O75 Public Administration

Regulator predicts pain for CFMEU

roymorgansocial Leave a comment

Original article by Michael Pelly
The Australian Financial Review – Page: 33 : 31-Aug-18

The Construction, Forestry, Maritime, Mining & Energy Union was fined some $5.6m for breaching workplace laws in 2016-17, compared with just $1.8m in the previous financial year. Australian Building & Construction Commission head Stephen McBurney says the militant union could potentially face fines of more than $20m under the Building and Construction Industry (Improving Productivity) Act, which has significantly increased the maximum fines for both individuals and unions. The CFMMEU has been fined more than $1m for workplace breaches so far in 2018-19.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, FEDERAL COURT OF AUSTRALIA, FEDERAL CIRCUIT COURT OF AUSTRALIA, HIGH COURT OF AUSTRALIA, AUSTRALIA. REGISTERED ORGANISATIONS COMMISSION

Worrying sign investment has peaked

roymorgansocial Leave a comment

Original article by Patrick Commins
The Australian Financial Review – Page: 8 : 31-Aug-18

The Australian Bureau of Statistics has reported that business investment fell by 2.5 per cent in the June quarter; economists had been tipping an increase of 0.6 per cent. Mining sector spending was down 7.2 per cent over the quarter, while non-mining investment declined by 0.5 per cent. However, companies increased their business investment forecast for 2018-19 to just under $102 billion, an increase of 16.1 per cent on the last forecast three months ago.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CAPITAL ECONOMICS LIMITED, TD SECURITIES, AMP LIMITED – ASX AMP, LIBERAL PARTY OF AUSTRALIA, BIS OXFORD ECONOMICS PTY LTD

Paris targets still on despite exemption

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 31-Aug-18

Environment Minister Melissa Price rather than Energy Minister Angus Taylor has been given responsibility for meeting Australia’s carbon emission reductions target under the Paris climate agreement. Price has expressed confidence that the target will be achieved, noting that the nation is on track to exceed its emissions reduction target for 2020. Policies aimed at reducing electricity prices will be a priority for Taylor, who has indicated that the federal government will adopt many of the Australian Competition & Consumer Commission’s recommendations in its review of retail electricity prices.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN ENERGY REGULATOR, AUSTRALIAN LABOR PARTY

Roy Morgan Net Trust survey shows trust is the foundation of all human connections whereas distrust destroys social cohesion – instantly

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 31-Aug-18

Roy Morgan’s Net Trust Survey is the landmark survey which has now been conducted nine times since October 2017. It has explored in detail how the gaining and maintaining of "Trust" is key to businesses developing and growing their market share, while "Distrust" of a brand or business represents a significant problem for the business. In the latest presentation on Trust and Distrust at ABCTV’s Q&A studio in Sydney Roy Morgan CEO Michele Levine and Social Scientist Dr. Ross Honeywill explored how rising levels of "Distrust" in a business can trigger increasing customer churn, negatively impact customer acquisition and retention and is an effective "bellwether" for the sustainability of a business. To learn more about the latest results of Roy Morgan’s Net Trust Survey follow this link for access to the latest Net Trust Report.

CORPORATES
ROY MORGAN LIMITED

Business lists IR demands for O’Dwyer

roymorgansocial Leave a comment

Original article by Dana McCauley, Nick Toscano
The Age – Page: 5 : 30-Aug-18

Australian Industry Group CEO Innes Willox says the passage of three key workplace relations bills through Parliament should be a priority for incoming Industrial Relations Minister Kelly O’Dwyer. The federal government shelved its Ensuring Integrity Bill earlier in 2018, while the Proper Use of Worker Benefits Bill remains stalled in the upper house and Labor has blocked a bill to scrap four-yearly reviews of industrial awards. Willox has also urged O’Dwyer to intervene in a court case regarding the employment status of casual workers.

CORPORATES
AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, THE AUSTRALIAN INDUSTRY GROUP, WORKPAC PTY LTD, FEDERAL COURT OF AUSTRALIA, HIGH COURT OF AUSTRALIA, MONDELEZ AUSTRALIA (FOODS) LIMITED, AUSTRALIA. FAIR WORK COMMISSION, ACTU, BORAL LIMITED – ASX BLD, AUSTRALIAN LABOR PARTY

Small business tax cuts miss the point

roymorgansocial Leave a comment

Original article by Ronald Mizen
The Australian Financial Review – Page: 7 : 30-Aug-18

Prime Minister Scott Morrison recently signalled that the small and medium business sector will be the focus of his government’s company tax policy. However, Jeremy Thorpe of PricewaterhouseCoopers argues that tax cuts for the small business sector should not be a priority as such businesses generally do not need to be globally competitive. Grant Wardell-Johnson of KPMG agrees, noting that large companies deliver the great economic benefit from tax cuts.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, KPMG AUSTRALIA PTY LTD, ERNST AND YOUNG, AUSTRALIAN LABOR PARTY

‘NEG is dead’: States go it alone

roymorgansocial Leave a comment

Original article by Mark Ludlow, Ben Potter
The Australian Financial Review – Page: 4 : 30-Aug-18

Uncertainty about the future of the federal government’s national energy guarantee in the wake of the leadership spill has prompted Labor-led state governments to press ahead with their own renewable energy targets. Queensland’s Energy Minister Anthony Lynham says he has not anything from the federal government about the NEG since the leadership change, adding that the state remains committed to its renewable energy target of 50 per cent. The Australian Capital Territory’s Climate Change Minister Shane Rattenbury says it appears that the NEG will not proceed.

CORPORATES
QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY, AUSTRALIAN CAPITAL TERRITORY. DEPT OF ENVIRONMENT, PLANNING AND SUSTAINABLE DEVELOPMENT, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. ENERGY SECURITY BOARD

Price cuts come first over Paris emissions

roymorgansocial Leave a comment

Original article by Ben Packham
The Australian – Page: 1 & 6 : 30-Aug-18

Australia’s new Energy Minister Angus Taylor says his top priority in the portfolio will be to pursue measures that will result in lower electricity prices, rather than implementing carbon emission reduction targets under the Paris climate agreement. Taylor will use a Council of Small Business Organisations speech on 30 August to criticise the Opposition’s carbon emissions reduction target, arguing that it reduce the nation’s energy security as coal-fired power stations would be forced to close.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, McKINSEY AND COMPANY

Unions double down on trickle down Morrison

roymorgansocial Leave a comment

Original article by Dana McCauley
The Age – Page: 5 : 29-Aug-18

The ACTU has signalled that industrial relations will be a key focus of its campaigning in the next federal election. ACTU secretary Sally McManus has described Prime Minister Scott Morrison as the "architect of trickle-down economics" and accused him of being out of touch with working people. The ACTU’s national president Michele O’Neil has urged Industrial Relations Minister Kelly O’Dwyer to support the introduction of paid domestic violence leave. Opposition Leader Bill Shorten has committed to introducing such leave if he wins office.

CORPORATES
ACTU, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIAN LABOR PARTY

ALP inequality claims sunk

roymorgansocial Leave a comment

Original article by Adam Creighton
The Australian – Page: 1 & 6 : 29-Aug-18

The Productivity Commission has released a report which concludes that inequality in Australia has not increased significantly over recent decades. The report found that real incomes increased by an average of more than two per cent annually between 1989 and 2016. Chairman Peter Harris says all income groups have benefited to some extent from Australia’s economic growth over the last 27 years. However, he notes that nine per cent of Australians are living in poverty. Shadow treasurer Chris Bowen claimed in 2017 that income inequality was at its highest level in 75 years.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIAN LABOR PARTY, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, NATIONAL PRESS CLUB (AUSTRALIA), UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH