PARLIAMENTARY PRACTICE – AUSTRALIA

Business warns impasse will stunt its growth

roymorgansocial Leave a comment

Original article by David Ramli
The Australian Financial Review – Page: 1 & 6 : 23-Jul-14

BHP Billiton CEO Andrew Mackenzie says the Senate’s move to block key measures in the Federal Government’s May 2014 Budget is discouraging offshore investors from investing in Australia. In particular, he has urged senators to support the abolition of the mining tax, describing it as a "huge" disincentive for potential foreign investors. ANZ Bank CEO Mike Smith says the Government has been given a mandate and should be allowed to pursue it, a view shared by Telstra CEO David Thodey

CORPORATES
BHP BILLITON LIMITED – ASX BHP|AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ|TELSTRA CORPORATION LIMITED – ASX TLS|GE MINING SERVICES HOLDINGS PTY LTD|GROUP OF TWENTY (G-20)|BUSINESS 20 (B20)|AUSTRALIA. DEPT OF THE TREASURY|PALMER UNITED PARTY|AUSTRALIAN GREENS

Budget is dead, says Palmer

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Jul-14

The Australian Government has succeeded in scrapping the carbon tax, although the Senate is expected to block legislation to repeal the mining tax. Meanwhile, many of the key measures in the May 2014 Budget remain in doubt due to resistance in the Senate. Crossbench MP Clive Palmer believes that the Government’s only options are a mini-budget or a new election. Palmer and Australians Greens leader Christine Milne both say the Government had not sought to negotiate with them regarding Budget measures

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, PALMER UNITED PARTY, McKELL INSTITUTE, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Hockey’s budget hole heading to $41b

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1-Apr : 17-Jul-14

The Australian Government may face resistance in the Senate to its plans to abolish some $A4bn worth of tax breaks as part of its proposal to repeal the mining tax. Two independent senators intend to vote against scrapping the tax breaks, and the defeat of this measure would be another blow for the Government, which has already faced opposition from Palmer United Party senators to several other measures that are linked to the mining tax

CORPORATES
PALMER UNITED PARTY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL DEMOCRATIC PARTY

Abbott dared to call double dissolution

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1-Apr : 6/19/2014

The Senate has for a second time rejected the Australian Government’s bill to scrap the Clean Energy Finance Corporation. This has provided the Government with a trigger for a double dissolution election, although Deputy Liberal Party leader Julie Bishop has downplayed such talk. She argues that voters do not want the instability and uncertainty that characterised the previous administration. The Government’s poor showing in recent public opinion polls also makes an election unlikely

CORPORATES
AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED