O75 Public Administration

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

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Labor’s finance spokesman Jim Chalmers has withdrawn from the party’s leadership ballot, paving the way for Anthony Albanese to succeed Bill Shorten unopposed.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

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

Industry seeks action on energy

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Original article by Angela Macdonald-Smith, Peter Ker
The Australian Financial Review – Page: 9 : 24-May-19

Coca-Cola Amatil CEO Alison Watkins has urged the Coalition government to target energy reform during its current term of office, while Alumina CEO Mike Ferraro says electricity prices need to fall if the Portland aluminium smelter is to remain viable. Australian Industry Group CEO Innes Willox says there needs to be more reward for energy users who reduce their consumption at times when the electricity grid is under stress, while Energy Users Association of Australia head Andrew Richards says the government needs to make the ongoing transition to cleaner energy more efficient.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, ALUMINA LIMITED – ASX AWC, THE AUSTRALIAN INDUSTRY GROUP, ENERGY USERS ASSOCIATION OF AUSTRALIA, INCITEC PIVOT LIMITED – ASX IPL, BRICKWORKS LIMITED – ASX BKW, CSR LIMITED – ASX CSR, BLUESCOPE STEEL LIMITED – ASX BSL

Treasurer’s tariff plea to Trump

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Original article by Michael Roddan
The Australian – Page: 2 : 24-May-19

Federal Treasurer Josh Frydenberg has urged US Treasury Secretary Steven Mnuchin to "amicably" bring an end to the trade war with China. Frydenberg made his plea after Mnuchin rang to congratulate him on the re-election of the Coalition government. Council of Small Businesses of Australia CEO Peter Strong says that up to 15 per cent of Australian small businesses trade globally, so the current trade tensions are causing them great concern.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. DEPT OF THE TREASURY, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, RESERVE BANK OF AUSTRALIA

Labor folds over Adani coal mine

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Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 4 : 23-May-19

The Queensland Government is expected to approve Adani’s Carmichael coal mine within weeks, after Premier Annastacia Palaszczuk demanded an end to the delays that have stalled the project. Palaszczuk has described Labor’s federal election defeat as a "wake-up call", after having previously downplayed suggestions that the Adani debate had affected Labor’s vote in regional Queensland. Adani Mining CEO Lucas Dow has urged the state to act quickly to give final approval to the project, but Basha Stasak of the Australian Conservation Foundation says the government must not yield to pressure from Adani and the coal industry.

CORPORATES
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, QUEENSLAND RESOURCES COUNCIL LIMITED, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, LIBERAL-NATIONAL PARTY OF QUEENSLAND, ADANI GROUP, QUEENSLAND. OFFICE OF CO-ORDINATOR GENERAL

RBA cash rate below 1pc tipped

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Original article by Matthew Cranston
The Australian Financial Review – Page: 8 : 23-May-19

Financial markets have priced in a 25 per cent chance that the Reserve Bank of Australia will reduce the cash rate three times by the end of 2019. However, economists are sceptical as to whether a cash rate of one per cent or less would provide sufficient economic stimulus to meet the central bank’s revised growth forecast of 2.75 per cent. Commonwealth Bank economists say that an interest rate cut in June would help to stabilise house prices and stimulate the economy in the second half of the year.

CORPORATES
RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, JP MORGAN AUSTRALIA LIMITED, IFM INVESTORS PTY LTD, ERNST AND YOUNG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

How to fix Australian polling

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Original article by John Utting
The Australian Financial Review – Page: 54 : 23-May-19

Australia’s polling industry requires ‘root and branch’ reform in the wake of the federal election, with public opinion polls consistently showing that Labor was set to win. The question arises as to whether these polls have had a pro-Labor bias for the last several years, rather than just during the election campaign. The polling industry needs to ensure that their samples are more representative of the population, even though this will be more expensive. There must also be greater transparency regarding the methodology used and the number of people who were polled. Polling companies must also disclose any potential conflicts of interest; Galaxy YouGov Research, for example, produced public opinion polls during the election while also undertaking Labor’s internal polling.

CORPORATES
AUSTRALIAN LABOR PARTY, GALAXY YOUGOV RESEARCH, NEWSPOLL

Coalition on course to buffer its electoral clout

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Original article by Andrew Clennell
The Australian – Page: 5 : 23-May-19

Liberal candidate Susan Richards had a slim lead in the seat of Macquarie as counting of postal and absentee votes continued on 22 May. Winning the seat from Labor would give the Coalition a total of 78 seats in the lower house. Several other seats remain in doubt, although Labor seems set to win Lilley, Cowan and Hunter, while the Liberal Party is likely to win Bass. The Coalition had 51.2 per cent of the two-party preferred vote on 22 May, compared with 48.8 per cent for Labor.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, ONE NATION PARTY, NATIONAL PARTY OF AUSTRALIA