Coalition fury as former Liberal minister and new climate chair rejects nuclear power

Original article by David Crowe
The Sydney Morning Herald – Page: Online : 25-Jun-24

The federal government is under scrutiny after advising that Matt Kean will succeed Grant King as chairman of the Climate Change Authority. Kean is a former NSW Liberal treasurer and energy minister, who has expressed opposition to adding nuclear power to Australia’s energy mix. Kean says nuclear energy would have bankrupted his state due to the cost and length of time to build nuclear power stations. The federal Opposition is yet to disclose the likely cost of the seven nuclear power plants that it plans to build if it wins the next election.

CORPORATES
AUSTRALIA. CLIMATE CHANGE AUTHORITY, LIBERAL PARTY OF NEW SOUTH WALES, LIBERAL PARTY OF AUSTRALIA

Roy Morgan Poll: ALP edges ahead of Coalition on two-party preferred: ALP 51% cf. L-NP 49%

Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-24

The ALP Government is now ahead of the Coalition on two-party preferred after Opposition Leader Peter Dutton put nuclear energy at the centre of the Coalition’s policies for the Federal election.: ALP 51% (up 1%) cf. L-NP 49% (down 1%). If a Federal Election were held now the result would be a hung parliament with the ALP likely to form a minority government with the support of minor parties and independents, the latest Roy Morgan survey shows. The swing to the ALP was strongest in NSW (ALP: +3.5%), WA (ALP: +4.5%) and SA (ALP: +5%). There was no swing to either party in Victoria while in Queensland the LNP gained a swing of 3.5% against the national trend. Primary support for the Coalition was down 1% to 37% this week while the ALP closed the gap, up 2% to 31.5%. Support for the Greens was down 0.5% to 13%, support for One Nation increased 1% to 6%, support for Other Parties was down 1.5% to 4% and support for Independents was unchanged at 8.5%.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

Andrew Giles released four people from immigration detention without strictest conditions

Original article by Paul Karp
The Guardian Australia – Page: Online : 25-Jun-24

Documents obtained under freedom of information laws have revealed that Immigration Minister Andrew Giles released at least four people from immigration detention on visas without the strictest conditions, with Giles using his personal powers to do so. In doing so, Giles bypassed an independent board despite the people in question likely to be impacted by the High Court’s ruling on indefinite detention; non-citizens who have been released as a result of that ruling receive bridging visas R, which attract new strict conditions of curfews and electronic monitoring.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, HIGH COURT OF AUSTRALIA

Nuclear debate could undermine AUKUS

Original article by Ben Packham
The Australian – Page: 5 : 25-Jun-24

Prime Minister Anthony Albanese does not expect the nation’s current debate on nuclear energy to have any impact on bipartisan support for the AUKUS alliance. However, Peter Dean from the United States Studies Centre has emphasised the need for a factually informed, evidence-based discussion on the issue of nuclear power. He adds that the alliance is not based on Australia having a civil nuclear industry, and that the scale and size of the reactors in the AUKUS nuclear-powered submarines is very different to a civil nuclear power industry. Professor Dean was the lead author of the federal government’s Defence Strategic Review.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNIVERSITY OF NEW SOUTH WALES. UNITED STATES STUDIES CENTRE

Labor moves to break up CFMEU after Setka stoush

Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 19-Jun-24

Workplace Relations Minister Tony Burke will introduce a bill to parliament next week to enable the CFMEU’s manufacturing division to demerge. The proposed legislation will allow the division to apply to the Fair Work Commission to leave the construction-dominated CFMEU. The federal government has been prompted to push ahead with the bill in response to demands from the CFMEU’s Victorian state secretary John Setka for the AFL to sack its head of umpiring due to his former role as head of the defunct Australian Building & Construction Commission. The CFMEU’s mining division has previously demerged to form its own union.

