AUSTRALIA – POLITICS AND GOVERNMENT

Treasurer’s push to ease SME squeeze

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 9 : 1-Nov-19

The federal government will seek to make it easier for small and medium enterprises to access credit by urging banks to waive responsible lending standards for the sector. Treasurer Josh Frydenberg notes that the distinction between a small business loan and a personal loan is often a grey area, given that small business owners often use their family home as security when taking out a loan. Council of Small Business of Australia CEO Peter Strong says banks often advise small business owners to take out a personal loan instead, as they are cheaper and less complicated.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Call to include clean coal in PM power push

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Original article by Olivia Caisley, Joe Kelly
The Australian – Page: 5 : 31-Oct-19

Shine Energy CEO Ashley Dodd says the Clean Energy Finance Corporation’s mandate should be expanded to include replacing Australia’s existing coal-fired power plants with high-efficiency, low-emissions plants. The federal government will inject an additional $1bn into the CEFC, but it has specifically ruled out using the extra funding to invest in new coal-fired plants or to upgrade existing plants. National Party MP Keith Pitt supports expanding the CEFC’s mandate to embrace all energy sources.

CORPORATES
SHINE ENERGY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

PM’s $1bn clean energy bet

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Original article by Geoff Chambers
The Australian – Page: 1 & 4 : 30-Oct-19

The federal government will establish a Grid Reliability Fund, which will be administered by the Clean Energy Finance ­Corporation. The new fund will invest in projects that increase the reliability of energy supplies and transmission infrastructure, and help to reduce electricity prices. Such projects include the ones that are on the short-list for the Underwriting New Generation Investments scheme. The government will also inject an additional $1bn into the CEFC.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, TRANSGRID, AUSTRALIAN ENERGY REGULATOR, AUSTRALIAN ENERGY MARKET COMMISSION

‘We’re not doing it’: PM quickly nixes call to raise GST

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 29-Oct-19

Prime Minister Scott Morrison has ruled out any changes to the goods and services tax regime without seeking a mandate from voters. Morrison has indicated that the federal government looked at broadening the GST when he was Treasurer, but such a move was deemed to have little economic benefit. Liberal senator Dean Smith recently broke ranks with his Coalition colleagues by advocating an increase in the rate and scope of the GST, arguing that the additional revenue would allow the states to abolish payroll taxes.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, NEW SOUTH WALES. THE TREASURY

Unions push for jail terms for wage theft

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 4 : 29-Oct-19

The ACTU has urged the federal government to introduce harsher penalties for employers who underpay their staff. Its submission to the government’s compliance discussion paper advocates a maximum jail term of five years or a fine of up to $2m for individuals and $10m for a company. The Australian Chamber of Commerce & Industry has in turn expressed concern about imposing criminal penalties for breaches of workplace laws. It has argued that such penalties should also apply to the Construction, Forestry, Maritime, Mining & Energy Union.

CORPORATES
ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA

Explosive, gobsmacking statements by Tax Commissioner raise serious concerns about democracy, the rule of law and cover-up

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Original article by Ken Phillips
Self-Employed Australia – Page: Online : 28-Oct-19

Tax Commissioner Chris Jordan used an appearance before the Senate Economics Legislation Committee on 23 October to refute claims that the Australian Taxation Office can recover unpaid tax debts by taking money directly out of people’s bank accounts. The allegation was aired in advertisements funded by the ‘Right to Know’ campaign. Jordan says the ATO only takes action such as garnishee orders as a last resort, but there is documented evidence that the ATO emptied at least one person’s bank account and did not inform them of this until 10 days later. The ATO must be reigned in, but this is unlikely to happen until the federal government considers that the ATO is doing damage to it politically.

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. SENATE ECONOMICS LEGISLATION COMMITEE

Setka not going anywhere, says union

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Original article by Ewin Hannan
The Australian – Page: 4 : 25-Oct-19

The CFMMEU’s national conference in Adelaide has passed a motion calling on Labor to oppose exploitative free-trade agreements. Dave Noonan, the head of the union’s construction division, has criticised Labor leader Anthony Albanese for agreeing to support ‘sell-out’ free trade deals. He also said the CFMMEU’s Victorian secretary John Setka had the full support of delegates at the national conference and he will not resign. Noonan added that Setka’s resignation from Labor will have no impact, arguing that many of the CFMMEU’s leaders have not been party members.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF EMPLOYMENT, SKILLS, SMALL AND FAMILY BUSINESS, AUSTRALIA. ATTORNEY-GENERAL’S DEPT

Union bill set to pass, with or without Setka

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Original article by Phillip Coorey, Joanna Mather
The Australian Financial Review – Page: 4 : 25-Oct-19

The federal government is believed to have secured Centre Alliance’s support for the Ensuring Integrity Bill after agreeing to some changes to the draft legislation. Independent senator Jacqui Lambie maintains that she will back the legislation unless John Setka resigns as the Victorian secretary of the Construction, Forestry, Maritime, Mining & Energy Union. Industrial Relations Minister Christian Porter has in turn urged Labor to sever its ties with the militant union, arguing that the problem is "much bigger" than Setka.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIA. DEPT OF EMPLOYMENT, SKILLS, SMALL AND FAMILY BUSINESS, CENTRE ALLIANCE, ONE NATION PARTY

Attorney-General hits out at press campaign

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Original article by Joe Kelly
The Australian – Page: 2 : 25-Oct-19

Attorney-General Christian Porter has rejected suggestions that journalists should receive a blanket exemption from national security and criminal laws. Responding to the Right to Know campaign, Porter argued that allowing the media industry to contest the issuance of a warrant against a journalist could potentially stop the police from preventing a serious crime. He conceded that there is scope for changes in some areas, such as Freedom of Information laws.

CORPORATES
AUSTRALIA. ATTORNEY-GENERAL’S DEPT, WIKILEAKS

Paris on radar in green surge

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Original article by Graham Lloyd
The Australian – Page: 1 & 7 : 24-Oct-19

Research by the Australian National University has spent 11 times the global average on renewable energy in recent years. The researcher conclude that the nation will be able to meet its Paris emissions reduction targets without needing to use Kyoto carryover credits if this level of investment is sustained. The ANU researchers also forecast that Australia’s carbon emissions will fall by 3-4 per cent between 2020 and 2022 as a result of the investment in renewables.

CORPORATES
AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY