Greens warn Labor stage-three tax cuts will add to inflation and bring little relief for most workers

roymorgansocial Leave a comment

Original article by Paul Karp
The Guardian Australia – Page: Online : 23-Jan-24

Prime Minister Anthony Albanese has given strong indications that further cost-of-living relief will be on the federal government’s agenda at a caucus meeting on Wednesday. However, the government has downplayed reports that it will make changes to the legislated stage-three personal income tax cuts, including retaining the existing top marginal tax rate and increasing the tax-free threshold. Meanwhile, the Greens have written to Treasury Jim Chalmers arguing amongst other things that the tax cuts package is unsustainable, primarily benefits wealthy people and will be inflationary.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY

ACCC must probe food giants on prices: Fels

roymorgansocial Leave a comment

Original article by Ewin Hannan
The Australian – Page: 4 : 23-Jan-24

Former Australian Competition & Consumer Commission chairman Allan Fels has urged the ACCC to conduct a major inquiry into competition and prices in the retail food and grocery industry. Fels recently conducted an ACTU-sponsored inquiry into price gouging, with Fels claiming that supermarkets are not being transparent about the price history of displayed items and their "correlated discounts". While supporting the appointment of former trade minister Craig Emerson to conduct a review of the food and grocery code, Fels says the voluntary code should be made mandatory.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Roy Morgan’s latest Federal voting intention poll shows ALP 52.5% cf. L-NP 47.5% in election winning lead

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 23-Jan-24

Support for Labor has increased 1% to 52.5% ahead of the Coalition on 47.5% (down 1%) on a two-party preferred basis, according to the latest Roy Morgan survey on Federal voting intention. This week saw a confirmation of trends evident a week ago, after the ABS announced lower-than-expected inflation numbers, with ALP support increasing for a second straight week, up 1% to 32.5%, while Coalition support dropped 1% to 36%. The Greens increased 0.5% to 12.5% and One Nation increased 0.5% to 5%. Support for Independents & Other Parties was down 1% to 14%. The latest Roy Morgan survey is based on interviewing a representative cross-section of 1,675 Australian electors from January 15-21.

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

Aussie researchers make huge discovery in melanoma treatment

roymorgansocial Leave a comment

Original article by Parker McKenzie
The New Daily – Page: Online : 23-Jan-24

More than 15,000 people in Australia are diagnosed with melanoma every year. However, a Melbourne-based research team has discovered a T cell that can migrate into tumours and eradicate melanoma. The CD4+ T cells have been injected into mice that have melanoma, and the study’s lead author Dr Emma Bawden says a very small dose of the cells has been able to cure the mice. The researchers are based at Melbourne University and the Peter Doherty Institute.

CORPORATES
UNIVERSITY OF MELBOURNE, UNIVERSITY OF MELBOURNE. PETER DOHERTY INSTITUTE FOR INFECTION AND IMMUNITY

Disney+ signals end to password sharing is near

roymorgansocial Leave a comment

Original article by Sezen Bakan
The New Daily – Page: Online : 23-Jan-24

Streaming video giant Disney+ will join rivals such as Netflix in cracking down on subscribers who share their accounts. Disney+ has updated the terms of its subscriber agreement to explicitly state that customers must not share their subscription outside of their household; Disney+ defines a ‘household’ as the devices associated with a subscriber’s primary place of residence. Victoria University lecturer Marc C-Scott says streaming companies have the right to require people to pay for the service they provide. He adds that cost-of-living pressures are likely to prompt more Australians to switch between streamers and subscription tiers over the next 12-18 months.

CORPORATES
DISNEY+, WALT DISNEY COMPANY, NETFLIX INCORPORATED, VICTORIA UNIVERSITY

Albanese backs sports bodies’ Australia Day snub

roymorgansocial Leave a comment

Original article by Rhiannon Down
The Australian – Page: 3 : 23-Jan-24

Prime Minister Anthony Albanese says the nation needs to stop looking for areas in which "we can be outraged". With Cricket Australia and Tennis Australia not to acknowledge Australia Day at the Gabba Test or the Australian Open on Friday, Albanese refused to back calls by NSW Premier Chris Minns for the two sporting bodies to reconsider their decision. Opposition leader Peter Dutton says Albanese needs to stand up as the leader of our country and tell Cricket Australia and other "corporate wokes" that we should be celebrating Australia Day, while Nationals Leader David Littleproud says it is not the job of sporting codes to "set the moral compass".

CORPORATES
CRICKET AUSTRALIA, TENNIS AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Miners call for critical minerals aid

roymorgansocial Leave a comment

Original article by Peter Ker, Brad Thompson
The Australian Financial Review – Page: 1 & 15 : 23-Jan-24

Shares in Liontown Resources fell almost 22 per cent on Monday after its lending syndicate announced it would withdraw a $760 million it had offered as recently as October. It was prompted by a forecast by commodities’ agency Wood Mackenzie that the price of lithium would remain at around $US950 a tonne until 2028, with Liontown seeking to develop the Kathleen Valley lithium project in Western Australia. Liontown MD Tony Ottaviano says $US950 a tonne is "a very, very low price", while federal Resources Minister Catherine King and WA Mines Minister David Michael are to hold crisis talks with nickel and lithium producers.

CORPORATES
LIONTOWN RESOURCES LIMITED – ASX LTR, WOOD MACKENZIE, AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES, WESTERN AUSTRALIA. DEPT OF MINES, INDUSTRY REGULATION AND SAFETY

Australians say January 26 should be known as Australia Day (68.5%), and say the date of Australia Day should stay on January 26 (58.5%)

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 23-Jan-24

A special Roy Morgan SMS Poll on attitudes to January 26, shows that 68.5% of Australians now say the date should stay as ‘Australia Day’, up 4.5% from a year ago. Only 31.5% (down 4.5%) say January 26 should be called ‘Invasion Day’. Australians are more evenly split on keeping Australia Day on January 26; 58.5% say the date of Australia Day should stay the same, while just 41.5% say the date should be moved. A large majority of men favour January 26 staying as ‘Australia Day’ rather than ‘Invasion Day’ by a margin of over 3:1 (76.5% cf. 23.5%) a significant change from a year ago (69% cf. 31%). In contrast, women are more evenly split with a majority of 61.5% (up 3.5% points from a year ago) in favour of January 26 being known as ‘Australia Day’ compared to 38.5% (down 3.5% points) saying it should be known as ‘Invasion Day’. Although young people are less likely than their older counterparts to support January 26 staying as ‘Australia Day’, and keeping the date, a majority of Australians of all ages say January 26 should be known as ‘Australia Day’. This Roy Morgan SMS Poll was conducted with an Australia-wide cross-section of 1,111 Australians aged 18+ from Wednesday January 17 to Friday January 19.

CORPORATES
ROY MORGAN LIMITED

Teal demand 75pc emissions target by 2035

roymorgansocial Leave a comment

Original article by Rosie Lewis
The Australian – Page: 4 : 17-Jan-24

Teal MPs in Sydney, Melbourne and Perth are pushing for a much more ambitious 2030 emissions reduction target than the federal government’s legislated policy of 43 per cent. Some of them want this target to be reset to around 50 to 60 per cent. The independent MPs contend that people in their electorate want "real "climate action" rather than "another decade of delay". Kylea Tink, Allegra Spender and Kate Chaney are among the teals who advocate stricter emission controls beyond the 2030 target, proposing a 2035 target of around 75 per cent. The government aims to set a 2035 target by February 2024.

CORPORATES

CFMEU to Burke: Stay out of DP World row

roymorgansocial Leave a comment

Original article by Ronald Mizen
The Australian Financial Review – Page: 7 : 17-Jan-24

Workplace Relations Minister Tony Burke is slated to meet with executives from port operator DP World Australia on Thursday. The stevedoring firm is likely to urge the federal government to intervene in its long-running dispute with the Maritime Union of Australia. Opposition leader Peter Dutton recently urged Burke and Prime Minister Anthony Albanese to step in, contending that failure to do so would give the MUA a ‘green light’ to keep pursuing industrial action. However, the CFMEU’s national secretary Zach Smith warns that government intervention in the dispute would set a "dangerous precedent".

CORPORATES
DP WORLD AUSTRALIA PTY LTD, MARITIME UNION OF AUSTRALIA, AUSTRALIA. DEPT OF EMPLOYMENT AND WORKPLACE RELATIONS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA