POLITICAL CAMPAIGNS – AUSTRALIA

Shorten backs WA Metronet

roymorgansocial Leave a comment

Original article by Tess Ingram, Julie-anne Sprague
The Australian Financial Review – Page: 5 : 24-May-16

Opposition Leader Bill Shorten has promised to provide $A1bn worth of funding for the Metronet rail project in Western Australia if the Australian Labor Party wins the 2016 federal election. Shorten intends to utilise funding that was previously allocated to the state’s Perth Freight Link road project. State Opposition Leader Mark McGowan intends to proceed with the Metronet project if his party wins the state election in March 2017.

CORPORATES
AUSTRALIAN LABOR PARTY, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, CURTIN UNIVERSITY OF TECHNOLOGY, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIA. DEPT OF FINANCE

Stop digging, we’re deep enough in this fiscal hole

roymorgansocial Leave a comment

Original article by Judith Sloan
The Weekend Australian – Page: 24 : 21-May-16

The Australian Government’s policies means the nation faces cumulative budget deficits of $A85bn over the next four years, although this is based on GDP and revenue projections that are unlikely to be realised. The May 2016 Budget papers also show that the deficit will blow out to $A584bn in 2019-20, compared with $A499bn in 2016-17. Australia is almost certain to lose its triple-A credit rating long before 2025-26, when the deficit will top $A647bn. However, the Australian Labor Party’s election policies would ensure that the Budget is even worse off than under a Coalition government.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, COUNCIL OF AUSTRALIAN GOVERNMENTS

Labor’s $8b budget drag

roymorgansocial Leave a comment

Original article by Laura Tingle
The Australian Financial Review – Page: 1 & 4 : 23-May-16

The Federal Opposition estimates that its proposal to abolish the pharmaceutical co-payment will cost nearly $A1bn over four years. The co-payment was outlined in the Australian Government’s 2014 Budget but has been stalled in the Senate. The Opposition has now announced some $A8bn worth of election promises in the areas of health and education. Prime Minister Malcolm Turnbull has called on Opposition Leader Bill Shorten to outline how the Australian Labor Party will fund its spending promises, arguing that it cannot do so without tax increases.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIA. DEPT OF THE TREASURY

It’s time to reignite growth

roymorgansocial Leave a comment

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

Liberals play to strengths with army candidate

roymorgansocial Leave a comment

Original article by Jonathan Barrett
The Australian Financial Review – Page: 5 : 18-Aug-15

The 19 September 2015 by-election in the federal electorate of Canning in Western Australia will be a referendum on Prime Minister Tony Abbott’s performance, the Australian Labor Party says. It is regarded as a safe Liberal seat but a swing against the government is expected. Captain Andrew Hastie, an Afghanistan war veteran, has been selected to represent the Liberals in the by-election triggered by the death of Don Randall.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, SPECIAL AIR SERVICE REGIMENT, UNIVERSITY OF NEW SOUTH WALES, EDITH COWAN UNIVERSITY, LAW SOCIETY OF WESTERN AUSTRALIA, PALMER UNITED PARTY

Palmer cut $6m pre-poll cheque

roymorgansocial Leave a comment

Original article by Hedley Thomas
The Australian – Page: 8 : 31-Oct-14

Chinese state enterprise Citic Pacific is suing private vehicles of iron ore joint venture partner Clive Palmer over alleged unauthorised access to an account and the withdrawal of a total $A12,167,065. Evidence tendered to the Supreme Court of Queensland shows some of the funds were channelled to the Media Circus Network public relations firm during the federal election campaign of the Palmer United Party. The latest document lodged by the defence indicates that a cheque for $A6m was written by Palmer personally

CORPORATES
CITIC PACIFIC LIMITED, PALMER UNITED PARTY, SINO IRON PTY LTD, MEDIA CIRCUS NETWORK PTY LTD, SUPREME COURT OF QUEENSLAND, COSMO DEVELOPMENTS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MINERALOGY PTY LTD, KOREAN STEEL PTY LTD