Saving private Barnaby: rescue mission heads off leadership crisis . . . for now

Original article by Joe Kelly, Dennis Shanahan, Greg Brown
The Australian – Page: 1 & 4 : 15-Feb-18

National Party leader Barnaby Joyce was the Opposition’s main target during question time in parliament on 14 February. The Joyce saga is also expected to attract scrutiny by Labor in upcoming Senate estimates hearings. Meanwhile, Joyce will not face any threat to his leadership in the near-term after senior members of the Nationals stepped in to quell unrest within the party’s ranks over the deputy prime minister’s shenanigans. However, some Nationals MP say his position will be untenable if further revelations emerge.

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

PM takes CEOs on Trump mateship trip

Original article by John Kehoe
The Australian Financial Review – Page: 6 : 12-Feb-18

Executives from a number of leading Australian companies and organisations will accompany Prime Minister Malcolm Turnbull on his upcoming visit to the US. Seek, Wesfarmers and IFM Investors will be among the entities represented. Billionaire Anthony Pratt notes that there is over $A1 trillion worth of investment between Australia and the US, and that the US is both Australia’s most significant ally and its major investment partner. A number of state premiers will also be joining Turnbull.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SEEK LIMITED – ASX SEK, WESFARMERS LIMITED – ASX WES, IFM INVESTORS PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, LEND LEASE GROUP LIMITED – ASX LLC, QANTAS AIRWAYS LIMITED – ASX QAN, RIO TINTO LIMITED – ASX RIO, ORICA LIMITED – ASX ORI, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, UNITED STATES. NATIONAL GOVERNORS ASSOCIATION, DEMOCRATIC PARTY (UNITED STATES), REPUBLICAN PARTY (UNITED STATES), GLENCORE AUSTRALIA PTY LTD, CORRS CHAMBERS WESTGARTH, BUSINESS COUNCIL OF AUSTRALIA

Joyce’s hold on power at risk: Nat

Original article by Joe Kelly
The Australian – Page: 1 & 6 : 12-Feb-18

Energy Minister Josh Frydenberg says National Party leader Barnaby Joyce still has strong support within the Coalition and will lead the Nationals to the next federal election. However, there is growing concern within the National Party about a voter backlash over Joyce’s affair with a former staff, particularly among rural voters. The Government’s decision to move Joyce’s lover to a series of well-paid civil service positions has also attracted scrutiny.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Cut tax and see wages grow

Original article by Simon Benson, Joe Kelly
The Australian – Page: 1 & 2 : 12-Feb-18

The Federal Government’s legislation for an across-the-board reduction in the company tax rate will be put before the Senate in the week beginning 12 February. BHP Billiton Andrew Mackenzie, Qantas CEO Alan Joyce and Woodside Petroleum’s chairman-elect Richard Goyder have urged the Senate crossbenchers to pass the bill, warning that failure to do so will reduce Australia’s international competitiveness and deter investment. They also argue that reducing the tax rate for all companies will encourage businesses to hire more staff and increase wages.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, QANTAS AIRWAYS LIMITED – ASX QAN, WOODSIDE PETROLEUM LIMITED – ASX WPL, WESFARMERS LIMITED – ASX WES, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, NICK XENOPHON TEAM, ONE NATION PARTY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AMERICAN AIRLINES INCORPORATED, FEDERAL EXPRESS CORPORATION, AT&T CORPORATION, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RIO TINTO LIMITED – ASX RIO, VISY INDUSTRIES AUSTRALIA PTY LTD

Laundy’s bid to toughen IR rules

Original article by Ewin Hannan
The Australian – Page: 1 & 2 : 9-Feb-18

Workplace Relations Minister Craig Laundy has signalled that the Federal Government may consider amendments to the Fair Work Act aimed at providing greater protection to workers in the enterprise bargaining process. Laundy says there may be a case for strengthening existing provisions of the Act that require workers to be fully informed of the pay and conditions in an enterprise agreement before they vote for it. He has also warned of the potential for huge job losses if a future Labor government were to implements the ACTU’s proposals regarding the minimum wage and workplace laws.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIA. FAIR WORK COMMISSION, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS SUPERMARKETS, McDONALD’S AUSTRALIA LIMITED, KFC

Federal agencies to dodge union deals

Original article by Ewin Hannan
The Australian – Page: 2 : 9-Feb-18

Australian Public Service Commissioner John Lloyd says smaller government agencies are most likely to ditch enterprise agreements under the Coalition’s new policy on public sector bargaining. It allows departments and agencies to opt for alternative workplace arrangements such as common law employment contracts. Lloyd notes that unions tend to have greater influence on workplace negotiations in larger agencies, where enterprise agreements will most likely continue to prevail. The new policy has been criticised by Labor, which has raised the spectre of a return to the WorkChoices era.

CORPORATES
AUSTRALIAN PUBLIC SERVICE COMMISSION, AUSTRALIAN LABOR PARTY, COMMUNITY AND PUBLIC SECTOR UNION

PM switches to plan B on tax reform

Original article by Joe Kelly, Simon Benson
The Australian – Page: 1 & 8 : 9-Feb-18

The Senate is set to reject the Federal Government’s corporate tax cuts package after One Nation and the Nick Xenophon Team advised that they will vote against it. The two minor parties have a combined six seats in the Senate, and just three cross-benchers currently support the tax reforms. The lower house passed the company tax cuts bill on 8 February, and Treasurer Scott Morrison says the Government remains committed to getting the tax cuts through the Senate. However, the package’s looming defeat in the upper house will allow the Government to focus on personal income tax cuts in the May 2018 Budget.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, ONE NATION PARTY, NICK XENOPHON TEAM, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL DEMOCRATIC PARTY, AMP LIMITED – ASX AMP

Use tax cuts to boost wages: ex-BCA boss

Original article by Simon Benson
The Australian – Page: 1 & 4 : 8-Feb-18

Former Business Council of Australia president Tony Shepherd says employees and shareholders of large companies should directly benefit from any reduction in the corporate tax rate via higher wages and increased dividend payouts. Many large companies in the US have announced wage rises in response to the Trump administration’s tax package. However, Treasurer Scott Morrison and Opposition Leader Bill Shorten have questioned the merits of a "social contract" in Australia if across-the-board corporate tax cuts are passed by federal parliament.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, QANTAS AIRWAYS LIMITED – ASX QAN, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, WESFARMERS LIMITED – ASX WES, WOOLWORTHS GROUP LIMITED – ASX WOW, McDONALD’S AUSTRALIA LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, NICK XENOPHON TEAM, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. NATIONAL COMMISSION OF AUDIT

Half of minimum wage workers are rich

Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 8-Feb-18

An analysis of Household Income & Labour Dynamics in Australia data by the Melbourne Institute has concluded that 13 per cent of people on the minimum wage live in households that have the nation’s highest incomes. The analysis suggests that a large proportion people on the minimum wage are students in the 21-34 age group and in many instances live with their parents. The Melbourne Institute also concluded that just 21 per cent of workers live in households for which the minimum wage is the sole source of income.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, AUSTRALIAN LABOR PARTY

Do not resuscitate: enterprise bargaining deserves a burial

Original article by Judith Sloan
The Australian – Page: 12 : 6-Feb-18

The enterprise bargaining system is largely defunct in Australia, with the exception of the public sector and a few private companies. The proportion of employees covered by enterprise agreements has been declining since it peaked in 2010, while the proportion of workers covered by industry awards has risen from 15 per cent to around 25 per cent since then. The Federal Government should pursue reforms such as ensuring that enterprise agreements are no longer allowed to continue beyond their expiry date, because it is almost certain that Labor will seek to revive enterprise bargaining if it wins the next election.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. FAIR WORK COMMISSION, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED