Victoria’s major parties both lose support to minor parties although ALP would still win easily; while Premier Daniel Andrews’ job approval is still high at 60.5% but over 10% points lower than a year ago

Original article by Roy Morgan
Market Research Update – Page: Online : 11-Nov-21

A Victorian Roy Morgan Poll on State voting intention shows primary support is down for both the ALP State Government on 43% (down 2% points from November 2020) and the Liberal-National Opposition on 31% (down 3.5% points); while support for the Greens is unchanged on 11%. The beneficiaries are the minor parties and independents – now attracting the support of 15% of electors – up 5.5% points. Minor party support is highest for Clive Palmer’s United Australia Party on 3%, Derryn Hinch’s Justice Party is on 2%, while 3.5% support other parties and 6.5% support Independents. Despite the drift in support to minor parties the ALP still holds a strong two-party preferred lead: ALP 58% cf. L-NP 42%. However, Premier Daniel Andrews’ job approval is now at 60.5%, down a large 10.5% points from November 2020 when approval for the Premier hit a record high after the end of Victoria’s long second lockdown, and disapproval is 39.5%. Detailed analysis of results shows significant gender and age differences on voting intentions and sentiment towards Premier Andrews. Full details and key demographic breakdowns will be released later today. This Roy Morgan Poll surveyed yesterday (Wednesday) a cross section of 1,357 Victorian electors.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF VICTORIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, UNITED AUSTRALIA PARTY, JUSTICE PARTY, VICTORIA. DEPT OF PREMIER AND CABINET

ANZ-Roy Morgan Consumer Confidence continued to slowly increase this week but there were divergent moves in re-opened Sydney and Melbourne

Original article by Gary Morgan, Michele Levine, Julian McCrann
Market Research Update – Page: Online : 11-Nov-21

ANZ-Roy Morgan Consumer Confidence is now at 109.0 and has increased in 11 of the last 13 weeks since hitting a ‘Delta-wave’ low of 98.6 on August 7/8, 2021. That low was the week Victoria entered its record sixth lockdown, and Consumer Confidence has since increased by 10.4pts (+10.5%). We have been asked about the moves in Consumer Confidence in the key cities of Sydney and Melbourne which this week were in different directions. Consumer Confidence in Sydney increased by 4.4pts (+4.1%) to 112.8 as restrictions in the city continued to ease. Consumer Confidence in Sydney has now increased for two straight weeks. In contrast, Consumer Confidence in Melbourne was down 5pts (-4.4%) to 107.6. This decline reverses the similarly sized increase of 5.4pts (+5.0%) a week earlier. There were several likely drivers of this decline in Melbourne during the past week. There were large protests outside the Victorian Parliament against the proposed pandemic legislation which would give the Premier the power to declare a pandemic indefinitely, as well as the mandatory vaccinations being ordered by the Government. The State Government has also been in the spotlight over the last week as the Independent Broad-based Anti-corruption Commission investigates allegations of misuse of public funds to engage in ‘branch stacking’.

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

‘Existential crisis’: United States and China stun COP26 with joint climate change pact

Original article by Nick O’Malley, Bevan Shields
The Sydney Morning Herald – Page: Online : 11-Nov-21

The COP26 climate summit in Glasgow has received a major boost after the US and China issued a joint statement in which they committed to "concrete and pragmatic" co-operation to address the issue of climate change. They declared climate change to be an "existential crisis" that requires them to work together. China’s climate envoy Xie Zhenhua stressed the need to actively address climate change for the benefit of both nations and the entire world. US climate envoy John Kerry has described the joint declaration as a "roadmap" for the nations’ present and future collaboration on climate change.

CORPORATES

ALP (53.5%) lead over the L-NP (46.5%) cut slightly as PM Scott Morrison attends G20 & COP26 meetings

Original article by Roy Morgan
Market Research Update – Page: Online : 11-Nov-21

The latest Roy Morgan Poll on Federal voting intention shows that support for the ALP is now 53.5% (down 0.5% points since late October), cf. the L-NP on 46.5% (up 0.5% points) on a two-party preferred basis. The small swing to the L-NP came while Prime Minister Scott Morrison attended the Group of 20 summit in Rome and the COP26 climate summit in Glasgow. If a Federal Election were held now the ALP would be elected with a similar margin to that won by John Howard at the 1996 Federal Election (ALP 53.6% cf. L-NP 46.4%). Primary support for the L-NP was unchanged at 36.5% in early November and is still ahead of the ALP, which was also unchanged at 35%. Support for the Greens dropped by 2% points to 11.5 and support for One Nation was down 0.5% points to 3%, but support for Independents/Others rose 2.5% points to 14%. Meanwhile, the Roy Morgan Government Confidence Rating has dropped by 2.5ps to 95.5 in early November. Now 40% (down 1% point) of Australians say the country is ‘heading in the right direction’, while 44.5% (up 1.5% points) say the country is ‘heading in the wrong direction’. This Roy Morgan Poll on Federal voting intention and Government Confidence was conducted via telephone and online interviewing over the last two weekends. Roy Morgan interviewed 2,723 Australian electors aged 18+ on the weekends of October 30/31 and November 6/7.

