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

Labor mulls broader emissions safeguard

Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 8-Nov-21

Labor is still working on its climate policy in the lead-up to the next federal election, with shadow climate change minister Chris Bowen confirming that it will not include a climate tax or emissions trading scheme. Bowen has indicated that Labor will consider an expansion of the federal government’s ‘safeguard mechanism’, which requires large emitters to cut their carbon pollution. However, some Labor MPs are said to be wary of embracing the safeguard mechanism, due to concerns that it could make Labor vulnerable to a carbon tax-style scare campaign.

CORPORATES
AUSTRALIAN LABOR PARTY

Australian unemployment increases to 9.2% in October – as over 12 million Australians are released from long lockdowns

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Nov-21

The latest Roy Morgan employment series data shows that 1.32 million Australians were unemployed in October, up 55,000 on September, for an unemployment rate of 9.2%. Driving the increase was more people looking for part-time work (up 114,000 to 849,000) while there was a decrease in people looking for full-time work (down 59,000 to 471,000). Some 1.23 million Australians (8.6% of the workforce) were under-employed – working part-time but looking for more work, an increase of 64,000 (up 0.6% points) on September. In total, 2.55 million Australians (17.8% of the workforce) were either unemployed or under-employed in October, an increase of 119,000 on September. Meanwhile, employment dropped 289,000 to 13,019,000 in October, driven by the decrease in part-time employment (down 379,000 to 4,281,000 – the lowest since August 2020). In contrast, full-time employment increased by 90,000 in October to 8,738,000. Roy Morgan’s unemployment figure of 9.2% for October is over 4% points higher than the current ABS estimate for September 2021 of 4.6%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

National booster program launched with Pfizer in pharmacies

Original article by Rachel Clun, Lucy Carroll
Brisbane Times – Page: Online : 8-Nov-21

The federal government will ramp up the national COVID-19 vaccination rollout, with pharmacies to begin offering booster shots from 8 November. The Pfizer booster dose will be available to all Australians who have been fully vaccinated for at least six months; about 173,000 booster doses have already been administered to people such as healthcare workers and aged-care residents. Meanwhile, pharmacies will now be able to offer all three Pfizer doses, while the Moderna vaccine will be available from GPs. Deputy Chief Medical Officer Dr Sonya Bennett says that booster shots are likely to be needed periodically, but they will probably not be required every year. Some 80.5 per cent of Australians aged 16+ are now fully vaccinated, and 89.3 per cent have had one vaccine dose.

CORPORATES
PFIZER INCORPORATED, MODERNA INCORPORATED, AUSTRALIA. DEPT OF HEALTH