Author: roymorgansocial

Nine’s Domain caught in cyber scam

roymorgansocial Leave a comment

Original article by Sophie Elsworth
The Australian – Page: 3 : 21-May-21

Online real estate portal Domain has increased its security controls in the wake of a cyber-attack. CEO Jason Pellegrino has informed Domain users that their personal information may have been stolen in the phishing attack, which targeted people who inquired about rental properties that had been advertised on Domain. Nine Entertainment Company, which has a 60 per cent stake in Domain, has confirmed that the cyber attack is not related one which disrupted its own operations in March

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

50 is the new 60 when defining older worker

roymorgansocial Leave a comment

Original article by Hannah Wootton
The Australian Financial Review – Page: 10 : 17-May-21

Seventeen per cent of business leaders now classify people aged 51-55 as ‘older’ workers, compared to just 11 per cent in 2018. This is according to a survey by the Australian Human Resources Institute and the Human Rights Commission; just under 50 per cent of those surveyed stated that they would be reluctant to hire someone over a specific age. Age Discrimination Commissioner Kay Patterson contends that businesses should be looking at the value of "multi-generational workplaces"; she notes the most important thing is the ability to do your job, rather than your chronological age.

CORPORATES
AUSTRALIAN HUMAN RESOURCES INSTITUTE, AUSTRALIAN HUMAN RIGHTS COMMISSION, QANTAS AIRWAYS LIMITED – ASX QAN

Broadcast spectrum buyback threatens popular TV channels

roymorgansocial Leave a comment

Original article by Zoe Samios
The Age – Page: Online : 17-May-21

The federal government announced a policy in November that would see spectrum licence fees removed in exchange for the radiofrequency spectrum of television broadcasters being reduced by compressing it. The spectrum made available as a result of this compression would be sold at a higher price to companies such as telcos. Broadcasters are worried that the technology that the government plans to use to compress the spectrum will soon be outdated, and that it will reduce the quality of broadcasting and lead to fewer multi-channels.

CORPORATES

Queensland is the favoured pick for longer holidays during the pandemic with international borders closed

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 17-May-21

New data from Roy Morgan’s Holiday Travel Intention Leading Indicator Report shows that 5.68 million Australians (26.9% of those aged 14+) in the March quarter intend to take a holiday during the next 12 months. Of these travellers there were 5.24 million set on taking a domestic holiday and a further 340,000 planning an overseas holiday – although according to the Federal Budget the international borders are set to remain closed for holidaymakers until early next year. There were a small number of prospective travellers who couldn’t decide whether their holidays would be domestic or international. For those planning a holiday of at least three nights Queensland is now the top destination for 24.9% of travellers, just ahead of New South Wales (22.7%); Victoria (11.6%) and Western Australia (11.1%) are significantly further behind. Other holiday makers have opted for another domestic destination, an international destination (which will have to be reconsidered with borders set to remain closed), or do not yet have any particular destination in mind at all. In 2019 prior to the pandemic New South Wales had been the top domestic destination for holidays of at least three nights, chosen by 17.2% of travellers – just ahead of Queensland (16.4%) and Victoria (15.3%). These are the latest findings from the Roy Morgan Single Source survey, derived from comprehensive in-depth interviews with 1,000 Australians each week or over 50,000 each year.

CORPORATES
ROY MORGAN LIMITED

Refinery rescue will cost $2.35bn

roymorgansocial Leave a comment

Original article by Ben Packham
The Australian – Page: 4 : 17-May-21

The federal government’s rescue package for the nation’s oil refineries was designed in consultation with Ampol and Viva Energy. The two companies will receive up to $2bn in direct taxpayer funding over the next decade. The variable payments system means that Ampol and Viva will receive greater taxpayer support during periods when their refineries’ margins are low. The government will also provide $302m for the refineries to shift to higher standards three years ahead of schedule. Australia’s two remaining oil refineries employ more than 1,200 people.

CORPORATES
AMPOL LIMITED – ALD, VIVA ENERGY GROUP LIMITED – ASX VEA

China tensions threaten LNG, coal exports

roymorgansocial Leave a comment

Original article by Perry Williams
The Weekend Australian – Page: 20 : 15-May-21

China has imposed an informal ban on Australian thermal coal since 2020, and consultancy Wood Mackenzie expects the ban to remain in place until 2022. There are now also suggestions that the ongoing tensions could see China pull back from agreeing to sign long-term LNG deals with Australia, which supplies 45 per cent of China’s LNG requirements. Woodside Petroleum advised in February that it had been forced to delay talks to sell LNG to China, citing the economic rift between the two nations.

CORPORATES
WOOD MACKENZIE, WOODSIDE PETROLEUM LIMITED – ASX WPL

Australian Open could be forced offshore due to coronavirus border closure

roymorgansocial Leave a comment

Original article by Catherine Murphy
abc.net au – Page: Online : 17-May-21

Tennis players are said to be unwilling to go through two weeks of hotel quarantine again before the Australian Open if the nation’s international borders remain closed until mid-2022. It is believed that Tennis Australia is prepared to move the 2022 Australian Open to Doha or Dubai if it and the federal government cannot come to an agreement on less rigid quarantine arrangements. Melbourne’s Formula One grand prix will also need quarantine arrangements to be eased if it is to go ahead in November, after it was switched from March.

CORPORATES
TENNIS AUSTRALIA

Call for medevac-style repatriation flights for Australians with Covid from India

roymorgansocial Leave a comment

Original article by Calla Wahlquist
The Guardian Australia – Page: Online : 17-May-21

Prime Minister Scott Morrison has defended the federal government’s policy on repatriating Australian citizens and permanent residents in India. The first repatriation flight arrived in Darwin on 15 May, with just 80 returned travellers aboard; they are now at the Howard Springs quarantine facility. Another 42 people who tested positive for COVID-19 and 30 close contacts were barred from the flight. Morrison says it does not make sense to import COVID-19 into Australia by allowing people who have tested positive to board repatriation flights. However, epidemiologist Catherine Bennett contends that vulnerable Australians abroad who have the coronavirus should be treated as medical evacuees rather than returned travellers. Some of the people who were barred from the flight have since tested negative.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, DEAKIN UNIVERSITY

Small super funds return a higher level of satisfaction for investors

roymorgansocial Leave a comment

Original article by Aleks Vickovich
The Australian Financial Review – Page: 17 : 17-May-21

Research by CoreData shows that superannuation funds with assets of less than $20bn outperform their larger peers in terms of customer satisfaction. Smaller funds received an overall score of 63 among members who have retired and a score of 53.2 with regard to preparedness for retirement. In contrast, large super funds received a rating of 57.7 among retirees and just 46.9 among pre-retirees. The survey of more than 4,000 respondents has coincided with a regulatory push for smaller super funds to merge.

CORPORATES
COREDATA PTY LTD

Business brains bolster ABC board

roymorgansocial Leave a comment

Original article by James Madden
The Australian – Page: 19 : 17-May-21

Media industry veteran Peter Tonagh is one of three new appointments to the ABC’s board. The former CEO of Foxtel was recommended by the public broadcaster’s independent nominations panel, as was the former MD of the Seven Network’s Perth station, Mario D’Orazio. Communications Minister Paul Fletcher personally chose Fiona Balfour to fill the third vacancy on the ABC’s board; she has extensive experience across a range of business sectors. All three will have five-year terms at the ABC.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, FOXTEL MANAGEMENT PTY LTD, SEVEN NETWORK LIMITED, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS