O75 Public Administration

Goal of 50pc renewables by 2030 on track

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Original article by Ben Potter
The Australian Financial Review – Page: 13 : 30-Nov-18

Green Energy Markets says renewable sources are likely to account for 50 per cent of Australia’s energy supply by 2030. The energy consultancy estimates that renewables could account for 78 per cent of the nation’s energy mix by 2030 if the current take-up rate of rooftop solar panels and investment in wind and solar farms is sustained. A recent report from the United Nations concluded that Australia and another seven G20 countries will not meet their 2030 renewable energy targets.

CORPORATES
GREEN ENERGY MARKETS PTY LTD, UNITED NATIONS, GROUP OF TWENTY (G-20), AUSTRALIAN LABOR PARTY, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Eslake warns on wage crisis ramifications

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Original article by Anna Patty
The Age – Page: 33 : 29-Nov-18

Australian economist Saul Eslake says the business sector’s push for economic reform is being undermined by the low growth in wages. Eslake argues that the general public is becoming less receptive to reforms such as free trade, deregulation and company tax cuts in an era of sluggish wage growth. Eslake has contributed to a new book titled "The Wages Crisis in Australia". Its editors have argued the case for changes to the Fair Work Act, including expanding the definition of an "employee" to include anyone who provides labour and allowing enterprise bargaining at industry level.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, UNIVERSITY OF ADELAIDE, UNIVERSITY OF TASMANIA, RESERVE BANK OF AUSTRALIA

Aspiring Liberal leader Pesutto may lose seat

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Original article by Ben Potter
The Australian Financial Review – Page: 7 : 29-Nov-18

Michael O’Brien and John Pesutto have declared that they will contest the Liberal Party of Victoria’s leadership following the resignation of Opposition leader Matthew Guy in the wake of the election rout. However, Pesutto may be ousted from the seat of Hawthorn, with Labor candidate John Kennedy taking a narrow lead in the latest vote counting. Labor is now expected to have about 55 seats in the new parliament, compared with around 28 for the Liberal-National coalition.

CORPORATES
LIBERAL PARTY OF VICTORIA, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, VICTORIA. DEPT OF PREMIER AND CABINET

Send them all to the High Court

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Original article by Rosie Lewis
The Australian – Page: 5 : 29-Nov-18

Independent MP Kerryn Phelps has declined to release legal advice regarding her eligibility to be in parliament, but says she will do so if she is referred to the High Court. Phelps adds that she is examining legal advice on the eligibility of Home Affairs Minister Peter Dutton and will decide whether to support his referral to the High Court in due course. Meanwhile, crossbencher Andrew Wilkie says every MP whose eligibility to be in parliament is in doubt should be referred to the High Court at the same time.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, HIGH COURT OF AUSTRALIA, AUSTRALIAN LABOR PARTY

War chest to help schools, hospitals

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Original article by David Uren, Michael Roddan
The Australian – Page: 1 & 4 : 29-Nov-18

Prime Minister Scott Morrison has indicated that an improved Budget position will allow the federal government to increase its investment in essential services. Amongst other things, Morrison has flagged a $37m funding increase for schools over 10 years and an extra $30bn for hospitals over five years. The Budget bottom line has been bolstered by higher revenue, but Martin Whetton of the ANZ Bank says the government may opt to use some of this windfall to finance new spending initiatives in the lead-up to the 2019 election.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN LABOR PARTY, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S FINANCIAL SERVICES LLC, AUSTRALIA. DEPT OF THE TREASURY, GROUP OF TWENTY (G-20), FINANCIAL STABILITY BOARD

Roy Morgan CEO Michele Levine talks to Stan Grant on "Matter Of Fact"

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Nov-18

Roy Morgan CEO Michele Levine joins Stan Grant’s panel on the ABC’s "Matter Of Fact" program on 27 November. Levine discusses issues such as sexism in federal parliament, voters’ growing disillusionment with Australia’s two major political parties, the outcome of the Victorian election and issues that are likely to be of concern for voters in the lead-up to the federal election in 2019. The full interview with Michele can be seen from around the 22:30 mark. Independent crossbenchers Cathy McGowan and Rebekah Sharkie also discuss their legislation to establish a federal integrity commission.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BROADCASTING CORPORATION

Deserter fuels Coalition chaos

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Original article by Simon Benson, Rosie Lewis, Joe Kelly
The Australian – Page: 1 & 4 : 28-Nov-18

The federal government will require the support of at least two crossbenchers to pass bills in the lower house after Victorian MP Julia Banks resigned from the Liberal Party to become an independent. Banks’ defection to the crossbench means the Coalition has just 73 seats in the House of Representatives. This could give Labor sufficient support to refer Home Affairs Minister Peter Dutton to the High Court over his eligibility to be in Parliament. The government in turn has questioned the eligibility of several Labor MPs. Banks has promised to support the government on issues of confidence and supply.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF HOME AFFAIRS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, CENTRE ALLIANCE

PM puts budget relief on fast track

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Original article by Michael Roddan
The Australian – Page: 1 & 4 : 28-Nov-18

A federal election seems likely to be held on either 11 or 18 May, after the government announced that it will bring forward the 2019 Budget to 2 April. The government is also set to post the first Budget surplus since 2007-08 on the back of higher tax revenue. The Treasury has previously forecast a surplus of $2.2bn in 2019-20, following a deficit of $14.5bn in 2018-19. Shadow treasurer Chris Bowen advocates greater action on Budget repair due to the downside risks to the global economy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, DELOITTE ACCESS ECONOMICS PTY LTD

ANZ-Roy Morgan Australian Consumer Confidence rises to 118.6

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Nov-18

ANZ-Roy Morgan Australian Consumer Confidence rose 0.7% to 118.6 in the week ended 25 November, partially reversing the previous week’s fall. Households’ views towards current and future financial conditions fell by 0.5% and 3% respectively. The economic conditions readings were mixed, with households’ views towards current economic conditions rising 5%, while future economic conditions eased 0.8%.. The "time to buy a household item" sub-index was up 2.6%, its second straight gain.

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

Boosted powers, travel ban plan to cut avoidance

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Original article by Emma Koehn
The Age – Page: 25 : 27-Nov-18

A recent Treasury discussion paper flagged measures aimed at those who avoid tax as part of a crackdown on the black economy. These include imposing overseas travel bans on persons with outstanding tax obligations, as well as giving the Australian Taxation Office the power to access telecommunications data and third-party information such as bank accounts. Submissions to Treasury concerning the discussion paper can be made until 21 December.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN TAXATION OFFICE, BDO AUSTRALIA LIMITED