AUSTRALIA – POLITICS AND GOVERNMENT

Bushfires royal commission granted another two months to file report

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Original article by
The New Daily – Page: Online : 24-Jul-20

The Royal Commission into National Natural Disaster Arrangements has been given until 28 October to present its final report, representing a two-month extension. Emergency Management Minister David Littleproud said commission chair Mark Binskin had sought the extension because the impact of COVID-19 had made it hard for some stakeholders to provide it with information in a timely manner. Littleproud has also announced that the federal government will allocate $88.1 million in funding over 10 years for additional research into bushfires and natural hazards.

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AUSTRALIA. ROYAL COMMISSION INTO NATIONAL NATURAL DISASTER ARRANGEMENTS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Frydenberg backs wider IR changes

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Original article by Ewin Hannan
The Australian – Page: 5 : 24-Jul-20

Treasurer Josh Frydenberg identified industrial relations reform as a key priority for the federal government after releasing the economic update on 23 July. He will push for temporary changes to the Fair Work Act to be extended to include businesses that will no longer be eligible for the JobKeeper wage subsidy at the end of September. Australian Industry Group CEO Innes Willox has backed the proposal, but ACTU president Michele O’Neil contends that the more flexible workplace arrangements should not be available to businesses that are no longer struggling.

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AUSTRALIA. DEPT OF THE TREASURY, THE AUSTRALIAN INDUSTRY GROUP, ACTU

Early access to super extended, Treasury reveals

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Original article by Adrian Flores
My Business – Page: Online : 24-Jul-20

The federal government has extended the deadline for people wanting to apply for the early release of up to $10,000 from their superannuation fund from 24 September to 31 December. The government has also advised that the COVID-19 SME Guarantee Scheme has been extended to loans written until 30 June 2021, and that the Supporting Apprentices and Trainees wage subsidy has been extended for an additional six months to 31 March 2021, as well as being broadened to cover medium-sized businesses from 1 July.

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Pressure on PM for permanent dole rise

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Original article by Rosie Lewis
The Australian – Page: 4 : 22-Jul-20

The coronavirus supplement for JobSeeker recipients will be reduced from $550 per fortnight to $250 from 25 September. This will reduce the maximum unemployment benefit for a single person to about $800 a fortnight. The revised JobSeeker allowance will apply until the end of 2020, although the federal government has signalled that it is likely to be extended for a further three months. Australian Council of Social Service CEO Cassandra Goldie has called for a permanent increase in JobSeeker when the coronavirus supplement ends. The requirement that JobSeeker recipients must apply for at least four jobs per month will be reinstated from 4 August.

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AUSTRALIAN COUNCIL OF SOCIAL SERVICE

Revamp will push 2.5m off JobKeeper

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 22-Jul-20

The federal government’s revised JobKeeper wage subsidy scheme is expected to cost $16.6bn over six months. The new tiered JobKeeper scheme will feature two levels of payment based on the number of hours worked, rather than the existing fortnightly payment of $1,500 for all eligible workers. The lower JobKeeper payments will take effect from 28 September and will be further reduced from early January. Treasury has forecast that the number of people receiving JobKeeper will fall from 3.5 million at present to 1.4 million in the December quarter, and just one million in the March quarter.

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Business in push to fast-track tax cuts

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Original article by Rosie Lewis, Joe Kelly
The Australian – Page: 1 & 4 : 15-Jul-20

The Australian Chamber of Commerce & Industry has used its pre-budget submission to call for comprehensive tax reform, including bringing forward legislated personal income tax cuts. The ACCI also advocates a gradual reduction in the JobSeeker allowance to pre-coronavirus levels, while it says the domestic economy will be vulnerable to further shocks for several years due to the impact of COVID-19. Meanwhile, a Menzies Research Centre paper argues that all of the national cabinet’s decisions on coronavirus lockdowns measures should be subject to a cost-benefit analysis. The report by economists Henry Ergas and Joe Branigan was written before the new virus outbreaks in Melbourne and Sydney.

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AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, THE MENZIES RESEARCH CENTRE LIMITED

Labor likely to back extension of IR changes

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Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 15-Jul-20

Labor has given indications that it will support an extension of coronavirus-induced temporary changes to workplace laws that allow employers to reduce their employees’ hours of work and change their duties and location of work. However, this would be conditional on the JobKeeper scheme being extended in the federal government’s upcoming economic statement. Labor leader Anthony Albanese says the government should announce details of any changes to the JobKeeper program immediately.

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AUSTRALIAN LABOR PARTY

Queen played no role in Whitlam dismissal

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Original article by Paul McIntyre, Troy Bramston
The Australian – Page: 1 & 7 : 15-Jul-20

Labor maintains that Queen Elizabeth was involved in the dismissal of the Whitlam government, despite the release of correspondence between former governor-general Sir John Kerr and Buckingham Palace. The letters show that although Sir John kept the palace informed of the unfolding constitutional crisis in November 1975, the Queens was not told in advance that he intended to dismiss the government. Buckingham Palace has released a statement confirming this, and stating that the Queen respects the independence and primacy of the Australian Constitution.

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AUSTRALIAN LABOR PARTY, AUSTRALIA. OFFICE OF THE GOVERNOR-GENERAL

JobKeeper could send firms broke

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 14-Jul-20

The federal government will announce details of its revised JobKeeper wage subsidy scheme on 23 July, when it will also release an economic update. Council of Small Business Organisations Australia CEO Peter Strong says JobKeeper has enabled employers to retain staff. However, he warns that many businesses will need to think carefully about signing up for the revised scheme, as employees on JobKeeper are accruing entitlements such as annual leave that will have to be paid out if they are laid off. These will have to be paid from cash reserves if the company is not making a profit.

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COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED

HomeBuilder package most effective stimulus in a decade

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Original article by Simon Benson, Mackenzie Scott
The Australian – Page: 1 & 4 : 14-Jul-20

Nearly 40,000 people are believed to have registered for the federal government’s HomeBuilder grants since the scheme was launched on 4 June. Data from the Housing Industry Association shows that sales of new homes increased by 77 per cent in June; however, chief economist Tim Reardon says the data for July and August will indicate whether the surge in June was a one-off. Assistant Treasurer Michael Sukkar says HomeBuilder is working as intended, by stimulating construction and renovation activity and generating work for tradespeople.

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HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIA. DEPT OF THE TREASURY