PM sinks Macron’s subs lie

Original article by Geoff Chambers
The Australian – Page: 1 & 4 : 2-Nov-21

Prime Minister Scott Morrison has responded to the latest furore over the decision to cancel Naval Group’s $90bn submarines contract. French President Emmanuel Macron has accused Morrison of lying about both the submarines contract and Australia’s decision to establish the AUKUS alliance. Morrison says he did not lie to Macron and informed him in mid-June that Australia had concerns about the Naval Group project and was looking at alternative submarines. Morrison says the decision to cancel the contract was made in the national interest. The federal government attempted to inform Macron of the decision two days before the AUKUS deal was announced, but Macron advised that he was not available to take a call from Morrison.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NAVAL GROUP

Australia commits 10 million vaccines to south-east Asia

Original article by Anthony Galloway
The Sydney Morning Herald – Page: Online : 28-Oct-21

Prime Minister Scott Morrison addressed the Association of South-east Asian Nations on Wednesday. He said that Australia will supply south-east Asian nations with 10 million doses of COVID-19 vaccines by mid-2022, in addition to the four million doses it has already provided. Morrison also advised that Australia will provide the region with $124m to address "complex and emerging challenges" such as terrorism and energy security. He also stressed that the AUKUS alliance – and Australia’s deal to acquire nuclear-powered submarines – will have no impact on Australia’s commitment to both ASEAN and nuclear non-proliferation.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ASSOCIATION OF SOUTH-EAST ASIAN NATIONS

PM’s no to methane cut

Original article by Simon Benson, Geoff Chambers
The Australian – Page: 1 & 6 : 28-Oct-21

The federal government will not agree to sign the Global Methane Pledge at the upcoming COP26 climate summit in Glasgow. The pledge is backed by the US and Europe, and would require signatories to reduce methane emissions by 30 per cent by 2030. Refusal to sign the pledge is believed to have been a key commitment made by Prime Minister Scott Morrison to gain the National Party’s support for a net zero emissions target of 2030. It was feared that Australia would be particularly hard hit by such a pledge, given the economy’s reliance on industries such as agriculture and coal mining.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Final tranche of Hayne reforms a milestone

Original article by James Frost
The Australian Financial Review – Page: 18 : 28-Oct-21

The federal government will legislate to implement a further six recommendations arising from the Hayne royal commission on 28 October. The last tranche of legislation includes a bill to replace the Banking Executive Accountability Regime with the broader-based Financial Accountability Regime, which will also apply to the insurance and superannuation sectors. The government will also establish the Compensation Scheme of Last Resort, which will eventually be fully funded via an industry level. Kenneth Hayne released his final report in February 2019.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY

ALP (54%) increases lead over the L-NP (46%) as the Federal Government discusses "Net Zero" carbon dioxide emissions

Original article by Roy Morgan
Market Research Update – Page: Online : 28-Oct-21

The latest Roy Morgan Poll on Federal voting intention shows that support for the ALP has increased to 54% (up 1% point since mid-October), cf. the L-NP on 46% (down 1% point) on a two-party preferred basis. The 1% point swing to the ALP came after the governing Liberal and National parties have spent the last few weeks ‘haggling’ about a change in policy for the Government to support a target of "Net Zero" carbon dioxide emissions for Australia by 2050. 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 down 1% point to 36.5% in October and is still ahead of the ALP which was also down 1% point to 35%. In contrast to the two major parties, Greens support increased by 2% points to 13.5% as media attention in October turned to Australia’s response to global warming and climate change. Support for One Nation was up 0.5% points to 3.5% while support for Independents/Others was down 0.5% points to 11.5%. Meanwhile, the Roy Morgan Government Confidence Rating has increased by 3ps to 98 in late October. Now 41% (up 1% point) of Australians say the country is ‘heading in the right direction’, while 43% (down 2% points) say the country is ‘heading in the wrong direction’. This Roy Morgan Poll on Federal voting intention and Roy Morgan Government Confidence was conducted via telephone and online interviewing. Roy Morgan interviewed 2,778 Australian electors aged 18+ on the weekends of October 16/17 & 23/24.

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

Voters will be asked to show identification to vote under Morrison government proposal

Original article by Paul Karp
The Guardian Australia – Page: Online : 27-Oct-21

The federal government has attracted criticism over plans to make it compulsory for voters to supply identification documents at polling stations on election day. The bill has been endorsed by the Coalition’s partyroom but has yet to introduced to parliament. Shadow special minister of state Don Farrell says Labor will oppose any bill that includes "anti-democratic thought bubbles". The government had first proposed voter ID laws in late 2018, while One Nation senator Malcolm Roberts recently introduced a voter ID bill in the upper house.

CORPORATES
AUSTRALIAN LABOR PARTY, ONE NATION PARTY

Bring it on: PM goads Labor towards climate action poll

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 10 : 27-Oct-21

The federal government’s net zero emissions target of 2050 envisions that all sectors of the economy will bear the burden of the push for carbon neutrality. The energy sector will be required to slash its emissions by 91-97 per cent by 2050, transport’s emissions will be cut by 53-71 per cent, and the mining and manufacturing sectors’ emissions will have to fall by 18-54 per cent. The government’s own technology road map is slated to reduce carbon emissions by 40 per cent, by expanding the number of priority technologies to include ultra-low-cost solar power. The other five priority technologies are not yet commercially viable. Meanwhile, Prime Minister Scott Morrison has signalled that climate change could be a key issue for the next federal election.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

‘Stop trusting Facebook’, whistleblower Frances Haugen tells Australian MPs

Original article by Lisa Visentin
Brisbane Times – Page: Online : 22-Oct-21

Federal Liberal-National MP Julian Simmonds says regulatory intervention is needed to ensure that Facebook is more transparent about how it operates. His comments follow an online briefing to federal MPs by Facebook whistleblower Frances Haugen, who said they should not trust the social media company’s promises that it is trying to make its platform safer. Simmonds co-ordinated the briefing with digital advocacy group Reset Australia. Haugen attracted much attention when she recently appeared before a US congressional hearing.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, FACEBOOK INCORPORATED

Answers sought on bank closures

Original article by Patrick Commins
The Australian – Page: 4 : 22-Oct-21

Data from the Reserve Bank of Australia shows that the number of full-service bank branches in regional and remote areas fell by 10 per cent between 2017 and 2020. This equates to about 270 branch closures. The federal government has established a Regional Banking Task Force, which will examine the impact of bank branch closures on regional communities. The taskforce will include politicians and representatives from the banking sector.

CORPORATES
RESERVE BANK OF AUSTRALIA

Senate backs inquiry into whether tax commissioner should release JobKeeper details

Original article by Daniel Hurst
The Guardian Australia – Page: Online : 20-Oct-21

Tax commissioner Chris Jordan will come under scrutiny by the Senate’s privileges committee over his refusal to disclose the details of companies with annual turnover of more than $10m that received JobKeeper payments. Jordan had contended that doing so would not be in the public interest, but the Senate has voted 25-21 to hold an inquiry into whether he had disobeyed a lawful order of the upper house. Assistant Treasurer Michael Sukkar has criticised Labor for supporting the motion, which was put forward by independent senator Rex Patrick. Jordan could potentially face jail if he is found to be in contempt of the Senate.

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY