AUSTRALIA – POLITICS AND GOVERNMENT

Ambush: The faceless men who stalked Abbott and made Turnbull king

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Original article by Phillip Coorey, Laura Tingle
The Australian Financial Review – Page: 1/ & 36 : 18-Sep-15

A group of Coalition MPs and senators met on the evening of 13 September 2014 to plot the downfall of Prime Minister Tony Abbott. Those present included Mitch Fifield, James McGrath, Mal Brough and Wyatt Roy. They had been planning to move against Abbott for some time, and decided to act immediately rather than wait until after the Canning by-election in Western Australia. Abbott was defeated by Malcolm Turnbull in a leadership spill the following day. Rumours of a plot against Abbott had been circulating for some time, but they were dismissed by both Abbott himself and his chief of staff, Peta Credlin.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, GM HOLDEN LIMITED, AUSTRALIA. DEPT OF THE TREASURY

Coup backers to be promoted

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Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 17-Sep-15

Tony Abbott supporters Kevin Andrews and Eric Abetz are expected to be among the casualties when Prime Minister Malcolm Turnbull announces his new frontbench team. It is expected that at least nine Coalition members who supported Turnbull in the leadership spill will be promoted in the ministerial reshuffle, and Turnbull has indicated that he is keen for more women to become government ministers. Several Abbott backers are tipped to retain their portfolios, including Andrew Robb.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, LIBERAL PARTY OF AUSTRALIA

Hockey’s last big tax crackdown

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Original article by Joanna Mather, Fleur Anderson
The Australian Financial Review – Page: 1 & 10 : 17-Sep-15

Federal Treasurer Joe Hockey says tax law reforms aimed at combating profit-shifting by multinationals could potentially affect up to 1,000 companies, rather than the 30 that he had initially flagged. Hockey says the revised legislation, which was introduced to Parliament on 16 September 2015, will apply to all multinationals with global revenue of at least $A1bn. Lawyers, accountants and employers’ associations are among those to have expressed concern that the new anti-avoidance laws will deter foreign investment in Australia.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, BAKER AND McKENZIE, KPMG AUSTRALIA PTY LTD, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

L-NP (43%) fell further behind ALP (57%) before Turnbull challenged Abbott for the Prime Ministership on Monday

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 16-Sep-15

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 fallen by two per cent to 43 per cent. The poll, which was carried out on the weekend of 12-13 September 2015, also shows that the Coalition’s primary vote has fallen by 1.5 per cent to 35 per cent, while the Roy Morgan Government Confidence Rating has fallen by four points to an equal record low of 86 points. Roy Morgan Research executive chairman Gary Morgan says the 7-Eleven and United Petroleum wages rort offers new Prime Minister Malcolm Turnbull the opportunity to grab the economic initiative, which means presenting to Parliament major changes to industrial relations and employment laws and cutting Government bureaucracy and wasteful Government spending.

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, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD

Cross-media ownership rules may go back on the table

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Original article by Dominic White
The Australian Financial Review – Page: 15 : 17-Sep-15

Prime Minister Malcolm Turnbull has advocated changing Australia’s cross-media ownership laws in the past, and comments in his first official press conference suggest that it may be back on the agenda. Turnbull noted that he first talked about the need for reforms in 1977, and said he will look forward to discussing the issue with cabinet ministers. Media law reforms were put on hold by former prime minister Tony Abbott earlier in 2015.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SEVEN WEST MEDIA LIMITED – ASX SWM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ

New PM a win for retail, media and tech shares

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 31 : 16-Sep-15

David Bassanese of BetaShares expects consumer and business confidence to rise in the near-term under new Prime Minister Malcolm Turnbull. He adds that Turnbull’s success in pursuing economic reform will determine whether a rise in business confidence is sustained. He says stocks in the retail, technology and construction sectors are likely to benefit from the leadership change. ST Wong of Prime Value Management say a Turnbull government may be positive for media stocks in particular.

CORPORATES
BETASHARES CAPITAL LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PRIME VALUE ASSET MANAGEMENT LIMITED, PEAK ASSET MANAGEMENT PTY LTD, IG MARKETS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORPORATION – ASX NWS, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, AUSTRALIA. DEPT OF THE ENVIRONMENT

Turnbull unites Coalition as business hopes surge

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 16-Sep-15

New Australian Prime Minister Malcolm Turnbull has committed to retaining the Coalition’s stance on key issues such as climate change and same-sex marriage. He will also support a proposal to add a so-called "effects test" to competition laws, although such a move is opposed by the Business Council of Australia. The business sector generally supports the dumping of former prime minister Tony Abbott in favour of Turnbull, while a snap Morgan Poll shows that 70 per cent of electors rate Turnbull as the preferred Prime Minister.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. NATIONAL COMMISSION OF AUDIT, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF AGRICULTURE, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. DEPT OF SOCIAL SERVICES, MURRAY-DARLING BASIN AUTHORITY

New Prime Minister Malcolm Turnbull gets immediate mandate from Australian electors as Better PM: Turnbull 70% cf. Shorten 24%

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 15-Sep-15

A special snap SMS Morgan Poll conducted on 15 September 2015 has found that 70 per cent of Australian electors rate new Prime Minister Malcolm Turnbull as the "Better PM", while 24 per cent prefer Opposition Leader Bill Shorten. Analysis by gender shows that 72 per cent of men and 67 per cent of women rate Turnbull as the Better PM. He is also rated the Better PM by 86 per cent of Liberal-National Party supporters and 50 per cent of Australian Labor Party supporters. Roy Morgan Research executive chairman Gary Morgan says priorities for the Turnbull government must include the recent decline in Australia’s GDP growth, the high level of unemployment and under-employment, the cash economy, wages rorts and union/employer corruption.

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

Polls put Malcolm on top of the pole

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Original article by Andrew Carswell
The Daily Telegraph – Page: 9 : 15-Sep-15

Public opinion polls have consistently shown that Australians prefer Malcolm Turnbull rather than Tony Abbott as Prime Minister. An online poll by "The Daily Telegraph" on 14 September 2015 showed that 67 per cent of respondents preferred Turnbull. A Morgan Poll in July found that his rating as preferred prime minister had risen by six per cent in three months, to 44 per cent. Roy Morgan Research’s Gary Morgan noted at the time that Turnbull was also preferred by Coalition voters, who had tended to favour Abbott in the past.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA

Turnbull’s triumph

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Original article by David Crowe
The Australian – Page: 1 & 2 : 15-Sep-15

Malcolm Turnbull has become Australia’s 29th Prime Minister – and the fifth in just five years – after ousting incumbent Tony Abbott in a leadership spill. A number of Cabinet ministers and Coalition backbenchers declared their support for Abbott prior to the spill, but Turnbull won the leadership ballot 54-44. The Coalition’s poor track record in public opinion polls was a key factor in prompting Turnbull’s move against Abbott, as well as concerns that the Coalition faces election defeat under Abbott.

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