O75 Public Administration

Poles and wires sale no threat to budget: Baird

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Original article by Geoff Winestock
The Australian Financial Review – Page: 1 & 12 : 19-Mar-15

New South Wales Premier Mike Baird has downplayed concerns raised by UBS about the potential impact of the proposed electricity network privatisation on the state’s Budget. The "poles and wires" contribute about $A700m to government coffers each year, but Baird argues that the loss of this revenue will be offset by an economic benefit of $A300m over two decades arising from the state’s asset-recycling program. He also does not expect the unpopularity of the Federal Government to affect the state election

CORPORATES
NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, UBS HOLDINGS PTY LTD, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, NEW SOUTH WALES. THE TREASURY, LIBERAL PARTY OF NEW SOUTH WALES, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL FOR THE AUSTRALIAN FEDERATION, RESERVE BANK OF AUSTRALIA

Hockey claim for ‘substantial’ damages in Fairfax case

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Original article by Marianna Papadakis
The Australian Financial Review – Page: 2 : 18-Mar-15

The defamation case brought by Federal Treasurer Joe Hockey against Fairfax Media continued on 17 March 2015. Hockey is being represented by Bruce McClintock, SC, who told the court that in addition to general damages his client should receive aggravated damages. McClintock argued that the three Fairfax newspapers that published the allegedly defamatory articles should be treated separately in any assessment of general damages

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. DEPT OF THE TREASURY, NORTH SYDNEY FORUM, LIBERAL PARTY OF AUSTRALIA

Iron ore budget hole gets bigger

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Mar-15

Prime Minister Tony Abbott says his government will balance the Budget in about five years’ time. However, the continued fall in the price of iron ore since late 2014 is expected to reduce government revenue by $A1.8bn a year. The mid-year Budget update had forecast an average iron ore price of $US60 per tonne, but it has since traded at a low of $US56. Meanwhile, Education Minister Christopher Pyne will press ahead with university reforms, despite the bill being rejected by the Senate for a second time on 17 March 2015

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIA. DEPT OF SOCIAL SERVICES, LIBERAL PARTY OF AUSTRALIA, DELOITTE ACCESS ECONOMICS PTY LTD

Mike Baird set to lead L-NP to clear victory in NSW Election

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 17-Mar-15

A special SMS Morgan Poll on State voting intention has found that support for the New South Wales Coalition on a two-party preferred basis has risen by three per cent to 55.5 per cent. The poll, which was carried out from 13-15 March 2015, also shows that support for the Australian Labor Party has fallen by three per cent to 44.5 per cent. Roy Morgan Research executive chairman Gary Morgan says that despite Mike Baird taking a controversial position in support of the sale of electricity assets, it appears that he has done enough over the past year to convince electors to elect him as Premier in his own right on 28 March

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF NEW SOUTH WALES, NATIONAL PARTY OF AUSTRALIA, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, CHRISTIAN DEMOCRATIC PARTY, NEW SOUTH WALES. INDEPENDENT COMMISSION AGAINST CORRUPTION

University deregulation looks doomed

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 17-Mar-15

The Australian Government has failed to gain enough support for its proposal to deregulate universities. The proposed legislation is likely to be rejected by the Senate. Senators Nick Xenophon, Jacqui Lambie, Glenn Lazarus, Dio Wang and Ricky Muir indicated that they would vote against deregulation. The vote will take place on 18 March 2015

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, UNIVERSITIES AUSTRALIA LIMITED, THE GROUP OF EIGHT LIMITED

Unions push for casual worker rights

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Original article by Ewin Hannan
The Australian Financial Review – Page: 6 : 17-Mar-15

The ACTU wants casual workers to have a legal right to compulsory arbitration when employers do not "bargain in good faith". The ACTU will present its views on the matter in a submission to the Productivity Commission’s inquiry into workplace relations. The Australian Industry Group argues in its submission that workplace agreements should include a mandatory clause about measures to improve productivity

CORPORATES
ACTU, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. PRODUCTIVITY COMMISSION

Turnbull swings back at Murdoch

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Original article by Dominic White, Jared Lynch
The Australian Financial Review – Page: 1 & 6 : 17-Mar-15

Communications Minister Malcolm Turnbull insists that Australians have the right to watch major sporting events on free-to-air TV. His declaration, made on 16 March 2015, was not well received by media magnate Rupert Murdoch, who wrote on Twitter that Turnbull was motivated by the desire to protect the interests of his "buddies" at Nine Entertainment Company. Turnbull’s most important recommendation is the abolition of the "reach rule", which prevents metropolitan TV broadcasters from merging with regional TV stations

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN FOOTBALL LEAGUE, FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, TWITTER INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, FAIRFAX MEDIA LIMITED – ASX FXJ, FREE TV AUSTRALIA LIMITED, MINTER ELLISON, SEVEN WEST MEDIA LIMITED – ASX SWM

Turnbull risks wrath of moguls

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Original article by Dominic White, Jared Lynch
The Australian Financial Review – Page: 1 & 8 : 16-Mar-15

Southern Cross Media Group CEO Rhys Holleran and Fairfax Media CEO Greg Hywood are among the industry executives who support cross-media ownership reforms proposed by Communications Minister Malcolm Turnbull. These including abolishing the reach rule and the two-out-of-three rule. However, Turnbull’s proposal to retain the anti-siphoning list for sports broadcasts has attracted criticism from Foxtel CEO Richard Freudenstein and News Corp Australia CEO Julian Clarke

CORPORATES
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. DEPT OF COMMUNICATIONS, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, WIN CORPORATION PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GOOGLE INCORPORATED, NETFLIX INCORPORATED, TELSTRA CORPORATION LIMITED – ASX TLS, LIBERAL PARTY OF AUSTRALIA, PRIME MEDIA GROUP LIMITED – ASX PRT, DISCOVERY COMMUNICATIONS INCORPORATED, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

ACCC bill faces Senate defeat

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Original article by Ewin Hannan
The Australian Financial Review – Page: 7 : 13-Mar-15

The Federal Government’s attempt to reinstate the Australian Building & Construction Commission is unlikely to be successful. The legislation proposed by the Government is likely to be defeated in the Senate. Crossbench senators Ricky Muir, Jacqui Lambie and John Madigan have vowed to vote against it

CORPORATES
AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, FAIR WORK BUILDING AND CONSTRUCTION, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MASTER BUILDERS OF AUSTRALIA

Rinehart blames high costs on government

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Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 19 & 24 : 12-Mar-15

Billionaire Gina Rinehart says high labour costs have a bigger impact on the profitability of Australian mining companies than low commodity prices. She stated on 11 March 2015 that the regulatory burden is too heavy and costly for companies. Roy Hill Holdings CEO Barry Fitzgerald revealed that the company had to seek more than 4,000 approvals for its iron ore mine in the Pilbara region of Western Australia

CORPORATES
ROY HILL HOLDINGS PTY LTD, POSCO AUSTRALIA PTY LTD, MARUBENI AUSTRALIA LIMITED, CHINA STEEL AUSTRALIA LIMITED, CLIFFS NATURAL RESOURCES INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET