Author: roymorgansocial

Liberal Party vows to adopt more sensitive language on China

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Original article by Matthew Knott, Eryk Bagshaw
The Age – Page: Online : 23-Dec-22

The review into the Liberal Party’s defeat in the May federal election found that the swing against it was significantly higher in electorates which have high concentrations of voters of Chinese ancestry. The review stated that party representatives need to be sensitive to the genuine concerns of the Chinese community and to ensure the language that they use cannot be misinterpreted as insensitive. The release of the review came as Foreign Minister Penny Wong returned from her quick visit to Beijing, with her visit being the first by an Australian foreign minister in four years.

CORPORATES
LIBERAL PARTY OF AUSTRALIA

TPG could lift mobile prices despite block on sharing deal

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Original article by Lucas Baird
The Australian Financial Review – Page: Online : 23-Dec-22

Morningstar analyst Brian Han says the proposed regional mobile network sharing deal between TPG Telecom and Telstra is "not completely dead", given that both telcos intend to appeal the Australian Competition & Consumer Commission’s ruling. Amongst other things, the ACCC took the view that approving the deal would have given TPG an incentive to increase its mobile prices as soon as the network-sharing arrangement was completed. However, Eric Choi of Barrenjoey contends that TPG would have been likely to increase its mobile prices even if the ACCC had approved the deal. He notes that TPG is the only major telco that has not yet increased its consumer prices.

CORPORATES
TPG TELECOM LIMITED – ASX TPG, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MORNINGSTAR PTY LTD, BARRENJOEY CAPITAL PARTNERS PTY LTD

Billion-dollar cricket bid drags as rivals pick up pace

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Original article by Ben Horne
The Australian – Page: 3 : 23-Dec-22

Cricket Australia is believed to favour a joint bid from Nine Entertainment and Fox Sports for its broadcasting rights, despite the fact that Ten Network owner Paramount has made the highest offer. CA is said to be reluctant to give the rights to all forms of cricket to Paramount, although it could secure some of the rights. Meanwhile, Nine is believed to have been given financial advice that it could handle the broadcasting rights to both cricket and the Australian Open.

CORPORATES
CRICKET AUSTRALIA, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, FOX SPORTS AUSTRALIA PTY LTD, TEN NETWORK HOLDINGS LIMITED, PARAMOUNT GLOBAL

Ads on Foxtel’s Binge make it 30pc more profitable

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: Online : 23-Dec-22

Binge has opted for a different path to advertising-supported streaming than international rival Netflix, which launched a brand-new tier with ads in early November. Foxtel-owned Binge will instead introduce advertisements to one of its existing tiers in March. Foxtel Media CEO Mark Frain says modelling suggests that this strategy will make it a 30 per cent more profitable product. Foxtel Media is already selling advertising packages for Binge, and Frain notes that they are proving to be very popular with advertisers. He forecasts that Binge’s advertising revenue will be within the range of $50m to $100m within several years.

CORPORATES
BINGE, FOXTEL MANAGEMENT PTY LTD, FOXTEL MEDIA, NETFLIX INCORPORATED

Banks demand buy now, pay later details for home loans

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Original article by Joyce Moullakis
The Australian – Page: 13 & 17 : 23-Dec-22

ING and Macquarie Bank have told mortgage brokers that they are now including buy now, pay later debts when assessing a person’s ability to repay a mortgage or other type of loan. ING has also advised brokers that outstanding Higher Education Contribution Scheme (HECS) or Higher Education Loan Program (HELP) debt amounts need to be included in the loan serviceability assessment, while it is to increase the minimum required deposit from five per cent to 10 per cent to line up with its align with its lenders’ mortgage insurer’s policy on "high-risk postcodes".

