Author: roymorgansocial

PM steels for food fight after critical offer fails to win over Trump

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Original article by Ben Packham,(SPACE)Perry Williams
The Australian – Page: 1 & 4 : 14-Mar-25

The federal government’s offer of a critical minerals deal with the US remains on the table, despite it not helping to persuade Donald Trump to exempt Australia from his 25 per cent tariffs on steel and aluminium. The government hopes that the deal can help Australia’s case as Trump prepares to make his ‘reciprocal tariffs announcement’ on 2 April, which could hit a range of Australian products, including beef, seafood and other food exports. With the Australian food export industry worth $75 billion, Trade Minister Don Farrell will tell the Global Food Forum in Melbourne on Friday that the federal government will do its best to protect the food industry from Trump’s next lot of tariffs.

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AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Ex-Star boss denies police warning on Suncity crime links

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Original article by Glen Norris
The Australian – Page: Online : 14-Mar-25

The Australian Securities & Investments Commission is taking legal action against a number former executives and directors of Star Entertainment in the Federal Court. ASIC is alleging they breached their duty of care in relation to money laundering controls at its casinos, with former Star CEO Matt Bekier giving evidence on Thursday. Bekier told the court that he was not concerned by an email from chief casino operator Greg Hawkins that police had excluded six people associated with Suncity from its Sydney casino, possibly because of links to organised crime, with Suncity being Star’s biggest junket operator. Bekier said he thought that if the police had genuine concerns about the people that they would raised it with Star, rather than "just excluding people without telling us the reason".

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION,(SPACE)THE STAR ENTERTAINMENT GROUP LIMITED – ASX SGR,(SPACE)FEDERAL COURT OF AUSTRALIA

Overeach for ASIC to fine us, says big super

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Original article by Lucas Baird
The Australian Financial Review – Page: 10 : 14-Mar-25

Australian Securities and Investments Commission chairman Joe Longo has labelled the superananuation sector the "poster child" for governance failures, with Mary Delahunty saying Longo’s comments are an "overeach". Delahunty is from the Association of Superannuation Funds of Australia, which is the lobby group for the superannuation industry, with ASIC seeking to impose fines on AustralianSuper over its alleged failure to deal with thousands of death benefit claims in a prompt manner. However, Delahunty believes ASIC should use methods such as enforceable undertakings to regulate the industry, rather than fines.

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION,(SPACE)THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED,(SPACE)AUSTRALIANSUPER PTY LTD

Families lost $19,000 a year, says Coalition

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Original article by John Kehoe
The Australian Financial Review – Page: 3 : 14-Mar-25

Recently published national accounts data revealed that real household disposable income per person has fallen 7.9 per cent since just before the May 2022 federal election. Analysis of this data by the Coalition has led it to conclude that households have $19,000 less disposable income to spend a year than before Labor came to power, with shadow treasurer Angus Taylor saying that even Treasurer Jim Chalmers’ figures suggest it will be at least 2030 before people will be as well off as they were before Labor came to power. However, Australian National University economist Ben Phillips says pandemic-era stimulus meant living standards were not as bad as suggested by Taylor, with Phillips saying real household disposable income per person was similar over the five years to 2024 to what it was under the Coalition for the five years before the pandemic.

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AUSTRALIAN NATIONAL UNIVERSITY

Secret of Piastri’s $41m-a year success – pasta

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Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 14-Mar-25

Melbourne-born Formula 1 driver Oscar Piastri is expected to make his debut in the Young Rich List this year, in part due to a new contract he has just signed with McLaren. The contract will keep Piastri at McLaren until at least 2028, and is understood to be worth round Stg20 million ($41 million) a year, while Piastri contends the secret to his success is to stick to a set routine before every race. The Australian Grand Prix will be held at Melbourne’s Albert Park track this Sunday, with a record crowd of more 450,000 expected to attend the track over the weekend, with fans of Piastri hoping he can become the first Australian to win the race.

