Author: roymorgansocial

YouTube blasts eSafety chief for ban on under 16s

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 10 : 25-Jun-25

The federal government’s proposal to exempt YouTube from its ban on allowing children under the age of 16 to access social media continues to attract scrutiny. YouTube contends that eSafety Commissioner Julie Inman Grant has provided "inconsistent and contradictory" advice to the government in her recommendation to scrap the exemption; YouTube executive Rachel Lord notes that Inman Grant had previously expressed concern that the ban may limit young Australians’ access to ‘critical support’. Lord also argues that YouTube is a video-streaming platform rather than a social media platform.

CORPORATES
YOUTUBE INCORPORATED, AUSTRALIA. OFFICE OF THE ESAFETY COMMISSIONER

Federal voting intention before US bombing of Iranian nuclear sites showed the ALP retained a strong two-party preferred lead: ALP 58% cf. L-NP 42%

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The latest Roy Morgan survey shows that the ALP on 58% maintained a large two-party preferred lead over the L-NP Coalition on 42% on a two-party preferred basis for the first three weeks of June. Primary support for the ALP was at 37.5% (up 0.5% since May) in the first three weeks of June, and is clearly ahead of the Liberal-National Coalition on 31% (unchanged). Support for the Greens increased 0.5% to 12% and support for One Nation was unchanged at 6%. In addition, support for Independents/Other Parties was at 13.5% (down 1%). Meanwhile, the Roy Morgan Government Confidence Rating increased 4.5 points to 101.5 during the first three weeks of June. Government Confidence is now above the neutral level of 100 for the first time since February 2023. The latest Roy Morgan survey is based on interviewing a representative cross-section of 3,957 Australian electors from 2-22 June.

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ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

GST warning in roundtable revamp

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Original article by Matthew Cranston, Greg Brown, Sarah Elks
The Australian – Page: 1 & 4 : 25-Jun-25

Prime Minister Anthony Albanese had pitched the federal government’s plans to bring unions, business leaders and community groups together in August as a productivity roundtable. However, Treasurer Jim Chalmers has sought to broaden the scope of the summit by describing it as an "economic reform roundtable". He has also reiterated that the goods and services tax will be on the agenda; Chalmers adds that changes to the GST will only be considered if they are revenue-neutral and in the national interest.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY

ANZ-Roy Morgan Inflation Expectations increased slightly to 4.7% in mid-June – up from 4.6% for the month of May

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.7% for the week of 16-22 June, up 0.1% points from the month of May, following a volatile period for the measure in early June. A look at monthly Inflation Expectations for May 2025 shows the measure at 4.6% for the month – a decrease of 0.2% points from April and level with the near four year low reached in February 2025 (4.6%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of May 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for May shows mixed results, with an increase in Queensland, an unchanged result in Western Australia and falls in the four other States. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 4,090 Australians aged 14+ in May 2025.

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

ANZ-Roy Morgan Consumer Confidence up 1.3pts to 86.7, driven by improving buying sentiment amid Mid-Winter Sales

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

ANZ-Roy Morgan Consumer Confidence rose 1.3pts to 86.7 in the week to 22 June, rebounding from last week’s fall to return to the level of two weeks ago despite the continued conflict between Israel and Iran in the Middle East. Consumer Confidence is now 6.3 points above the same week a year ago (80.4), and it is just above the 2025 weekly average of 86.4. Analysis by State shows mixed results, with Consumer Confidence up in Victoria and Queensland, unchanged in New South Wales and Western Australia, and unchanged in South Australia. Now 21% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 44% (up 1ppt) say their families are ‘worse off’. Looking forward, 28% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 2ppts) expect to be ‘worse off’. Now just 11% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (also unchanged) expect ‘bad times’. Meanwhile, 26% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 33% (down 1ppt) say now is a ‘bad time to buy’ (the lowest figure for this indicator since April 2022).

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

Blockade a wake-up call for fuel reserves

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 25-Jun-25

Defence and national security expert Jennifer Parker believes that Iran’s ally China will not allow the Strait of Hormuz to be closed to oil tankers. However, Parker says Iran’s threat to block the strait – which is used to ship about 25 per cent of global oil supplies – is a "timely reminder" that Australia needs to build a much larger onshore reserve of fuel. The International Energy Agency’s protocols require nations to hold at least 90 days of oil stocks in reserve; this includes both oil that is stored domestically and fuel that is in transit. The IEA estimates that Australia has just 56 days of onshore fuel reserves, including 31 days worth of petrol.

