BUSINESS AND POLITICS – AUSTRALIA

Business says free up rules

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Original article by Ben Potter, Mathew Dunckley
The Australian Financial Review – Page: 6 : 15-Jul-14

The Business 20 (B20) summit will be staged in Sydney in the week starting 14 July 2014. B20 is a forum designed to help business leaders lobby the Australian Government as it prepares for the Group of 20 (G20) summit in Brisbane later in the year. The B20 delegates headed by Richard Goyder and Robert Milliner want the Government to use the G20 agenda as a tool for boosting economic growth. The focus will be on free trade, infrastructure investment and reduced regulation. The latter applies in particular to the banking sector

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), KPMG AUSTRALIA PTY LTD, WESFARMERS LIMITED – ASX WES, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, FINANCIAL STABILITY BOARD, RESERVE BANK OF AUSTRALIA, LOWY INSTITUTE FOR INTERNATIONAL POLICY

Wind farms ‘to yield job losses’

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Original article by Adam Creighton
The Australian – Page: 21-24 : 15-Jul-14

Jeff Dimery, CEO of gas and coal power generation plants operator Alinta Energy, has urged the Australian Government to lower the renewable energy target (RET). He argued that the wind farms being built across the nation with funding linked to the RET were outdated technology, and that a more useful area of investment would be batteries that mean households with solar roof panels can store the electricity they create. Dimery also forecast widespread redundancies at coal mines in Victoria and New South Wales under the RET. It is being reviewed for the Federal Government by business leader Dick Warburton

CORPORATES
ALINTA ENERGY (AUSTRALIA) PTY LTD

Make or break for summit

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Original article by Ben Potter, Mathew Dunckley
The Australian Financial Review – Page: 4 : 14-Jul-14

The Business 20 (B20) forum will accompany the Group of 20 (G20) leaders’ summit in Australia in late 2014. A preparatory meeting of the B20 is being staged in mid-July, and the participants have set a new focus on financing growth, human capital, infrastructure and trade. Experts such as International Monetary Fund ex-deputy MD John Lipsky argue that the November summit will be crucial in setting the path for the G20 for years to come, and failure to achieve meaningful outcomes will be a major missed opportunity. They urge Prime Minister Tony Abbott to be forceful in setting the agenda

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, KPMG AUSTRALIA PTY LTD, LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF THE TREASURY, INTERNATIONAL MONETARY FUND, WORLD TRADE ORGANIZATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, FINANCIAL STABILITY BOARD

Reforms vital to woo foreign investors

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Original article by Fleur Anderson
The Australian Financial Review – Page: 9 : 18-Jun-14

The 17-18 June 2014 International CEO Forum in Canberra will feature talks between business leaders and Prime Minister Tony Abbott, Treasurer Joe Hockey, Finance Minister Mathias Cormann, Opposition Leader Bill Shorten and shadow treasurer Chris Bowen. The politicians will hear of the results of a new survey, in which 106 CEOs argue that industrial relations reform and deregulation are needed to prevent more multinational corporations withdrawing from Australia. The issue of these businesses shifting profits overseas to escape taxation is secondary, the CEO Forum members say

CORPORATES
CEO FORUM PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, COCA-COLA AMATIL LIMITED – ASX CCL, KPMG AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, CITIBANK PTY LTD, ACCENTURE AUSTRALIA LIMITED, GENERAL MOTORS CORPORATION, GM HOLDEN LIMITED, COLGATE-PALMOLIVE PTY LTD, CAMPBELL AUSTRALASIA PTY LTD, ARNOTT’S BISCUITS LIMITED, BP AUSTRALIA LIMITED, GE AUSTRALIA AND NEW ZEALAND, FACEBOOK AUSTRALIA PTY LTD, JOHNSON AND JOHNSON AUSTRALIA PTY LTD, GLAXOSMITHKLINE AUSTRALIA PTY LTD, ADOBE SYSTEMS PTY LTD, IBM AUSTRALIA LIMITED, MICROSOFT AUSTRALIA, LINKEDIN LIMITED, APPLE INCORPORATED, GOOGLE INCORPORATED, GROUP OF TWENTY (G-20), BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, TOYOTA MOTOR CORPORATION, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, ELECTROLUX PTY LTD, SIMPLOT AUSTRALIA (HOLDINGS) PTY LTD, CATERPILLAR INCORPORATED, ALCAN INCORPORATED