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

PM drives $1bn tech fund

Original article by Geoff Chambers
The Australian – Page: 1 & 7 : 10-Nov-21

The federal government will establish a low-emissions technology commercialisation fund as part of its push for carbon neutrality by 2050. The $1bn fund will investment in Australian start-ups and businesses that are focused on emerging technologies such as carbon capture and storage. The government will contribute $500m to the fund, and it will seek a matching contribution from the private sector. Prime Minister Scott Morrison has also launched a new strategy aimed at encouraging Australians to buy electric vehicles; he had criticised Labor’s proposed target for annual electric car sales during the 2019 election campaign.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Global tax avoidance operation nets $5.2b

Original article by Tom McIlroy
The Australian Financial Review – Page: 9 : 10-Nov-21

The Tax Inspectors Without Borders program has collected $US3.9bn ($5.2bn) globally in its crackdown on tax evasion and avoidance. This includes nearly $US1bn ($1.35bn) in tax revenue in Africa and almost $US300m ($405m) across Asia. The joint initiative of the OECD and the United Nations is focused on tax avoidance in developing countries. The Australian Taxation Office’s own tax avoidance task force raised $3.03bn in tax liabilities and almost $1.3bn in cash collections in 2020-21, while it is estimated that the introduction of a global 15 per cent minimum company tax rate could boost Australia’s tax revenue by up to $3bn a year.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNITED NATIONS, AUSTRALIAN TAXATION OFFICE

Movement in the Adelaide CBD is at 81% of pre-pandemic levels, well ahead of Sydney CBD (33%) and Melbourne CBD (27%)

Original article by Roy Morgan
Market Research Update – Page: Online : 10-Nov-21

A special analysis of movement data in Australia’s Capital City CBDs since the COVID-19 pandemic began shows that the Adelaide CBD is leading the way with movement at 81% of pre-pandemic levels, well ahead of all other cities, as South Australia prepares to re-open its borders in two weeks’ time. The 7-day movement level in the Adelaide CBD has averaged 66% of pre-pandemic levels since COVID-19 was declared a pandemic in mid-March 2020 – higher than any other Australian Capital City. In comparison, the average 7-day movement levels in the larger cities of Sydney and Melbourne remain well below pre-pandemic levels after both cities recently emerged from long lockdowns during October. The average 7-day movement level in the Sydney CBD was at 33% of pre-pandemic levels and movement was even lower, at only 27% of pre-pandemic levels, in the Melbourne CBD. The average 7-day movement levels in the Hobart CBD have bounced back following the short and sharp three-day lockdown in southern Tasmania during mid-October and are now at 61% of pre-pandemic levels. Also performing well are the Capital Cities of two States that are yet to fully re-open to domestic travellers. The movement levels in the Perth CBD are now at 72% of pre-pandemic levels, while movement levels in the Brisbane CBD are at 65% of pre-pandemic levels. Roy Morgan has partnered with leading technology innovator UberMedia to aggregate data from tens of thousands of mobile devices to assess the movements of Australians as we deal with the restrictions imposed in response to the COVID-19 pandemic.

CORPORATES
ROY MORGAN LIMITED, UBERMEDIA

Global COVID-19 cases pass grim milestone of 250 million

Original article by
9 News – Page: Online : 10-Nov-21

Data from Johns Hopkins University shows that more than 250 million people worldwide have been diagnosed with COVID-19 since the coronavirus was declared a pandemic in March 2020. It took about eight months for the milestone of 50 million cases to be reached, but the number of new cases has since increased by the same amount approximately every three months. Average daily case numbers have steadily fallen since peaking at 826,000 in late April, although case numbers have been rising in recent weeks. The global death toll from COVID-19 exceeds five million, while about 3.1 billion people are now fully vaccinated.

CORPORATES
JOHN HOPKINS UNIVERSITY

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 109.0 in the first week of November

Original article by Roy Morgan
Market Research Update – Page: Online : 10-Nov-21

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 109.0 on 6/7 November; it is now is just above the 2021 weekly average of 108.3, and 5.9 points higher than the same week a year ago (103.1). Consumer Confidence was up in Sydney, Perth and Adelaide, but down slightly in Melbourne and Brisbane. Now 31% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 26% (up 1ppt) say their families are ‘worse off’ financially. In addition, 40% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 15% (down 1ppt) expect to be ‘worse off’ financially. Some 19% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 19% (unchanged) expect ‘bad times’. Meanwhile, 40% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 28% (unchanged) say now is a ‘bad time to buy’.

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

Women in construction still battling glass ceilings

Original article by Ewin Hannan
The Australian – Page: 4 : 8-Nov-21

A survey of male and female construction workers by recruitment and human resources firm Randstad found that females believe that there are many barriers to them entering the sector, including workplace culture and a lack of gender diversity. The survey revealed that the level of discrimination reported by female construction workers has fallen in the last two years; the most common form of discrimination they experienced was inappropriate comments or behaviour from male colleagues.

CORPORATES
RANDSTAD RECRUITMENT PTY LTD