AUSTRALIA – POLITICS AND GOVERNMENT

L-NP (45.5%) increases its support after Abbott Government’s strong response to downing of Malaysian Airlines flight MH17, but still trails ALP (54.5%)

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 28-Jul-14

A multi-mode Morgan Poll on Federal voting intention has found that support for the Coalition on a two-party preferred basis has risen by 2.0 per cent to 45.5 per cent. The poll, which was carried on the weekends of 19-20 and 26-27 July 2014, also shows that support for the Australian Labor Party has fallen by 2.0 per cent to 54.5 per cent. Roy Morgan Research executive chairman Gary Morgan says the poll also shows that support for the minor parties has fallen to its lowest level since early February, and indicates that in troubled times support returns to the major parties at the expense of the minor parties

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

Business warns impasse will stunt its growth

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Original article by David Ramli
The Australian Financial Review – Page: 1 & 6 : 23-Jul-14

BHP Billiton CEO Andrew Mackenzie says the Senate’s move to block key measures in the Federal Government’s May 2014 Budget is discouraging offshore investors from investing in Australia. In particular, he has urged senators to support the abolition of the mining tax, describing it as a "huge" disincentive for potential foreign investors. ANZ Bank CEO Mike Smith says the Government has been given a mandate and should be allowed to pursue it, a view shared by Telstra CEO David Thodey

CORPORATES
BHP BILLITON LIMITED – ASX BHP|AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ|TELSTRA CORPORATION LIMITED – ASX TLS|GE MINING SERVICES HOLDINGS PTY LTD|GROUP OF TWENTY (G-20)|BUSINESS 20 (B20)|AUSTRALIA. DEPT OF THE TREASURY|PALMER UNITED PARTY|AUSTRALIAN GREENS

Hunt hints at global carbon permits

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Original article by Joanna Heath
The Australian Financial Review – Page: 4 : 23-Jul-14

The Federal Government may allow Australian companies to purchase a limited number of international carbon permits. Independent senator Nick Xenophon says he has held talks with Environment Minister Greg Hunt about potential changes to the Coalition’s Direct Action policy. Australian Industry Group CEO Innes Willox supports such a move. However, Hunt says changes to the Direct Action policy are not on the agenda

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT|THE AUSTRALIAN INDUSTRY GROUP|AUSTRALIAN LABOR PARTY|AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET|PALMER UNITED PARTY

Coalition flags despite carbon repeal

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 21-Jul-14

Support for the Australian Government is now just 46 per cent on a two-party preferred basis, according to the latest poll by "The Australian Financial Review" and Nielsen. Meanwhile, 54 per cent of voters support the Australian Labor Party, whose primary vote has risen by three per cent to 40 per cent. However, the approval rating of Prime Minister Tony Abbott has increased by three per cent to 38 per cent, while his disapproval rating is down four per cent to 46 per cent

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FAIRFAX MEDIA LIMITED – ASX FXJ, THE NIELSEN COMPANY (AUSTRALIA) PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, PALMER UNITED PARTY, AUSTRALIAN GREENS

Budget is dead, says Palmer

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Jul-14

The Australian Government has succeeded in scrapping the carbon tax, although the Senate is expected to block legislation to repeal the mining tax. Meanwhile, many of the key measures in the May 2014 Budget remain in doubt due to resistance in the Senate. Crossbench MP Clive Palmer believes that the Government’s only options are a mini-budget or a new election. Palmer and Australians Greens leader Christine Milne both say the Government had not sought to negotiate with them regarding Budget measures

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, PALMER UNITED PARTY, McKELL INSTITUTE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Hockey’s budget hole heading to $41b

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1-Apr : 17-Jul-14

The Australian Government may face resistance in the Senate to its plans to abolish some $A4bn worth of tax breaks as part of its proposal to repeal the mining tax. Two independent senators intend to vote against scrapping the tax breaks, and the defeat of this measure would be another blow for the Government, which has already faced opposition from Palmer United Party senators to several other measures that are linked to the mining tax

CORPORATES
PALMER UNITED PARTY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL DEMOCRATIC PARTY

Carbon tax price reductions, maybe

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 15-Jul-14

The Australian Government has reintroduced the bill to repeal the carbon tax in Parliament, after agreeing to make amendments demanded by the Palmer United Party. The Government hopes that the legislation will be passed through the Senate on 15 July 2014. Explanatory notes attached to the legislation show that it will be difficult to calculate the costs imposed by the carbon tax and passed on to consumers. Under the amended legislation, gas and electricity supplies must specify within 30 days how the cost savings will flow to customers

CORPORATES
PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Abbott gets deal to axe carbon tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 14-Jul-14

The Australian Government appears to have secured a compromise deal with Clive Palmer to abolish the carbon tax. The Government has agreed to Palmer’s requirement that the energy sector will be the only industry that would be subject to a disclosure regime regarding the carbon tax and the cost saving arising from its abolition. The Government hopes to put the carbon tax repeal legislation to the Senate on 14 July 2014

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PALMER UNITED PARTY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. CLIMATE CHANGE AUTHORITY

Swift axe for carbon tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 7-Jul-14

The Australian Senate is expected to pass legislation repealing the carbon tax in early July 2014. It has the support of crossbench senators, which will stop the Australian Labor Party and Australian Greens from delaying the vote. Business leaders, academic economists and the Climate Change Authority have called on the Government to retain a carbon price mechanism

CORPORATES
AUSTRALIA. CLIMATE CHANGE AUTHORITY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT, LIBERAL PARTY OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP

Palmer hijacks Abbott’s vow to repeal carbon tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1-Apr : 26-Jun-14

Australian MP Clive Palmer revealed the carbon policy of the Palmer United Party on 25 June 2014. Palmer said that he would keep his promise to repeal the carbon tax. However, he wants associated climate programs to be retained and the Federal Government’s "direct action" policy to be dropped. He also demands an emissions trading scheme. Former US vice-president Al Gore, who supports global action on climate change, appeared at Parliament House with Palmer

CORPORATES
PALMER UNITED PARTY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIA. CLIMATE CHANGE AUTHORITY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT, THE AUSTRALIAN INDUSTRY GROUP, BUSINESS COUNCIL OF AUSTRALIA, MINERALS COUNCIL OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY