Author: roymorgansocial

Labor delivers concessions on gig economy employment reforms

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Original article by
The Australian Financial Review – Page: 4 : 9-Nov-23

On-demand platforms have welcomed the federal government’s decision to make changes to the gig economy provisions of its Closing Loopholes Bill; however, they believe that the concessions do not go far enough. Amongst other things, the amendments will limit the introduction of traditional employment conditions for gig economy workers, such as penalty rates. The Fair Work Commission will be able to impose penalty rates if they are deemed to be appropriate for the type of work, although on-demand platforms had wanted weekend and evening penalty rates to be specifically excluded from the legislation.

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AUSTRALIA. FAIR WORK COMMISSION

McKibbin warns of 5pc rates

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Original article by Michael Read
The Australian Financial Review – Page: 1 & 4 : 9-Nov-23

Reserve Bank of Australia governor Michele Bullock noted on Tuesday that progress on reducing inflation has been slower than expected, which contributed to the RBA’s decision to increase official interest rates to 4.35 per cent. Treasurer Jim Chalmers says the rate increase was in the interest of the fight against inflation, while shadow finance minister Jane Hume contends that the federal government’s increase in spending since taking office in May 2022 is making the RBA’s job harder. Meanwhile, former RBA board member Warwick McKibbin argues that increases in taxes or reductions in other government spending programs are necessary to reduce demand in the economy; he adds that the RBA may need to increase the cash rate to five per cent in order to rein in the inflation rate.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA

Over 3 million Australians were either unemployed (1.54 million) or under-employed (1.58 million) in October – highest for three years

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Nov-23

The latest Roy Morgan employment series data shows that the number of Australians who are unemployed fell by 22,000 to 1,542,000 (9.9% of the workforce, down 0.3%) in October. However, underemployment rose by 248,000 to a record high of 1,577,000 (10.2% of the workforce). A total of 3.12 million Australians (20.1% of the workforce) were unemployed or underemployed in October, the highest figure since October 2020. Meanwhile, employment rose by 204,000 to a new record high of 13,959,000 in October. The increase was due to a rise in both full-time employment (up 46,000 to 9,009,000) and a large increase in part-time employment (up 158,000 to a new record high of 4,950,000). Roy Morgan’s unemployment figure of 9.9% for October is almost triple the ABS estimate of 3.6% for September, but it is almost identical to the combined ABS unemployment and under-employment figure of 10.0%.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Qantas flights detailed before Joyce sale

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Original article by Ayesha de Kretser
The Australian Financial Review – Page: 17 : 9-Nov-23

Documents filed in the Federal Court show that on 29 May Qantas provided the Australian Competition & Consumer Commission with the details of more than 18,000 flights it had cancelled. This was just three days before chairman Richard Goyder approved the sale of $17m worth of the airline’s shares by former CEO Alan Joyce. The ACCC has launched legal action alleging that Qantas had engaged in false, misleading or deceptive conduct by selling tickets for flights that it had already cancelled.

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QANTAS AIRWAYS LIMITED – ASX QAN, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Never have the survivors of the Holocaust felt the need to make a collective statement – until now

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Original article by Fiona Harari
The Australian – Page: 1 & 6 : 9-Nov-23

There is growing concern that anti-Semitism has increased in Australia in response to the Israeli-Hamas war. Some 102 of Australia’s remaining Holocaust survivors have used the 85th anniversary of the Kristallnacht pogrom in Germany to publish a joint statement urging all Australians to denounce the anti-Semitism and hatred that is speading in Australia and around the world. Amongst other things, they have warned of the consequences of allowing history to repeat itself. Nina Bassat describes Australia as one of the last bastions of civility, but warns that its multicultural and tolerant reputation is now at risk. The 84-year-old adds that anti-Semitism is not only about Jewish people, as any group that is perceived to be different also becomes its victims.

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Pro-Palestine business boycott condemned

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Original article by Patrick Durkin
The Australian Financial Review – Page: 4 : 9-Nov-23

The Stand For Palestine group has been criticised for launching a social media campaign urging Australians to boycott local retailers that have tenuous links to Israel. The companies that have been targeted include Chemist Warehouse and Spotlight Group, which were both founded by the offspring of Jewish migrants. Australian entrepreneur Paul Bassat says these businesses are being boycotted simply because they are owned by Jews, while Arnold Bloch Leibler partner Mark Leibler has described the campaign as "pure unadulterated antisemitism".

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CHEMIST WAREHOUSE, SPOTLIGHT GROUP HOLDINGS PTY LTD

Big projects putting home target at risk

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Original article by Michael Bleby
The Australian Financial Review – Page: 25 : 9-Nov-23

Property developers and builders have warned that the pipeline of publicly-funded infrastructure projects will make it hard to achieve the federal government’s revised target of 1.2 million new homes by 2029. This target is already uncertain, given that the number of housing starts fell to just 40,720 in the June quarter, which is its lowest level in a decade. Master Builders ACT CEO Michael Hopkins notes that the house construction sector is competing with infrastructure projects for the limited supply of labour. He adds that the construction sector will require an additional 500,000 workers nationwide by November 2026, including 7,000 in the ACT.

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MASTER BUILDERS’ CONSTRUCTION AND HOUSING ASSOCIATION OF THE AUSTRALIAN CAPITAL TERRITORY

Melbourne Cup viewing figures up, but far from impressive

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Original article by Nathan Jolly
Mumbrella – Page: Online : 9-Nov-23

The Ten Network’s coverage of the 2023 Melbourne Cup attracted 1.11 million viewers across the five major capital cities, compared with 1.024 million viewers in 2022. However, the broadcast was watched by 1.68 million people nationally, including streaming audiences; this compares with 1.35 million viewers nationally in 2022. The national audience was neverthless below 2021, when Ten’s coverage attracted 1.695 million viewers across metropolitan and regional areas. Ten has chosen not to renew its broadcasting rights deal.

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TEN NETWORK HOLDINGS LIMITED

Albanese and Xi to restart annual talks

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 8-Nov-23

Prime Minister Anthony Albanese held talks with Chinese Premier Li Qiang in Beijing on Tuesday. Li said the meeting will mark the resumption of annual talks between the leaders of the two nations. Albanese had previously held formal talks with Li in Jakarta in September; it was the first meeting between an Australian prime minister and a Chinese premier since Scott Morrison held talks with the late Li Keqiang in Bangkok in November 2019. Meanwhile, Albanese and Li have agreed to a number of initiatives aimed at improving relations between the two nations, including the introduction of multi-entry visas.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Business blues over IR shake-up bill

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Original article by Geoff Chambers
The Australian – Page: 2 : 8-Nov-23

The federal government continues to attract scrutiny over its compromise agreement with the Australian Hotels Association regarding the casual employment provisions of the Closing Loopholes Bill. The deal has been criticised by Restaurant & Catering Australia, the Council of Small Business Organisations Australia and the Minerals Council of Australia. They have released legal advice from Corrs Chambers Westgarth which suggests that, despite the amendments, employers that breach the new definition of a casual could still incur existing penalties.

CORPORATES
AUSTRALIAN HOTELS ASSOCIATION, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, MINERALS COUNCIL OF AUSTRALIA