Author: roymorgansocial

PM targets red tape, IR reform

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Original article by Andrew Tillett
The Australian Financial Review – Page: 1 & 4 : 24-Jun-19

Prime Minister Scott Morrison will use a speech on 24 June to signal that the federal government may be open to industrial relations reform. He will stress that any such reforms must be evidence-based and protect the rights and entitlements of workers, and he will urge the business sector to build a case for workplace reforms. Morrison will also commit to a review of regulatory and bureaucratic processes that deter companies from investing in their business, while he will identify changes to the vocational training sector as a priority for the Council of Australian Governments.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS, CHAMBER OF COMMERCE AND INDUSTRY OF WESTERN AUSTRALIA (INCORPORATED)

Super system far too complex

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Original article by Adam Creighton
The Australian – Page: 17 & 20 : 24-Jun-19

Nobel Prize-winning economists Eugene Fama and Richard Thaler contend that Australia’s superannuation system has too many investment options and that its fees are too high. Fama says low-fee passive funds should be the default option in a system that is government-mandated, while Thaler says lower fees should be achievable through competitive bidding. Treasurer Josh Frydenberg recently announced a new review of the $2.8 trillion superannuation sector.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIA. PRODUCTIVITY COMMISSION, RAINMAKER INFORMATION SERVICES PTY LTD

Quality of engagement for catalogues stands apart from other channels

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-19

New research from Roy Morgan shows that 13,436,000 Australians aged 14+ read store catalogues in the March 2019 quarter, and 31% of them read catalogues cover-to-cover. Analysis by generation shows Millennials to be the largest readers of catalogues, numbering over 3.2 million. More than 3.16 million Baby Boomers read catalogues followed by just under 3.16 million members of Generation X. Meanwhile, 35% of Australian catalogue readers have shared hard-copy catalogues with friends, family or neighbours, while 41% have shared catalogues ‘digitally’ by emailing or texting a picture of a product seen in a catalogue to a friend or family member. The research also shows that 47% of catalogue readers have made a special trip to a store to buy a product after seeing it in a catalogue, while 53% of catalogue readers find catalogues more useful than other forms of advertising.

CORPORATES
ROY MORGAN LIMITED

Harris Scarfe highest for discount department store satisfaction

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-19

New research from Roy Morgan shows that Harris Scarfe is Australia’s leading discount department store, with a customer satisfaction rating of 90.1%, ahead of Kmart on 88.9% and Best & Less on 88.7%. The biggest improvement over the year to April came from Harris Scarfe (up 6.9% points). The other improvers were Best & Less (up 4.1% points), Big W (up 2.1% points), Costco (up 1.5% points) and Kmart (up 0.8% points). These are the latest results from Roy Morgan’s Discount Department Store Satisfaction Report, which is based on in-depth personal interviews conducted face-to-face with over 50,000 Australians per annum in their own homes, including over 9,000 interviews with people who shop at a discount department store in an average four weeks.

CORPORATES
ROY MORGAN LIMITED, HARRIS SCARFE HOLDINGS LIMITED, KMART AUSTRALIA LIMITED, BEST AND LESS PTY LTD, BIG W DISCOUNT STORES, COSTCO WHOLESALE AUSTRALIA PTY LTD

RAA leads general insurance satisfaction

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-19

The latest Roy Morgan General Insurance Satisfaction report shows that 78.7% of Australians aged 14+ were satisfied with their general insurer in April 2019, down 0.1% from the same time in 2018. RAA now has the highest customer satisfaction level within the general insurance industry, at 91.1%. It is followed by RACT (90.8%), WFI (89.7%), RAC (89.4%) and Shannons (87.9%), all well above the industry average of 78.7%. The report is based on in-depth interviews conducted face-to-face with over 50,000 consumers per annum in their homes, including over 39,000 with general insurance.

CORPORATES
ROY MORGAN LIMITED, RAA INSURANCE LIMITED, RACT INSURANCE PTY LTD, WFI INSURANCE, RAC INSURANCE PTY LTD, SHANNONS

Minister cans visit after waste rebuff

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Original article by Amanda Hodge
The Australian – Page: 8 : 20-Jun-19

The future of Lynas Corporation’s rare earths processing plant in Malaysia remains uncertain after the nation’s Environment Minister Yeo Bee cancelled a trip to Australia. Yeo was scheduled to meet federal Environment Minister Sussan Ley on 19 June and Western Australian Mines Minister Bill Johnston on 20 June. Yeo advised that her visit would not proceed after Johnston indicated that the talks would be a waste of time as WA will not allow Lynas’s low-level radioactive waste to be imported from Malaysia. Ley is also of the view that disposal of the waste material is Malaysia’s responsibility.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, MALAYSIA. DEPT OF ENVIRONMENT, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, WESTERN AUSTRALIA. DEPT OF MINES, INDUSTRY REGULATION AND SAFETY

Tax cuts necessary if Shorten won: PBO

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Original article by Michael Roddan
The Australian – Page: 4 : 20-Jun-19

The Parliamentary Budget Office’s review of federal election commitments shows that Labor’s policies would have cost about $17.3bn. In contrast, the Coalition’s election promises would have cost just $100m, as most of its spending commitments were outlined in the Budget prior to the election. The review also suggests that a Labor government would have had to cut income taxes by about $210bn over the next decade to avoid breaching its target of maintaining a tax-to-GDP ratio of 24.3 per cent.

CORPORATES
AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, CENTRE ALLIANCE, MORGANS FINANCIAL LIMITED, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY

National bosses side with Setka, snub ACTU

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Original article by Ewin Hannan
The Australian – Page: 4 : 20-Jun-19

The Construction, Forestry, Maritime, Mining & Energy Union has backed embattled Victorian state secretary John Setka. The union has released a joint statement by its construction division’s national secretary Dave Noonan and president Jade Ingham, in which they state that Setka has the full support of the CFMMEU’s construction and general division. They also stated that Setka had not denigrated anti-domestic violence campaigner Rosie Batty during a meeting of the union’s national executive. The ACTU maintains that Setka must resign.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, ACTU, ELECTRICAL TRADES UNION, AUSTRALIAN LABOR PARTY

Fuel rule boost for Australian iron ore

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Original article by Matthew Stevens
The Australian Financial Review – Page: 30 : 20-Jun-19

The sulphur emissions of shipping fleets must be reduced by 80 per cent under the International Maritime Organisation’s rules that take effect on 1 January. BHP expects the new rules to give Australian iron ore producers a competitive advantage over their Brazilian rivals. It estimates that the cost of retro-fitting bulk cargo ships and higher fuel costs will increase the cost of shipping iron ore from the Pilbara to China by $US2-$US3 per tonne. In contrast, BHP expects Brazilian miners to incur increased costs of between $US3 to $US5 a tonne.

CORPORATES
BHP GROUP LIMITED – ASX BHP, INTERNATIONAL MARITIME ORGANISATION, VALE SA, WOODSIDE PETROLEUM LIMITED – ASX WPL, WOOD MACKENZIE

Canberra puts its foot on the gas

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Original article by Nick Evans, Paul Garvey
The Australian – Page: 17 & 28 : 20-Jun-19

The federal government will put pressure on Woodside Petroleum and its Browse LNG joint venture partners to commit to developing the gas project. The current retention lease expires in mid-2020, and Resources Minister Matt Canavan has warned that the Browse partners risk losing the licence if they cannot demonstrate that they are ready to make a final investment decision. Fortescue Metals Group is among the companies that could potentially take up the Browse lease if Woodside and its partners are forced to relinquish it.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROYAL DUTCH SHELL PLC, BP PLC, PETROCHINA COMPANY LIMITED