Google threat lifts support for new code

Original article by John Davidson
The Australian Financial Review – Page: 17 : 9-Feb-21

Consumer research company Pureprofile asked over 1,000 Australians their views on the federal government’s proposed media bargaining code and the operation of online platforms. The code would force Facebook and Google into binding arbitration if they cannot come to an agreement with media companies over payment for the use of their news content. On the question of whether Google’s threat to shut down its search engine in Australia if the code goes ahead made them more or less likely to support the code, 34 per cent of respondents stated it would make them more likely. Pureprofile CEO Martin Filz claims that Google has "underestimated the backlash against Big Tech".

CORPORATES
FACEBOOK INCORPORATED,GOOGLE INCORPORATED,PUREPROFILE LIMITED – ASX PPL

Nearly four in five Australians working from home suffered from burnout last year

Original article by Matt Johnson
The New Daily – Page: Online : 15-Jan-21

An international study undertaken on behalf of work management app Asana has found that 77 per cent of Australians and New Zealanders experienced burnout while working from home in 2020 due to the coronavirus pandemic. This compares with 71 per cent of respondents globally. The study also found that working from home resulted in more employees putting in longer hours, yet productivity was negatively affected. Jim Stanford from the Centre for Future Work contends that working from home is not sustainable.

CORPORATES
ASANA, THE AUSTRALIA INSTITUTE LIMITED. CENTRE FOR FUTURE WORK

Banks face trust crisis as customers go online

Original article by Cliona O’Dowd
The Australian – Page: 15 : 14-Dec-20

Accenture has released a report which shows that the proportion of Australians who trust banks to look after their financial wellbeing has fallen from 43 per cent to 29 per cent since 2018. Alex Trott of Accenture says the rapid shift to digital banking in response to the COVID-19 pandemic may undermine the progress that banks have made in restoring consumers’ trust in the wake of the Hayne royal commission. The report notes that fewer consumers have changed lenders in 2020, despite growing distrust of the banking sector.

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ACCENTURE

HILDA report shows home ownership sliding, incomes falling and inequality rising

Original article by Rod Myer
The New Daily – Page: Online : 20-Nov-20

The Melbourne Institute’s latest Household, Income and Labour Dynamics in Australia (HILDA) report shows that the nation’s average household assets increased by 64 per cent to $1.37 million between 2002 and 2018. However, average household debt rose by 104 per cent to $213,496 over this period. The HILDA survey also found that the proportion of Australians with a mortgage rose from 33.8 per cent to 36.3 per cent, although home ownership has declined from 68.1 per cent in 2002 to 63.9 per cent.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

Unions push for better protections as 80% of employees say they want to keep working from home

Original article by Paul Karp
The Guardian Australia – Page: Online : 4-Nov-20

The ACTU proposes to adopt a charter of rights about working from home. The charter covers issues such as a safe working environment and the right to be compensated for all hours worked from home. Meanwhile, the ACTU has released a survey of 10,000 workers which found that 81 per cent want to keep working from home if they have sufficient support from their employer. Some 47% of respondents said they are more productive at home, while 49 per cent reported experiencing a mental health issue due to working from home.

CORPORATES
ACTU

Retail super funds face member flight

Original article by Cliona O’Dowd
The Australian – Page: 15 : 8-Jul-20

Research by KPMG suggests that nearly 25 per cent of retail superannuation fund members are likely to switch funds during the next year, compared with less than 10 per cent of industry super fund members. KPMG partner Tim Thomas says lower fees of industry funds is a major contributor to the expected exodus of retail fund members. However, he cautions that industry funds risk a similar loss of members if they do not take action to improve the quality of their services. KPMG has also found that nearly 80 per cent of consumers now prefer to interact with financial services providers via digital channels.

CORPORATES
KPMG AUSTRALIA PTY LTD

The Australian named most trusted paper

Original article by Christine Lacy
The Australian – Page: 19 : 22-Jun-20

The Reuters Institute’s annual Digital News Report has found that the ABC and SBS are the most trusted media outlets in Australia, with trust scores of 72 per cent and 71 per cent respectively. Meanwhile, ‘The Australian’ is the nation’s most trusted newspaper across print and digital, with a trust score of 56 per cent. The News Corp Australia flagship was also ranked second among newspapers in Australia, the US and the UK, behind the ‘Financial Times’ with a trust score of 58 per cent.

CORPORATES
REUTERS INSTITUTE, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Home building hopes turn positive

Original article by Michael Bleby
The Australian Financial Review – Page: 29 : 16-Jan-20

The latest quarterly survey of the construction sector by the ANZ Bank and the Property Council of Australia suggests that building activity in the residential market will improve in the second half of 2020. The index of expectations for housing construction over the next 12 months has risen by 14.6 points in the survey for the March 2020 quarter; it is the largest quarterly gain since the three months to December 2013. PCA CEO Ken Morrison says the latest survey indicates that housing affordability will continue to be a key issue in 2020.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PROPERTY COUNCIL OF AUSTRALIA LIMITED

Stagnant wages and rising debt point to weak Christmas spending

Original article by Euan Black
The New Daily – Page: Online : 19-Dec-19

Research by the Commonwealth Bank shows that 12 per cent of Australian adults will do most of their Christmas shopping at the last minute. Meanwhile, 26 per cent will look for discounts to save money on their Christmas shopping. The Commonwealth Bank’s chief economist Michael Blythe says growth in consumer spending is likely to be weak in 2019. Jim Stanford from the Centre for Future Work says factors such as small pay rises and high debt have prompted consumers to reduce their spending.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, THE AUSTRALIA INSTITUTE LIMITED. CENTRE FOR FUTURE WORK

Nine chief’s pay soars to $19.6 million

Original article by James Thomson, Edmund Tadros
The Australian Financial Review – Page: 13 : 10-Dec-14

The latest executive salary survey by "The Australian Financial Review" shows that Nine Entertainment Company CEO David Gyngell was Australia’s highest-paid corporate executive in 2014. His total remuneration of $A19.6m included a $A2.5m cash bonus associated with the group’s IPO. Arowana International CEO Kevin Chin was paid $A13.3m in total, followed by News Corporation CEO Robert Thomson with total remuneration of $A13.2m

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AROWANA INTERNATIONAL LIMITED – ASX AWN, NEWS CORPORATION – ASX NWS, WESFARMERS LIMITED – ASX WES, WESTFIELD CORPORATION – ASX WFD, GUERDON ASSOCIATES PTY LTD, OAKTREE CAPITAL MANAGEMENT LLC, APOLLO GLOBAL MANAGEMENT LLC