‘We’ll lift social media access age in first 100 days’: Dutton

Original article by Sarah Ison
The Australian – Page: 4 : 13-Jun-24

Opposition leader Peter Dutton says legislation to ban children under the age of 16 from accessing social media would be a top priority for a Coalition government. Dutton says the Coalition will introduce such legislation within its first 100 days in office if it wins the next federal election. Communications Minister Michelle Rowland contends that many social media platforms already have age limits, but they are often not enforced and can be easily bypassed. She notes that the federal government is investing $6.5m in a trial of age assurance technology.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT, COMMUNICATIONS AND THE ARTS

Union launches BHP same pay challenge

Original article by David Marin-Guzman
The Australian Financial Review – Page: 10 : 13-Jun-24

The Mining & Energy Union has filed 10 applications in the Fair Work Commission to increase the wages of BHP’s labour hire workers under the federal government’s ‘same job, same pay’ laws. The initial applications cover about 1,700 workers at three of BHP’s coal mines in Queensland’s Bowen Basin who are employed by WorkPac, Chandler McLeod and BHP’s own Operations Services subsidiary. The union is pushing for these workers to receive pay rises of between $10,000 and $40,000 in order to achieve pay parity with BHP’s direct employees. The MEU is expected to make further applications against BHP.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MINING AND ENERGY UNION, WORKPAC PTY LTD, CHANDLER MACLEOD GROUP LIMITED

Weak PM, Allan blamed as Setka loses plot over AFL

Original article by David Marin-Guzman, Patrick Durkin
The Australian Financial Review – Page: 3 : 13-Jun-24

The AFL has expressed support for its head of umpiring, Stephen McBurney, amid threats from the CFMEU to launch a ‘work-to-rule’ campaign on league-related construction projects unless he is sacked. McBurney is the former head of the Australian Building & Construction Commission, and the CFMEU’s Victorian state secretary John Setka has described him as ‘anti-worker’. Opposition Leader Peter Dutton says the CFMEU is "out of control" and accused Prime Minister Anthony Albanese of being too weak to stand up to a "union bully". The Victorian Opposition has in turn criticised Premier Jacinta Allan for failing to condemn the union’s actions.

CORPORATES
CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION, AUSTRALIAN FOOTBALL LEAGUE, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET

Dutton’s surprise climate policy proves he ‘can’t be taken seriously’, Albanese says

Original article by Karen Middleton, Josh Butler
The Guardian Australia – Page: Online : 13-Jun-24

The Coalition’s stance on climate policy is under scrutiny after Opposition leader Peter Dutton indicated that its 2030 emissions reduction target will not be disclosed until after the federal election. Prime Minister Anthony Albanese has criticised his refusal to commit to a firm emissions target; he contends that Dutton cannot be taken seriously as the alternative prime minister without a serious policy on energy and climate. However, the Coalition has emphasised that it remains committed to the Paris climate agreement and a net zero emissions target of 2050.

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

ANZ-Roy Morgan Consumer Confidence plunges 3.5pts to 77.0 in the first full week of winter – lowest so far this year

Original article by Roy Morgan
Market Research Update – Page: Online : 13-Jun-24

ANZ-Roy Morgan Consumer Confidence fell 3.5pts to 77.0 in the week to 9 June, and it has now spent a record 71 straight weeks below the mark of 85. However, Consumer Confidence is still 4.3 points above the same week a year ago (72.7), but 5 points below the 2024 weekly average of 82.0. Consumer Confidence dropped sharply in Victoria, WA and SA, and down in NSW, but it was unchanged in Queensland. Now 19% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 53% (up 2ppts) say their families are ‘worse off’. Looking forward, 27% (down 4ppts) of Australians expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator so far this year), while 36% (up 1ppt) expect to be ‘worse off’ (the highest figure for this indicator so far this year). Now 7% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months (the lowest figure for this indicator so far this year, while 39% (up 4ppts) expect ‘bad times’ (the highest figure for this indicator so far this year). Meanwhile, 22% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 51% (up 2ppts) say now is a ‘bad time to buy’.

