Morrison doubles family aid payments

Original article by Olivia Caisley
The Australian – Page: 4 : 16-Jan-20

The federal government has announced changes to its family assistance payments for bushfire victims. Families have already received a disaster recovery payment of $400 per child; Prime Minister Scott Morrison has indicated that they will shortly receive an additional $400 for each child, at a cost of $7.9m. The government will also relax the paperwork requirements of volunteer firefighters who claim compensation for loss of income while serving on the bushfires frontline.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

No more carbon cuts, PM warned

Original article by Rosie Lewis
The Australian – Page: 1 & 5 : 16-Jan-20

Some Coalition MPs say that the federal government must not make significant changes to its carbon emission reduction targets in response to the bushfires crisis. Prime Minister Scott Morrison has indicated that the nation will exceed its 2030 target of reducing emissions by 26-28 per cent; he has also emphasised that a range of measures in response to climate change are needed, rather than simply reducing emissions. Former National Party leader Barnaby has called for the construction of nuclear power plants in Australia, as well as clean-coal power stations. Sources within the government have suggested that reviving the national energy guarantee policy is unlikely.

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

State review not in conflict with PM’s

Original article by Rachel Baxendale
The Australian – Page: 4 : 15-Jan-20

The Victorian government has advised that its bushfires inquiry will be headed by Tony Pearce, the state’s Inspector General for Emergency Management. Prime Minister Scott Morrison says this inquiry will have no impact on the federal government’s plans for a bushfires royal commission, stating that he had always expected the states to undertake their own bushfire reviews. Premier Daniel Andrews says he recently held talks with Morrison with regard to the proposed federal inquiry.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET

Recovery funds to hit budget

Original article by Geoff Chambers, Rosie Lewis, Patrick Commins, Ean Higgins
The Australian – Page: 1 & 4 : 15-Jan-20

Prime Minister Scott Morrison has confirmed that the Budget bottom line will be impacted by the federal government’s disaster relief measures. However, Morrison has stressed that his priority is to provide bushfire victims with the support they need, now and over the next several years. The government has announced an initial $100m funding package to support farmers, fishers and foresters who have been affected by the bushfires. Details of a $50m funding package for charities and financial counsellors to assist bushfire victims will be announced on 15 January.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Technology is the key to climate policy

Original article by John Kehoe, Andrew Tillett
The Australian Financial Review – Page: 3 : 14-Jan-20

Prime Minister Scott Morrison has indicated a slight shift in the federal government’s approach to climate change in the wake of the bushfires crisis. This follows community angst about the apparent link between climate change and the hotter and drier summer weather that contributed to the crisis. The government sees investments in low-emissions technology as the best way to cut carbon emissions and meet its 2030 carbon emissions targets, and it may not need to use Kyoto carryover credits to reach these targets.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Climate threatens ratings: Moody’s

Original article by David Rogers
The Australian – Page: 13 & 16 : 14-Jan-20

A report from Moody’s Investors Service has concluded that the bushfire crisis will reduce GDP growth by less than 0.1 per cent. The ratings agency adds that the federal and state governments have sufficient fiscal buffers to cope with the current crisis, but it warns that an increase in climate change-related natural disasters in the future could negatively affect their credit ratings. Meanwhile, Anthony Walker of S&P says the federal government’s return to a Budget surplus may be delayed by the bushfire emergency, although he adds that this would be unlikely to have any effect on Australia’s credit rating.

CORPORATES
MOODY’S INVESTORS SERVICE INCORPORATED, S&P GLOBAL RATINGS

PM courts states for fire inquiry

Original article by Ben Packham
The Australian – Page: 1 & 4 : 10-Jan-20

Prime Minister Scott Morrison has emphasised that a national inquiry into the bushfire crisis will only go ahead if it has the support of state governments. He has also told Coalition MPs that it could take the form of a royal commission or a judicial inquiry. Meanwhile, some Liberal backbenchers contend that the Coalition will need to revise its climate change policy in the wake of the bushfire disaster. Morrison has defended the government’s record on climate change, stating that carbon emissions have fallen by 50 million tonnes a year on average since the Coalition took office in 2013.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

No tax on disaster payments for fire-stricken Aussies

Original article by David Crowe
The Age – Page: Online : 9-Jan-20

The federal government has advised that the one-off Disaster Recovery Allowance for bushfire victims will be exempt from income tax. The government will introduce legislation to this effect when Parliament resumes in early February, and it is expected to be supported by Labor. Meanwhile, Prime Minister Scott Morrison says accommodation operators in fire-affected areas have been hard hit by the disaster, and he has urged people to support them by not cancelling their bookings and seeking a refund.

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

PM’s $2bn recovery vow

Original article by Ben Packham, Olivia Caisley
The Australian – Page: 1 & 4 : 7-Jan-20

The federal government will provide the National Bushfire Recovery Agency with initial funding of $2bn, which will be used to support communities that have been devastated by the bushfires. The funding will be used to rebuild critical infrastructure, provide grants to small businesses and farmers, and to offer mental health support for people who have been affected by the disaster. Prime Minister Scott Morrison has emphasised that recovering from the bushfires is a greater priority for the government than a Budget surplus. He adds that the government’s climate change policies will not be reviewed as a result of the disaster.

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

PM stumps up for fire crisis

Original article by Rosie Lewis
The Australian – Page: 1 & 2 : 6-Jan-20

The federal government has appointed former Australian Federal Police commissioner Andrew ­Colvin to head its national bushfire recovery agency. It will finance the reconstruction of critical infrastructure that has been damaged or destroyed, as well as providing income and mental health support for people who have been affected by the disaster. Prime Minister Scott Morrison has ruled out asking the states to match the federal government’s funding. Natural Disaster and Emergency Management Minister David Littleproud has stressed the need to ensure that government support is tailored to each community that has been affected by the bushfires.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF TREASURY AND FINANCE, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIAN FEDERAL POLICE