O75 Public Administration

Aust job vacancies rise 1.3pct to new peak

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Original article by Alex Druce
News.com.au – Page: Online : 10-Jan-19

Data from the Australian Bureau of Statistics shows that there was 1.7 per cent growth in job vacancies during the three months to November, or 1.3 per cent in seasonally-adjusted terms. The total number of vacancies rose to 241,600, compared with 238,400 in the three months to August. The number of job vacancies in the public sector grew by four per cent to 21,600 in the November quarter, while there was 1.1 per cent growth in private-sector jobs.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, INDEED INCORPORATED

Overhaul to boost super by $3.8bn

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Original article by Michael Roddan
The Australian – Page: 1 & 4 : 10-Jan-19

The Productivity Commission’s final report on its review of the superannuation system will be released on 10 January. It doubles down on the recommendations of an interim report that was released in May. Amongst other things, the PC recommends sweeping changes to the default super regime, including allowing new employees to choose from a list of the 10 best-performing funds. The PC estimates that its recommendations would increase the nation’s retirement savings by about $3.8bn a year. The final report of the financial services royal commission is expected to adopt some of the PC’s recommendations.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION

Unionist gets no joy over sacking

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Original article by Ewin Hannan
The Australian – Page: 5 : 9-Jan-19

The full Federal Court has dismissed an application by former union organiser Nick Belan for a judicial review of the Fair Work Commission’s decision in his unfair dismissal case. The FWC had ruled in 2017 that the National Union of Workers had been justified in sacking Belan after he admitted to the trade union royal commission that he had used a union-issued credit card for personal expenses. Belan had contended that the transcript of his evidence before the royal commission was inadmissible in the FWC case.

CORPORATES
NATIONAL UNION OF WORKERS, FEDERAL COURT OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION

Trade surplus eases in November

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Original article by Sarah Turner
The Australian Financial Review – Page: 5 : 9-Jan-19

Data from the Australian Bureau of Statistics shows that the nation’s exports rose by one per cent to $38.4bn in November, while imports increased by two per cent to $36.5bn. Australia recorded an 11th consecutive monthly trade surplus in November, although it fell from a downwardly revised $2bn in October to $1.9bn. The consensus of economists polled by Bloomberg had been for a trade surplus of $2.2bn in November.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, BLOOMBERG LP, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, CITIGROUP PTY LTD

Paris treaty to shrink economy

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Original article by Adam Creighton, Ben Packham
The Australian – Page: 1 & 2 : 9-Jan-19

Analysis by the Brookings Institut­ion suggests that the Paris climate change agreement will have a negative impact on the Australian economy and jobs growth, even if the nation were to opt out of the agreement. The report notes that Australia’s fossil exports would still be subject to the Paris agreement’s carbon tax under such a scenario. It also questions whether the Paris agreement would achieve its goals in terms of reducing carbon emissions and limiting global temperature increases.

CORPORATES
THE BROOKINGS INSTITUTION, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN NATIONAL UNIVERSITY, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, MINERALS COUNCIL OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

ANZ-Roy Morgan Australian Consumer Confidence softens to 115.2

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jan-19

ANZ-Roy Morgan Australian Consumer Confidence fell 2.2% to 115.2 in the week ended 6 January. Households’ views towards current financial conditions fell 4.3%, the third consecutive fall, while future financial condition rose 1.1%. Consumers’ views toward current and future economic conditions fell by 4.2% and 3.1% respectively. The ‘time to buy a household item’ sub-index fell 1.1%.

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

Woolies wins on penalty rates deal

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 8-Jan-19

The Fair Work Commission has approved a new four-year enterprise agreement for more than 100,000 employees of supermarkets group Woolworths. Amongst other things, the new pay deal will reinstate full penalty rates and increase casual loadings to 25 per cent. The deal has been welcomed by the Shop, Distributive & Allied Employees’ Association, although the rival Retail & Fast Food Workers Union had opposed some aspects of the new agreement.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, WOOLWORTHS SUPERMARKETS, AUSTRALIA. FAIR WORK COMMISSION, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, McDONALD’S AUSTRALIA LIMITED

Leyonhjelm to quit Senate for state

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Original article by Rosie Lewis
The Australian – Page: 2 : 8-Jan-19

The Liberal Democrats have yet to decide who will replace David Leyonhjelm on its Senate ticket for the upcoming federal election. Leyonhjelm has announced that he will not seek a third term in the Senate and will instead contest a seat in the New South Wales upper house at the state election in March. He will run against One Nation candidate Mark Latham, who resigned his membership of the Liberal Democrats in September. Leyonhjelm says he is now more interested in state rather than federal issues.

CORPORATES
LIBERAL DEMOCRATIC PARTY, ONE NATION PARTY, AUSTRALIAN LABOR PARTY, SHOOTERS, FISHERS AND FARMERS PARTY, CHRISTIAN DEMOCRATIC PARTY (FRED NILE GROUP), AUSTRALIAN BROADCASTING CORPORATION

Labor plans overhaul of job welfare

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Original article by Rick Morton
The Australian – Page: 1 & 4 : 8-Jan-19

The Business Council of Australia and the Council of Small Business of Australia support Labor’s proposal for changes to the Jobactive system if it wins the 2019 federal election. Amongst other things, Labor will relax the requirement that unemployed people must apply for up to 20 jobs a month. The BCA argues that this creates an unnecessary cost for both businesses and job-seekers, as employers receive many application from people who are not qualified for a job. Labor may also make changes to the ‘Work for the Dole’ scheme.

CORPORATES
AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIA. DEPT OF HUMAN SERVICES. CENTRELINK

Manufacturing falls to two-year low

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Original article by John Kehoe
The Australian Financial Review – Page: 3 : 8-Jan-19

The Australian Industry Group’s Australian Performance of Manufacturing Index declined 1.8 points to 49.5 in December. It was the lowest that the Index has been since August 2016. Five of the Index’s eight manufacturing sub-sectors expanded, while the report noted the strong performance of the Victorian manufacturing sector. The decline in Australian manufacturing activity mirrors the global economy, with the US and China having both recently recorded falls in manufacturing output.

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, GOLDMAN SACHS AUSTRALIA PTY LTD, JP MORGAN CHASE AND COMPANY, IHS GROUP