AUSTRALIA – POLITICS AND GOVERNMENT

Free TV networks ready to campaign on licence fees

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Original article by Jake Mitchell
The Australian – Page: 21 : 7-Apr-16

The metropolitan free-to-air TV networks may ramp their lobbying for a reduction in the annual broadcasting licence fee in the Australian Government’s May 2016 Budget. They are believed to have held discussions about launching an advertising campaign, which is likely to be similar to the Save Our Voices campaign that was launched by regional broadcasters.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, GOOGLE INCORPORATED, NETFLIX INCORPORATED, FACEBOOK INCORPORATED, PIN PAYMENTS, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Government weighing up broadcasters’ revenue fees

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Original article by Max Mason
The Australian Financial Review – Page: 25 : 6-Apr-16

Australia’s Communications Minister Mitch Fifield agrees that there is a need for changes to TV and radio broadcasting licence fees. However, Fifield has downplayed suggestions that a reduction in licence fees could be included in the May 2016 Budget, noting the Federal Government’s "constrained fiscal circumstances". TV networks have lobbied for the licence fee to be scrapped or reduced to just one per cent of revenue, but Fraser McLeish of Credit Suisse expects the fee to be reduced progressively over several years.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, CREDIT SUISSE (AUSTRALIA) LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Libs push case for cuts, Shorten targeted on tax

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Original article by David Crowe, Paige Taylor
The Australian – Page: 4 : 5-Apr-16

Treasurer Scott Morrison has warned that any spending promise made by the Opposition in the lead-up to the federal election will be funded via tax increases. Morrison has stressed that the Federal Government aims to reduce taxes, and highlighted the need for businesses to receive tax relief in order to create jobs and stimulate the economy. Meanwhile, the Australian Labor Party proposes to increase government revenue by $A105bn over 10 years via a series of tax reform measures.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

L-NP in front again as Turnbull shows leadership

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Original article by Gary Morgan, Roy Morgan Research
Morgan Poll Update – Page: Online : 4-Apr-16

This week’s Morgan Poll lift in L-NP support (now L-NP 52.5% cf. ALP 47.5%) shows Turnbull has re-established the Federal Government as "better managers" by using the ABCC debate to link economic management to union corruption in the building and construction industry. The Federal Opposition has stated they will campaign at the Federal Election on increasing Federal funding including Health and Education (both State issues) from raising significant revenue from elimination of taxation minimisation. Last weekend Turnbull "cleverly" outmanoeuvred the States and Federal Opposition by neutralising health and education funding by offering State Premiers the right to raise their own State income tax – good policy but political suicide! In these difficult times, the only real solution is to cut Local, State and Federal Government spending.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

L-NP in front again as Turnbull shows leadership

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 4-Apr-16

A multi-mode Morgan Poll on Federal voting intention has found that support for Australia’s ruling Liberal-National Coalition on a two-party preferred basis has risen by three per cent to 52.5 per cent. The poll, which was carried out on the weekends of 26-27 March and 2-3 April 2016, also shows that the Coalition’s primary vote has risen by two per cent to 42 per cent, while the Roy Morgan Government Confidence Rating has risen by 2.5 points to 106.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, KATTER’S AUSTRALIAN PARTY, PALMER UNITED PARTY, NICK XENOPHON TEAM, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Business urges extreme COAG makeover

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 2 : 4-Apr-16

Australian Institute of Company Directors CEO John Brogden has called for greater co-operation between the federal and state governments. He has suggested major changes to the Council of Australian Governments, after a proposal by Prime Minister Malcolm Turnbull for states to raise income tax revenue was rejected. Brodgen has suggested that an independent chair and secretariat could be put in charge of COAG in order to facilitate the reform process.

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. NATIONAL COMMISSION OF AUDIT

‘We must live within our means’

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Original article by David Crowe
The Australian – Page: 1 & 4 : 4-Apr-16

Prime Minister Malcolm Turnbull has signalled that the May 2016 Budget will not include significant government spending measures. He says Budget finances mean the Government cannot afford the expenditure on services such as health and education that was promised by the Australian Labor Party prior to the 2013 election. The Coalition announced an $A80m reduction in spending on health and education in May 2014.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, SKY NEWS, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

TV licence fee cuts could fall short of networks’ hopes

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Original article by Dominic White
The Australian Financial Review – Page: 29 : 4-Apr-16

The Australian Government has not made a final decision on whether to include a reduction in TV broadcasting licence fees in the May 2016 Budget. The fees are currently set at 4.5 per cent of broadcasters’ revenue, and TV networks want them to be scrapped or reduced to just one per cent of revenue. Credit Suisse’s Fraser McLeish expects a progressive reduction in fees to about 2.5 per cent over several years. Communications Minister Mitch Fifield recently agreed that the licence fees are high compared with the networks’ overseas peers.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, GOOGLE INCORPORATED, NETFLIX INCORPORATED, MELBOURNE PRESS CLUB, AUSTRALIAN LABOR PARTY, AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED, SEVEN WEST MEDIA LIMITED – ASX SWM

Turnbull wants to end federal funding of schools

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

Prime Minister Malcolm Turnbull has proposed radical changes in fiscal relations between the federal and state governments. He envisages ceding responsibility for public schools and the health system to the states in exchange for granting more fiscal powers to the states. He will unveil the details of his plan at a Council of Australian Governments meeting in Canberra on 1 April 2016.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Labor leaves low wage to tribunal

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Original article by Elizabeth Colman, Greg Brown
The Australian – Page: 4 : 1-Apr-16

The Australian Labor Party will not make a submission on the Fair Work Commission’s review of the minimum wage. Workplace relations spokesman Brendan O’Connor says Labor has confidence in the wage review process and believes that it will consider factors such as the rising cost of living. The ACTU is seeking a $A30 per week increase in the minimum wage. Employer groups have proposed a much lower increase, citing factors such as the uncertain economic outlook and Australia’s high minimum wage compared with some countries.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, THE AUSTRALIAN INDUSTRY GROUP, UNITED VOICE, RESERVE BANK OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT