O75 Public Administration

ANZ-Roy Morgan Consumer Confidence increases further to 118.6

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-May-19

ANZ-Roy Morgan Australian Consumer Confidence rose 1.2% to 118.6 in the week ended 26 May. Households’ views towards current financial conditions rose 1.2%, while views towards future financial conditions rose 0.8%. These two indices have risen for three consecutive weeks, and the measure of current financial conditions is at its highest since early February. Meanwhile, consumers’ views toward current economic conditions rose 3.0% and future economic conditions were up 4.5%. The ‘time to buy a household item’ index fell 2.9%.

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

$32bn debt binge funds pledges

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Original article by Rebecca Urban
The Australian – Page: 6 : 28-May-19

The Victorian Government’s May 2019 Budget has forecast a surplus of $1bn in 2019-20, rising to $1.5bn in the following financial year. State debt is projected to rise by $32.1bn over the forward estimates period, topping $54.9bn in 2022-23. The increased debt will be used to finance infrastructure projects, with expenditure on infrastructure to average $13.4bn a year over the forward estimates. Meanwhile, the government has scaled back its forecasts for growth in employment and gross state product over the next three years.

CORPORATES
VICTORIA. DEPT OF TREASURY AND FINANCE, MOODY’S INVESTORS SERVICE INCORPORATED, S&P GLOBAL RATINGS

Energy experts urge Coalition to do more on climate policy

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Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 28-May-19

RepuTex director Hugh Grossman says the Coalition’s Emissions Reduction Fund will not help Australia to achieve its 2030 carbon emissions reduction targets by itself. The fund, which has been renamed the Climate Solutions Fund, pays polluters for securing carbon abatement. However, it has been criticised for not penalising the biggest polluters and compelling them to change their behaviour. The Grattan Institute’s Tony Wood says the energy sector can be expected to adopt a more conciliatory approach to the Coalition, given that it was widely expected to lose the federal election.

CORPORATES
GRATTAN INSTITUTE, ORIGIN ENERGY LIMITED – ASX ORG, ENERGY USERS ASSOCIATION OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, REPUTEX AUSTRALIA PACIFIC PTY LTD

Porter has mandate to restructure workplace tribunal: employers

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 28-May-19

Australian Mines & Metals Association CEO Steve Knott says the Fair Work Commission needs to approve enterprise agreements more quickly, arguing that the often lengthy delays at present are unacceptable. He says one option may be to give the Fair Work Ombudsman responsibility for approving workplace deals. Knott has urged new Industrial Relations Minister Christian Porter to undertake a review of the FWC’s performance and processes.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. FAIR WORK OMBUDSMAN, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIAN MINES AND METALS ASSOCIATION (INCORPORATED), RMIT UNIVERSITY, AUSTRALIAN LABOR PARTY

Doesn’t add up: Albo’s mine craft

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Original article by Greg Brown, Alice Workman
The Australian – Page: 1 & 4 : 28-May-19

Resources Minister Matt Canavan contends that Labor has learned nothing from how Queenslanders voted in the federal election. Canavan was attacking new Labor leader Anthony Albanese and deputy leader Richard Marles for refusing to say whether they support Adani’s proposed Carmichael coal mine in Queensland’s Galilee Basin, with the Basin having estimated thermal coal reserves of 27 billion tonnes. Albanese stated in 2018 that "there’s no market" for thermal coal, and that the Adani mine is "a climate change issue".

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ADANI MINING PTY LTD, QUEENSLAND RESOURCES COUNCIL LIMITED

Scott Morrison unveils new ministry as Coalition prepares for majority government

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Original article by Henry Belot, Dan Conifer
abc.net au – Page: Online : 27-May-19

The federal government has announced a number of changes to its Cabinet team in the wake of the federal election. Sussan Ley will replace Melissa Price as Minister for the Environment, although Energy Minister Angus Taylor will assume responsibility for carbon emissions reduction policy. Linda Reynolds has been given the defence portfolio, Bridget McKenzie is the new Agriculture Minister and Ken Wyatt will take on the Indigenous Affairs portfolio. Senator Arthur Sinodinos will succeed Joe Hockey as Australia’s ambassador to the US, while former Communications Minister Mitch Fifield is set to become Australia’s ambassador to the United Nations.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF AGRICULTURE AND WATER RESOURCES, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS

Inflation Expectations dropped to a record low of 3.7% in April

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Original article by Roy Morgan
Market Research Update – Page: Online : 27-May-19

Australians aged +14 expect inflation of 3.7% per year over the next two years, according to the Roy Morgan Inflation Expectations Index for April 2019. This is down 0.3% on March and down 0.8% on April 2018, and a new record low for the indicator. Inflation Expectations have now dropped to 1.2% points below the nine-year average of 4.9%, the largest gap below average since late 2015. Analysis by voting intentions shows that Inflation Expectations for L-NP supporters have dropped to only 3.4%, down 0.7% from a year ago, while those of ALP supporters are now just above the national average at 3.8%, also down by 0.7%. The Inflation Expectations of Greens supporters are in comparison little changed from a year ago at 3.8%, down by only 0.2%. April Inflation Expectations are based on personally interviewing a nationwide sample of 4,154 Australians aged 14+ face-to-face in their own homes.

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

Finch trade-off breaks Adani mine stalemate

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Original article by Sarah Elks, Michael McKenna, Charlie Peel
The Australian – Page: 1 & 2 : 24-May-19

The Queensland government is set to reveal a timeframe for approving the environmental plans for Adani’s proposed Carmichael coal mine. Adani Mining CEO Lucas Dow has welcomed the government’s commitment to set a timetable for approving the plans, after meeting with the state’s Co-ordinator-General and Department of Mining officials on 23 May. The department is expected to approve Adani’s management plan for the black-throated finch within weeks, having rejected it earlier in May.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. OFFICE OF THE CO-ORDINATOR GENERAL, QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA

Band of Nats’ women MPs defies blokey image

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Original article by Rosie Lewis
The Australian – Page: 5 : 24-May-19

The National Party is on track to have up to six female representatives in the new parliament, compared with two previously. Senator Bridget McKenzie says the Nationals have exploded the myth that only women from the left of politics want to be in parliament. Deputy Prime Minister and Nationals leader Michael McCormack says its female MPs have gotten into parliament on their merits and without the need for quotas.

CORPORATES
NATIONAL PARTY OF AUSTRALIA

Anthony Albanese to be Labor leader, as Chalmers quits race

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Original article by Samantha Maiden
The New Daily – Page: Online : 24-May-19

Labor’s finance spokesman Jim Chalmers has withdrawn from the party’s leadership ballot, paving the way for Anthony Albanese to succeed Bill Shorten unopposed. Chalmers has cited factors such as his young family as reasons for his decision not to seek the leadership, although he is seen as a frontrunner to become deputy leader. Clare O’Neil and Richard Marles are also believed to considering a tilt at the deputy leadership.

CORPORATES
AUSTRALIAN LABOR PARTY