ALP’s tax reforms will sting its voters

Original article by Adam Creighton, Michael Roddan
The Australian – Page: 5 : 21-Jan-19

Sixteen per cent of those who voted Labor at the 2016 federal election owned an investment property, according to research by the Australian National University. With Labor planning to make changes to negative gearing if it wins the next election, ANU professor Ian McAllister notes that 16 per cent of Labor voters "equates to a lot of voters". He says the fact that Labor plans to grandfather its changes could reduce the possible impact to its vote. Meanwhile, a study of Australian Taxation Office data indicates that over 200,000 voters in Labor-held seats could be affected by its plans to increase capital gains tax.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIAN TAXATION OFFICE, AUSTRALIA. DEPT OF THE TREASURY

Bias against vocational training needs fixing

Original article by Rachel Baxendale
The Australian – Page: 6 : 21-Jan-19

Former New Zealand skills minister Steven Joyce is currently reviewing the vocational education and training sector for the federal government. Submissions to his review are due by 25 January, and he is due to present his findings in March. Joyce says it has become clear to him that there is a bias against VET in Australia in favour of universities, and that he was surprised about the lack of information on VET pathways being given to school leavers.

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIAN LABOR PARTY

Gas prices send Remapak to the wall

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 21-Jan-19

Soaring gas prices have led to polystyrene coffee cup maker Remapak placing itself in administration. Remapak general manager Adam Hope noted that its gas costs had risen by around 400 per cent over the last three years, and that it was spending as much as $120,000 every fortnight on gas. The Sydney-based Remapak has been making foam products for over 40 years, with as many as 60 jobs at risk because of its collapse. Weston Energy MD Garbis Simonian says there will be more business collapses in the future if east coast gas prices are not pushed down to more affordable levels.

CORPORATES
REMAPAK PTY LTD, WESTON ENERGY, WORRELLS SOLVENCY AND FORENSIC ACCOUNTANTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, INCITEC PIVOT LIMITED – ASX IPL

One Nation pulls Palmer preference lifeline

Original article by Jamie Walker, Andrew Burrell
The Australian – Page: 1 & 4 : 21-Jan-19

Businessman Clive Palmer is targeting the marginal seat of Herbert in Queensland as he seeks a return to federal politics. Palmer was elected as MP for the seat of Fairfax in 2013 under what was then the Palmer United Party, but chose not to recontest the seat at the 2016 election. Palmer will seek election under the rebadged United Australia Party, but One Nation leader Pauline Hanson has said it will place the UAP last on its how-to-vote card in Herbert. Palmer’s collapsed Queensland Nickel company is said to owe $300 million, and Hanson says One Nation could not consider giving preferences to Palmer until he pays all his former workers their entitlements

CORPORATES
PALMER UNITED PARTY, ONE NATION PARTY, UNITED AUSTRALIA PARTY, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, KATTER’S AUSTRALIAN PARTY, QUEENSLAND NICKEL PTY LTD

Kennett tells Coalition veterans it’s time to go

Original article by Joe Kelly, Rachel Baxendale
The Australian – Page: 1 & 4 : 21-Jan-19

Former Victorian Premier Jeff Kennett has called on long-serving federal Coalition MPs to follow the example of Kelly O’Dwyer and step down at the next election. Kennett says he does not think O’Dwyer was retiring because she did not believe she could retain her seat; O’Dwyer has stated she is stepping down to spend more time with her family, and Kennett says he takes at "face value" her reasons for not seeking re-election. Kennett said that Kevin Andrews and Julie Bishop were two Coalition MPs that should step down, while Prime Minister Scott Morrison has rejected Bill Shorten’s claim that his MPs were resigning because they thought the government would lose heavily at the next election.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Sector booms as Asians happy to shell out for abalone

Original article by Sue Neales
The Australian – Page: 17 : 21-Jan-19

Australian seafood exports are valued at $1.5 billion, with abalone now its second biggest seafood export. Around 4,000 tonnes of Australian abalone is exported each year, with around a quarter of abalone exports coming from abalone farms in Victoria, South Australia and Tasmania. Yumbah Aquaculture, Australia’s biggest producer of farmed abalone, is planning to construct a new $60 million farm near the Victorian town of Portland. However, the Glenelg Shire Council has received over 300 objections to the proposal.

CORPORATES
GLENELG SHIRE COUNCIL, YUMBAH AQUACULTURE

Opal Tower a sign of industry trouble, says expert

Original article by Anthony Klan
The Australian – Page: 3 : 21-Jan-19

Construction expert David Chandler says he was not surprised about the structural problems that have afflicted Sydney’s Opal Tower. Chandler, who is a former CEO of Fletcher Construction Group and who chaired the inquiry into the flawed $16.2 billion school halls national building project, says little seems to have been done about the problems with building quality that he pointed out almost 10 years ago. He says much of the problem is due to state building regulators lacking the will and the budget resources to properly enforce building standards, along with building ministers being too easily swayed by lobbying from the construction industry.

CORPORATES
FLETCHER CONSTRUCTION LIMITED

Kelly O’Dwyer to retire from federal politics

Original article by Rick Morton, Richard Ferguson
The Australian – Page: Online : 19-Jan-19

Industrial Relations Minister Kelly O’Dwyer will retire from federal politics at the next election. O’Dwyer, who holds the seat of Higgins in Victoria with a margin of just under 10 per cent, rejected suggestions she was quitting because of polling that indicated she might lose the seat. O’Dwyer stated her reasons for retiring were personal, and that she and husband Jon were keen to have a third child. O’Dwyer said she was very confident a woman would be chosen to replace her as the Liberal candidate for Higgins, while Prime Minister Scott Morrison said he had told O’Dwyer that he wants her to remain in her current role until the election.

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

Unemployment in December is 9.7% and under-employment is 8.8%

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jan-19

Australian unemployment of 9.7% (down 0.1%) and under-employment of 8.8% (down 0.8%), are both down on a year ago, driving a 0.9% fall in overall labour under-utilisation to 18.5% (2.5 million). This is according to the latest employment data from Roy Morgan, which shows that the workforce, which comprises employed Australians and those who are unemployed and looking for work, is now 13,376,000, down 34,000 on a year ago. The decrease in employment was driven by a drop in part-time employment of 89,000 to 4,115,000. An increase in full-time employment of 65,000 to 7,959,000 wasn’t enough to offset this drop. Roy Morgan’s real unemployment figure of 9.7% for December is significantly higher than the current Australian Bureau of Statistics estimate for November 2018 of 5.1%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Sky News ramps up coverage

Original article by Lilly Vitorovich
The Australian – Page: Online : 21-Jan-19

The Sky News program ‘Paul Murray LIVE’ is to be broadcast from 10 regional locations in the leadup to the federal election, with the first program in the ‘Our Town, Our Show’ tour coming from Toowoomba on 20 February. Paul Whittaker, the CEO of Sky New’s parent company Australian News Channel, says the broadcasts will be an opportunity to hear the issues of importance to people living outside the big cities. As well as the Paul Murray tour, Sky News is to air new shows hosted by Chris Kenny and Peter Gleeson.

CORPORATES
SKY NEWS, AUSTRALIAN NEWS CHANNEL PTY LTD