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

PM plays down Chinese-owned lithium plant

Original article by Andrew Tillett
The Australian Financial Review – Page: 5 : 13-Jun-24

Chinese Premier Li Qiang will visit a lithium processing plant at Kwinana during his official trip to Australia. The plant’s major stakeholder is a China-based company, and Prime Minister Anthony Albanese has rejected suggestions that the federal government’s Future Made in Australia policy is being undermined by Chinese investment in critical minerals projects. He says Labor values foreign investment, although he adds that the nation must "move up the value chain" rather than merely exporting mineral resources.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

‘We will cause misery’: vengeful Setka stands over AFL

Original article by Ewin Hannan
The Australian – Page: 1 & 2 : 12-Jun-24

The Construction, Forestry & Maritime Employees’ Union has called for the dismissal of the AFL’s head of umpiring, Stephen McBurney. The CFMEU’s Victorian state secretary John Setka says the union will not pursue outright strike action, but it is prepared to impose a "work to rule" campaign on league-related construction projects while McBurney remains in his role. He adds that this will result in delays and cost over-runs on projects such as the new AFL stadium in Hobart. McBurney is the former head of the Australian Building & Construction Commission, which actively targed the CFMEU over breaches of workplace laws prior to its abolition after Labor took office in 2022.

CORPORATES
CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION, AUSTRALIAN FOOTBALL LEAGUE, AUSTRALIAN BULK ALLIANCE PTY LTD, AUSTRALIAN LABOR PARTY

Dutton delays climate target, blasts teals

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 12-Jun-24

Opposition leader Peter Dutton says a Coalition government would scrap Labor’s legislated 2030 target to reduce carbon emissions by 43 per cent on 2005 levels. He contends that this target is not achievable and would result in higher power prices. Dutton adds that the Coalition will not release its alternative emissions reduction target until after the federal election, stating that it will take into account the "prevailing economic conditions" at the time. Dutton has also reiterated the Coalition’s support for a net zero emissions target of 2050. Meanwhile, he contends that teal MPs are out of touch with average families who are struggling to pay their power bills, and argues that some of them are essentially Greens.

CORPORATES
LIBERAL PARTY OF AUSTRALIA

Melbourne Institute & Roy Morgan – Taking The Pulse of the Nation: Australians are still feeling the financial pinch and are more vulnerable to potential unexpected costs

Original article by Roy Morgan
Market Research Update – Page: Online : 12-Jun-24

Taking the Pulse of the Nation (TTPN) surveys the Australian population to capture their sentiments and behaviours related to current economic and social issues. Rising housing prices, utility bills, medical bills, and everyday expenses like food have been contributing to an increased risk in Australia for people becoming vulnerable and falling into poverty. Using the February TTPN survey data, we examine cost-of-living challenges based on residents in a high-, medium-, or low-poverty community. We find that regardless of community type, financial challenges remain high across the board. High and medium-poverty communities report higher rates of food challenges compared to low-poverty communities. For all other challenges (housing, utility bills, and medical needs) there is a high share of individuals across all communities reporting such challenges. The number of individuals reporting these types of challenges is higher compared to 2023. To view all Melbourne Institute – Roy Morgan Taking The Pulse of the Nation Reports visit the TTPN website portal: https://melbourneinstitute.unimelb.edu.au/data/ttpn.

CORPORATES
ROY MORGAN LIMITED, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

Economy on track for soft landing: Chalmers

Original article by Patrick Commins, Geoff Chambers
The Australian – Page: 4 : 12-Jun-24

Treasurer Jim Chalmers will use a speech on Wednesday to defend the federal government’s high-spending 14 May budget. He will contend that it would be irresponsible for the government to cut its expenditure too deeply in the current environment of flat economic growth and high interest rates. He will also state that Labor’s "more balanced approach" will bring inflation under control without "crunching the economy". Chalmers will in turn state that the government is "cautiously confident" that the economy will experience a ‘soft landing’.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY