Cash softens blow for ousted MPs

Original article by Geoff Chambers, Richard Ferguson
The Australian – Page: 1 & 4 : 2-Sep-19

Analysis shows that at least 20 politicians who lost their seats at the 18 May federal election are entitled to receive a resettlement allowance. The amount of the lump sum payment varies depending on factors such as how long a politician has been in parliament, and it was designed to provide outgoing MPs and senators who do not have access to parliament’s superannuation scheme with re-skilling and re-employment assistance. Kerryn Phelps, Steve Martin and Sarah Henderson are amongst those who are entitled to receive the allowance, which is expected to cost about $1.3m in total.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, LIBERAL DEMOCRATIC PARTY, AUSTRALIA. DEPT OF FINANCE

Economic socialism cost Labor

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 28-Aug-19

Labor has come under intense scrutiny following its federal election loss on 18 May. Finance Minister Mathias Cormann has attributed the election defeat to Labor’s adoption of socialist economics, which prompted voters to overlook the Coalition’s own shortcomings. Cormann has also used a Sydney Institute speech to argue that Labor won the 2007 election because Kevin Rudd persuaded voters that he was an economic conservative in the same mould as John Howard, but Labor subsequently re-embraced the socialist left under treasurer Wayne Swan.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, SYDNEY INSTITUTE

Climate failures cost us: ALP poll review

Original article by Troy Bramston
The Australian – Page: 1 & 4 : 21-Aug-19

A submission to Labor’s review of its 2019 federal election campaign has contended that lack of sufficient detail of the party’s climate change policy contributed to its surprise defeat on 18 May. The Labor Environment ­Action Network’s submission notes that the Opposition’s climate change action plan did not outline how much it would cost, how it would be funded or what economic benefits it would have. LEAN members also argue that Labor’s franking credits policy and its stance on Adani’s Carmichael coal mine also contributed to its election loss.

CORPORATES
AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD

Union campaign forgot voters

Original article by Ewin Hannan
The Australian – Page: 2 : 9-Aug-19

Former Labor executive Evan Moorhead has undertaken a review of the ACTU’s ‘Change the Rules’ campaign, which is estimated to have cost about $10m. The confidential review has concluded that the campaign did not resonate with voters because its policy objectives were too complex and it was ‘swamped’ by competing messages from the Coalition, Clive Palmer’s United Australia Party and Labor’s own election campaign. Moorhead also found that many union organisers did not fully embrace the ACTU campaign due to complacency that Labor would win the election.

CORPORATES
ACTU, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, UNITED AUSTRALIA PARTY

Negative gearing a $1.5bn turn-off

Original article by Olivia Caisley
The Australian – Page: 4 : 1-Aug-19

Research undertaken by Deloitte Access Economics on behalf of the Property Council of Australia suggests that Labor’s proposed negative gearing reforms would have slashed the nation’s GDP by about $1.5bn. It is also estimated that the policy would have resulted in the loss of 7,800 construction industry jobs and cost the sector around $766m. A separate survey of voters in 16 marginal electorates has found that 34 per cent indicated that Labor’s negative gearing and capital gains tax reforms were a key reason why they did not vote for the party at the 18 May election.

CORPORATES
PROPERTY COUNCIL OF AUSTRALIA LIMITED, DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN LABOR PARTY

Shorten to soldier on after disappointing poll defeat

Original article by Richard Ferguson
The Australian – Page: 5 : 31-Jul-19

Former Labor leader Bill Shorten has ruled out quitting politics, saying he is committed to holding the federal government to account. Shorten says Labor’s shock election defeat in May was "very disappointing" personally, for the nation and for Labor voters. Shorten, who has had a low profile since stepping down as Labor leader, adds that he does not want to pre-empt the party’s review of its election campaign.

CORPORATES
AUSTRALIAN LABOR PARTY

Fed-up Lib MPs ready to call out GetUp’s attacking moves

Original article by Richard Ferguson
The Australian – Page: 4 : 19-Jul-19

Federal parliament’s electoral affairs committee will undertake an inquiry into the conduct of the 18 May election. Liberal backbenchers Nicolle Flint and Kevin Andrews say they plan to make complaints to the committee about the behaviour of left-wing activist group GetUp during the election campaign. A GetUp spokesperson said the group would be happy to appear before the committee, while also rejecting claims that it was not transparent about its financial accounting.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, GETUP LIMITED, AUSTRALIAN LABOR PARTY

It’s not time: Albo hastens slowly on ditching policies

Original article by Greg Brown, Joe Kelly
The Australian – Page: 1 & 6 : 10-Jul-19

Labor will not decide whether to abandon policies that contributed to its federal election loss until a review of its election campaign is completed in October. Labor’s proposed changes to the negative gearing and franking credits regimes are amongst those that are likely to be reconsidered. A number of Labor MPs believe that the party’s review of its policy platform should not be rushed.

CORPORATES
AUSTRALIAN LABOR PARTY

Tax cuts necessary if Shorten won: PBO

Original article by Michael Roddan
The Australian – Page: 4 : 20-Jun-19

The Parliamentary Budget Office’s review of federal election commitments shows that Labor’s policies would have cost about $17.3bn. In contrast, the Coalition’s election promises would have cost just $100m, as most of its spending commitments were outlined in the Budget prior to the election. The review also suggests that a Labor government would have had to cut income taxes by about $210bn over the next decade to avoid breaching its target of maintaining a tax-to-GDP ratio of 24.3 per cent.

CORPORATES
AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, CENTRE ALLIANCE, MORGANS FINANCIAL LIMITED, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY

ScoMo effect sends us cruising

Original article by Joyce Moullakis, Luke Griffiths, Lisa Allen, Samantha Bailey
The Australian – Page: 1 & 4 : 29-May-19

Anecdotal evidence suggests that the Coalition’s surprise federal election win has boosted activity in several sectors of the economy. Banks and mortgage brokers say there has been a sharp increase in home loan enquiries in the wake of the 18 May poll, with Commonwealth Bank CEO Matt Comyn noting that it received more mortgage loan applications in the week after the election than it had in more than six months. Cruise lines have also reported an increase in enquiries and bookings, particularly among retirees who would have been hard hit by Labor’s reforms.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSSIE HOME LOANS LIMITED, AUSTRALIAN FINANCE GROUP LIMITED – ASX AFG, NORWEGIAN CRUISE LINE, REGENT SEVEN SEAS, OCEANIA CRUISE LINES PTY LTD, ACCOR ASIA PACIFIC, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIAN LABOR PARTY, ACTU, MASTER BUILDERS AUSTRALIA INCORPORATED