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Latest Roy Morgan Poll: Support for the Albanese Government down after discussion about changing superannuation rules while Government Confidence plunges 6.5pts to 95.5 – lowest since the Federal Election

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Feb-23

Today’s Roy Morgan Poll on Federal voting intention shows the ALP support down 2% points to 56.5% compared to the L-NP on 43.5% (up 2% points) on a two-party preferred basis. The drop in support for the Albanese Government came after Treasurer Jim Chalmers raised the prospect of changing taxation rules for those with large superannuation account balances of over $3 million. The issue of changes to superannuation was easily the largest media story last week with almost 800 media mentions during the week – about twice as many as the second-placed Mardi Gras in Sydney. In addition, the Roy Morgan Government Confidence Rating has plunged 6.5pts to 95.5 – the lowest rating since last year’s Federal Election. Now 39% of Australians (down 3.5% points) say the country is ‘going in the right direction’ compared to 43.5% (up 3% points) who say the country is ‘going in the wrong direction’. Although support for the Albanese Government took a hit the ALP is still well ahead on a two-party preferred basis and leads on primary vote: ALP 37% cf. L-NP 34.5%. Over a quarter of Australians, 28.5%, say they will vote for a minor party or independent including 13.5% for the Greens, 4% for One Nation, 8.5% for independents and 2.5% for other parties. Watch out for more details on the latest Roy Morgan Poll in today’s Market Research Update video.

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

NSW Voting Intention: ALP lead over the L-NP cut in early in 2023: ALP 52% cf. L-NP 48%

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Feb-23

The latest Roy Morgan Poll on State voting intention in New South Wales shows the ALP on 52% (down 3% points since December) ahead of the Liberal-National Coalition on 48% (up 3% points) on a two-party preferred basis. The Liberal-National Coalition gained ground on the ALP in January, with primary support increasing 1.5% points to 35%; primary support for the ALP was down 1% point to 32.5%. Not since the 2007 New South Wales Election have both major parties failed to secure a primary vote support of at least 40% in a New South Wales State Election. The support for minor parties and independents remained at a high level in January, down slightly by 0.5% points to 32.5%. Support for the Greens was down 2.5% points to 9.5% while support for One Nation increased 2% points to 6.5%. This Roy Morgan Poll on State voting intention was conducted via telephone and online surveying with 1,147 New South Wales electors aged 18+ during the month of January 2023.

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MORGAN POLL, ROY MORGAN LIMITED

Ex-RBA governor questions super aims

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Original article by David Ross
The Australian – Page: 4 : 22-Feb-23

Former Reserve Bank of Australia governor Bernie Fraser says the federal government’s legislated objective for superannuation should include allowing people to use part of their accumulated savings to buy a home. The government’s draft purpose statement for super says amongst other things that it should "preserve savings to deliver income for a dignified retirement". Fraser contends that there is no more comforting thought for Australians than knowing that they will have somewhere to live when they retire. He has also questioned the government’s proposal to allow super funds to invest in social projects, noting that they tend to have low returns.

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ANZ-Roy Morgan Consumer Confidence recovers slightly, up 2.3pts to 80.4

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Feb-23

ANZ-Roy Morgan Consumer Confidence rose 2.3pts to 80.4 in the week to 19 February. However, Consumer Confidence is still 21.4pts below the same week a year ago (101.8) and 3.9pts below the 2023 weekly average of 84.3. Consumer Confidence was up in all five mainland States and above 80 in Victoria, Western Australia and South Australia, but under 80 in New South Wales and Queensland. Now 22% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 47% (down 2ppts) say their families are ‘worse off’ financially. Some 30% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 34% (down 1ppt) expect to be ‘worse off’ financially. Only 6% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 37% (down 4ppts) expect ‘bad times’. Meanwhile, 20% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 51% (down 3ppts) say now is a ‘bad time to buy’.

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

Inflation Expectations dropped 0.7% points to 5.3% in January 2023 – the largest monthly fall on record

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Feb-23

In January 2023, Australians expected inflation of 5.3% annually over the next two years, down 0.7% points from December 2022. This is the largest monthly fall on record for Inflation Expectations and the largest two-month fall (-1.2% points). The early indications in February are that the decline in Inflation Expectations seen in January 2023 has continued, with the latest weekly reading falling to only 5.1%. A look at Inflation Expectations on a State-based level shows that the decline in Inflation Expectations was nation-wide in January; Inflation Expectations are now highest in Victoria at 5.5% (down 0.4% points from a month ago), Queensland at 5.5% (down 0.8% points) and South Australia at 5.5% (down 0.9% points). Looking at the Country/City divide shows large falls for each with Inflation Expectations in Country Areas at 5.8% (down 0.8% points on a month ago), still far higher than in Capital Cities at 5.1% (down 0.6% points). The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source which has interviewed an average of around 4,900 Australians aged 14+ per month over the last decade and includes interviews with 5,984 Australians aged 14+ in January 2023.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Busier-than-ever ASIO cracks hive of spies and other plots

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Original article by Andrew Tillett
The Australian Financial Review – Page: 2 : 22-Feb-23

ASIO director-general Mike Burgess has used his annual threat assessment to warn that espionage and foreign interference are now the intelligence agency’s main security concerns. He said this has resulted in ASIO being busier now than at any time in its history, with Australians being targeted by foreign espionage agencies more than ever before. Burgess also warned that defence contractors in particular are being targeted in the wake of the AUKUS deal to acquire nuclear-powered submarines, and a "small but concerning number" of veterans have been willing to sell military secrets and expertise to foreign governments. Burgess has revealed that ASIO has uncovered and deported members of a "hive" of highly-trained foreign spies.

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AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION

Whatever it takes on Defence: PM

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Original article by Geoff Chambers
The Australian – Page: 1 & 2 : 22-Feb-23

Prime Minister Anthony Albanese will emphasise the importance of the AUKUS alliance in a major national security speech on Wednesday. He will stress that the alliance extends beyond nuclear submarines and technological interoperability, contending that it presents a "whole-of-nation" opportunity for new jobs, industries and expertise in sectors such as science and technology. Albanese will also state that the federal government will ensure that Australia’s defence forces have the resources that are needed to defend the nation and deter potential aggressors.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Chinese-made cameras found in 88 MPs’ offices

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Original article by Ellen Whinnett
The Australian – Page: 4 : 15-Feb-23

Attorney-General Mark Dreyfus has sought security advice on a potential government-wide ban on surveillance cameras made by Hikvision and Dahua, which are both partly owned by the Chinese Communist Party. An audit has found that up to 1,000 cameras and other devices may have been installed across 250 federal government sites. This includes 122 devices that have been installed in the electorate offices of 88 federal MPs and senators. A Department of Finance spokesman has advised that Chinese-made surveillance cameras in electorate offices are being replaced as a precautionary measure.

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AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIA. DEPT OF FINANCE, COMMUNIST PARTY (CHINA), HIKVISION, DAHUA

Massive NBN bonuses under scrutiny

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Original article by Matthew Elmas
The New Daily – Page: Online : 15-Feb-23

NBNCo’s annual reports show that its executives have received bonuses totalling $5.7m since 2020, including about $1.5m in 2021-22. The issue was raised during a Senate estimates hearing on Tuesday. Assistant Minister for Infrastructure Carol Brown said that bonuses for executives of government-owned entities should be linked to performance, and taxpayers’ money should be "well spent". She added that the bonuses for NBNCo executives do not align with community expectations; Greens senator Sarah Hanson-Young has expressed a similar view.

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NBN CO LIMITED, AUSTRALIAN GREENS

Defence review trigger pulled

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Original article by Ben Packham
The Australian – Page: 1 & 4 : 15-Feb-23

The federal government will consider the final report of the Defence Strategic Review in coming weeks, after receiving it on Tuesday. Amongst other things, former defence chief Angus Houston and ex-defence minister Stephen Smith are believed to have recommended investing in military drones, unmanned submarines and warships that are equipped with guided missiles. Prime Minister Anthony Albanese says the review will "underpin defence policy for decades to come". He adds that the report has been delivered against the backdrop of the most complex strategic landscape that Australia has faced since the end of the Second World War.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET