Author: roymorgansocial

National cabinet secrecy: senator to cross the floor

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Original article by Ronald Mizen
The Australian Financial Review – Page: 10 : 29-Sep-21

The federal government will need the support of four crossbench senators for its legislation to overturn a Federal Court ruling on the status of the national cabinet. Justice Richard White recently ruled in the Administrative Appeals Tribunal that the national cabinet is not covered by secrecy laws. Liberal senator Gerard Rennick has advised that he will vote against the legislation, stating that he has no time for secrecy and that Australians have a right to know what is discussed in meetings of the national cabinet.

CORPORATES
FEDERAL COURT OF AUSTRALIA, AUSTRALIA. ADMINISTRATIVE APPEALS TRIBUNAL, LIBERAL PARTY OF AUSTRALIA

ING home loan customers are the most satisfied with their bank, followed by Suncorp, Bendigo Bank and BankSA

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Sep-21

New financial data from Roy Morgan shows that ING has maintained its lead at the top of banking customer satisfaction ratings among home loan customers in mid-2021. ING’s satisfaction rating rose 2.6% points year-on-year to 91.3% in August 2021. ING was followed by Suncorp on 90.3% (up 3.9% points on a year ago), Bendigo Bank on 89.1% (up 0.1% points) and BankSA on 87.3% (up 11% points). The latest data covers the six months to August 2021; overall home loan customer satisfaction amongst Australia’s top 12 banks collectively was at 77.9% during this period. This represents a decrease of 0.5% points from a year ago when there was significant financial support being offered to hundreds of thousands of home loan customers in the form of deferred loans. CBA once again has the highest home loan customer satisfaction among the big four banks, with a rating of 78.7%. Average home loan customer satisfaction with the big four banks as a group is 75.9%. These latest banking satisfaction ratings come from the Roy Morgan Single Source survey, derived from in-depth interviews with over 50,000 Australians each year.

CORPORATES
ROY MORGAN LIMITED, ING BANK (AUSTRALIA) LIMITED, SUNCORP BANK, BENDIGO BANK, BANK OF SOUTH AUSTRALIA LIMITED

Coal boom to kick-start mines

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Original article by Lachlan Moffet Gray, David Rogers
The Australian – Page: 13 & 19 : 29-Sep-21

The price of thermal coal shipped from Newcastle in New South Wales has reached a record high of $US204.75 per tonne. The thermal coal price has now risen by more than 270 per cent since reaching a 12- month low of $US54.70 in October 2020. The price of coking coal has in turn risen by 183 per cent since reaching a yearly low. National Party senator Matt Canavan says the record prices are unlikely to be sustained; however, he adds that the high prices will encourage Australian coal miners to expand production, particularly in Queensland’s Galilee Basin.

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NATIONAL PARTY OF AUSTRALIA

Victorian cases surpass NSW for first time since Delta outbreaks began

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Original article by Clay Lucas, Sumeyya Ilanbey, Caitlin Fitzsimmons
The Age – Page: Online : 29-Sep-21

Victoria has recorded 867 new locally-acquired COVID-19 cases, while the number of cases in recent days has been revised upwards due to a testing error by a third-party software vendor. The state’s toll from the current outbreak has risen to 29 after another four deaths. New South Wales has in turn reported 863 new COVID-19 cases, down from a peak of more than 1,500 during the current outbreak; however, Premier Gladys Berejiklian recently warned of a likely spike in cases when the state’s economy starts to reopen in October. Meanwhile, some lockdown restrictions in Victoria were eased at 11.59pm on 28 September in line with the state’s reopening roadmap, although there will be a snap seven-day lockdown in the regional local government area of Latrobe after four new COVID-19 cases were detected.

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NEW SOUTH WALES. DEPT OF PREMIER AND CABINET

29% of Australians now say Freedom is more important than the law

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Sep-21

New Roy Morgan data shows that since the COVID-19 pandemic began there has been a sustained increase in how Australians view freedom compared to the law of the land. Some 29.3% of Australians aged 14+ now agree that ‘Freedom is more important than the law’ – an increase of almost 8% points compared to the March 2020 quarter (21.6% of Australians), just prior to the onset of the pandemic. Agreement with this statement jumped 7% points in the June 2020 quarter to 28.6% of Australians and has remained between 27-31% over the last year. Meanwhile, 24.9% of women now agree with the statement, an increase of 8.4% points from the March 2020 quarter and close to the high of 25.2% reached in the March 2021 quarter; 33.8% of men also agreed with the statement in the June 2021 quarter, an increase of 6.8% points from the March 2020 quarter and above the pre-pandemic high of 32% reached briefly in the June 2019 quarter. The data comes from Roy Morgan Single Source, the nation’s largest and longest-running program of research into consumer behaviour and attitudes, continuously conducted year-round.

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ROY MORGAN LIMITED

Chalmers’ Shorten-era tax threat

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Original article by Greg Brown
The Australian – Page: 1 & 4 : 29-Sep-21

Labor abandoned a number of unpopular policy measures that contributed to its 2019 election defeat, including changes to the franking credit and negative gearing regimes. However, shadow treasurer Jim Chalmers is said to have pushed for Labor to retain a policy which targeted the use of family trusts to minimise taxation. He is believed to have raised the issue at a recent meeting of Labor’s strategic policy review committee. Sources have indicated that discussions regarding the policy on discretionary trusts are at a preliminary stage and the issue has not been debated by the shadow cabinet.

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AUSTRALIAN LABOR PARTY

PM to end money for lockdowns

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Original article by Phillip Coorey, Tom McIlroy
The Australian Financial Review – Page: 1 & 4 : 29-Sep-21

The federal government’s temporary COVID-19 Disaster Payment will be phased out when the states and territories have achieved the vaccination rates that were agreed upon in the national plan to reopen the economy. The income support payments will be completely withdrawn two weeks after 80 per cent of the eligible population of a given jurisdiction has been fully vaccinated. States and territories that opt to set higher vaccination targets than the national plan will be required to implement their own income support programs. Treasurer Josh Frydenberg says the coronavirus cannot be eliminated, so Australia must learn to live with it.

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AUSTRALIA. DEPT OF THE TREASURY

Melbourne Storm are the most widely supported NRL (or AFL) club in 2021 ahead of the Brisbane Broncos and Parramatta Eels

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Sep-21

The latest data from Roy Morgan shows that the total NRL supporter base has grown by over 1 million from a year ago, up 19% to more than 6.3 million Australians aged 14+ (29.9%) in 2021 despite the sport dealing with two COVID-interrupted seasons throughout 2020-21. The NRL was forced to relocate all 16 clubs to Queensland in July this year after outbreaks of COVID-19 in the key market of New South Wales as well as in Victoria and the ACT; despite these upheavals support for the clubs has boomed, with 11 of the 16 clubs experiencing an increase in support from 2020. The Melbourne Storm have topped the ladder as the most widely supported NRL club in 2021 with 1,211,000 supporters, an increase of 28.7% on a year ago following the club’s fourth Premiership in 2020. In second is the Brisbane Broncos, the only other club with over 1 million supporters on 1,028,000, an increase of 15% on a year ago despite the club’s first Wooden Spoon in 2020 since joining the competition in 1988. These key findings are derived from detailed in-depth interview with over 50,000 Australians each year as part of the Roy Morgan Single Source survey.

CORPORATES
ROY MORGAN LIMITED, NATIONAL RUGBY LEAGUE, MELBOURNE STORM RUGBY LEAGUE CLUB LIMITED, BRISBANE BRONCOS RUGBY LEAGUE CLUB LIMITED

ANZ-Roy Morgan Consumer Confidence increases for third straight week to 103.7 as Australians focused on domestic issues

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Sep-21

ANZ-Roy Morgan Consumer Confidence rose 0.4pts to 103.7 on September 25/26. The small increase came as Australians focused on domestic issues in recent weeks, with the ‘AUKUS’ defence agreement with the US and UK having a negligible impact on people in Australia. Despite the increase Consumer Confidence remains well below the 2021 weekly average of 108.5, but it is now 8.7 points higher than the same week a year ago (95.0). Consumer Confidence was up slightly in Victoria, South Australia and Western Australia, and down slightly in the other States. Now 28% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 28% (down 2ppts) also say their families are ‘worse off’ financially. In addition, 37% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (up 1ppt) expect to be ‘worse off’ financially. Some 14% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 25% (up 1ppt) expect ‘bad times’. Meanwhile, 38% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 31% (down 1ppt) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

National cabinet secrecy a convenient lie

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Original article by Ronald Mizen
The Australian Financial Review – Page: 10 : 28-Sep-21

Constitutional law expert Professor Anne Twomey has attacked legislation that will see the national cabinet become a sub-committee of the federal cabinet. The legislation has been quickly introduced after the Federal Court rejected an attempt by the federal government to label it as such, so as to exclude it from freedom of information laws. Twomey says the legislation is seeking to achieve a "convenient lie", while former counsel assisting the NSW Independent Commission Against Corruption Geoffrey Watson, SC, has labelled the legislation as a "joke".

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FEDERAL COURT OF AUSTRALIA, NEW SOUTH WALES. INDEPENDENT COMMISSION AGAINST CORRUPTION