Slash green tape to hit 2035 target

Original article by Greg Brown, Perry Williams
The Australian – Page: 1 & 4 : 26-Aug-25

Climate Change Minister Chris Bowen is set to reveal the federal government’s 2035 carbon emissions reduction target in September. A group of Australian companies have joined forces under the Business For 75 banner to lobby the government, calling for an emissions target of at least 75 per cent. The Climate Change Authority is considering a target of 65-75 per cent, but the Business For 75 members contend that a target at the higher end of tis range would increase investment by $20bn a year. Bowen has indicated that the government may adopt a target range for reducing emissions, rather than a specific figure.

CORPORATES
AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER

Roundtable revolt on super

Original article by Matthew Cranston
The Australian – Page: 1 & 4 : 2-Jul-25

The federal government’s economic reform roundtable is set to be inundated with submissions from business leaders, the union movement and special interest groups. Many of these submissions are likely to propose alternatives to Labor’s superannuation tax reforms, particularly the controversial plan to tax the unrealised capital gains of super funds. Critics of this provision of the reforms contend that at the very least the $3m threshold should be indexed to inflation. Financial services industry veteran Geoff Wilson has previously warned that taxing unrealised gains will have a negative impact on productivity.

CORPORATES
AUSTRALIAN LABOR PARTY

Axe the red tape: Big business presses for Trump-like attack on regulation

Original article by Shane Wright
The Age – Page: Online : 4-Feb-25

The Business Council of Australia has urged the federal government and the opposition to adopt a Donald Trump-like attack on red tape, contending living standards will fall if business regulation is not reduced. The BCA’s biggest wish is for the creation of a minister for deregulation, while the BCA would like to see the Productivity Commission come up with an annual list of regulations that could be eliminated. Along with reduced regulation, the BCA would also like to see the company tax rate cut to 25 per cent, the adoption of investment allowances for all businesses and a possible increase to the GST.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA

Free TV networks push for anti-siphoning laws to include streaming services

Original article by Parker McKenzie
The New Daily – Page: Online : 14-May-24

Australia’s free-to-air networks have joined forces to launch the ‘Free for Everyone’ advertising campaign. The networks are urging the federal government to update the nation’s anti-siphoning laws to specifically include streaming services. They argue that the existing laws only guarantee that major sporting events are broadcast on linear TV rather than the streaming platforms of FTA networks, and at present there is nothing to prevent companies such as Netflix from buying the exclusive digital broadcasting rights to flagship events. The networks note that many consumers now watch broadcast TV via the internet rather than using a traditional aerial.

CORPORATES
NETFLIX INCORPORATED

Meta fixer flew in for half-hour delivery

Original article by Ronald Mizen
The Australian Financial Review – Page: 7 : 5-Mar-24

Assistant Treasurer Stephen Jones was informed by Meta’s vice president of public policy for Asia Pacific Simon Milner that the social media firm would no longer pay Australian publishers for their content 24 hours before its decision was made public. Milner is a typical example of the policy and government relations professionals that the tech firms employ to deal with irate politicians and inform them of the ‘company line from Silicon Valley’ at a time when their activities are coming under growing global scrutiny, with their work backed up by local lobbyists.

CORPORATES
META PLATFORMS INCORPORATED, AUSTRALIA. DEPT OF THE TREASURY

Plea to save media jobs in the regions

Original article by Max Mason
The Australian Financial Review – Page: 2 : 30-May-20

Regional media companies such as WIN Corporation and Australian Community Media have lobbied the federal government to further relax cross-media ownership laws. Concerns about the future of the regional media sector have been heightened by News Corp Australia’s decision to axe 36 regional and community newspapers and shift 76 titles to digital-only editions. The move will also result in the loss of hundreds of jobs. Further job cuts in the regional media are possible when the JobKeeper wage subsidy scheme ends in September.

CORPORATES
WIN CORPORATION PTY LTD, AUSTRALIAN COMMUNITY MEDIA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND COMMUNICATIONS

Catalano takes aim at irrelevant rules restricting rural TV

Original article by John Stensholt
The Australian – Page: 24 : 25-Nov-19

Antony Catalano contends that a rule which limits media companies to one TV broadcasting licence in a single market is "antiquated" and "completely outdated". He notes that the so-called ‘one-in-a-market rule’ does not apply to radio stations, newspapers or news websites. Catalano adds that he has discussed the issue with Communications Minister Paul Fletcher and is prepared to launch a campaign for reform via Australian Community Media if the federal government does not take action. Catalano and Alex Waislitz bought the regional newspaper business earlier in 2019.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

BHP to review membership of coal lobby

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 6-Sep-19

BHP says the latest review of its membership of industry associations will include Coal21, which has links to the Minerals Council of Australia. The resources giant is under growing pressure to sever its links with pro-coal lobbyists, but it has recommended that shareholders vote against a resolution calling for it to cancel its membership of the MCA due to the latter’s stance on climate change. Meanwhile, CFO Peter Beaven says BHP would be open to selling its coal assets at the right price; he adds that a decision on a proposed brownfield expansion of the Olympic Dam copper mine may be delayed until 2022.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MINERALS COUNCIL OF AUSTRALIA, COAL21 LIMITED, BUSINESS COUNCIL OF AUSTRALIA

Shorten slaps down union super bosses

Original article by Joanna Mather
The Australian Financial Review – Page: 1 & 2 : 20-Mar-19

The union movement continues to attract scrutiny for using industry superannuation funds to promote its industrial relations agenda. Labor leader Bill Shorten says the legal requirement of super fund trustees to act in the best interests of members overrides any other allegiances they may have. ACTU president Michele O’Neil recently urged super funds to use their influence as investors to ensure that companies offer secure and well-paid jobs. O’Neil is an alternate director on the board of AustralianSuper, which is partly owned by the ACTU.

CORPORATES
AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIANSUPER PTY LTD, TRANSPORT WORKERS’ UNION, TWUSUPER, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, EQUIPSUPER PTY LTD, SUNSUPER PTY LTD, AUSTRALIA. PRODUCTIVITY COMMISSION

Treasurer’s super war on activists

Original article by Michael Roddan
The Australian – Page: 1 & 2 : 4-Mar-19

Treasurer Josh Frydenberg wants to ensure that union-appointed trustees of industry superannuation funds do not seek to pursue political objectives at the expense of members’ interests. Industry funds currently manage $631 billion worth of assets, with this figure tipped to increase to over $1 trillion by 2024; boards of industry funds are equally represented by trustees from employers and unions. Frydenberg’s concerns have been sparked by union calls for funds to pressure BHP and BlueScope Steel to reverse a decision not to renew a contract for Australian-crewed ships that carry iron ore.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, BHP GROUP LIMITED – ASX BHP, BLUESCOPE STEEL LIMITED – ASX BSL, ACTU, MARITIME UNION OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIANSUPER PTY LTD, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, RIO TINTO LIMITED – ASX RIO, WOOLWORTHS GROUP LIMITED – ASX WOW, QANTAS AIRWAYS LIMITED – ASX QAN, WOODSIDE PETROLEUM LIMITED – ASX WPL, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, UNITED VOICE, AUSTRALIAN SERVICES UNION