POLITICAL PARTIES – AUSTRALIA – PLATFORMS

Greens’ $20m man now says no more tax breaks

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Original article by Chip Le Grand, Christine Lacy
The Australian – Page: 1 & 4 : 15-Mar-19

Prominent barrister and Greens candidate Julian Burnside has declined to disclose whether he used negative gearing to build a property portfolio that is estimated to be worth about $20m. The Greens want to abolish negative gearing on all future residential property purchases, while its policy would restrict existing investors to negatively gearing just one property. Burnside says it is not fair that the system benefits wealthy people such as himself at the expense of first-home buyers. The Greens policies will not affect his investment portfolio.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, MELBOURNE SAVAGE CLUB, MARITIME UNION OF AUSTRALIA, PATRICK STEVEDORES HOLDINGS PTY LTD

Dated media policies need fixing: Labor

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Original article by Zoe Samios
The Australian – Page: 7 : 15-Mar-19

Shadow communications minister Michelle Rowland has accused the federal government of adopting a piecemeal approach to media policy, claiming that it lacks a "coherent reform agenda". She adds that Australia’s media policy and industry regulation is a legacy of the analogue era and needs to be updated to take into account the rise of digital platforms.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Kelty warns ALP on wages

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Original article by Troy Bramston, Ewin Hannan
The Australian – Page: 1 & 2 : 15-Mar-19

Labor will use its submission to the Fair Work Commission’s review of the minimum wage to push for an above-inflation increase in 2019. Meanwhile, former ACTU secretary Bill Kelty says any increase in the minimum wage must reflect the economy’s capacity to absorb it. He adds that a rise in the minimum wage must be linked to productivity gains. Kelty also supports Labor’s proposal for a living wage, stating that it would benefit the economy and make enterprise bargaining more effective.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION, ACTU, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, NATIONAL RETAIL ASSOCIATION LIMITED

Emissions target will cut wages, ACTU told

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Original article by Joe Kelly, Greg Brown
The Australian – Page: 4 : 15-Mar-19

Unions have criticised Energy Minister Angus Taylor after he warned them of the potential impact of Labor’s greenhouse gas policy on wages. Taylor has written to unions claiming that wages could be reduced by $9,000 under Labor’s proposed 45 per cent emissions reduction target. The Electrical Trades Union has accused Taylor of "rank political opportunism" in targeting its members shortly before a federal election. Meanwhile, Home Affairs Minister Peter Dutton says taxpayers’ funds should not be used to build new coal-fired power stations. He says this would result in less funding for infrastructure such as roads.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, ELECTRICAL TRADES UNION, ACTU, AUSTRALIA. DEPT OF HOME AFFAIRS, GETUP LIMITED, BAECONOMICS PTY LTD, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Shorten hit on fat cat employers

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Original article by Ben Packham, Greg Brown, Jessica Cortis
The Australian – Page: 1 & 4 : 13-Mar-19

Opposition Leader Bill Shorten says Labor could legislative to mandate that the Fair Work Commission must take into account the needs of low-income workers when setting the minimum wage. He argues that the methodology for determining the minimum wage has not changed since the 1980s. Australian Industry Group CEO Innes Willox rejects suggestions that the FWC does not give sufficient weight to the needs of low-paid workers, noting that the last two increases in the minimum wage were well above the inflation rate and average wage movements.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, BUSINESS COUNCIL OF AUSTRALIA, ACTU, AUSTRALIA. DEPT OF THE TREASURY

Labor fully committed to Hayne

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Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 12-Mar-19

Shadow financial services minister Clare O’Neil will use a Committee for Sydney speech on 12 March to reveal that Labor will reject only one recommendation in the Hayne royal commission’s final report if it wins the upcoming federal election. Labor has joined the Coalition in opposing the proposal to shift the cost of mortgage brokers’ fees from lenders to borrowers. Labor has previously only expressed in-principle support for many of Kenneth Hayne’s recommendations.

CORPORATES
AUSTRALIAN LABOR PARTY, COMMITTEE FOR SYDNEY, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Coal war: Joyce sparks showdown with Libs

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Original article by Joe Kelly, Greg Brown
The Australian – Page: 1 & 4 : 12-Mar-19

National Party leader Michael McCormack has downplayed concerns about a potential leadership challenge amid growing tensions within the Coalition regarding energy policy. Former Nationals leader Barnaby Joyce has raised the prospect of ending the alliance with the Liberal Party after Prime Minister Scott Morrison ruled out federal government funding for new coal-fired power stations in Queensland. McCormack has rejected suggestions of a "coal war" within the Coalition.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Industrial umpire fair game for Labor wage push

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Original article by Ben Packham
The Australian – Page: Online : 11-Mar-19

Opposition finance spokesman Jim Chalmers says Labor would "encourage" the Fair Work Commission to deliver a living wage for workers if it wins the next election. Finance Minister Mathias Cormann claims that Labor is guilty of falsehoods when it contends pushing up wages through the FWC would not lead to higher unemployment. The FWC is required by law to take into account various criteria when making its yearly minimum wage decisions; Labor has refused to state whether it would enact legislation to change this criteria, fearing an outcry from business.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE, MINERAL COUNCIL OF AUSTRALIA

Labor, ACTU hose down wage fears

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 8-Mar-19

Opposition leader Bill Shorten has committed to ensuring that the minimum wage is increased to become a living wage if Labor wins the federal election. Shorten and ACTU secretary Sally McManus have both expressed support for the Fair Work Commission continuing to have responsibility for setting a living wage, as well as the timeframe for transitioning from the minimum wage. Prime Minister Scott Morrison contends that economic growth rather than increased taxes is the best way to lift wages.

CORPORATES
AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

PM says it’s enterprise versus envy

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 5-Mar-19

Prime Minister Scott Morrison will tell a business summit on 5 March that the differences on economic policy between the Coalition and Labor are the greatest they have been for over 40 years. Morrison will also announce a $328 million commitment for programs aimed at preventing domestic violence and support for victims. Morrison will also tell the summit that the 2019 federal election presents a choice between "enterprise and envy".

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY