AUSTRALIA – POLITICS AND GOVERNMENT

Petrol: PM’s tough talk won’t work

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Original article by Phillip Coorey, Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 4 : 31-Oct-18

The average price of unleaded petrol has risen to a 10-year high of more than $1.60 per litre. Prime Minister Scott Morrison has flagged government intervention to put downward pressure on prices. However, he says it is ultimately up to petrol companies to "do the right thing". Caltex argues that the high crude oil price and the low Australian dollar are the main drivers of the spike in petrol prices. It adds that the government’s fuel excise tax of $0.412 a litre is also a major contributor, but government sources have ruled out an excise tax cut.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, CALTEX AUSTRALIA LIMITED – ASX CTX, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LIBERAL PARTY OF AUSTRALIA, VERTIUM ASSET MANAGEMENT PTY LTD, AUSTRALIAN INSTITUTE OF PETROLEUM LIMITED

Greens in push to slug rich to boost the dole

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Original article by Adam Creighton
The Australian – Page: 2 : 30-Oct-18

Greens leader Richard Di Natale will announce plans to impose a minimum tax rate of 35 per cent on earnings in excess of $300,000 a year. The proposal, which has been costed by the Parliamentary Budget Office, would raise around $10.5 billion a year, with the funds raised to be used to increase unemployment benefits by $75 per week. The Greens are also seeking to revive Labor’s failed super-profits tax on mining companies.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY

Spy chief says Huawei a threat to key infrastructure

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Original article by Angus Grigg, Nick McKenzie
The Australian Financial Review – Page: 1 & 2 : 30-Oct-18

The federal government’s decision in August to ban "high-risk vendors" from building a 5G mobile network has been backed by Mike Burgess, the director-general of the Australian Signals Directorate. He says Australia’s critical infrastructure such as power and water networks would not have been able to be properly protected if such vendors had been allowed to build the 5G network. Although he did not mention them by name, it is assumed that Burgess was referring to Chinese firms Huawei and ZTE. Meanwhile, the Australian Strategic Policy Institute has expressed concern about the level of collaboration between Australian universities and Chinese military scientists.

CORPORATES
AUSTRALIAN SIGNALS DIRECTORATE, HUAWEI TECHNOLOGIES COMPANY LIMITED, ZTE CORPORATION, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, SINGTEL OPTUS PTY LTD, VODAFONE AUSTRALIA LIMITED, UNIVERSITY OF NEW SOUTH WALES

Morrison to boost small end of town

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Original article by John Kehoe
The Australian Financial Review – Page: 1 & 6 : 29-Oct-18

The federal government is understood to be working on various measures aimed at assisting small business. They include helping small companies to get paid more quickly by larger firms, increasing their access to finance and improving dispute resolution with the Australian Taxation Office. Tax Commissioner Chris Jordan recently criticised suggestions that the ATO has a vendetta against small business, while Assistant Treasurer Stuart Robert says the government will review measures aimed at protecting small businesses against unfair contract terms.

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. OFFICE OF THE AUSTRALIAN SMALL BUSINESS AND FAMILY ENTERPRISE OMBUDSMAN

LaTrobe University Bold Thinking Series – Is Democracy Broken featuring Roy Morgan CEO Michele Levine, Tony Walker, Mark Textor and others (Video)

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Oct-18

The high turnover of Prime Ministers in Australia suggests a democratic system showing signs of a broader political malaise. Analysing the state of Australian politics means understanding the interplay of "trust" and, even more importantly "distrust" in politics. (Vid 15:40). Levine asserts that "Trust is more important than ever before. When we’re all unnerved and uncertain, trust is absolutely critical. So trust is really the foundation of all human connections. It’s the glue." (Vid: 23:15). Levine on the importance of polls even considering the challenges faced in this day and age: "It’s really really important and we shouldn’t knock these polls completely. Polls are actually the voice of the people" and "Our leaders really need to understand what people, everybody’s fears, are." (Vid: 1:04:30) Roy Morgan Executive Chairman Gary Morgan posed a question about Australian democracy – to Katharine Murphy of the Guardian – "What have you done about correcting the error on what you published in the Guardian the ReachTel poll commissioned by Greenpeace" (on the Wentworth by-election). Murphy responded by expressing concern about "single seat polls" and "the rise of activists groups commissioning polls in order to massage public opinion in various ways and a lot of those activist commissioned polls have push poll questions that elicit certain responses from voters". For the full video of the discussion access the video here:

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ROY MORGAN LIMITED

Windfall tax take balancing the books

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Original article by David Uren
The Australian – Page: 4 : 26-Oct-18

New figures show that the federal government had a balanced Budget in the 12 months to September, with cash receipts and expenditure both totalling $257.4bn. Meanwhile, the deficit for the first three months of 2018-19 was just $10.5bn, well below the forecast of $19.5bn in May. The figures also show that company tax revenue was 13.8 per cent higher than in the first quarter of 2017-8 and personal income tax revenue was 6.3 per cent higher. Finance Minister Mathias Cormann says the improved Budget position will be at risk if Labor wins the next election.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY

Cut power bills by new year or else

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 24-Oct-18

The Business Council of Australia has warned that some of the federal government’s proposed measures to put downward pressure on electricity prices could create investment uncertainty. Amongst other things, energy retailers will be required to offer default price contracts from mid-2019, while energy companies could be forced to divest assets if they fail to take sufficient action. The government also proposes to underwrite investment in new reliable energy sources. Prime Minister Scott Morrison says reducing electricity prices and cutting carbon emissions are not mutually exclusive.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN ENERGY COUNCIL, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING, AUSTRALIAN ENERGY REGULATOR, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Voters will clip cocky Labor’s wings: Pyne

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Original article by Michael Owen, Luke Griffiths
The Australian – Page: 4 : 24-Oct-18

Defence Minister Christopher Pyne has accused Labor of being overconfident about its chances of winning the next federal election. Pyne holds the seat of Sturt in South Australia with a margin of 5.9 per cent. However, Labor senator Don Farrell believes that Pyne’s chances of retaining the seat have been significantly reduced following the ousting of former prime minister Malcolm Turnbull, who was popular in Sturt. Meanwhile, counting of votes in the Wentworth by-election is continuing; independent candidate Kerryn Phelps had 51.05% of the vote on a two-party preferred basis at 3.3pm on Tuesday.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Industrial ‘anarchy’: MP warns

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Original article by Dana McCauley
The Age – Page: 1 : 23-Oct-18

Employer groups estimate that the ACTU’s "Change the Rules" rallies will cost $250 million in lost productivity. Meanwhile, Industrial Relations Minister Kelly O’Dwyer claims that the ACTU is inciting union members to break the law, and that Australia faces a "bleak future" if a Labor government changes industrial relations laws to please the ACTU. The peak union body contends that the rallies should be viewed as political protests rather than industrial action.

CORPORATES
ACTU, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, THE AUSTRALIAN INDUSTRY GROUP, FEDERAL COURT OF AUSTRALIA

McGowan threat to unruly Nationals

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 23-Oct-18

Independent MP Cathy McGowan has signalled that she may not continue to support the federal government on confidence and supply if there is a change of leadership at the National Party. McGowan has warned that her constituents in rural Victoria would not welcome more leadership turmoil in Canberra. The future of Nationals leader Michael McCormack has been under scrutiny, amid speculation that he may face a challenge from predecessor Barnaby Joyce.

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