O75 Public Administration

ALP snubs Greens, unions on teen super

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Original article by Thomas Henry, Matthew Cranston
The Australian – Page: 4 : 1-Jul-26

The Greens have moved to block a provision in payday superannuation laws that exempt businesses from making super contributions to employees under the age of 18 who work for less than 30 hours per week. However, the Senate has agreed to delay parliamentary debate on the disallowance motion, which has the support of unions and super funds. The ACTU’s assistant secretary Joseph Mitchell says it is unfair that young workers are not paid super on their wages, contending that doing so could boost their super balance by thousands of dollars when they retire. Business Council of Australia CEO Bran Black opposes the motion, arguing the need for measures that make it easier rather than harder to employ people.

CORPORATES
AUSTRALIAN GREENS, ACTU, BUSINESS COUNCIL OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence up 3.1pts to 75.9 driven by more people expecting their finances to be better off next year

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-Jul-26

ANZ-Roy Morgan Consumer Confidence rose 2.1pts to 72.8 in in the week to 28 June, its highest rating since early March. Consumer Confidence is still 10.5pts lower than a year ago (87.2), but 4.5pts above the 2026 weekly average of 71.4. Analysis by State shows that Consumer Confidence increased in New South Wales, Victoria, Queensland and Western Australia, but was down slightly in South Australia. Now 17% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 52% (down 1ppt) say their families are ‘worse off’. Looking forward, 24% (up 2ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 39% (down 4 ppts) expect to be ‘worse off’. Only 6% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 35% (down 7ppts) expect ‘bad times’. Meanwhile, 19% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 43% (up 1ppt) say now is a ‘bad time to buy’.

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

Bowen’s world COP goals

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Original article by Greg Brown
The Australian – Page: 1 & 4 : 1-Jul-26

Climate Change and Energy Minister Chris Bowen says his co-presidency of the COP31 climate summit in November will have positive economic benefits for Australia. Bowen concedes that he does not expect the summit in Turkey to result in "massive breakthroughs" on global climate action, contending that there will be a "more iterative" step forward on the issue compared with landmark ones such as COP21 in Paris. Bowen has also indicated that a push to curb coal and gas exports will not be on the agenda for COP during his joint presidency. Taxpayers are facing a bill of more than $500m in travel costs for Bowen and his team of more than 100 bureaucrats ahead of the summit.

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AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER

Australians hold some of the least favourable views of US, Trump

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Original article by Michael Koziol
The Sydney Morning Herald – Page: Online : 24-Jun-26

A global survey undertaken by the Pew Research Centre has found that 76 per cent of Australians now have an unfavourable opinion of the US. Other countries that have an unfavourable view of the US include France (70 of respondents), Canada (66 per cent) and the UK (58 per cent). Meanwhile, just 37 per cent of Australians now rate the US as a reliable partner, compared with 79 per cent in 2022, while 82 per cent of Australians said they have no confidence in President Donald Trump to do the right thing in world affairs. The researchers note that most of the interviews in 36 countries were conducted after the Iran war began on 28 February.

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PEW RESEARCH CENTER FOR THE PEOPLE AND THE PRESS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Break their funding: McKenzie calls for penalties on universities that teach white guilt

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Original article by David Crowe
The Age – Page: Online : 24-Jun-26

National Party senator Bridget McKenzie has used a speech in London to argue that social factors – including respect for ‘Australian values’ – should be a key criteria in determining the migrant intake. McKenzie said that Australia has become "addicted" to immigration, and she argued that this carries a social cost if it does not deliver a fair outcome for families. She contended that Australia needs to curb the number of fee-paying international students, given their growing share of the nation’s population. McKenzie also called for an overhaul of the funding model for universities, particularly ones that teach students doctrines such as ‘white guilt’ and ‘climate catastrophe’. McKenzie is a former maths teacher and university lecturer.

