Australia rises to 19th in IMD rank of competitiveness

Original article by Jacob Greber
The Australian Financial Review – Page: 8 : 24-May-18

Australia has risen from 21st to 19th in the International Institute for Management Development’s latest "World Competitiveness Yearbook". The IMD has attributed Australia’s improved global competitiveness to factors such as population growth, a stable exchange rate and a strong investment environment. However, Committee for Economic Development of Australia CEO Melinda Cilento notes that the nation is still underperforming with regard to metrics such as productivity and tax rates.

CORPORATES
INTERNATIONAL INSTITUTE FOR MANAGEMENT DEVELOPMENT, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA

Airbnb is not a threat: Wyndham CEO

Original article by Larry Schlesinger
The Australian Financial Review – Page: 31 : 12-Feb-18

Stephen Holmes, the CEO of hospitality company Wyndham Worldwide, believes that the impact of accommodation-sharing platform Airbnb on the hotel sector has been overexaggerated. When it comes to the question as to whether Airbnb has been the biggest factor behind the recent consolidation within the global hotel sector, Holmes suggests that a more important factor has been the growth of online travel agents like booking.com and Expedia.

CORPORATES
WYNDHAM WORLDWIDE CORPORATION, AIRBNB INCORPORATED, BOOKING.COM BV, EXPEDIA INCORPORATED, MARRIOTT CORPORATION, STARWOOD HOTELS AND RESORTS WORLDWIDE INCORPORATED, ACCOR SA, MANTRA GROUP LIMITED – ASX MTR, HOTELS.COM, CENDANT CORPORATION, RAMADA INNS PTY LTD, SUPER 8 MOTELS INCORPORATED

Unjust ABC ‘stealing our markets’

Original article by Darren Davidson
The Australian – Page: 2 : 1-Aug-17

Australian Associated Press CEO Bruce Davidson is the latest media industry executive to criticise the ABC’s push to gain content deals in the corporate sector. The public broadcaster recently secured a deal to replace AAP as the provider of syndicated news feeds to outdoor advertising group oOh!media. Davidson says AAP may have to retrench staff if it continues to lose contracts to the ABC. Meanwhile, One Nation has called for the ABC to increase the amount of content it produces that is aimed at regional and rural audiences.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIAN ASSOCIATED PRESS PTY LTD, OOH!MEDIA LIMITED – ASX OML, ONE NATION PARTY, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, SPECIAL BROADCASTING SERVICE (SBS), SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, FOXTEL MANAGEMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS

US, Britain building pressure to slash company taxes, expert says

Original article by Joanna Mather
The Australian Financial Review – Page: 5 : 9-Dec-16

The Australian Government may be under pressure to lower corporate taxes if the US and the UK reduce their tax rates to 15 per cent and other countries follow their example. Wolfgang Schoen, the director of the Max Planck Institute, says the world is entering a period of intense tax competition and attractive incentives will have to be offered to companies to attract their investment.

CORPORATES
MAX PLANCK INSTITUTE, AUSTRALIAN NATIONAL UNIVERSITY, PRICEWATERHOUSECOOPERS, AUSTRALIA. DEPT OF THE TREASURY

Harper slams effects test critics

Original article by Michael Roddan
The Australian – Page: 21 : 26-Jul-16

Professor Ian Harper has expressed his support for the introduction of the "effects test" into Section 46 of the Competition & Consumer Act. He has accused critics of the proposed new regulation of misrepresenting its nature. Harper strongly objects to describing the test as a form of protectionism and rejects such criticism as "wilful distortion."

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION

Big business takes hit to please Nats

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 13 : 17-Mar-16

The Federal Government has decided to introduce an "effects test" to competition law. The Business Council of Australia opposes the "effects test", but the new policy is supported by other organisations, including the Australian Chamber of Commerce & Industry, the Australian Competition & Consumer Commission and the Australian Industry Group. Wesfarmers CEO Richard Goyder expressed his disappointment with the decision at "The Australian Financial Review" Business Summit.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, BHP BILLITON LIMITED – ASX BHP, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, THE AUSTRALIAN INDUSTRY GROUP

Business v Barnaby in effects-test stoush

Original article by Patrick Durkin
The Australian Financial Review – Page: 4 : 22-Feb-16

Australia’s new Deputy Prime Minister Barnaby Joyce says the National Party favours making changes to competition law to introduce a so-called "effects test". However, many blue-chip companies oppose any move to introduce changes to the misuse of market power provisions in order to protect small businesses. They include Woolworths, Wesfarmers, Insurance Australia Group and Boral.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, BORAL LIMITED – ASX BLD, SYDNEY AIRPORT – ASX SYD, AUSTRALIA. DEPT OF THE TREASURY, FOXTEL MANAGEMENT PTY LTD, AGL ENERGY LIMITED – ASX AGK, TELSTRA CORPORATION LIMITED – ASX TLS, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, BUNNINGS GROUP LIMITED, IGA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Bowen warns on effects test

Original article by Primrose Riordan
The Australian Financial Review – Page: 11 : 22-Oct-15

The Australian Retailers Association, Master Grocers Australia and the Australian Chamber of Commerce & Industry are among the groups that support adding a so-called "effects" test to the Competition Act. However, shadow treasurer Chris Bowen has told an audience of grocers that small businesses would face a huge legal bill if they pursue action under the effects test and fail. Master Grocers Australia CEO Jos de Bruin has dismissed Bowen’s comments as a "scare campaign".

CORPORATES
AUSTRALIAN RETAILERS ASSOCIATION, MASTER GROCERS’ AUSTRALIA PTY LTD, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN LABOR PARTY, AUSTRALIAN HOTELS ASSOCIATION, NATIONAL FARMERS’ FEDERATION LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Australia lags in competitive rankings

Original article by Ben Potter
The Australian Financial Review – Page: 10 : 1-Oct-15

Australia is ranked 21st in the World Economic Forum’s 2015-16 Global Competitiveness report, compared with 22nd position previously. However, the nation is ranked 26th in terms of innovation and 36th for labour market flexibility. Australian Industry Group CEO Innes Willox says the report demonstrates the need for government policy to focus on areas such as innovation, workplace relations and taxation. Switzerland and Singapore are the two most competitive nations, according to the report.

CORPORATES
WORLD ECONOMIC FORUM, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, CSL LIMITED – ASX CSL

James Murdoch told to save pay TV

Original article by Tony Boyd
The Australian Financial Review – Page: 56/51 : 6-Aug-15

Streaming video-on-demand provider Netflix poses a serious competitive threat to pay-TV. Sanford C Bernstein analyst Todd Juenger writes in a note to institutional investors that viewers will abandon pay-TV if a new business model is not found. The note is titled "Open Letter to Mr Murdoch" because Juenger believes that 21st Century Fox CEO James Murdoch is the right person to tackle the problem.

CORPORATES
SANFORD C BERNSTEIN AND COMPANY, 21ST CENTURY FOX INCORPORATED, NETFLIX INCORPORATED, FOXTEL MANAGEMENT PTY LTD, TIME WARNER COMMUNICATIONS INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION