AUSTRALIA – POLITICS AND GOVERNMENT

PM’s Brexit pitch for stability

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 27-Jun-16

Prime Minister Malcolm Turnbull officially launched the Coalition’s election campaign on 26 June 2016. He warned that voting for minor political parties could result in the Opposition forming a minority government, arguing that the economic and financial market uncertainty created by the UK’s vote to leave the European Union means the Coalition is best-placed to manage the Australian economy. Turnbull also announced some $A390m of new spending measures.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA

$123bil Green splurge

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Original article by Annika Smethurst, Ellen Whinnett
Herald Sun – Page: 1 & 10 : 24-Jun-16

The Australian Greens have announced a range of election policies that will collectively cost some $A123bn. In contrast, the Coalition and the Australian Labor Party have respectively announced $A10.5bn and $A20bn worth of new spending measures during the election campaign. The Greens’ policies include an increase in the pension, which has been costed at $A10bn. The party also proposes the introduction of a tax on soft drinks, a new carbon tax, a tax on banks and a reduction in university fees. Greens leader Richard Di Natale says the policies will be funded via revenue measures and spending cuts.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

RBA warning on Brexit

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Original article by Phillip Coorey, James Chessell
The Australian Financial Review – Page: 1 & 4 : 24-Jun-16

Prime Minister Malcolm Turnbull says there will be a global economic shock if the UK votes to leave the European Union, adding that the Coalition is best-placed to manage the Australian economy during such turmoil. Meanwhile, both major political parties have been briefed by the heads of the Reserve Bank, the Australian Prudential Regulation Authority and the Treasury on the likely impact of a "Brexit" on the local financial market. The outcome of the referendum is tipped to be very close.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIA. DEPT OF THE TREASURY, GREAT BRITAIN. OFFICE OF THE PRIME MINISTER, EUROPEAN COMMISSION, STANDARD AND POOR’S ASX 200 INDEX, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Keating slams unaffordable tax cut

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Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 24-Jun-16

Former prime minister Paul Keating has criticised the Coalition’s proposal to progressively cut the corporate tax rate from 30 per cent to 25 per cent. He described the tax cut as irresponsible and unaffordable. Keating warned that it would damage Australia’s fiscal position because of lower tax revenue. According to Paul Abbey, a partner at PricewaterhouseCoopers, low corporate taxes are necessary to attract foreign investment, although it can take decades for the benefits of such a policy to be noticeable.

CORPORATES
PRICEWATERHOUSECOOPERS, BUSINESS COUNCIL OF AUSTRALIA, VICTORIA UNIVERSITY, AUSTRALIAN NATIONAL UNIVERSITY. CRAWFORD SCHOOL OF ECONOMICS AND GOVERNMENT, LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF THE TREASURY, UNIVERSITY OF NEW SOUTH WALES

‘Mediscare’ delivers poll boost for Labor

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 24-Jun-16

The Australian Labor Party believes that it could gain more seats than expected in the 2016 federal election due to concerns about the privatisation of Medicare under a Coalition government. Meanwhile, Prime Minister Malcolm Turnbull sought to deflect attention from Medicare on 23 June by continuing to warn of an influx of asylum seekers if Labor wins the election, while Opposition Leader Bill Shorten reiterated that Labor will protect weekend penalty rates.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, NICK XENOPHON TEAM, RETAIL TRADERS ASSOCIATION, VICTORIA. COUNTRY FIRE AUTHORITY, VICTORIA. DEPT OF PREMIER AND CABINET

Turnbull vows new laws to protect CFA volunteers

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Original article by Matthew Knott, Richard Willingham, Nicole Hasham
The Age – Page: 6 : 24-Jun-16

Prime Minister Malcolm Turnbull visited the seat of Corangamite in Victoria on 23 June 2016, where he said that amending the Fair Work Act to protect volunteer firefighters will be a priority for the Coalition if it is re-elected. Turnbull praised the Country Fire Authority, which is the subject of a power grab by the United Firefighters Union. Meanwhile, Opposition Leader Bill Shorten reiterated that the CFA dispute is a state issue, and suggested that Turnbull has only intervened due to the federal election.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. COUNTRY FIRE AUTHORITY, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, AUSTRALIAN LABOR PARTY

CFA deal pushed back until after poll result

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Original article by Lucille Keen
The Australian Financial Review – Page: 9 : 23-Jun-16

The board of Victoria’s Country Fire Authority (CFA) has decided to delay the implementation of the United Firefighters Union’s enterprise agreement until 8 July 2016. The State Government insists that the CFA board must accept the agreement. Volunteer firefighters have raised objections to a number of provisions in the agreement. Federal Employment Minister Michaelia Cash said the Coalition will prevent the implementation of the deal if it is re-elected.

CORPORATES
VICTORIA. COUNTRY FIRE AUTHORITY, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, SUPREME COURT OF VICTORIA, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN HUMAN RIGHTS COMMISSION, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Labor preferences agreement splits conservatives

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Original article by David Crowe
The Australian – Page: 6 : 23-Jun-16

The Liberal Democratic Party has secured a preferences deal with the Australian Labor Party in a number of marginal seats that are currently held by the Coalition. The LDP’s Senator David Leyonhjelm says the Liberal Party has not directed preferences to him, despite the fact that he voted with the Coalition more than any other crossbencher during the last Parliament. Meanwhile, the Family First Party is directing its preferences to the Coalition in all of the seats in which it has a candidate.

CORPORATES
LIBERAL DEMOCRATIC PARTY, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, FAMILY FIRST PARTY AUSTRALIA LIMITED, NICK XENOPHON TEAM, CHRISTIAN DEMOCRATIC PARTY, SHOOTERS, FISHERS AND FARMERS PARTY

The boats v Medicare fear election

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 23-Jun-16

The future of Medicare was again under scrutiny on 22 June 2016, with Opposition Leader Bill Shorten describing the universal healthcare system as a "birthright" of Australians. Meanwhile, Prime Minister Malcolm Turnbull has reiterated that his government will seek to overhaul the Medicare payments system rather than outsourcing it. Turnbull has also attempted to divert attention from claims about the privatisation of Medicare by warning that the Australian Labor Party’s border protection policies would result in an influx of asylum seekers.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN MEDICAL ASSOCIATION LIMITED

‘Honest Government’ and ‘Managing the Economy’ the biggest issues in Higgins, Indi, Mayo & Menzies

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 21-Jun-16

A Snap SMS Roy Morgan ‘issues’ survey has found that ‘Honest Government’ (30 per cent) and ‘Managing the Economy’ (24 per cent) are regarded as the key issues for electors in the four key seats of Higgins, Indi, Mayo and Menzies two weeks before the 2016 Federal Election. The electorates’ ranking of issues today are very different than those found by a Roy Morgan ‘issues’ survey conducted over the 30 months since the last Federal Election in September 2013. Over the period before the Federal Election was called the main issues in the electorates were ‘Keeping day-to-day living costs down’ (31 per cent), ‘Improving health services and hospitals’ (27 per cent), ‘Managing the economy’ (23 per cent) and ‘Improving education’ (20 per cent). Electors were shown a list of issues and asked: "Which three issues are most important to you".

CORPORATES
ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NICK XENOPHON TEAM