O75 Public Administration

Fire inquiry accepts climate link: Morrison

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 6-Feb-20

Prime Minister Scott Morrison has advised that former defence force chief Mark Binskin will head the federal government’s bushfires royal commission. Morrison says the inquiry will proceed on the basis that climate change is real and contributed to the scale and severity of the bushfires. National Party leader Michael McCormack says that while human activity has contributed to climate change, it is the role of scientists to determine the extent of this. Home Affairs Minister Peter Dutton in turn has pointed to arson as one of the causes of the bushfires.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF HOME AFFAIRS

Greens want coal levy to fund more paid firefighters

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Original article by Judith Ireland
The Sydney Morning Herald – Page: Online : 6-Feb-20

Greens leader Adam Bandt has proposed the introduction of a levy on coal, gas and oil producers. The levy would be priced at $1 per tonne of carbon dioxide and would raise about $1.5bn a year. Most of the proceeds would be used to hire nearly 16,000 additional paid firefighters in metropolitan and rural areas. Bandt says the nation’s firefighters are exhausted by the intensity and duration of the bushfire season. The Australia Institute also called for a levy on fossil fuel producers in late 2019, as part of its proposal for a National Climate Disaster Fund.

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AUSTRALIAN GREENS, THE AUSTRALIA INSTITUTE LIMITED

Mines, hotels to host evacuees

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Original article by Geoff Chambers, Ben Packham
The Australian – Page: 1 & 7 : 6-Feb-20

The death toll from the coronavirus has risen to 492, and more than 24,000 people have now contracted the respiratory illness, including 14 in Australia. Home Affairs Minister Peter Dutton has warned that more Australian citizens and permanent residents will probably need to be evacuated from China. He adds that the federal government may quarantine future evacuees in hotels and mining camps if the Christmas Island facility reaches capacity. Meanwhile, Treasurer Josh Frydenberg has told his state counterparts that the virus’s impact on the domestic economy could exceed that of the SARS outbreak in 2003.

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AUSTRALIA. DEPT OF HOME AFFAIRS, AUSTRALIA. DEPT OF THE TREASURY

Bandt abused PM with deaths claim

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Original article by Rosie Lewis
The Australian – Page: 4 : 5-Feb-20

Adam Bandt has stepped up his attack on the federal government’s environmental credentials after being elected unopposed as the new leader of the Greens. He has claimed that the Coalition’s climate change policy will result in many more deaths than the recent bushfires, as it will result in a 3-degree temperature increase. Bandt also contends that the business models of fossil fuel producers are unsustainable, and he has called for domestic coal-fired power generation and coal exports to be phased out by 2030. Larissa Waters and Nick McKim are the new joint deputy leaders of the Greens.

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AUSTRALIAN GREENS

Travel ban ‘won’t be turned off’

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Original article by Ben Packham
The Australian – Page: 7 : 5-Feb-20

Health Minister Greg Hunt has indicated that the federal government is likely to extend its ban on non-citizens entering Australia from the Chinese mainland, which was initially slated to last for two weeks. Wang Xining, the China’s deputy ambassador to Australia, has described it as an over-reaction and notes that the World Health Organization believes that such measures are not necessary. Wang adds that the Chinese embassy was not advised of the travel ban before it was announced, but Hunt says that senior officials in China were told of the ban as soon as the government decided to impose it.

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AUSTRALIA. DEPT OF HEALTH, WORLD HEALTH ORGANIZATION

Coronavirus outbreak not yet pandemic, World Health Organization says

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Original article by
bbc.com – Page: Online : 5-Feb-20

Mainland China’s death toll from the coronavirus has risen to 425, while Hong Kong and the Philippines have each confirmed one death. More than 20,000 people worldwide have now contracted the respiratory illness, including 13 in Australia, but the World Health Organization says the coronavirus outbreak does not yet constitute a pandemic. Meanwhile, WHO has criticised the spreading of misinformation about the coronavirus.

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WORLD HEALTH ORGANIZATION

Business Confidence drops to 9 year low of 101.6 in January

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Feb-20

In Australia, Business Confidence fell 2.9pts (-2.8%) to a nearly nine-year low of 101.6 in January 2020, according to the latest Roy Morgan Business Single Source survey. Business Confidence is now 4.3pts lower than a year ago, and 13.6pts below the long-term average of 115.2. Only 34.5% (down 6.4ppts) of business leaders say their business is ‘better off financially’ compared to a year ago, and 44% (down 6.4ppts) expect their business to be ‘better off financially’ this time next year. Business Confidence is down on a year ago for businesses of all sizes, but the most pronounced decline is for large businesses with 200+ employees, down 18.4pts to 111.2. The latest Roy Morgan Business Confidence results for January are based on 923 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

RBA keeps faith in the economy

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Original article by David Rogers
The Australian – Page: 17 & 24 : 5-Feb-20

Financial markets still expect the Reserve Bank of Australia to reduce the cash rate by June, after it left rates unchanged at 0.75 per cent on 4 February. The general consensus of economists is that the cash rate will remain on hold in March. Meanwhile, economists had expected the RBA to downgrade its economic growth forecasts for 2020 and 2021 in the wake of the bushfires and the coronavirus crisis, but these have been left at 2.75 per cent and 3 per cent respectively. The central bank also expects the unemployment rate to remain at around 5.1 per cent in 2020, before easing to less than five per cent in 2021.

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RESERVE BANK OF AUSTRALIA

Despite everything ANZ-Roy Morgan Consumer Confidence virtually unchanged at 108.5

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Feb-20

ANZ-Roy Morgan Australian Consumer Confidence edged 0.5% higher to 108.5 in the week ended 2 February, reversing the previous week’s decline. However, it remains well below average. Overall financial conditions were little changed, with offsetting moves in current and future finances. Current economic conditions gained 2.1%, while future economic conditions declined 2.5%. The ‘Time to buy a major household item’ subindex gained 2.7%, following a decline of 2.4% previously. The four-week moving average of inflation expectations was up by 0.1ppt to 4.0%; the weekly reading rose to 4.2%, its highest level since early September.

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

Virus crisis could cost nation $13bn

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Original article by Geoff Chambers
The Australian – Page: 1 & 6 : 3-Feb-20

Treasurer Josh Frydenberg has conceded that events that are beyond the federal government’s control will have a significant impact on the domestic economy. Some estimates suggest that the coronavirus could potentially reduce economic activity by up to $13bn in the first half of 2020, with the tourism and education export sectors to be particularly hard hit. The coronavirus could also jeopardise the government’s revenue projections in its mid-year Budget update, due to its potential effect on the prices of commodities such as iron ore and coal.

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AUSTRALIA. DEPT OF THE TREASURY, MINERALS COUNCIL OF AUSTRALIA, BHP GROUP LIMITED – ASX BHP