CORPORATES
CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION, AUSTRALIA. DEPT OF EMPLOYMENT AND WORKPLACE RELATIONS, AUSTRALIAN FOOTBALL LEAGUE, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

Raising the age of criminal responsibility set for 2025 as Victorian government unveils mammoth youth justice bill

Original article by Kieran Rooney, Rachel Eddie
The Age – Page: Online : 19-Jun-24

The Victorian government’s proposed changes to youth justice laws will include a two-year trial of electronic monitoring and codifying the existing legal presumption of doli incapax. The government still intends to increase the age of criminal responsibility from 10 to 12, although it has conceded that this may be delayed until 2025; Youth Justice Minister Enver Erdogan says this will ultimately be raised to 14, although Monique Hurley from the Human Rights Law Centre says the government should do so immediately. The 1,000-page youth justice bill was introduced to parliament on Tuesday, and the government will need the support of crossbenchers in the upper house to ensure its passage.

CORPORATES
VICTORIA. DEPT OF JUSTICE AND COMMUNITY SAFETY, HUMAN RIGHTS LAW CENTRE LIMITED

Fights over pay rises challenge bold NSW budget prediction

Original article by John Kehoe, David Marin-Guzman
The Australian Financial Review – Page: 10 : 19-Jun-24

The NSW government’s budget papers show that the state is forecast to post a deficit of $3.6bn in 2024-25; NSW is also projected to record larger-than-expected deficits for nine consecutive years. However, factors such as a higher tax take from stamp duty and land tax will boost state government revenue by $10.7bn over the four-year forward estimates period. Much of the budget’s forecasts are based on expectations that public sector wage growth will be capped at 3.5 per cent a year and total employee expenses growth will be limited to 3.2 per cent; some unions are seeking pay rises of up to 25 per cent over four years.

CORPORATES

Coalition MPs meet to sign off on proposed nuclear reactor locations

Original article by Clare Armstrong, Jade Gailberger
Herald Sun – Page: Online : 19-Jun-24

A number of Coalition MPs have stated that they expect Opposition Leader Peter Dutton to unveil its nuclear policy on Wednesday. The policy – and the likely location of nuclear power stations – was discussed at a shadow cabinet meeting on Tuesday night; it will then be put to a full party room meeting ahead of an official announcement. A Coalition source has indicated that the Callide and Tarong coal-fired power stations in Queensland have been identified as future sites for nuclear reactors, while Victoria’s LaTrobe Valley is said to have been ruled out.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Roy Morgan Business Confidence drops 2.3pts to 97.0 in May after under-whelming Federal Budget

Original article by Roy Morgan
Market Research Update – Page: Online : 19-Jun-24

In May 2024, Roy Morgan Business Confidence was 97.0 (down 2.3pts since April 2024) and still just marginally below the neutral level of 100. Business Confidence is now 14.2pts below the long-term average of 111.2, although it is up 6.7pts since May 2023. Now 52% (down 0.1ppts) of businesses expect ‘good times’ for the Australian economy over the next year, while 45% (up 1ppt) expect ‘bad times’. Meanwhile, only 38% (down 3ppts) of businesses say the next 12 months will be a ‘good time to invest’ in growing the business (the lowest figure for this indicator since the early days of the pandemic in April 2020), while 42.6% (up 6.1ppts) say the next 12 months will be a ‘bad time to invest’. The latest Roy Morgan Business Confidence results for May are based on 1,513 detailed interviews with a cross-section of Australian businesses from each State and Territory.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence recovers 3.3pts to 80.3 following the King’s Birthday long weekend

Original article by Roy Morgan
Market Research Update – Page: Online : 19-Jun-24

ANZ-Roy Morgan Consumer Confidence rose 3.3pts to 80.3 in the week to 16 June, although it has now spent a record 72 straight weeks below the mark of 85. Consumer Confidence is now 7.9 points above the same week a year ago (72.4), but it is still 1.7 points below the 2024 weekly average of 82.0. Consumer Confidence has increased in most States, but the measure is virtually unchanged in Victoria. Now 18% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (unchanged) say their families are ‘worse off’. Looking forward, 33% (up 6ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 4ppts) expect to be ‘worse off’. Now 9% (up 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 35% (down 4ppts) expect ‘bad times’. Meanwhile, 21% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 50% (down 1ppt) say now is a ‘bad time to buy’.

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