Party message missed the mark, says Hastie

Original article by
The Australian – Page: 5 : 7-Jul-16

Liberal Party MP Andrew Hastie has retained the seat of Canning with a margin of 6.2 per cent, after a swing against him of 5.1 per cent in the federal election. Hastie is the latest Coalition MP to criticise the Liberal Party’s election campaign, noting that policies such as company tax cuts and the innovation agenda had little relevance for many Australians. Hastie also says Coalition backbenchers must be consulted regarding any negotiations with crossbenchers.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Legal woes mount for CFMEU

Original article by Ben Butler
The Australian – Page: 2 : 5-Jul-16

The liquidator of two failed building contractors has alleged that officials and employees of the militant Construction, Forestry, Mining & Energy Union threatened to commit unlawful acts. It has also been alleged that they attempted to induce subcontractors at a Melbourne construction site to break their contracts. The Federal Court recently fined the CFMEU some $A180,000 for its role in an illegal blockade of a construction site.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, FEDERAL COURT OF AUSTRALIA, SUPREME COURT OF VICTORIA, BORAL LIMITED – ASX BLD, GROCON PTY LTD, PENTRIDGE VILLAGE PTY LTD, WEST HOMES AUSTRALIA PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, CAPITAL FINANCE AUSTRALIA LIMITED, IMPROVED CONCRETE PUMPING SERVICES, AUSTRALIAN LABOR PARTY

Hung parliament lifts risk of credit downgrade

Original article by David Uren
The Australian – Page: 1 & 4 : 5-Jul-16

Standard & Poor’s is tipped to review Australia’s "AAA" credit rating in the wake of the federal election. S&P has indicated that the nation’s credit rating may be downgraded unless the next government can implement measures to reduce the Budget deficit. Fitch Ratings has also warned of the potential for a downgrade if a hung parliament results in policies that further increase the deficit. However, Moody’s notes that Australia’s government debt remains much lower than the majority of developed economies.

CORPORATES
STANDARD AND POOR’S CORPORATION, FITCH RATINGS LIMITED, MOODY’S INVESTORS SERVICE INCORPORATED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, RESERVE BANK OF AUSTRALIA

Shorten calls for Turnbull to fall on sword

Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 5-Jul-16

Anthony Albanese has ruled out a leadership challenge if the Australian Labor Party loses the 2016 federal election. Meanwhile, Opposition Leader Bill Shorten says Prime Minister Malcolm Turnbull should accept responsibility for the "farcical" situation in the Senate and resign, arguing that his voting reforms have resulted in greater instability in the upper house. Turnbull will also come under pressure from the National Party to be given an additional cabinet portfolio if the Coalition is re-elected.

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

Turnbull faces Liberal revolt

Original article by Dennis Shanahan, David Crowe
The Australian – Page: 1 & 4 : 4-Jul-16

Prime Minister Malcolm Turnbull has held preliminary talks with key crossbenchers, who could determine the outcome of the federal election. However, Coalition ministers and backbenchers will insist on being consulted by Turnbull regarding any deals with the crossbenchers. Meanwhile, Turnbull has attracted criticism over the Coalition’s election campaign, but senior Coalition MPs have expressed support for him.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN LABOR PARTY, AUSTRALIAN ELECTORAL COMMISSION, NICK XENOPHON TEAM, SKY NEWS, RADIO NATIONAL

Numbers don’t stack up for joint sitting on unions crackdown

Original article by Laura Tingle
The Australian Financial Review – Page: 6 : 4-Jul-16

Resources Minister Josh Frydenberg has conceded that the Federal Government would not have sufficient numbers to pass its industrial relations reforms in a joint sitting of parliament following the 2016 federal election. With the Coalition uncertain to be returned to office, it seems likely to have a combined maximum of 108 of the 226 seats in the upper and lower houses. Legislation to reinstate the Australian Building & Construction Commission was a trigger for the double-dissolution election.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA

Turnbull policies face big Senate hurdle

Original article by Fleur Anderson
The Australian Financial Review – Page: 6 : 4-Jul-16

The Australian Government’s changes to the Senate voting system may result in more crossbenchers in the new upper house. The future of some key Coalition policies is uncertain, even if it is returned to office. These include superannuation reforms and plans to progressively reduce the company tax rate. The Coalition would need the support of the Opposition, the Greens or most of the crossbenchers.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NICK XENOPHON TEAM, JUSTICE PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN ELECTORAL COMMISSION

Turnbull must leave the Lodge and the parliament – now

Original article by Terry McCrann
Herald Sun – Page: 3 : 4-Jul-16

Even if the Coalition is returned to office as a minority government, Malcolm Turnbull cannot be permitted to remain in the role of prime minister. He must either resign or be sacked by the Liberal Party, or the National Party must withdraw its support for the coalition if Turnbull remains at the helm. He has lost the healthy majority in parliament gained under predecessor Tony Abbott in 2013, while the Senate voting reforms have made the upper house even more dysfunctional and ensured that the Coalition cannot get its legislation passed.

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

Serious money on Coalition: bookies

Original article by Michael Koziol, Nicole Hasham
The Canberra Times – Page: 6 : 1-Jul-16

Bookmakers say that betting trends suggest that the Australian Government will be re-elected on 2 July 2016. The Australian Labor Party’s chances of winning have lengthened to $A7, according to Centrebet’s odds, compared with $A1.10 for the Coalition. However, experience shows that the odds are not always a reliable guide. Labor won the 2015 election in Queensland despite punters backing the Coalition, while the odds suggested that Britons would vote to remain in the European Union.

CORPORATES
CENTREBET INTERNATIONAL LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, LIBERAL-NATIONAL PARTY OF QUEENSLAND, SPORTSBET AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD

Burn the votes

Original article by Ellen Whinnett, Rob Harris, Annika Smethurst
Herald Sun – Page: 1 & 4 : 1-Jul-16

There is concern within the Australian Labor Party that the dispute over union control of Victoria’s Country Fire Authority may cost it the federal election. Labor must win 21 seats nationwide in order to win the election, but it now seems unlikely to win the Victorian marginal seats of Dunkley and Corangamite due to the CFA dispute. Some federal Labor MPs have criticised the handling of the dispute by Premier Daniel Andrews, with federal Opposition Leader Bill Shorten also expressing dissatisfaction with the state government’s actions.

CORPORATES
AUSTRALIAN LABOR PARTY, VICTORIA. COUNTRY FIRE AUTHORITY, VICTORIA. DEPT OF PREMIER AND CABINET, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, VICTORIA. DEPT OF JUSTICE AND REGULATION, GALAXY RESEARCH PTY LTD