Cormann says power price drops on the way

Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 12-Jun-19

Finance Minister Mathias Cormann has reiterated the federal government’s commitment to reducing electricity prices by 25-30 per cent by the end of 2021. He notes that the Coalition has a range of policy initiatives aimed at achieving this goal, including its so-called "big stick" legislation and its proposal to underwrite baseload generation projects. Action to reduce power prices is among the key demands of Senate crossbenchers in return for backing the Coalition’s income tax cuts package.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, ONE NATION PARTY, CENTRE ALLIANCE, AUSTRALIAN CONSERVATIVES, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY

Senator in no hurry for deal on tax cuts

Original article by Rosie Lewis
The Australian – Page: 2 : 12-Jun-19

The federal government will make its income tax cuts package a top priority when parliament resumes on 2 July. However, Centre Alliance senator Rex Patrick says his party will take its time over negotiations with the government to ensure that it achieves the best outcome. Patrick has signalled that in addition to its previously stated demands in return for supporting the tax package, Centre Alliance will seek additional assistance for pensioners who will not benefit from the tax cuts.

CORPORATES
CENTRE ALLIANCE, ONE NATION PARTY, AUSTRALIAN CONSERVATIVES, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Coalition to move on press freedom

Original article by Olivia Caisley, Richard Ferguson
The Australian – Page: 2 : 11-Jun-19

Finance Minister Mathias Cormann has advised that the federal government will shortly issue a public response to the Australian Federal Police’s recent media industry raids. One Nation leader Pauline Hanson has indicated that she would support a parliamentary inquiry into freedom of the press, although she adds that journalists tend to be biased and there should be some restrictions on press freedom. A spokesman for shadow home affairs minister Kristina Keneally says Labor is still considering whether to support an inquiry.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN FEDERAL POLICE, AUSTRALIAN BROADCASTING CORPORATION, NEWS CORP AUSTRALIA PTY LTD, ONE NATION PARTY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, CENTRE ALLIANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AL JAZEERA, NATIONAL RIFLE ASSOCIATION

Power, gas costs key to tax cut win

Original article by Rosie Lewis, Michael Roddan
The Australian – Page: 1 & 4 : 11-Jun-19

The Australian Conservatives’ Cory Bernardi is currently the only Senate crossbencher who supports the Coalition’s full income tax cuts package. Other crossbenchers have outlined their key demands in return for supporting the tax cuts. One Nation leader Pauline Hanson will push for the construction of at least one high-efficiency, low-emissions coal-fired power station, a royal commission into the family law system and the implementation of the Bradfield water-diversion scheme. Centre Alliance has also identified the high cost of gas and electricity as a key issue that needs to be addressed in return for its support.

CORPORATES
AUSTRALIAN CONSERVATIVES, ONE NATION PARTY, CENTRE ALLIANCE, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Albanese’s team mulls Coalition’s full tax cut agenda

Original article by Richard Ferguson
The Australian – Page: Online : 4-Jun-19

Opposition Leader Anthony Albanese has indicated that Labor would be open to briefly reconvening parliament in June to pass the first stage of the Coalition’s proposed income tax cuts. He adds that Labor will consider the second and third stages on their merits. Labor is unlikely to decide whether to support the full package at its first post-election shadow cabinet meeting on 4 June. Shadow treasurer Jim Chalmers says Labor will review its tax policies in the wake of the election loss, but notes that a range of tax concessions cost a lot of money that could be better used elsewhere.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY

Bruised Labor in race to embrace coal

Original article by Rosie Lewis, Charlie Peel
The Australian – Page: 4 : 3-Jun-19

Shadow agriculture minister Joel Fitzgibbon has also taken on the resources portfolio in Labor’s post-election reshuffle. Fitzgibbon has stressed that Labor will continue to support the mining and exporting of coal, adding that Labor will support all mining projects that meet environmental hurdles and do not require taxpayer subsidies. There was a swing of more than 14 per cent against Fitzgibbon in the seat of Hunter, in which coal mining is a key industry.

CORPORATES
AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD

Labor all at sea as boats view thrown overboard

Original article by Rosie Lewis, Alice Workman
The Australian – Page: 1 & 4 : 3-Jun-19

Home Affairs Minister Peter Dutton has criticised Labor’s decision to appoint Kristina Keneally to the portfolio. Dutton claims that she is the "least qualified" to be the shadow home affairs minister. Keneally has previously opposed the federal government’s policy of turning back asylum-seeker boats and expressed support for on-shore processing. However, she now says Labor fully supports boat turnbacks and offshore processing. Meanwhile, former shadow treasurer Chris Bowen will step into the health portfolio, while Bill Shorten has been given the National Disability Insurance Scheme portfolio. The new shadow cabinet has equal representation of men and women.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF HOME AFFAIRS

Doesn’t add up: Albo’s mine craft

Original article by Greg Brown, Alice Workman
The Australian – Page: 1 & 4 : 28-May-19

Resources Minister Matt Canavan contends that Labor has learned nothing from how Queenslanders voted in the federal election. Canavan was attacking new Labor leader Anthony Albanese and deputy leader Richard Marles for refusing to say whether they support Adani’s proposed Carmichael coal mine in Queensland’s Galilee Basin, with the Basin having estimated thermal coal reserves of 27 billion tonnes. Albanese stated in 2018 that "there’s no market" for thermal coal, and that the Adani mine is "a climate change issue".

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ADANI MINING PTY LTD, QUEENSLAND RESOURCES COUNCIL LIMITED

Bouris calling with a warning about Labor

Original article by Simon Benson
The Australian – Page: 8 : 17-May-19

Wizard Home Loans founder Mark Bouris has attracted scrutiny from the Australian Electoral Commission for targeting voters via a robo-calling campaign. Bouris, who is not a candidate in the federal election, used automated phone calling technology to contact 200,000 households in marginal electorates. He warned that Labor’s proposed negative gearing and capital gains tax reforms would see house prices fall. Bouris has stressed that he was not acting on behalf of any political party.

CORPORATES
AUSTRALIAN ELECTORAL COMMISSION, AUSTRALIAN LABOR PARTY, WIZARD HOME LOANS, YELLOW BRICK ROAD HOLDINGS LIMITED – ASX YBR, LIBERAL PARTY OF AUSTRALIA

Shorten draws on spirit of ‘It’s time’

Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 17-May-19

Opposition Leader Bill Shorten echoed the words of former Labor prime minister Gough Whitlam in a speech at Bowman Hall in Blacktown on 16 May. The Sydney venue was the scene of Whitlam’s iconic ‘It’s time’ speech 47 years ago, and like Whitlam in 1972, Shorten described the 2019 election as a choice between the ‘habits and fears of the past’ and the ‘demands and opportunities of the future’. Shorten used his speech to reiterate Labor’s key polices, including action on climate change and reversing penalty rate cuts.

CORPORATES
AUSTRALIAN LABOR PARTY