BILL DRAFTING – AUSTRALIA

Cash plan to dam union ‘rivers of gold’

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Original article by Ewin Hannan
The Australian – Page: 6 : 19-Oct-17

The Federal Government’s Proper Use of Worker Benefits Bill will be put before parliament on 19 October. The bill is aimed at preventing worker entitlement funds – which boast assets of about $A2bn – from making payments to either unions or employers. Some 14 unions have received an average of $A25m annually from worker entitlement funds over the last five years. Meanwhile, a bill that would enable the Government to block mergers between unions has been put on hold, as some senate crossbenchers have concerns about it.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT, NICK XENOPHON TEAM, LIBERAL DEMOCRATIC PARTY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MARITIME UNION OF AUSTRALIA, AUSTRALIAN ELECTORAL COMMISSION, AUSTRALIA. FAIR WORK COMMISSION

Business gets two-year tax cut amnesty

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Original article by Joanna Mather
The Australian Financial Review – Page: 3 : 19-Oct-17

The Federal Government has introduced legislation to clarify whether a company qualifies for the 27.5 per cent tax rate for small businesses. It hopes to end the uncertainty regarding the application of the lower tax rate to passive investment companies. The amendments introduced on 18 October state that a company will not qualify for the lower tax rate if it derives more than 80 per cent of its income from passive sources, which include interest and dividends. The new test for a passive investment company will apply from the start of the current financial year.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN TAXATION OFFICE, BDO CHARTERED ACCOUNTANTS AND ADVISERS, CPA AUSTRALIA

Senator baulks at Turnbull union bill

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Original article by Ewin Hannan
The Australian – Page: 4 : 16-Oct-17

The future of the Federal Government’s Ensuring Integrity Bill is in doubt after Senator Nick Xenophon warned that union officials could be subjected to higher standards than company directors. The Opposition has expressed similar concerns regarding the bill, which would increase the government’s powers to deregister unions, block union mergers and disqualify union officials. The bill has also been criticised by ACTU secretary Sally McManus, who says it would result in lower growth in wages. Parliament will debate the bill in coming days.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MARITIME UNION OF AUSTRALIA, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN GREENS, AUSTRALIA. FAIR WORK COMMISSION, FEDERAL COURT OF AUSTRALIA, ACTU, AUSTRALIAN MINES AND METALS ASSOCIATION (INCORPORATED), MASTER BUILDERS AUSTRALIA INCORPORATED

‘Union-basher’ bill under fire

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Original article by James Massola
The Sydney Morning Herald – Page: 6 : 13-Sep-17

ACTU secretary Sally McManus says the union movement will lobby Senate crossbenchers to vote against legislation aimed at cracking down on unions. Amongst other things, the Federal Government wants to subject union mergers to a public interest test and make it easier to deregister a union. McManus has described the reforms as an "attack on democracy", and she warns that they may breach the International Labour Organization’s convention regarding the right to organise and freedom of association.

CORPORATES
ACTU, INTERNATIONAL LABOUR ORGANIZATION, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Deal to bring on media reform

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Original article by Rosie Lewis
The Australian – Page: 1 & 8 : 13-Sep-17

Communications Minister Mitch Fifield has secured an agreement with the Nick Xenophon Team to support the Federal Government’s cross-media ownership reforms. The compromise deal includes measures aimed at ensuring media diversity, such as an innovation fund that will provide financial support for independent and regional news outlets. The Australian divisions of overseas-based media companies are not expected to be eligible for such funding. The reforms will require the support of the majority of Senate crossbenchers.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, NICK XENOPHON TEAM, ONE NATION PARTY, AUSTRALIAN CONSERVATIVES, LIBERAL DEMOCRATIC PARTY, THE GUARDIAN AUSTRALIA, CRIKEY.COM.AU

Heat on unions’ super cash

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 11-Sep-17

The Federal Government will introduce legislation to increase the Australian Prudential Regulation Authority’s powers to force superannuation funds to disclose their payments to unions. The reforms will also allow fund members to be informed as to how their super contributions are being invested or redirected to unions or employers’ groups. It is estimated that super funds paid more than $A8m to unions in the form of "sponsorship" payments in 2016, with Cbus accounting for more than $A1m of these payments.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, ACTU, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN MANUFACTURING WORKERS’ UNION, ELECTRICAL TRADES UNION, PLUMBING TRADES EMPLOYEES UNION, TWUSUPER, TRANSPORT WORKERS’ UNION, AUSTRALIANSUPER PTY LTD, UNITED VOICE, AUSTRALIAN ELECTORAL COMMISSION, AUSTRALIA. DEPT OF FINANCE

Xenophon puts reform deal within reach

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Original article by Rosie Lewis
The Australian – Page: 3 : 7-Sep-17

The Federal Government’s prospects of getting its cross-media ownership reforms through the upper house have been bolstered by further negotiations with the Nick Xenophon Team. Communications Minister Mitch Fifield has offered a compromise deal regarding the NXT’s push to provide tax breaks for smaller media companies. Senator Nick Xenophon is still pursuing the tax breaks, although he adds that there are other options for increasing media diversity and job opportunities for journalists.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY

Team X keeps tax aid on agenda

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Original article by Rosie Lewis, Darren Davidson
The Australian – Page: 24 & 26 : 4-Sep-17

Independent senator Nick Xenophon remains optimistic that his party can secure a deal with the Federal Government regarding cross-media ownership reforms. However, he stresses that any deal would be conditional on the Government agreeing to provide tax breaks for smaller media outlets. The Nick Xenophon Team’s initial proposal for tax breaks was rejected by the Government, which requires the support of 10 Senate crossbenchers for its media reform bill.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY, TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

NXT considers further media compromise

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Original article by Rosie Lewis, David Crowe
The Australian – Page: 6 : 30-Aug-17

The Federal Government requires the support of 10 crossbench senators for its cross-media ownership reforms when Parliament resumes in early September. There are indications that the Nick Xenophon Team may be prepared to accept a compromise on its proposed tax break for smaller media companies in return for supporting the reforms. The Australian Labor Party has not changed its stance on opposing the abolition of the "two-out-of-three" rule.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION

Nick of time: negotiations stalling reform

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Original article by Darren Davidson
The Australian – Page: 24 : 21-Aug-17

Senator Nick Xenophon remains hopeful that the Federal Government will agree to provide tax breaks for small media companies in return for supporting its cross-media ownership reforms. Communications Minister Mitch Fifield has indicated that it would be inappropriate to extend such tax breaks to foreign-owned publications. The latest stalemate means that the media reform package will not be debated in the Senate for at least another two weeks.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, PRIVATE MEDIA PARTNERS PTY LTD, SCHWARTZ MEDIA PTY LTD, THE GUARDIAN AUSTRALIA, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, LIBERAL PARTY OF AUSTRALIA, HIGH COURT OF AUSTRALIA