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INTERNATIONAL ENERGY AGENCY

Virgin Australia shares take off on ASX despite Mid-East jitters

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Original article by Chris Zappone
The Sydney Morning Herald – Page: Online : 25-Jun-25

Shaw & Partners’ head of equities Anthony Wilson says the strong demand for Virgin Australia shares bodes well for future IPOs. Virgin Australia CEO Dave Emerson notes that demand for the stock had exceeded the number of shares that were being offered via the IPO, which raised $685m. The stock ended its first day of trading on Tuesday at $3.23, compared with an issue price of $2.90. Hugh Dive from Atlas Funds Management notes that Virgin’s sharemarket debut benefited from a fall in the oil price in response to a proposed ceasefire between Israel and Iran.

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VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VGN, SHAW AND PARTNERS LIMITED, ATLAS FUNDS MANAGEMENT PTY LTD

Nearly half of Australians now support marijuana legalisation – up 15 percentage points this decade

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

Roy Morgan’s latest data shows that 48% of Australians now support legalising marijuana, up 15 percentage points over the past decade (from 33% in 2015 and 42% in 2019). Opposition has fallen to 41%, also down 15 points since 2015 (from 56% and 49% in 2019), while 11% remain undecided. Men are more inclined to back legalisation of marijuana, with 51% saying it should be legal (40% opposed) compared to 45% of women (42% opposed). All Australians aged 18–49 now show majority support for legalisation; 18–24-year-olds have seen support grow from 36% in 2015 to 50% in 2019 and now 54% (an 18-point gain over the decade). Support among 25–34-year-olds has surged from 34% in 2015 to 46% in 2019 and now 58% (a 24-point increase). Middle-aged groups are also shifting: 35–49-year-olds now show a majority in favour at 51%. Meanwhile, support among 50-64-year-olds has risen 19 points to 48%, while opposition in this age group has fallen 18 points since 2019. Among those aged 65 and over, support has edged up slightly (from 33% in 2019 to 36% in 2025), yet this group continues to record the highest opposition at 54%.

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ROY MORGAN LIMITED

7.4 million Australians are now using Uber compared to around 4.2 million using taxis – a gap of over 3 million

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The latest data from Roy Morgan shows that more than 7.4 million Australians aged 14+ (32.3%) used Uber during the March quarter, while around 4.2 million (18.1%) used taxis; there was a gap of over 3 million Australians in favour of Uber for the first time. Usage of Uber has surged since the end of pandemic restrictions in the December 2022 quarter, increasing by 1.7 million (+29.8%). In comparison, usage of taxis has declined over the last two years, down by 212,000 (-4.8%) since the December 2022 quarter. Even more striking is a comparison between usage of the two services today compared to pre-pandemic levels in the September 2019 quarter. Usage of Uber has increased by over 2.1 million (+40.6%) since late 2019, while usage of taxis has dropped by over 630,000 (-13.3%). This data comes from Roy Morgan Single Source, Australia’s most comprehensive consumer survey, derived from in-depth interviews with over 65,000 Australians each year.

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ROY MORGAN LIMITED, UBER AUSTRALIA PTY LTD

New mine firms up Rio, Rinehart partnership

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Original article by Brad Thompson
The Australian – Page: 15 : 25-Jun-25

Rio Tinto and Hancock Prospecting will proceed with the the Hope Downs 2 iron ore project in the Pilbara, after it received the final regulatory approvals from the federal and Western Australian governments earlier in June. The project is part of the broader Hope Downs joint venture between Rio Tinto and the Gina Rinehart-controllled Hancock Prospecting. The two companies will split the cost of developing the new mine, which comprises the Hope Downs 2 and Bedded Hilltop deposits; annual production of about 31 million tonnes is scheduled to begin in 2027.

CORPORATES
RIO TINTO LIMITED – ASX RIO, HANCOCK PROSPECTING PTY LTD