Author: roymorgansocial

PM rolls out $7.4b for aged care pay

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Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 4-Mar-25

Prime Minister Anthony Albanese will announce on Tuesday that he has struck a deal with NSW to provide its public schools with a $4.8 billion funding boost over 10 years. It leaves Queensland as the only state not to sign up to new funding arrangements, while Aged Care Minister Anika Wells will announce on Tuesday a further 12 per cent pay rise for aged care nurses that is worth $2.6 billion over three years. The announcement of the funding deal for NSW schools and the pay rise for aged care nurses comes amid increasing speculation that Albanese will call a federal election for 12 April immediately after Western Australians go to the polls on Saturday.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HEALTH AND AGED CARE

Cyclone Alfred looks to be final barrier to PM calling April 12 election

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Original article by Jacob Greber
abc.net.au – Page: Online : 4-Mar-25

A source within the federal government says there is a 50 per cent chance that Prime Minister Anthony Albanese will announce the date of the election this weekend, with 12 April seen as the most likely option. However, some Labor insiders believe that Albanese will wait until the potential impact of Tropical Cyclone Alfred on south-east Queensland is known before going to the polls. The Bureau of Meteorology has upgraded the cyclone to a category two system, and it is forecast to make landfall somewhere between Brisbane and the Sunshine Coast later this week. The next most likely date for the election would be 3 May, given that Albanese will have to take into account Easter and Anzac Day when deciding on a date to go to the polls.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

CFMEU to ignore pledge and campaign in election

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 4-Mar-25

CFMEU administrator Mark Irving KC has previously committed to barring the construction union from making political donations, engaging in party politics or supporting candidates. However, CFMEU national secretary and Victorian branch executive director Zach Smith appears to be ignoring Irving’s pledge, with Smith having promised to campaign against opposition leader Peter Dutton during the upcoming federal election campaign, over Dutton’s pledge to deregister the CFMEU if he is elected. Commenting on Smith’s promise, a spokesman for Irving said he has reaffirmed his commitment that the CFMEU will not engage in party politics while in administration, and that there is "no contradiction between that commitment and the union continuing to educate members on issues that affect them".

CORPORATES
CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION

Roy Morgan Poll: Coalition regains narrow lead after Reserve Bank boost proves short-lived: L-NP 50.5% cf. ALP 49.5%

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Original article by Roy Morgan
Market Research Update – Page: Online : 4-Mar-25

If a Federal Election were held now the result would be a hung parliament, with the Coalition on 50.5% (up 1.5%) narrowly ahead of the ALP on 49.5% (down 1.5%) on a two-party preferred basis. The Coalition, or the ALP, would require the support of minor parties and independents to form government, the latest Roy Morgan survey finds. This latest weekly poll has not completely reversed the ‘Reserve Bank boost’ but has definitely shown the ‘boost’ to Labor has been significantly softened. The Coalition stretched their primary vote lead, with L-NP support up 3.5% to 40% while ALP support dropped 3% to 28.5%; the Greens were unchanged at 13.5%, One Nation down 1% to 4%, Other Parties unchanged at 3.5% and Independents up 0.5% to 10.5%.

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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, RESERVE BANK OF AUSTRALIA

Ukraine a conflict too far for Diggers

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Original article by Ben Packham, Jacquelin Magnay
The Australian – Page: 1 & 5 : 4-Mar-25

British Prime Minister Keir Starmer has proposed to European leaders that a peacekeeping force be deployed in Ukraine as a part of a ceasefire plan in the war against Russia. However, although Australia supplied troops to the US-led ‘coalition of the willing’ in Iraq more than two decades ago, neither side of politics seems willing to commit Australian troops to a similar force in Ukraine, with a federal election only a matter of weeks away. Opposition leader Peter Dutton said on Monday that Australia should still support Ukraine in its struggle against Russia, with Dutton labelling Vladimir Putin a "murderous dictator", but he does not see the need for Australia to send troops to Ukraine, while a government spokeswoman said the deployment of Australian troops to the proposed peacekeeping force is not currently under consideration.

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Coles laments $500m in sales lost to rivals

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Original article by Eli Greenblat
The Australian – Page: 13 & 16 : 4-Mar-25

Coles’ internal analysis suggests that competition from non-grocery retailers has cost it about $400m worth of sales in categories such as personal care and household products over the last four years. It is estimated that Coles, Woolworths, Aldi and independent grocery stores have lost about $500m in sales to pharmacies, hardware stores and online-only retailers such as Temu and Amazon. Coles aims to counter this by ramping up its investment in the ‘health and home’ product category. Woolworths CEO Amanda Bardwell also recently noted that the group’s growth in sales of non-food products has been below that of previous years.

CORPORATES
COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, TEMU, AMAZON.COM INCORPORATED

Finance sector has gender balance – except the pay gap

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Original article by Helen Trinca
The Australian – Page: 15 : 4-Mar-25

The Workplace Gender Equality Agency’s latest annual report shows that women now comprise 53 per cent of workers in Australia’s banking, finance and insurance sector. However, the report notes that the gender pay gap in this sector is 22.3 per cent, compared with the national pay gap of 12.1 per cent. The average gender pay gap for the nation’s four major banks ranges from 18.8 per cent to 22.4 per cent; in contrast the average pay gap at Morgan Stanley is 58.6 per cent, although its base salary gap is just 37.3 per cent. Meanwhile, women comprise just 36 per cent of the top remuneration quartile in the financial services industry, and predominantly work in roles that have lower pay.

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AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY

Unions blast Rio as they fight for foothold in Pilbara

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Original article by Brad Thompson
The Australian – Page: Online : 4-Mar-25

Unions are seeking to establish a presence in Western Australia’s Pilbara iron ore region, and are trying to sign up workers at Rio Tinto’s Paraburdoo operations. The Western Mine Workers Alliance claims that Rio and other iron ore mining companies operating in the Pilbara are trying to discourage workers from making use of new industrial relations laws that have been introduced by the federal government, and the Alliance has accused Rio of running a scare campaign that includes telling employees that signing enterprise bargaining agreements will make mining unviable. The Alliance claims that on average that union members earn up to 30 per cent more than non-union workers, while a spokesperson for Rio said its existing approach to employee relations in the Pilbara has delivered strong growth in both wages and productivity.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Sydney nurse Sarah Abu Lebdeh charged over kill Israelis video

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Original article by Stephen Rice
The Australian – Page: Online : 26-Feb-25

NSW detectives from Strike Force Pearl have arrested former Bankstown Hospital nurse Sarah Abu Lebdeh several weeks after she and a male colleague threatened to kill Israeli patients. The 26-year-old has been charged with three commonwealth offences, including threatening violence to a group, the use of a carriage service to threaten to kill, and use of a carriage service to menace, harass or offend. Police Commissioner Karen Webb says the charges have been laid following a lot of hard work, as well as legal advice received from the Commonwealth Director of Public Prosecutions on Tuesday. Ahmad Rashad Nadir has yet to be charged over the antisemitic rant that was recorded by Israeli social media influencer Max Veifer.

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ANZ-Roy Morgan Inflation Expectations fell to 4.2% in late February – well down from 5.0% for the month of January

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Feb-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.2% for the week of 17-23 February 2025; this is down 0.8% points from the month of January, and the lowest since August 2021. However, a look at monthly Inflation Expectations for January 2025 shows the measure at 5.0% for the month – an increase of 0.2% points from December, and just above the average for last year of 4.9%. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.3% since the start of 2024 and averaged 4.9%. 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 6,086 Australians aged 14+ in January 2025.

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ROY MORGAN LIMITED