O75 Public Administration

Senate deal could see whistleblower bounty

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Original article by Matthew Knott, Georgia Wilkins
The Age – Page: 4 : 23-Nov-16

Senate crossbenchers Nick Xenophon and Derryn Hinch have warned that the Australian Government will face a backlash if it tries to back down on a deal to increase protection for whistleblowers. The Government agreed to the reforms in return for support for its bill to establish a registered organisations commission. The US system of paying bounties to whistleblowers is being considered by a parliamentary inquiry, which will report its recommendations by mid-2017.

CORPORATES
NICK XENOPHON TEAM, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION, 7-ELEVEN STORES PTY LTD, GRIFFITH UNIVERSITY

ANZ-Roy Morgan Australian Consumer Confidence Rating falls 2.3% to 115.5

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Nov-16

ANZ-Roy Morgan Australian Consumer Confidence fell 2.3% to 115.5 in the week ended 20 November 2016, after a 0.3% rise the previous week. The fall was driven primarily by a decline in households’ views on the economic outlook. Their views on financial conditions, on the other hand, have improved. Households’ views on economic conditions over the next 12 months and five years fell a sharp 5.6% and 7.5% respectively, partially reversing the gain over the past three weeks.. Households’ views towards their finances compared to a year ago rose 2.1% this week after a 0.8% fall the previous week. Meanwhile, households’ views towards their future finances remained unchanged after a 1.2% fall last week. Both sub-indices remain well above their long run averages.

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

ABCC could lead to rise in wages

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 10 : 18-Nov-16

Alice DeBoos, a partner at law firm K&L Gates, warns that wages in the construction sector could increase due to the Federal Government’s proposed building code. She says enterprise bargaining agreements that have been made since April 2014 will need to be renegotiated in order to comply with the code, and unions will seek a trade-off in return for scrapping non-compliant clauses. Senator Nick Xenophon and the Australian Industry Group have also expressed concern about the retrospective nature of the code.

CORPORATES
K&L GATES LLP, NICK XENOPHON TEAM, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF EMPLOYMENT, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA

More than a million workers want to work longer hours

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Original article by Josh Gordon
The Age – Page: 7 : 18-Nov-16

Figures from the Australian Bureau of Statistics show a high level of underemployment. Among those with a job, 8.7 per cent of employees would like to work longer hours. Sue Richardson, from the National Institute of Labor Studies at Flinders University, says underemployment usually affects those with low levels of education because of the gradual disappearance of jobs in manufacturing.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, FLINDERS UNIVERSITY, JP MORGAN AUSTRALIA LIMITED

Spike in full-time work puts jobs market doom in shade

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Original article by Jacob Greber
The Australian Financial Review – Page: 5 : 18-Nov-16

Official data shows that Australia gained a net 98,000 jobs in October 2016. The creation of 41,500 full-time jobs has offset a 31,700 fall in part-time positions during the month. The nation’s unemployment rate was unchanged at 5.6 per cent, while there was an 0.9 per cent increase in the number of hours worked. The data also shows that 133,000 part-time jobs have been created so far in 2016, while the economy has shed 89,000 full-time jobs.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, RESERVE BANK OF AUSTRALIA, COMMONWEALTH SECURITIES LIMITED, HSBC AUSTRALIA HOLDINGS PTY LTD

Employers fear deals at risk with federal code

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Original article by Ewin Hannan
The Australian – Page: 5 : 17-Nov-16

The Federal Government’s proposed building code will apply retrospectively to enterprise agreements signed since April 2014. Employers want the code to apply only to agreements struck after the code takes effect. Employment Minister Michaelia Cash has stressed that anxiety about the code is not warranted as it would apply only to new government contracts. The code will be introduced if the Australian Building & Construction Commission legislation is passed by Parliament.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, THE AUSTRALIAN INDUSTRY GROUP

PM offers changes to secure IR bills

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Original article by David Crowe
The Australian – Page: 5 : 17-Nov-16

The Australian Government is willing to make amendments to its industrial relations bills in order to gain the Senate’s support when Parliament resumes. The Government will push ahead with the bill to establish a Registered Organisations Commission on 21 November 2016, and the proposed amendments are believed to include protection for whistleblowers and a stricter audit regime. The bill to reinstate the Australian Building & Construction Commission will be debated on 22 November. The bills will require the support of at least eight cross-benchers.

CORPORATES
AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, FAMILY FIRST PARTY AUSTRALIA LIMITED, NICK XENOPHON TEAM, ONE NATION PARTY, LIBERAL DEMOCRATIC PARTY

Trump tax cuts must be matched

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Original article by Jacob Greber, Phillip Coorey, Misa Han
The Australian Financial Review – Page: 1 & 6 : 17-Nov-16

Federal Treasurer Scott Morrison says official data showing that annual wages growth fell below two per cent in the September 2016 quarter demonstrates the need for company tax reform. He adds that Australia will become less competitive if it does not cut the tax rate and US president-elect Donald Trump reduces company taxes to 15 per cent. Business Council of Australia CEO Jennifer Westacott will also highlight the need for corporate tax reform at the organisation’s annual dinner on 17 November.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, BUSINESS COUNCIL OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NICK XENOPHON TEAM, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN BUREAU OF STATISTICS, LIBERAL DEMOCRATIC PARTY, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, RESERVE BANK OF AUSTRALIA

China, Australia to push for new trade bloc

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Original article by Lisa Murray
The Australian Financial Review – Page: 1 & 5 : 15-Nov-16

The Chinese Government hopes the demise of the proposed 12-nation Trans-Pacific Partnership will provide the impetus to proceed with the Free Trade Area of the Asia Pacific. China has been advocating the FTAAP trade bloc as an alternative to the TPP since 2014, as the nation was not a participant in the TPP. Australia also supports the FTAAP, according to Trade Minister Steve Ciobo. A regional trade agreement is likely to be on the agenda for the upcoming Asia Pacific Economic Co-operation summit meeting in Peru.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, FREE TRADE AREA OF THE ASIA PACIFIC, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ASIA-PACIFIC ECONOMIC CO-OPERATION, AUSTRALIAN NATIONAL UNIVERSITY. EAST ASIAN BUREAU OF ECONOMIC RESEARCH, AUSTRALIAN LABOR PARTY, RMIT UNIVERSITY, CHINA INSTITUTE OF INTERNATIONAL STUDIES

Business forced to train locals

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 15-Nov-16

Federal Opposition Leader Bill Shorten will outline plans aimed at ensuring that employers give priority to hiring and training Australian workers rather than using the 457 visa system to fill labour shortages. Data shows that more than 95,000 temporary foreign workers are currently employed on 457 visas in 20 industries. The Opposition has also signalled that it will closely scrutinise any future free trade agreements to ensure that Australian workers are not disadvantaged.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TRANS-PACIFIC PARTNERSHIP, ASIA-PACIFIC ECONOMIC CO-OPERATION, ONE NATION PARTY, AUSTRALIAN GREENS