CORPORATES
ING AUSTRALIA HOLDINGS LIMITED, MACQUARIE BANK LIMITED – ASX MBL

ABC attack on regulator reeks of arrogance

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Original article by Stephen Rice
The Australian – Page: 1 & 6 : 23-Dec-22

The ABC is under renewed scrutiny after the Australian Communications & Media Authority found that a controversial two-part Four Corners program about Fox News breached its code of practice. Shadow communications minister Sarah Henderson says the ABC has shown an "untenable disregard" for the need to comply with its own code of practice by improperly attacking the independent regulator. Henderson says ACMA’s findings with regard to ‘Fox and the Big Lie’ show that the ABC needs to undertake a comprehensive review of how journalistic standards at Four Corners and across the public broadcaster can be improved.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, FOX NEWS

Dividend looms in BHP-OZ takeover

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Original article by Nick Evans
The Australian – Page: 13 & 16 : 23-Dec-22

BHP and OZ Minerals signed a scheme implementation deed on Thursday, concluding a takeover bid that began in August. OZ shareholders will vote on the deal in late March or early April, while the $9.6bn takeover will also require regulatory approval in Brazil and Vietnam. An independent expert’s report will also have to conclude that the deal is in the best interests of OZ shareholders, who will receive $28.25 per share. OZ will be able to use its franking credits to pay a dividend of up to $1.75 per share before the takeover is finalised; however, any dividend will reduce the price that investors will receive for their shares.

CORPORATES
BHP GROUP LIMITED – ASX BHP, OZ MINERALS LIMITED – ASX OZL

NSW Voting Intention: ALP 52% cf. L-NP 48% with State Election approaching in March 2023

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Dec-22

The latest Roy Morgan Poll on State voting intention in New South Wales shows that the ALP on 52% (up 4% points since the 2019 State Election) has a slight lead over the Liberal-National Coalition on 48% (down 4% points) on a two-party preferred basis. The primary vote support of the two major parties is below 40%, with the Liberal-National Coalition on 37% (down 4.6% points from the 2019 Election), just ahead of the ALP on 35% ( up 1.7% points). Support for the Greens is at 11.5% (up 1.9% points) while total support for ‘Other parties and independents’ is now at 16.5% (up 1% point). Among the minor parties support for One Nation is at 5%, the Shooters, Fishers and Farmers Party is on 1.5% and the Animal Justice Party, Liberal Democrats, Legalise Cannabis Party, Clive Palmer’s United Australia Party and ‘Teal Independents’ are all on 0.5% support; another 7.5% say they will support other minor parties and independents. Roy Morgan CEO Michele Levine says Opposition Leader Chris Minns is on track to be the first Labor Premier of NSW since Kristina Keneally lost the 2011 State Election. This Roy Morgan Poll on State voting intention was conducted via telephone and online surveying with 1,234 New South Wales electors aged 18+ during the month of November.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF NEW SOUTH WALES, NATIONAL PARTY OF AUSTRALIA, THE GREENS NSW INCORPORATED, ONE NATION PARTY, SHOOTERS, FISHERS AND FARMERS PARTY, ANIMAL JUSTICE PARTY, LIBERAL DEMOCRATIC PARTY, LEGALISE CANNABIS PARTY, UNITED AUSTRALIA PARTY

Bosses angry at big stick threat

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Original article by Ewin Hannan
The Australian – Page: 1 & 6 : 21-Dec-22

The Australian Resources & Energy Employer Association alleges that unions are seeking to delay negotiating new workplace agreements until the multi-employer bargaining provisions of the Secure Jobs, Better Pay legislation take effect in mid-2023. AREEA CEO Steve Knott says union tactics such as stalling negotiations or encouraging employees to vote down proposed enterprise agreements are expected to become commonplace in many sectors of the economy in the first half of 2023. However, the Electrical Trades Union’s acting national secretary Michael Wright says AREEA should be working with unions on meeting the challenges that workers and employers currently face.

CORPORATES
AUSTRALIAN RESOURCES AND ENERGY EMPLOYER ASSOCIATION, ELECTRICAL TRADES UNION

Andrews denies sneaky document dump

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Original article by Rachel Baxendale
The Australian – Page: 6 : 21-Dec-22

The Victorian government has been criticised for tabling 265 reports during the first sitting of state parliament since the election on 26 November. Premier Daniel Andrews has defended the decision to release tens of thousands of pages of government documents just days before Christmas; he stresses that the reports are being tabled in accordance with the law, and notes that many reports had been tabled before his government went into caretaker mode. Opposition Leader John Pesutto has stressed the need for accountability, scrutiny and integrity in government.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET