AUSTRALIA – POLITICS AND GOVERNMENT

Now ‘too close to call’ in New South Wales as Baird support slips while ALP has slight lead in Western Australia and a clear lead in Victoria

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 9-Sep-16

In NSW the Baird Government has now lost its strong lead: L-NP 50.5% (down 3%) cf. ALP 49.5% (up 3%) and in WA the Mark McGowan-led ALP Opposition now has the lead heading towards next year’s WA State Election: ALP 51% (up 2%) cf. L-NP 49% (down 2%). In Victoria support for the Andrews Government is virtually unchanged with two-party support: ALP 55.5% cf. L-NP 44.5% while in Queensland support for the ALP 50% (unchanged) is level with the L-NP 50% (unchanged). This SMS Morgan Poll on State voting intention was conducted in August with a representative cross-section of 5,490 Australian electors.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED

Turnbull suggests foreign donor ban

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Original article by Primrose Riordan
The Australian Financial Review – Page: 5 : 9-Sep-16

Prime Minister Malcolm Turnbull has suggested allowing only those who are eligible to vote to make political donations. The issue of political donations gained national prominence after revelations that Australian Labor Party senator Sam Dastyari accepted payments from Chinese-backed companies. The Liberal Party of Australia wants the Joint Standing Committee on Electoral Matters to suggest appropriate changes, but the Opposition says the matter is urgent.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, FORTESCUE METALS GROUP LIMITED – ASX FMG

Shamed Dastyari bites the dust

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Original article by Primrose Riordan
The Australian Financial Review – Page: 1 & 5 : 8-Sep-16

Senator Sam Dastyari has stood down as Shadow Minister for Consumer Affairs to allow the Australian Labor Party to focus again on policies rather than his behaviour. He announced his resignation on 7 September 2016. Dastyari was found to have had a legal bill paid by Yuhu Group’s Huang Xiangmo, who is also the head of the Australia Council for the Promotion of Peaceful Reunification of China. On another occasion, Dastyari’s travel bill was paid by Top Education’s Minshen Zhu.

CORPORATES
AUSTRALIAN LABOR PARTY, YUHU GROUP (AUSTRALIA) PTY LTD, TOP EDUCATION INSTITUTE, COMMUNIST PARTY (CHINA), AUSTRALIAN FELLOWSHIP OF CHINA GUANGDONG ASSOCIATIONS INCORPORATED

Taxpayer funds hold up economy, families ease back

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Original article by David Uren
The Australian – Page: 1 & 2 : 8-Sep-16

The latest national accounts data shows that the Australian economic expanded by 3.3 per cent in the year to June 2016. It is now 25 years since the last recession in Australia, and Prime Minister Malcolm Turnbull has attributed the almost unprecedented period of economic growth to factors such as the nation’s commitment to free trade and economic reform. However, growth in household spending slowed to just 0.4 per cent in the June quarter, while growth in household incomes is also subdued. A sharp rise in government spending contributed to GDP growth in 2015-16.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, EAST ASIA SUMMIT

Morrison ‘to launch super law in stages’

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Original article by Phillip Hudson
The Australian – Page: 4 : 7-Sep-16

The draft legislation for some elements of the Australian Government’s proposed superannuation tax reforms will be release on 7 September 2016. However, Treasurer Scott Morrison is still negotiating with backbenchers regarding some aspects of the reforms, including the $A500,000 lifetime cap on non-concessional contributions. Further aspects of the super reforms will be released in coming weeks. Morrison has stressed that the reforms are necessary to rein in the Budget deficit.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

China land ownership tiny

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Original article by Simone Fox Koob
The Australian – Page: 5 : 7-Sep-16

New data shows that Chinese interests have bought only 1.4 million hectares of the 385 million hectares of agricultural land in Australia, which equates to less than 0.5 per cent. The Treasury report notes that foreign investors own 53 million hectares of the nation’s farmland, with British interests accounting for 27.5 million hectares. Treasurer Scott Morrison has stressed the importance of foreign investment to the domestic economy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, S KIDMAN AND COMPANY PTY LTD, DAKANG AUSTRALIA HOLDINGS PTY LTD

Morrison insists cuts come from super

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Original article by Phillip Coorey, Jacob Greber
The Australian Financial Review – Page: 4 : 31-Aug-16

Negotiations over the Federal Government’s proposed changes to superannuation are likely to continue until October 2016. Progress is likely to be slow as Treasurer Scott Morrison insists that any revenue lost through amendments must be replaced by changes within superannuation. The Government’s budget repair initiatives will also be difficult to implement.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, TD SECURITIES

Government faces delay on ‘urgent’ cuts

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 30-Aug-16

The Australian Government will introduce 26 separate bills to Parliament in coming days, although its "omnibus" and superanuation reform bills will be delayed. The Australian Labor Party was not given a copy of the omnibus bill at its caucus meeting on 29 August 2016, while some Labor MPs oppose several of the proposed measures to reduce government spending. Meanwhile, the Government is yet to reach consensus within its own ranks regarding the lifetime cap on non-concessional super contributions.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, COUNCIL ON THE AGEING, AUSTRALIAN GREENS, AUSTRALIAN RENEWABLE ENERGY AGENCY, VICTORIA. COUNTRY FIRE AUTHORITY, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Coalition backs media reforms

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Original article by Jake Mitchell
The Australian – Page: 23 : 30-Aug-16

The Australian Government will push ahead with cross-media ownership media reforms after the policy was endorsed by the Coalition’s partyroom on 29 August 2016. The legislation will be introduced to Parliament within days, although the Government may need to rely on the support of crossbenchers as the Opposition has yet to decide its stance on abolishing the "two-out-of-three" rule. Media industry executives will also hold meetings with the major political parties and crossbenchers in coming days.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, NICK XENOPHON TEAM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, FOXTEL MANAGEMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, HERALD AND WEEKLY TIMES LIMITED, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Gay marriage vote is left at the altar

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 30-Aug-16

The Australian Government will not have sufficient numbers in the Senate to pass its enabling legislation for a plebiscite on same-sex marriage, after Derryn Hinch and the Nick Xenophon Team decided to vote against it. The Australian Labor Party and the Greens had already committed to rejecting the legislation, and favour a direct vote by Parliament on the issue rather than a plebiscite. The legalisation of same-sex marriage is now unlikely to be on the political agenda again until after the next federal election.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN MARRIAGE EQUALITY INCORPORATED, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, LIBERAL DEMOCRATIC PARTY