O75 Public Administration

CFMEU should be deregistered: judges

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 15-Aug-18

The militant Construction, Forestry, Maritime, Mining & Energy Union has been fined more than $500,000 in two separate court rulings. The Federal Court rejected the union’s appeal against a fine of $306,000 imposed in 2017 over the conduct of its former Queensland president David Hanna. Justice John Logan criticised the CFMMEU’s poor track record regarding compliance with workplace laws and likened the union to its deregistered predecessor, the Builders Labourers Federation. The CFMMEU has also been fined $271,500 for breaching right-of-entry laws.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, FEDERAL COURT OF AUSTRALIA, BUILDERS’ LABOURERS’ FEDERATION, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

Energy rebels challenge PM

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Original article by Simon Benson, Joe Kelly, Greg Bright, Samantha Hutchinson
The Australian – Page: 1 & 4 : 15-Aug-18

The Coalition’s joint party room meeting backed the national energy guarantee on 14 August, but 10 MPs and senators have signalled that they could vote against the NEG in parliament. They include Tony Abbott, Eric Abetz, Andrew Hastie and Barnaby Joyce; they have cited factors such as the NEG’s emissions reduction target and the lack of a price guarantee for their opposition to the policy. Prime Minister Malcolm Turnbull is said to be open to legislating for a price guarantee.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, CENTRE ALLIANCE, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

ANZ-Roy Morgan Consumer Confidence slips to 118.2

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Aug-18

ANZ-Roy Morgan Australian Consumer Confidence fell 0.6% to 118.2 in the week ended 12 August, following a 0.8% decline in the previous week. Consumers’ views towards current financial conditions fell 1.0%, only partially offsetting the cumulative 3.5% rise over the previous two weeks. However, views towards future financial conditions rose 2.6% to the highest point in eight weeks. Consumers’ assessment of current economic conditions declined another 1.7%, on the back of a 2.7% fall in the previous week. Views towards future economic conditions fell 0.3%, although this followed a 1.4% increase in the week prior. The "time to buy a household item" subindex slipped 2.5%, its fourth consecutive weekly fall.

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

Coalition shies from taking tax cut to voters

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 14-Aug-18

The Federal Government will require the support of Centre Alliance and One Nation for its company tax cuts package, which will shortly be put to the Senate. Finance Minister Mathias Cormann has stated that company tax cuts that have been legislated will be part of the government’s campaign platform for the next election. However, the fate of unlegislated tax cuts remains uncertain, with indications that the government may be willing to compromise. Amongst other things, it is said to be considering lifting the turnover threshold for the tax cuts to $500m.

CORPORATES
CENTRE ALLIANCE, ONE NATION PARTY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY

Tech giants face $10m fines under security laws

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Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 14-Aug-18

The federal government will introduce new laws that aim to boost efforts to detect terrorist and criminal activity via electronic surveillance. The laws, which were developed in consultation with telcos, internet firms and telecommunications device makers, include fines of up to $10 million for companies that refuse to provide access to secret data. They have been introduced after Prime Minister Malcolm Turnbull complained in 2017 that terrorists and criminals are using secret message services such as WhatsApp to avoid surveillance; he promised to take action to require technology firms to work with law enforcement agencies to detect such activity.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION, AUSTRALIAN SECRET INTELLIGENCE SERVICE, AUSTRALIAN SIGNALS DIRECTORATE, AUSTRALIA. ATTORNEY-GENERAL’S DEPT

Gas cost killing industry, Dow says

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Original article by Perry Williams
The Australian – Page: 17 & 28 : 14-Aug-18

Dow Chemical’s Australian head Louis Vega has urged support for the National Energy Guarantee, while calling on states and territories to allow new gas developments. He hopes both initiatives will put downward pressure on gas prices, warning that some heavy industries may have to shut down if gas prices remain high. Tomago Aluminium, which is the biggest user of energy in Australia, says the life of the nation’s coal-fired power plants need to be extended to help maintain the stability of the national grid.

CORPORATES
DOW CHEMICAL AUSTRALIA LIMITED, TOMAGO ALUMINIUM COMPANY PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Face climate truths: farmer’s plea to PM

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Original article by Ben Potter
The Australian Financial Review – Page: 4 : 14-Aug-18

Drought-affected grain and cattle farmer Peter Mailler says it is time for the federal government to have a honest debate about climate change, rather than trying to undermine the science behind it. Mailler recently had to send pregnant cows to the abattoir because he did not have enough grain to feed them. He says that unless the government is prepared to tackle climate change, it should not "pretend to champion" farmers who are affected by drought. He accused some politicians of trying to give the electricity sector a "free kick" on carbon emissions reduction, while at the same time expecting farmers to reduce their emissions output.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, NATIONAL PARTY OF AUSTRALIA

Power firm eyeing coal plant deal

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Original article by Joe Kelly, Simon Benson
The Australian – Page: 1 & 6 : 14-Aug-18

Former prime minister Tony Abbott says it is by no means certain that the Coalition’s joint party room meeting will endorse the national energy guarantee on 14 August. He says it would be "appalling" if the NEG is approved, warning that it could result in Australia’s "de-industrialisation". Meanwhile, Delta Electricity chairman Trevor St Baker says the company will build a new high-efficiency, low-emissions coal-fired power station if the NEG is endorsed by Coalition MPs. This could be a replacement for the Hazelwood power station in Victoria or a new one at the site of its Vales Point power station in New South Wales.

CORPORATES
DELTA ELECTRICITY AUSTRALIA PTY LTD, ALINTA ENERGY (AUSTRALIA) PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, BLUESCOPE STEEL LIMITED – ASX BSL, SHELL COMPANY OF AUSTRALIA LIMITED, JBS AUSTRALIA PTY LTD, TOMAGO ALUMINIUM COMPANY PTY LTD, ALCOA OF AUSTRALIA LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Coalition works on fallback tax plan

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 13-Aug-18

The Federal Government remains hopeful of gaining One Nation’s support for its full company tax cuts package when it is put to the Senate in mid-August. However, sources have indicated that the government is looking at alternative options in the event that the tax package is rejected by the upper house. These include limiting the turnover threshold for the tax cuts to $500m or bringing forward tax cuts for small businesses that have been legislated. The government may also opt to abandon any tax measures that are rejected by the Senate or put them on hold until after the next election.

CORPORATES
ONE NATION PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, CENTRE ALLIANCE, AUSTRALIAN LABOR PARTY, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

PM pushes coal-friendly NEG plan

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 13-Aug-18

The Federal Government may adopt the Australian Competition & Consumer Commission’s recommendation to underwrite new dispatchable power generation, which could include coal-fired power. ACCC chairman Rod Sims will brief National Party MPs on the proposal ahead of a joint party room meeting at which the national energy guarantee will be on the agenda. The Labor-led states agreed to allow the NEG to be put to the Coalition’s party room at the recent Council of Australian Governments meeting. However, Energy Minister Josh Frydenberg is resisting their push for any changes to the NEG’s emissions reduction targets to be enacted via regulation rather than legislation.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ENERGY SECURITY BOARD, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS