I just wanted the truth: PM addresses debate’s space invader moment

Original article by Primrose Riordan
The Weekend Australian – Page: Online : 4-May-19

Prime Minister Scott Morrison says he was simply trying to get Opposition Leader Bill Shorten to tell him the truth during their debate in Brisbane on 3 May. Morrison was responding to claims that he got too close to Shorten during the debate, with Shorten having accused Morrison of being a "space invader". Morrison claims Shorten sought to win their debate using "stunts" and "wise cracks", with Morrison contending Shorten’s antics were not what you would want from someone who seeks to run the country. The Brisbane audience had Shorten as winning the debate narrowly.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

‘Choose hope over fear’: Bill Shorten’s call to arms wows Labor faithful

Original article by Sarah Murphy
http://www.theguardian.com – Page: Online : 6-May-19

Opposition leader Bill Shorten says "trickle down" economics has not worked for the average working Australian during the term of the current government. Shorten was speaking at Labor’s official campaign launch in Brisbane on 5 May, during which he outlined policies covering areas such as health and education, boosting employment for younger and older workers, and increasing wages for childcare workers. Shorten said a vote for Labor was a vote for "hope over fear", while he referred to Prime Minister Scott Morrison as "a failed ad guy".

CORPORATES
AUSTRALIAN LABOR PARTY

Workers face $20b pay hit from superannuation rise

Original article by John Kehoe
The Australian Financial Review – Page: 3 : 3-May-19

The compulsory superannuation guarantee is slated to rise from 9.5 per cent to 12 per cent over stages between 2021 and 2025. However, the Productivity Commission recently called for any increase to be put on hold until an independent inquiry into the Australian retirement income system has been held, while the Grattan Institute argues that lifting the employer contribution to 12 per cent would cost workers $20 billion a year in take-home pay, as well as making wage growth even more sluggish than it already is.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, GRATTAN INSTITUTE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Morrison defends his climate policy as cost free

Original article by Simon Evans, Phillip Coorey
The Australian Financial Review – Page: 5 : 3-May-19

Prime Minister Scott Morrison says the Coalition can achieve its carbon emissions reduction target without hurting the economy. Morrison contends that this is because the cost of doing so will be borne by taxpayers. His claims are at odds with modelling undertaken by economist Brian Fisher, who says the Coalition’s climate policy will impose some cost on the economy, although not as much as Labor’s policy. Labor’s climate spokesman Mark Butler claims that Fisher’s assumptions are grossly flawed.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, CITIGROUP PTY LTD, SANTOS LIMITED – ASX STO, AUSTRALIAN NATIONAL UNIVERSITY

Unions to face wait for pay reforms

Original article by Ewin Hannan
The Australian – Page: 4 : 3-May-19

Shadow workplace relations minister Brendan O’Connor has indicated that Labor will consult all stakeholders regarding its plan to reinstate industry-wide enterprise bargaining. Senior Labor sources have suggested that the extensive consultation that will be required means the reforms are likely to be delayed for at least a year if Labor wins the federal election. Law professor Andrew Stewart says Labor is wise to delay such reforms given the large number of items on its policy agenda. Labor intends to prioritise reforms such as restoring penalty rates.

CORPORATES
AUSTRALIAN LABOR PARTY, UNIVERSITY OF ADELAIDE, AUSTRALIA. FAIR WORK COMMISSION

Finch flies again to stall Adani

Original article by Charlie Peel, Michael McKenna
The Australian – Page: 1& 2 : 3-May-19

Queensland’s Department of Environment has told Adani that its environment management plan for the endangered black-throated finch is unacceptable in its current form. The finch inhabits the region around Adani’s proposed Carmichael coal mine in the Galilee Basin. Adani is also waiting on approval from the Department for its groundwater management plan, which the federal government has already signed off on.

CORPORATES
QUEENSLAND. DEPT OF ENVIRONMENT AND HERITAGE PROTECTION, ADANI MINING PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN GREENS, UNIVERSITY OF MELBOURNE

Coalition faces hostile Senate if it wins

Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 2-May-19

A re-elected Coalition government could require the support of the Greens to pass legislation in the Senate, depending on the number of crossbenchers in the upper house from 1 July. Its income tax cuts in particular would be in doubt, given the Greens’ opposition to the package. The government proposes to reconvene parliament before 30 June to capitalise on a crossbench that is likely to be more favourable to its tax cuts than the new Senate. Greens leader Richard Di Natale favours tax increases rather than tax cuts.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, THE AUSTRALIA INSTITUTE LIMITED

Cost of living climbs for pensioners

Original article by Matthew Cranston
The Australian Financial Review – Page: 2 : 2-May-19

Data from the Australian Bureau of Statistics shows that there was no increase in the cost of living for wage and salary earners during the March quarter, although there has been a year-on-year increase of 1.4 per cent. The figures also show that the cost of living for age pension recipients rose by 0.3 per cent during the March quarter, although the cost of living for self-funded retirees fell by 0.2 per cent. Labor has contended that prices are rising at at time when wages growth is stagnant.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Price carbon cuts? Yes you can

Original article by Simon Benson
The Australian Financial Review – Page: 1 & 4 : 2-May-19

Independent modelling has concluded that GDP growth could be reduced by a cumulative $264bn by 2030 if Labor’s carbon emissions reduction policy includes unlimited access to international carbon credits. This could rise to around $1.2bn if the use of foreign carbon credits is restricted or banned. The modelling is outlined in a new report by former bureaucrat Brian Fisher, which will be released on 2 May. Labor’s climate change spokesman Mark Butler has previously argued that its emissions reduction policy cannot be costed.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE, AUSTRALIAN GREENS

Labor two-faced on coal

Original article by Mark Ludlow, Luke Housego
The Australian Financial Review – Page: 1 & 6 : 1-May-19

The Queensland Government’s stance on Adani’s proposed Carmichael thermal coal mine is under scrutiny after it approved an expansion of Yancoal’s Cameby Downs mine, as well as several metallurgical coal mines. The government has been accused of double standards by Steve Smyth, the state president of the Construction, Forestry, Maritime, Mining & Energy Union. Adani CEO Lucas Dow in turn has accused the state government of hypocrisy for taking out newspaper advertisements promoting its support for resources projects while continuing to stall on approving the Carmichael mine.

CORPORATES
ADANI MINING PTY LTD, YANCOAL AUSTRALIA LIMITED – ASX YAL, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, WHITEHAVEN COAL LIMITED – ASX WHC, PEMBROKE RESOURCES PTY LTD, MACKAY CONVEYOR EQUIPMENT, QUEENSLAND RESOURCES COUNCIL LIMITED, LIBERAL-NATIONAL PARTY OF QUEENSLAND