New Zealand proposes taxing cow burps to reduce emissions

Original article by George Wright
BBC News – Page: Online : 12-Oct-22

New Zealand’s agricultural sector accounts for about 50 per cent of the nation’s greenhouse gas emissions. The NZ government has proposed the introduction of a tax on the methane emissions of cows as part of its strategy to counter climate change. However, Federated Farmers national president Andrew Hoggard has warned that the levy may prompt many farmers to sell up. Some critics also contend that the proposal could increase carbon emissions, as food production might shift to countries that have less efficient farming methods.

CORPORATES
FEDERATED FARMERS OF NEW ZEALAND INCORPORATED

Australian unemployment drops to 8.1% in September as employment soars to a record high above 13.7 million

Original article by Roy Morgan
Market Research Update – Page: Online : 12-Oct-22

The latest Roy Morgan employment series data shows that 1.2 million Australians (8.1% of the workforce) were unemployed in September, down 161,000 (1.1%) from August. The number of Australians looking for full-time work fell 57,000 to 535,000 in September, and the number of people looking for part-time work was down 104,000 to 667,000. Some 1.56 million Australians (10.5% of the workforce) were under-employed – working part-time but looking for more work – up 59,000 from August. In total, 2.76 million Australians (18.6% of the workforce) were either unemployed or under-employed in September, up 72,000 on August. Meanwhile, employment increased by 218,000 to a record high of 13,705,000 in September. This was driven by a rise in both full-time employment (up 197,000 to 8,881,000) and part-time employment (up 21,000 to a record high of 4,824,000). Roy Morgan’s unemployment figure of 8.1% for September is more than double the ABS estimate for August of 3.5%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

More than one in five Australians worked from home at height of 2021 lockdowns, census shows

Original article by Caitlin Cassidy, Nick Evershed
The Guardian Australia – Page: Online : 12-Oct-22

Data from the Australian Bureau of Statistics shows that 25 per cent of capital city residents were working from home on Census day in August 2021. Some 20 per cent of people nationwide worked from home on the day of the Census, which coincided with COVID-19 lockdown restrictions across most of eastern Australia. The figures also show that 31 per cent of NSW residents worked from home on Census day, compared with just 4.8 per cent in 2016. Likewise, 26 per cent of people in Victoria were working from home, up from 4.6 per cent in 2016. Australian statistician David Gruen says the 2021 Census provides a "fascinating insight" into how Australians worked and lived during a global pandemic.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS

A majority of Australians have no trust in telcos

Original article by Roy Morgan
Market Research Update – Page: Online : 12-Oct-22

A special Roy Morgan telecommunications industry Trust Survey asked Australians about the telecommunications companies they trust and distrust, and what worried them about the recent data breach at Optus. The survey reveals that the data breach has driven distrust across the industry, with a majority of Australians indicating that they have either no trust in any telco or that they distrust all telcos. Unsurprisingly, Optus is currently the most distrusted telecommunications brand in Australia with more people now saying they distrust Optus than trust, which is a substantial difference to what was seen in the recent Roy Morgan Risk Report of August 2022 which had only a marginal Net distrust score. The normally deeply distrusted Telstra appears to have been the main beneficiary, with results indicating that more respondents say that they trust Telstra compared to those who distrust the brand. We also asked respondents what worries them about the Optus data breach; what is clear from the responses is that the data breach has made Australians highly aware and concerned about the risks of data piracy and privacy in general. This special Roy Morgan Snap SMS survey was conducted with an Australia-wide cross-section of 1,241 Australians aged 18+ on September 28-29, 2022.

CORPORATES
ROY MORGAN LIMITED, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS

Traditional owners compare FMG damage to Juukan Gorge

Original article by Brad Thompson
The Australian Financial Review – Page: 20 : 12-Oct-22

Fortescue Metals Group faces a compensation claim from the Yindjibarndi people over the construction of its Solomon iron ore hub in the Pilbara. The compensation claim is based on a Federal Court ruling that part of the Solomon hub was built without the permission of the traditional owners. Fortescue has been accused of destroying sacred and significant sites, and the Yindjibarndi’s compensation claim will be based on factors such as cultural loss, pain and suffering, and economic loss. The Yindjibarndi Aboriginal Corporation has likened the cultural significance of the traditional owners’ losses to Rio Tinto’s destruction of ancient Indigenous rock shelters at Juukan Gorge.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, FEDERAL COURT OF AUSTRALIA, YINDJIBARNDI ABORIGINAL CORPORATION, RIO TINTO LIMITED – ASX RIO

Almost 200,000 robodebt cases to be wiped as Albanese government condemns shameful scheme

Original article by Josh Butler
The Guardian Australia – Page: Online : 12-Oct-22

The federal government has advised that it will not proceed with reviews of 197,000 welfare recipients who were alleged to have been overpaid via the Coalition’s "robodebt" scheme. The reviews of these people’s income and welfare payments were suspended in 2019 after concerns emerged about the ill-fated scheme. The government will announce on Wednesday that these cases will be officially ‘wiped’. The government announced a royal commission into the robodebt scheme in August.

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APRA warns on bank cyber risks

Original article by Cliona O’Dowd
The Australian – Page: 13 & 19 : 12-Oct-22

Australian Prudential Regulation Authority chairman Wayne Byres has told a parliamentary committee hearing that a cyber attack on one of the nation’s financial institutions is inevitable. Byres said the sector has invested significantly in protecting their systems from hackers, but it is only a matter of time before a hacker is successful. He added that it is equally important to invest in response capabilities so any breaches are detected quickly and action is taken to limit the damage. S&P Global Ratings recently warned that Australia’s regional banks in particular are vulnerable to data breaches.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, S&P GLOBAL RATINGS

No lap of honour as Xi loses his hero status

Original article by Robert Gottliebsen
The Australian – Page: 20 : 5-Oct-22

Chinese President Xi Jinping appears to have the numbers to be given a third term at the Communist Party’s upcoming 20th National Congress. However, nothing has gone right for Xi in the last year, and he no longer has hero status. Xi made a serious mistake in not making it very clear to Russian President Vladimir Putin immediately prior to the Beijing Winter Olympics that China would oppose an invasion of Ukraine; Putin delayed the invasion until after the Olympics. The invasion will also dash Xi’s grand vision to link the Pacific to the Atlantic via fast rail; the rail line would have to pass through both Russia and Ukraine, and Putin had almost certainly assured Xi that victory would come quickly. Meanwhile, China’s property industry is in crisis and COVID-19 lockdowns are hitting the economy.

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Almost three-quarters of dating app users subjected to online sexual violence, study finds

Original article by Tobias Jurss-Lewis
abc.net.au – Page: Online : 5-Oct-22

Research undertaken by Roy Morgan on behalf of the Australian Institute of Criminology shows that 72.3 per cent of dating app users have been subjected to online sexual violence in the past five years. One in three users had been subjected to in-person sexual violence perpetrated by someone they had met on a dating app or website; this includes being physically or verbally pressured into performing unwanted sexual acts or having their drink spiked. The study, which surveyed 9,987 Australians aged 18+ who used dating apps, found that two-thirds reported being sexually harassed and almost half had been sent an unwanted explicit picture or video.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN INSTITUTE OF CRIMINOLOGY

Miners say they’re pawns in IR inquiry

Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 5-Oct-22

The Minerals Council of Australia has criticised a Senate committee’s decision to require industry representatives to appear before its inquiry into a bill on labour hire firms that has been put forward by One Nation’s Malcolm Roberts. MCA CEO Tanya Constable argues that it is not necessary as the industry is already consulting with the federal government regarding its own proposed ‘same job, same pay’ legislation. Labor’s 2022 federal election platform included a commitment to crack down on the use of labour hire workers in sectors such as mining.

CORPORATES
MINERALS COUNCIL OF AUSTRALIA, ONE NATION PARTY, AUSTRALIAN LABOR PARTY