AUSTRALIA – POLITICS AND GOVERNMENT

Newstart review will go beyond adequacy of dole

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Original article by Andrew Tillett
The Australian Financial Review – Page: 9 : 13-May-19

Opposition Leader Bill Shorten says he does not intend to pre-empt the findings of the review of Newstart that Labor will conduct if it wins the federal election, and that the review will not just be about increasing the dole. A study commissioned by the Australian Council of Social Service in 2018 concluded that increasing the dole by $75 a week would cost taxpayers $3.3 billion, but that it would deliver $4 billion in economic benefits. ACOSS CEO Cassandra Goldie contends that people on Newstart are the "real victims of growing inequality in Australia".

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, DELOITTE ACCESS ECONOMICS PTY LTD

Multi-million cash splash on poll eve

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Original article by Lilly Vitorovich
The Australian – Page: 23 : 13-May-19

DDB Australia MD Leif Stromnes says Clive Palmer’s total expenditure on political advertising could potentially top $60m by 18 May. Data from Nielsen shows that United Australia Party had already spent some $39.1m on traditional media advertising up to 5 May. Stromnes notes that Palmer has bought reach very effectively, adding that his spending across TV, radio and newspapers is a "massive vote of confidence" for traditional media. The TV and radio advertising blackout on election advertising commences on 16 May, but print and online advertising will still be permitted.

CORPORATES
DDB HOLDINGS AUSTRALIA PTY LTD, UNITED AUSTRALIA PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NIELSEN MEDIA RESEARCH AUSTRALIA, AUSTRALIAN GREENS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, 2GB, GOOGLE INCORPORATED, YOUTUBE INCORPORATED, FACEBOOK INCORPORATED

Bill Shorten warns News Corp against acting like a political party

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Original article by David Crowe
The Sydney Morning Herald – Page: Online : 13-May-19

Opposition Leader Bill Shorten claimed on 12 May that parts of News Corporation appear to be acting like political parties in their "campaigning against Labor" in the lead-up to the federal election. Shorten’s comments followed a recent controversial story about his mother in ‘The Daily Telegraph’. He said he has some sympathy for the threat that traditional media faces from social media companies, but that becoming more frenzied is not the solution to their problems. Shorten called on voters to reject the minor parties in the Senate.

CORPORATES
AUSTRALIAN LABOR PARTY, NEWS CORPORATION – ASX NWS, ONE NATION PARTY, UNITED AUSTRALIA PARTY, AUSTRALIAN BROADCASTING CORPORATION

Mentioned in dispatches: Shorten and Morrison share the coverage spoils

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Original article by Zoe Samios
The Australian – Page: 23 & 25 : 13-May-19

Analysis by Streem shows that Opposition Leader Bill Shorten has been mentioned in the metropolitan press some 25,693 times between 11 April and 9 May, while Prime Minister Scott Morrison was mentioned 24,195 times. Shorten was mentioned 10,042 times on metropolitan TV during this period, while Morrison rated 9,242 mentions. In contrast, Morrison has been mentioned 4,693 times online, compared with 4,628 times for Shorten.

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

Greens rally to Garrett war cry

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Original article by Ben Packham
The Australian – Page: 6 : 10-May-19

The Greens will seek to declare a ‘climate emergency’ when Parliament resumes after the federal election. Their call is in line with that of former environment minister Peter Garrett, who says that if Labor wins the election it should convene a climate emergency summit. Garrett also says a new federal department should be set up to "decarbonise the economy". Opposition finance spokesman Jim Chalmers says Garrett is very passionate about taking genuine action on climate change, while Treasurer Josh Frydenberg has announced a $3.5 billion Climate Solutions Package.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA

Income tax cuts, bigger surpluses

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 10 : 10-May-19

Labor will release the Parliamentary Budget Office’s costings of its election policies on 10 May. The costings show that Labor is projected to deliver a Budget surplus equivalent to one per cent of GDP in 2022-23. In contrast, the Coalition expects to post a surplus in 2022-23 that is just 0.4 per cent of GDP. Meanwhile, Labor’s proposed tax reforms are slated to raise $154bn over 10 years. The costings also show that a Labor government would deliver total tax cuts over the next decade that are similar to those that have been budgeted by the Coalition.

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

Morrison: Business tax cuts are no-go

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Original article by Tom McIlroy, Andrew Tillett
The Australian Financial Review – Page: 12 : 10-May-19

Prime Minister Scott Morrison has refuted suggestions that the Coalition will seek to revive its corporate tax cuts package if wins the election on 18 May. He also says the Coalition did not discuss the issue of company taxes with Clive Palmer’s United Australia Party during negotiations for a preferences deal. Shadow treasurer Chris Bowen recently claimed that company tax cuts will be on the Coalition’s agenda if it is returned to office.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED AUSTRALIA PARTY, AUSTRALIAN LABOR PARTY, ONE NATION PARTY, AUSTRALIA. DEPT OF THE TREASURY, BUSINESS COUNCIL OF AUSTRALIA

Property taxes will hit safe Labor seats

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Original article by Duncan Hughes
The Australian Financial Review – Page: 11 : 10-May-19

The Real Estate Institute of New South Wales has urged Labor to reconsider its proposed negative gearing and capital gains tax reforms. CEO Tim McKibbin says most of the 50 suburbs across Sydney that will be hardest-hit by the reforms are in Labor-held electorates. The median values of rental properties in some of these suburbs have fallen sharply in the last year, and the REISW warns that Labor’s reforms could result in a further decline.

CORPORATES
THE REAL ESTATE INSTITUTE OF NEW SOUTH WALES, AUSTRALIAN LABOR PARTY, HERRON TODD WHITE AUSTRALIA PTY LTD

Kelty in accord with $10bn childcare vow

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Original article by Ewin Hannan
The Australian – Page: 6 : 9-May-19

Labor’s proposal to provide child care workers with a taxpayer-funded wage increase is supported by former ACTU secretary Bill Kelty. He argues that child care workers are "grossly underpaid", and the cost of the policy will not have a significant impact on wages across the economy. Kelty has also downplayed concerns that the policy would prompt employees in other sectors to seek a similar wage subsidy.

CORPORATES
AUSTRALIAN LABOR PARTY, ACTU

Trust tax to bring in $2b a year: Labor

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Original article by Phillip Coorey, John Kehoe
The Australian Financial Review – Page: 4 : 9-May-19

The Parliamentary Budget Office estimates that taxing distributions from family trusts at 30 per cent would raise $7.7bn over four years and $26.9bn over 10 years. This compares with Labor’s forecasts of $4.1bn and $17.2bn respectively when it announced the proposal in mid-2017. Shadow treasurer Chris Bowen has also indicated that Labor’s plan to cap tax deduction for managing tax affairs will raise $375m over four years and $1.6bn over a decade.

CORPORATES
AUSTRALIAN LABOR PARTY