ELECTIONS – AUSTRALIA

Pressure on Shorten over penalty rates

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Original article by Ewin Hannan
The Australian Financial Review – Page: 6 : 16-May-16

The Fair Work Commission is likely wait until after the 2016 federal election to issue its ruling on weekend penalty rates. Unions have urged Opposition Leader Bill Shorten to introduce greater protection for employees who receive penalty rates, although the Australian Labor Party has previously indicated that it will not oppose the FWC’s ruling if it recommendations a reduction in Sunday penalty rates.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ACTU

Greens put high price on power

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Original article by Sid Maher
The Australian – Page: 1 & 6 : 16-May-16

Federal Opposition Leader Bill Shorten has again stressed that his party will not seek to form government with the Australian Greens in the event of a hung parliament. However, Greens leader Richard Di Natale believes that Shorten would not give up the opportunity to become prime minister, even if it required an alliance with the Greens. He also says any such deal would require the Australian Labor Party to change its policies on issues such as climate change and asylum seekers.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. FAIR WORK COMMISSION, LIBERAL PARTY OF AUSTRALIA

Murdoch’s clout the big query

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Original article by Aaron Patrick
The Australian Financial Review – Page: 36 : 16-May-16

Media mogul Rupert Murdoch has traditionally been regarded as having a significant influence on the political landscape in Australia and abroad. However, some experts believe that the power of the Murdoch press to influence election outcomes is waning amid the rise of digital disruptors, and the 2016 federal election may reinforce this perception. Former News Limited CEO Kim Williams argues that all newspapers are losing their power to influence election outcomes.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, BUZZFEED PTY LTD, TWITTER INCORPORATED, LABOUR PARTY (GREAT BRITAIN), CONSERVATIVE PARTY (GREAT BRITAIN), UNIVERSITY OF MELBOURNE, UNIVERSITY OF NEW SOUTH WALES, SKY NEWS, AUSTRALIA. DEPT OF THE TREASURY

Labor to revive 12 per cent super guarantee

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 11-May-16

Shadow treasurer Chris Bowen has told the National Press Club that the Australian Labor Party will act quickly to release a mini-Budget if it wins the federal election on 2 July 2016. He also indicated that Labor will reinstate plans to lift the employer superannuation contribution to 12 per cent. The Australian Government put this policy on hold after abolishing the mining tax. The super guarantee has been increased from nine per cent to 9.5 per cent, but at present it is not slated to rise to 12 per cent until 2025.

CORPORATES
AUSTRALIAN LABOR PARTY, NATIONAL PRESS CLUB (AUSTRALIA)

Tables turn: Now Labor promises to protect AAA rating

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 10-May-16

Shadow treasurer Chris Bowen will address the National Press Club on 10 May 2016, where he will deliver his reply to the Australian Government’s Budget. Bowen will indicate that if the Opposition wins the federal election it will release the mid-year budget update by October, rather than in December. He will stress the need to reduce the Budget deficit in order to ensure that Australia retains its coveted triple-A credit rating. He will also question the merits of the Government’s proposal to progressively reduce the corporate tax rate.

CORPORATES
AUSTRALIAN LABOR PARTY, NATIONAL PRESS CLUB (AUSTRALIA), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S CORPORATION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RESERVE BANK OF AUSTRALIA

Eight weeks out, too close to call

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 2 : 9-May-16

The Coalition won the 2013 federal election by 53.5 per cent to the Australian Labor Party’s 46.5 per cent on a two-party preferred basis, and public opinion polls suggest that the 56-day double-dissolution election on 2 July 2016 will be very close. The Opposition will require a swing of more than four per cent to win the election and oust a federal government after just one term for the first time since 1931.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD, AUSTRALIA. OFFICE OF THE GOVERNOR-GENERAL, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

It’s time to reignite growth

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Original article by Annabel Hepworth, David Swan
The Australian – Page: 19 & 22 : 9-May-16

Business leaders say workplace reform, corporate taxes and economic stimulus are among the issues that need to be addressed during the 56-day federal election campaign. Andrew Harding, the head of Rio Tinto’s iron ore division, has stressed the need for policies that will promote economic growth, a view shared by Virgin Australia Holdings CEO John Borghetti. Business Council of Australia CEO Jennifer Westacott also argues that measures to boost economic growth should be a priority, while the Australian Industry Group has emphasised the need for tax reform.

CORPORATES
RIO TINTO LIMITED – ASX RIO, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, BUSINESS COUNCIL OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, OFX, AUSTRALIAN LABOR PARTY

Turnbull’s biggest economic landmines

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Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 9-May-16

A number of factors may affect the election prospects of Prime Minister Malcolm Turnbull on 2 July 2016. The Reserve Bank holds its next monetary policy meeting on 7 June. While rating agencies are unlikely to downgrade Australia’s credit rating during the election campaign, Turnbull will be concerned about the possibility of Australia being placed on credit watch in the wake of the Budget. Economic data to be released during the 56-day campaign include the national accounts for the March quarter and jobs data for both May and June.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA, MOODY’S INVESTORS SERVICE INCORPORATED, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE

ALP in front but Election too close to call: ALP 51% cf. L-NP 49%; Roy Morgan Government Confidence falls to 98 – lowest since Turnbull became PM.

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 2-May-16

A multi-mode Morgan Poll on Federal voting intention has found that support for Australia’s ruling Liberal-National Coalition on a two-party preferred basis has risen by one per cent to 51 per cent. The poll, which was carried out on the weekends of 23-24 April and 30 April-1 May 2016, also shows that the Coalition’s primary vote has fallen by 0.5 to 40 per cent per cent, while the Roy Morgan Government Confidence Rating has fallen by one point to 98. Roy Morgan Research executive chairman Gary Morgan says the looming Federal Election means tomorrow’s Federal Budget is the Turnbull Government’s best chance to shape the narrative and lay out the ground on which this year’s Federal Election will be fought. The Government has clearly gone into "election-mode" already with the announcement last week of a $50 billion defence spending commitment to build 12 new Shortfin Barracuda submarines in South Australia – although under contract to French company DCNS.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, DIRECTION DES CONSTRUCTION NAVALES

Penalty rates a poll bombshell

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Original article by Elizabeth Colman, Joe Kelly
The Australian – Page: 1 & 4 : 21-Apr-16

The Fair Work Commission may issue its ruling on weekend penalty rates in the retail and hospitality industries before the 2016 federal election. Employers are seeking a reduction in the penalty rates that apply for working on Sundays and public holidays. Australian Industry Group chief executive Innes Willox says penalty rates will be the key industrial relations issue during the election campaign. He argues that the current regime deters employers from hiring and training staff.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, ACTU, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, UNITED VOICE, TOURISM ACCOMMODATION AUSTRALIA, RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION