AUSTRALIA – POLITICS AND GOVERNMENT

Slow-motion tax reform threatens film industry

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Original article by Tom McIlroy
The Australian Financial Review – Page: 3 : 24-Nov-21

Australia’s film and television industry is lobbying the federal government to increase the producer offset rate before parliament rises for the year. The offset was slated to rise from 20 per cent to 30 per cent from 1 July, and the industry has warned that some $400m worth of spending in the sector will be at risk if the legislation is not passed. Greens senator Sarah Hanson-Young has accused the government of attempting to "play political games" with the legislation, and called for it to be put before the Senate immediately.

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AUSTRALIAN GREENS

Albanese on the attack over PM’s Hawaii holiday text message

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Original article by Max Maddison
The Australian – Page: 5 : 23-Nov-21

Prime Minister Scott Morrison has been forced to back down on his claim on 22 November that he told Labor leader Anthony Albanese where he was going on his controversial family holiday during the 2019 Black Summer bushfires. In responding to a question by Labor MP Kristy McBain, Morrison indicated that he had told Albanese via text from his plane as he was leaving that he was going on holiday and where he was going. Albanese agreed that Morrison had told him that he was going on holiday, but not that he was going to Hawaii. Morrison later confirmed that he had not told Albanese where he was going.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Hi-tech race to combat China

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Original article by Geoff Chambers
The Australian – Page: 1 & 6 : 17-Nov-21

The federal government has identified nine priority technologies that will be accelerated under the AUKUS and Quadrilateral Security Dialogue alliances in response to China’s investment in quantum technology and artificial intelligence. These priorities include critical minerals, quantum technology, genetic engineering and cyber security. Prime Minister Scott Morrison will use a speech on Wednesday to emphasise that the AUKUS alliance is not just about nuclear submarines.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Voter ID bill may discourage turnout and no evidence it will prevent fraud, committee says

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Original article by Paul Karp
The Guardian Australia – Page: Online : 11-Nov-21

The parliamentary committee on human rights has expressed reservations about the federal government’s legislation that would require voters to supply proof of their identity at polling stations on election day. Amongst other things, the committee is concerned that the voter ID laws may discourage people from voting; it also warns that the legislation may have a "disproportionate" impact on certain groups, such as the homeless and indigenous people in remote communities. The committee has also questioned whether the legislation would be effective in addressing election fraud.

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COVID testing firm kept $12m in JobKeeper cash amid soaring profits

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Original article by Clay Lucas
The Sydney Morning Herald – Page: Online : 11-Nov-21

Pathological group Australian Clinical Labs has been a beneficiary of both the federal government’s COVID-19 testing program and the JobKeeper wage subsidy. The company’s revenue increased by 29 per cent in 2020-21, while its after-tax profit rose from $11.7m to $88.7m. Australian Clinical Labs received JobKeeper payments totalling $34.3m over the last two financial years, but it repaid just $21.9m. Australian Clinical Labs’ annual report for 2020 notes that revenue fell sharply in the months immediately following the onset of the pandemic in March of that year, making the firm eligible for JobKeeper. The company also receives a government subsidy for every COVID-19 test it performs.

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AUSTRALIAN CLINICAL LABS LIMITED – ASX ACL

ALP (53.5%) lead over the L-NP (46.5%) cut slightly as PM Scott Morrison attends G20 & COP26 meetings

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Original article by Roy Morgan
Market Research Update – Page: Online : 11-Nov-21

The latest Roy Morgan Poll on Federal voting intention shows that support for the ALP is now 53.5% (down 0.5% points since late October), cf. the L-NP on 46.5% (up 0.5% points) on a two-party preferred basis. The small swing to the L-NP came while Prime Minister Scott Morrison attended the Group of 20 summit in Rome and the COP26 climate summit in Glasgow. If a Federal Election were held now the ALP would be elected with a similar margin to that won by John Howard at the 1996 Federal Election (ALP 53.6% cf. L-NP 46.4%). Primary support for the L-NP was unchanged at 36.5% in early November and is still ahead of the ALP, which was also unchanged at 35%. Support for the Greens dropped by 2% points to 11.5 and support for One Nation was down 0.5% points to 3%, but support for Independents/Others rose 2.5% points to 14%. Meanwhile, the Roy Morgan Government Confidence Rating has dropped by 2.5ps to 95.5 in early November. Now 40% (down 1% point) of Australians say the country is ‘heading in the right direction’, while 44.5% (up 1.5% points) say the country is ‘heading in the wrong direction’. This Roy Morgan Poll on Federal voting intention and Government Confidence was conducted via telephone and online interviewing over the last two weekends. Roy Morgan interviewed 2,723 Australian electors aged 18+ on the weekends of October 30/31 and November 6/7.

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ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

PM drives $1bn tech fund

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Original article by Geoff Chambers
The Australian – Page: 1 & 7 : 10-Nov-21

The federal government will establish a low-emissions technology commercialisation fund as part of its push for carbon neutrality by 2050. The $1bn fund will investment in Australian start-ups and businesses that are focused on emerging technologies such as carbon capture and storage. The government will contribute $500m to the fund, and it will seek a matching contribution from the private sector. Prime Minister Scott Morrison has also launched a new strategy aimed at encouraging Australians to buy electric vehicles; he had criticised Labor’s proposed target for annual electric car sales during the 2019 election campaign.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Labor mulls broader emissions safeguard

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Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 8-Nov-21

Labor is still working on its climate policy in the lead-up to the next federal election, with shadow climate change minister Chris Bowen confirming that it will not include a climate tax or emissions trading scheme. Bowen has indicated that Labor will consider an expansion of the federal government’s ‘safeguard mechanism’, which requires large emitters to cut their carbon pollution. However, some Labor MPs are said to be wary of embracing the safeguard mechanism, due to concerns that it could make Labor vulnerable to a carbon tax-style scare campaign.

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AUSTRALIAN LABOR PARTY

Morrison outlines $2 billion funding pledge to UN climate summit

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Original article by David Crowe
The Sydney Morning Herald – Page: Online : 2-Nov-21

Prime Minister Scott Morrison has used the COP26 climate summit to announce that Australia will contribute $2bn over five years to programs that will assist developing countries in the Pacific region to deal with climate change. He also reiterated the importance of technology in achieving net zero targets. Morrison noted that Australia has reduced its carbon emissions by 20 per cent since 2005, while the economy has grown by 45 per cent over the same period; he added that Australia’s emissions are on track to fall by 35 per cent by 2030, well ahead of its commitments under the Paris agreement. Meanwhile, British Prime Minister Boris Johnson has told the summit of a ‘doomsday’ scenario if action is not taken to address climate change.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Federal government offers Hongkongers Australian permanent residency pathway

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Original article by Joshua Boscaini, Stephen Dziedzic
abc.net.au – Page: Online : 2-Nov-21

The federal government will offer two new permanent residence visa streams for Hong Kong passport holders who have lived in Australia for at least four years. Almost 9,000 people are expected to be eligible to apply for the new visas from 5 March, including temporary skilled workers, temporary graduate workers and student visa holders. Applicants for the new visas will not need to be sponsored by an employer or be in a job that is on the list of current skills shortages. In 2020, the government agreed to offer "safe haven" for Hong Kong passport holders after China’s introduced new national security laws in the former British colony.

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