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ALP maintains election winning lead over Coalition in early May for third straight week: ALP 52% cf. L-NP 48%

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-24

The Albanese Labor Government has retained the lead for the third week in a row with support unchanged on 52%, ahead of the Coalition on 48% (also unchanged) on a two-party preferred basis. If a Federal Election were held now the ALP would be re-elected with a slim majority as they have now, the latest Roy Morgan survey shows. Despite a clear election winning lead, primary support for the ALP dipped 1.5% to 30% this week. The news early last week that a grandmother in Perth had been bashed in a home invasion by a freed immigration detainee put further pressure on the government’s policy on immigration detention over the week. Support for the Coalition increased 0.5% to 37% while support for the Greens dropped 1% to 13%. Looking at the minor parties, support for One Nation was up 0.5% to 6%. Support for Independents was up 0.5% to 8.5% and support for Other Parties was up 1% to 5.5%. The latest Roy Morgan survey is based on interviewing a representative cross-section of 1,666 Australian electors from April 29 to May 5. Further details will be released in Roy Morgan’s weekly video update presented by CEO Michele Levine.

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

Canberra cash critical for offshore wind energy’s future

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Original article by Rachel Baxendale
The Australian – Page: 6 : 7-May-24

Victorian is seeking to generate 2GW of electricity from offshore wind by 2032 and as much as 9GW by 2040, as part of its renewable energy target of 95 per cent by 2035. The state government has announced that it is on track for its first offshore wind auction in 2025, while Victorian Energy Minister Lily’Ambrosio has stated that federal government funding is essential to Victoria’s goal of an offshore wind industry. However, energy market expert David Leitch does not think Victoria is the ideal location for renewable energy, and that it may need to become a net importer of renewable energy that has been generated in other states.

CORPORATES
VICTORIA. DEPT OF ENERGY, ENVIRONMENT AND CLIMATE ACTION

Chalmers to fight inflation, then spend

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Original article by Ronald Mizen
The Australian Financial Review – Page: 1 & 4 : 7-May-24

The federal government’s budget on 14 May will show that Australia’s gross debt has risen to $904bn in 2023-24; this is about $152bn lower than was forecast ahead of the 2022 federal election. However, the nation’s debt-to-GDP ratio is expected to rise from 33.7 per cent in the current financial year to 35.1 per cent by 2025-26. Meanwhile, Treasurer Jim Chalmers has signalled that combating inflation will be the key focus of the 2024 budget, while he has flagged an increase in government spending over the forward estimates period.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY

Hamas accepts Gaza ceasefire proposal as Israel strikes Rafah

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Original article by Sam Mednick, Josef Federman, Bassem Mroue
The Australian Financial Review – Page: Online : 7-May-24

Hamas has confirmed that it will accept a ceasefire proposal that is being brokered by mediators Qatar and Egypt in the latest attempt to end the war with Israel. Details of the proposed ceasefire have not been disclosed, and Israeli Prime Minister Benjamin Netanyahu says it does not meet his nation’s essential demands; however, Netanyahu has indicated that he will send negotiators to continue talks on the deal. Meanwhile, the Israeli Defense Forces have confirmed that "targeted strikes" have begun in the southern Gaza town of Rafah, where about 1.4 million Palestinians have sought refuge. Israel advised people in Rafah to evacuate the town ahead of the military operation.

CORPORATES

Chalmers to fight inflation, then spend

roymorgansocial Leave a comment

Original article by Ronald Mizen
The Australian Financial Review – Page: 1 & 4 : 7-May-24

The federal government’s budget on 14 May will show that Australia’s gross debt has risen to $904bn in 2023-24; this is about $152bn lower than was forecast ahead of the 2022 federal election. However, the nation’s debt-to-GDP ratio is expected to rise from 33.7 per cent in the current financial year to 35.1 per cent by 2025-26. Meanwhile, Treasurer Jim Chalmers has signalled that combating inflation will be the key focus of the 2024 budget, while he has flagged an increase in government spending over the forward estimates period.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY

Canberra cash critical for offshore wind energy’s future

roymorgansocial Leave a comment

Original article by Rachel Baxendale
The Australian – Page: 6 : 7-May-24

Victorian is seeking to generate 2GW of electricity from offshore wind by 2032 and as much as 9GW by 2040, as part of its renewable energy target of 95 per cent by 2035. The state government has announced that it is on track for its first offshore wind auction in 2025, while Victorian Energy Minister Lily’Ambrosio has stated that federal government funding is essential to Victoria’s goal of an offshore wind industry. However, energy market expert David Leitch does not think Victoria is the ideal location for renewable energy, and that it may need to become a net importer of renewable energy that has been generated in other states.

CORPORATES
VICTORIA. DEPT OF ENERGY, ENVIRONMENT AND CLIMATE ACTION

ALP maintains election winning lead over Coalition in early May for third straight week: ALP 52% cf. L-NP 48%

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-24

The Albanese Labor Government has retained the lead for the third week in a row with support unchanged on 52%, ahead of the Coalition on 48% (also unchanged) on a two-party preferred basis. If a Federal Election were held now the ALP would be re-elected with a slim majority as they have now, the latest Roy Morgan survey shows. Despite a clear election winning lead, primary support for the ALP dipped 1.5% to 30% this week. The news early last week that a grandmother in Perth had been bashed in a home invasion by a freed immigration detainee put further pressure on the government’s policy on immigration detention over the week. Support for the Coalition increased 0.5% to 37% while support for the Greens dropped 1% to 13%. Looking at the minor parties, support for One Nation was up 0.5% to 6%. Support for Independents was up 0.5% to 8.5% and support for Other Parties was up 1% to 5.5%. The latest Roy Morgan survey is based on interviewing a representative cross-section of 1,666 Australian electors from April 29 to May 5. Further details will be released in Roy Morgan’s weekly video update presented by CEO Michele Levine.

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

Hamas accepts Gaza ceasefire proposal as Israel strikes Rafah

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Original article by Sam Mednick, Josef Federman, Bassem Mroue
The Australian Financial Review – Page: Online : 7-May-24

Hamas has confirmed that it will accept a ceasefire proposal that is being brokered by mediators Qatar and Egypt in the latest attempt to end the war with Israel. Details of the proposed ceasefire have not been disclosed, and Israeli Prime Minister Benjamin Netanyahu says it does not meet his nation’s essential demands; however, Netanyahu has indicated that he will send negotiators to continue talks on the deal. Meanwhile, the Israeli Defense Forces have confirmed that "targeted strikes" have begun in the southern Gaza town of Rafah, where about 1.4 million Palestinians have sought refuge. Israel advised people in Rafah to evacuate the town ahead of the military operation.

CORPORATES

PM set to invest big in green hydrogen

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Original article by Sarah Ison, Rosie Lewis, Jess Malcolm
The Australian – Page: 1 & 5 : 1-May-24

The federal government’s budget on 14 May is expected to include a significant investment in ‘green’ hydrogen. This is tipped to exceed the $2bn that Labor committed to its Hydrogen Headstart program in 2023. Clean Energy Council CEO Kane Thornton notes that the government considered that investment to be a "down payment" on its support for Australia’s nascent hydrogen industry. There is speculation that the government will provide the hydrogen industry with direct subsidies; the options under consideration are said to include a tax credit model and a reverse auction process.

CORPORATES
CLEAN ENERGY COUNCIL LIMITED

National/ ACT/ NZ First (53%) lead over Labour/ Greens/ Maori (43%) – cut to 10% points in April

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-May-24

Roy Morgan’s New Zealand Poll for April 2024 shows the new National-led Government (National, ACT & NZ First) with a majority of 53% (down 3% points from March) , with a large lead over the Labour-Greens-Maori Party Parliamentary Opposition on 43% (up 2.5% points). Support for National was down 1.5% to 36.5%, support for ACT decreased 0.5% points to 11% and support for NZ First was down 1% to 5.5%. Support for Labour was up 1.5% to 24.5% while support for the Greens was down 0.5% to 13% and support for the Maori Party was up 1.5% points to 5.5%. A further 4% (up 0.5% points) of electors supported a minor party outside Parliament. The survey results for April would lead to 66 seats (down two seats from the election) being won by the National/ ACT/ NZ First governing coalition, compared to only 54 seats (down one seat) for the Opposition. This latest New Zealand Roy Morgan Poll on voting intention was conducted by telephone – both landline and mobile – with a New Zealand-wide cross-section of 934 electors from March 25 to April 21. Meanwhile, the Roy Morgan Government Confidence Rating increased by 4.5pts to 85.5 in April.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, NATIONAL PARTY OF NEW ZEALAND, ACT NEW ZEALAND, NEW ZEALAND FIRST PARTY, LABOUR PARTY (NEW ZEALAND), GREEN PARTY OF AOTEAROA NEW ZEALAND, THE MAORI PARTY