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Ticketek owner TEG mired in workplace allegations amid CEO reshuffle

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Original article by Sam Buckingham-Jones,(SPACE)Sarah Thompson
The Australian Financial Review – Page: Online : 14-Mar-25

A spokesman for former TEG CEO Geoff Jones has denied allegations that the company has workplace problems, with TEG being the owner of ticketing business Ticketek. The allegations were raised in a letter from a lawyer who had worked for TEG, and was sent to its management in September after he had left it. The letter alleged that TEG managers humiliated and overworked staff, with the lawyer recommending that the company hire a human resources consultant to assess the issues raised. The revelation of the letter comes as it was announced on Wednesday that Jones would be stepping down as CEO of TEG to become its chairman, with former Woolworths CEO Brad Banducci to replace him; Jones was CEO of TEG for 14 years.

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TEG PTY LTD,(SPACE)TICKETEK,(SPACE)WOOLWORTHS GROUP LIMITED – ASX WOW

Union bid to force Rio to negotiating table

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Original article by Ewin Hannan,(SPACE)Brad Thompson
The Australian – Page: Online : 14-Mar-25

The Western Mine Workers Alliance is to apply to the Fair Work Commission to have Rio Tinto forced into collective bargaining at its Paraburdoo iron ore mine operation in the Pilbara. The Alliance, which is made up of the Mining & Energy Union and the Australian Workers Union, claims that more than 400 workers at Paraburdoo had signed a petition in favour of having a collective agreement. The unions claim that members can earn on average 30 per cent more than non-union members as a result of collective bargaining, while Rio has reiterated that its existing employment model has helped to "drive productivity and wages growth".

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AUSTRALIA. FAIR WORK COMMISSION,(SPACE)RIO TINTO LIMITED – ASX RIO,(SPACE)MINING AND ENERGY UNION,(SPACE)AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES

Nine formally appoints Matt Stanton as chief executive

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Original article by Calum Jaspan
The Age – Page: Online : 14-Mar-25

Media company Nine Entertainment has announced that it has formally appointed Matt Stanton as its CEO, with chair Catherine West said the board was delighted to do so after an extensive search for Mike Sneesby’s successor. Sneesby had stepped down in September after an ongoing period of share price decline and a rocky few months for Nine, and Stanton had been acting as interim CEO since then. He had previously been Nine’s chief strategy and financial officer, while companies that he worked for before joining Nine include Woolworths and Bauer Media, where he had been CEO.

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NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC,(SPACE)WOOLWORTHS GROUP LIMITED – ASX WOW,(SPACE)BAUER MEDIA AUSTRALIA PTY LTD

Border dodgers’ criminal rampage: Cost to Aussies is $100m

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Original article by Remy Varga
Herald Sun – Page: Online : 5-Mar-25

Data from the Department of Home Affairs shows that 291 former immigration detainees have now been released since the High Court’s landmark NZYQ ruling. The figures also show that 90 former detainees have been charged with various offences by state and territory authorities since their release; 17 have been given new custodial sentences and five have received suspended sentences. Meanwhile, the former detainees – all of whom have criminal records in Australia – have now cost taxpayers more than $100m since they were released into the community. This includes $73.7m on operational costs, $24.3m on administration costs and $18.6m worth of legal fees. The ex-detainees are also receiving government payments of up to $1,000 each fortnight.

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AUSTRALIA. DEPT OF HOME AFFAIRS, HIGH COURT OF AUSTRALIA

Union vows to fight Dutton’s five-days-in-office edict at the tribunal

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Original article by Olivia Ireland, Josefine Ganko
The Sydney Morning Herald – Page: Online : 5-Mar-25

The Community & Public Sector Union says it will pursue a Fair Work Commission challenge to any mandate for public servants to return to working in their office five days a week if the Coalition wins the upcoming federal election. The CPSU’s national secretary Melissa Donnelly has accused the Coalition of being ‘tone-deaf’ to the challenges that working families and working women face in their working life. Opposition leader Peter Dutton rejects suggestions that the policy discriminates against women with children, arguing that it will apply to all public servants; he adds that the Coalition would use common sense when considering any exceptions to the policy.

CORPORATES
COMMUNITY AND PUBLIC SECTOR UNION, AUSTRALIA. FAIR WORK COMMISSION, LIBERAL PARTY OF AUSTRALIA