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NATIONAL PARTY OF AUSTRALIA

Labor-Greens deal clips the wings of SMSFs

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Original article by Anthony Keane, Noah Yim, Cliona O’Dowd
The Australian – Page: 4 : 24-Jun-26

Treasurer Jim Chalmers estimates that changes to the rules governing the purchase of residential properties via self-managed superannuation funds will boost government revenue by about $50m over four years. Labor has agreed to scrap the limited recourse borrowing arrangements for SMSFs in return for the Greens’ support for its budget tax reform legislation in the Senate; Chalmers contends that this will only affect "a very small part" of the housing market. However, economists and financial advisers contend that the changes will make SMSFs less attractive and result in fewer new ones being established, while boosting demand for industry super funds.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN GREENS

ANZ-Roy Morgan Inflation Expectations were at 5.8% in late June – down 0.5% points from the month of May

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-26

The weekly ANZ-Roy Morgan Inflation Expectations declined sharply in the month of May 2026, and have continued this downward trend so far during June; Inflation Expectations are at 5.8% for the week of 15-21 June, down 0.5% points from the month of May. The latest weekly reading is now below the average for Inflation Expectations over the first 24 weeks of 2026 of 6.1%. A look at monthly Inflation Expectations for May shows the measure at 6.3% for the month – down 0.7% points from the prior month of April, returning to its level in March (also 6.3%). Inflation Expectations spiked to a record weekly high of 7.3% (23-29 March) and record monthly high of 7% for April, following the US and Israel attack on Iran, but have dropped significantly over the last two months as a ceasefire was called. 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 4,104 Australians aged 14+ in May 2026.

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

ANZ-Roy Morgan Consumer Confidence up 2.1pts to 72.8 driven by more people saying good time to buy major household items

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-26

ANZ-Roy Morgan Consumer Confidence rose 2.1pts to 72.8 in in the week to 21 June, its highest rating since early March. Consumer Confidence is still 13.9pts lower than a year ago (86.7), but 1.6pts above the 2026 weekly average of 71.2. Analysis by State shows that Consumer Confidence increased in New South Wales, Queensland, and Western Australia, was unchanged in South Australia, and down in Victoria. Now just 16% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (down 1ppt) say their families are ‘worse off’. Looking forward, 22% (up 1ppt) of respondents expect their family to be ‘better off’ financially this time next year, while 43% (unchanged) expect to be ‘worse off’. Only 6% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 42% (down 4ppts) expect ‘bad times’. Meanwhile, 22% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 42% (down 2ppts) say now is a ‘bad time to buy’.

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

New One Nation MP David Farley sides with teals and Greens

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Original article by Brittany Busch, Nick Newling
The Sydney Morning Herald – Page: Online : 24-Jun-26

The House of Representatives has voted against an amendment to the fuel tax credit scheme that was proposed by independent MP Nicolette Boele. She sought to cap the annual rebate for mining companies at $50m and an "orderly phase-out" of fuels that are eligible under the scheme. The amendment was supported by the Greens, Teal MPs and One Nation’s recently-elected MP for Farrer, David Farley; however, both Labor and the Coalition voted against it. Meanwhile, Farley has responded to comments made by One Nation leader Pauline Hanson on the need for Australia to be a "monoculture". He contended that the nation is multicultured, multiracial and multifaith; however, he agreed that migrants must "blend in" by "acting Australian".

CORPORATES
ONE NATION PARTY, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Labor predicts budget backlash will fade

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 24-Jun-26

The federal government has secured the Greens’ support for its capital gains tax and negative gearing reforms in the Senate, in return for several concessions. Self-managed superannuation funds will be banned from borrowing to buy residential properties, while the government has agreed to extend a Senate inquiry into its National Disability Insurance Scheme reform bill for eight weeks; delaying the passage of the NDIS legislation until mid-August is expected to cost the budget hundreds of millions of dollars, given that the reforms were intended to start on 1 July. Finance Minister Katy Gallagher believes that the general public’s concerns about the tax reforms will quickly abate.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIA. DEPT OF FINANCE