Albanese accuses China of dangerous, unsafe and unprofessional behaviour in naval ship altercation

Original article by Josh Butler, Amy Hawkins
The Guardian Australia – Page: Online : 21-Nov-23

Prime Minister Anthony Albanese has responded to revelations that divers from the HMAS Toowoomba were injured by a sonar pulse from a Chinese warship in international waters last week. Albanese has criticised the Chinese vessel’s conduct, and stated that the federal government had made strong objections to China regarding the incident. However, Albanese has declined to comment on whether he raised the issue with Chinese President Xi Jinping at the recent APEC summit in San Francisco. Kevin Rudd, Australia’s ambassador to the US, says it is longstanding practice not to comment on the content of conversations between leaders.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Liberal 21.6% vote (up 4.4%) in Victoria’s Mulgrave State by-election is too low to indicate Victorians have changed their allegiance with Labor

Original article by Gary Morgan, Michele Levine, Julian McCrann
Market Research Update – Page: Online : 21-Nov-23

The Victorian ALP won the State by-election in Mulgrave easily on the weekend after Liberal Party candidate Courtney Mann managed to gain only a 4.4% swing on primary votes compared to last year’s State Election result. In addition, independent candidate Ian Cook gained only a small primary vote swing of 0.9% while there were also gains for several other minor party and independent candidates. On a two-party preferred basis, the swing away from the ALP was only 4.6%. ALP candidate Eden Foster secured 56.2% of the two-party preferred vote compared to 43.8% for Independent candidate Ian Cook. A yet to be calculated preference distribution between the Liberal and ALP candidates is likely to show a similar result between the two major parties. (The Poll Bludger has estimated the two-party preferred result between the two major parties will be ALP: 56.5% cf. LIB 43.5% – a swing of only 3.7% to the Liberals). Although Liberal Leader John Pesutto claimed on the night that the result "sent Victorian Premier Jacinta Allan a strong message" in fact the result underlined how far in front the ALP Government is. History shows that by-elections generally provide a strong swing to the Opposition, and particularly when a popular local member – like former Premier Daniel Andrews – resigns and is replaced.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF VICTORIA

Roy Morgan Poll on Federal voting intention shows third straight weekly decline for the ALP Government: ALP 49.5% cf. L-NP 50.5%

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Nov-23

The Coalition on 50.5% (up 0.5% from a week ago) now leads the ALP on 49.5% (down 0.5%) on a two-party preferred basis, according to the latest Roy Morgan Poll on Federal voting intention conducted over the last week. The result matches the low-point the Albanese Government reached immediately after the defeat of ‘The Voice’ referendum in mid-October and is the third straight week of declines for the Government. On primary vote the Coalition is now on 37.5%, up 1% from a week ago, and clearly ahead of the ALP on 29.5%, down 0.5%. The Greens are on 13.5%, up 0.5%, and One Nation is on 6.5%, up 0.5%. There has been a loss of support for both Independents on 7%, down 1% and Other Parties on 6%, down 0.5%. The latest Roy Morgan Poll is based on interviewing a representative cross-section of 1,401 Australian electors from November 13-19, 2023. For further details watch Roy Morgan’s weekly Market Research Update video presented by Roy Morgan CEO Michele Levine on Tuesday afternoon.

CORPORATES
ROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Deeming vows to sue Liberal leader Pesutto for defamation after mediation fails

Original article by Annika Smethurst
The Age – Page: Online : 21-Nov-23

Victorian MP Moira Deeming says the allegedly defamatory comments made by state Liberal leader John Pesutto have caused enormous harm to her family "personally, financially and reputationally". Deeming adds that she was left with no option but to pursue a defamation case against Pesutto after mediation talks broken down on Sunday. Deeming was suspended and subsequently expelled from the Liberal partyroom after she addressed a Let Women Speak rally that was gatecrashed by neo-Nazis. Pesutto has denied that he had compared Deeming to a Nazi sympathiser, and says he will vigorously defend the legal action. Deeming has in turn rejected suggestions that she is seeking $1m from Pesutto.

CORPORATES
LIBERAL PARTY OF VICTORIA

ANZ-Roy Morgan Consumer Confidence plunges 3.5pts to 74.3 – after the RBA raises interest rates to 12-year high of 4.35%

Original article by Roy Morgan
Market Research Update – Page: Online : 15-Nov-23

ANZ-Roy Morgan Consumer Confidence fell 3.5pts to 74.3 in the week to 12 November. Consumer Confidence is at its lowest since mid-July 2023 and has spent a record 41 straight weeks below the mark of 85. Consumer Confidence is now 6.5pts below the same week a year ago (80.8), and it is now clearly below the 2023 weekly average of 78.0. Consumer Confidence was down in NSW, Victoria, Queensland and South Australia, but up slightly against the trend in Western Australia – essentially a reverse of last week. Now 20% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 54% (up 2ppts) say their families are ‘worse off’ financially. Only 7% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 40% (up 2ppts) expect ‘bad times’. Meanwhile, 18% (down 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 55% (up 4ppts) say now is a ‘bad time to buy’.

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

Roy Morgan Business Confidence up 3.3pts to 90.4 in October – before the RBA raised interest rates again to 4.35%

Original article by Roy Morgan
Market Research Update – Page: Online : 15-Nov-23

In October 2023, Roy Morgan Business Confidence was 90.4 (up 3.3pts since September). Business Confidence has now spent a record nine consecutive months below the neutral level of 100, the longest stretch in negative territory in the history of the index dating back over a decade to 2010. Business Confidence is now 21.1pts below the long-term average of 111. A majority of businesses are worried about the performance of the Australian economy, with 56.5% expecting ‘bad times’ for the economy over the next year, while 58.2% expect ‘bad times’ for the economy over the next five years. Nevertheless, businesses remain relatively positive about their own prospects over the next year, with 40.1% saying they will be ‘better off’ financially this time next year, compared to only 29.2% that say they will be ‘worse off’ – a positive net rating of 10.9% points and the only index in positive territory.

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ROY MORGAN LIMITED

AUKUS deal a target for hackers: spy agency

Original article by Ben Packham
The Australian – Page: 2 : 15-Nov-23

The Australian Signals Directorate has advised that it was notified of some 94,000 cyber crimes during 2022-23, which is 23 per cent higher than the previous financial year. The ASD responded to 1,100 of the most serious incidents, including three that extensive compromised government or critical infrastructure systems. The ASD has also warned that the AUKUS nuclear-powered submarine alliance is likely to make the defence sector a key target for state-sponsored hackers.

CORPORATES
AUSTRALIAN SIGNALS DIRECTORATE

Foreign investment urgent for critical minerals: King

Original article by Tom McIlroy
The Australian Financial Review – Page: 6 : 15-Nov-23

Resources Minister Madeleine King will use a speech at a rare earth conference to emphasis the strategic importance of Australia’s critical minerals to global supply chains and the energy transition. She will also stress the need for foreign investment in the nation’s rare earths and critical minerals sector. The federal government recently announced plans to increase funding for its Critical Minerals Facility to $4bn, as part of its strategy to reduce global reliance on China for minerals such as lithium and cobalt.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES

Israel using a non-existing right, says UN

Original article by Jess Malcolm, Joe Kelly
The Australian – Page: 5 : 15-Nov-23

The United Nations’ Special Rapporteur for the Palestinian territories, Francesca Albanese, addressed the National Press Club in Canberra on Tuesday. She contended that Israel has no right to self-defence in retaliation for the 7 October terrorist attacks because Hamas is an "armed group" within Israeli-occupied territory rather than another state. Albanese also accused Israel of committing war crimes in Gaza and said that Western countries such as Australia are "almost completely paralysed" in response to the war.

CORPORATES
UNITED NATIONS, NATIONAL PRESS CLUB (AUSTRALIA)

One sector pays more tax than all the rest combined

Original article by Tom McIlroy
The Australian Financial Review – Page: 3 : 9-Nov-23

Data from the Australian Taxation Office shows that the federal government’s corporate tax receipts exceeded $83bn in 2021-22, compared with $68.2bn in the previous financial year. Companies in the mining, energy and water sector paid a total of $42.2bn in income tax for the year. ATO Deputy Commissioner Rebecca Saint says fiscal 2022 was the first year in which these sectors paid more tax than all other sectors combined. The ATO’s annual corporate tax transparency report also shows that 31 per cent of all companies paid no income tax for the financial year.

CORPORATES
AUSTRALIAN TAXATION OFFICE