POLITICAL PARTIES – AUSTRALIA – PLATFORMS

House prices to dive 10pc more: Ellerston

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 27 : 5-Dec-18

Brett Gillespie of Ellerston Capital is bearish about the outlook for Australia’s residential property market, forecasting that house prices will eventually fall by an additional 10 per cent. He adds that this could occur much more rapidly if Labor wins the 2019 federal election and implements its proposed changes to the negative gearing regime. Gillespie says a 4-5 per cent fall in house prices would be necessary to 4 to 5 per cent to offset the impact of the negative gearing reforms.

CORPORATES
ELLERSTON CAPITAL PTY LTD, AUSTRALIAN LABOR PARTY, CORELOGIC AUSTRALIA PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD

Labor backs down over encryption laws

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Original article by Primrose Riordan
The Australian – Page: 1 & 4 : 5-Dec-18

The federal government aims to pass its encryption legislation before parliament rises for the year after reaching a compromise with Labor. The Opposition has reached agreement with the government that only state anti-corruption commissions will not be given new powers to access encrypted data and devices. Labor had also sought to have state police excluded from the legislation, which is intended to target terrorists, paedophiles and organised crime.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, ATLASSIAN CORPORATION PLC

Avalanche of renewables may threaten power grid

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Original article by Perry Williams
The Australian – Page: 1 & 8 : 5-Dec-18

Bloomberg New Energy Finance estimates that clean energy will account for the bulk of investment in Australia’s electric power generation capacity in the next two decades or so. However, the International Energy Agency’s executive director Fatih Birol says the stability of Australia’s energy grid may be jeopardised if measures are not in place to ensure that it can cope with a big influx of renewables. Birol adds that increasing renewables’ share of the energy mix is not the sole solution to global warming. Labor proposes to implement the national energy guarantee as part of its climate change policy.

CORPORATES
INTERNATIONAL ENERGY AGENCY, AUSTRALIAN LABOR PARTY, BLOOMBERG NEW ENERGY FINANCE, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Sparks fly in ex-PM’s energy war

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Original article by Simon Benson, Joe Kelly
The Australian – Page: 1 & 4 : 5-Dec-18

Former prime minister Malcolm Turnbull says the federal government should implement his signature national energy policy, noting that it had been strongly supported by his successor Scott Morrison. Turnbull has also rejected suggestions that the government had shelved the NEG shortly before he was ousted, stating that Cabinet had agreed to put it on hold until there was sufficient support in parliament to pass the legislation. A spokesman for Turnbull has also denied claims that he has discussed the NEG with Opposition Leader Bill Shorten since the leadership spill.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, SMART ENERGY COUNCIL

ALP open to industry-wide enterprise bargaining

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Original article by Dana McCauley
The Sydney Morning Herald – Page: 5 : 26-Nov-18

The ACTU wants a future federal Labor government to amend workplace laws so that workers can take strike action across entire industries. Currently, protected industrial action is only allowed during enterprise bargaining negotiations with a single employer. Labor’s industrial relations spokesman Brendan O’Connor claims that enterprise bargaining is not delivering decent outcomes for workers, suggesting that he is amenable to union calls for industry-wide bargaining. However, industry groups claim that such a move would spell "disaster" for the Australian economy.

CORPORATES
ACTU, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN COUNCIL OF SOCIAL SERVICE

Strategy will shut four coal plants

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Original article by Matthew Denholm
The Australian – Page: 6 : 23-Nov-18

Minerals Council of Australia CEO Tania Constable says Labor must explain how it will guarantee a reliable base-load power supply under its policy of a renewable energy target of 50 per cent by 2030. She has warned that the policy could force four coal-fired power stations in Victoria, New South Wales, South Australia and Queensland to be shut down well before the 2030 target date, in addition to the Liddell plant in NSW. She adds that this would result in a big rise in electricity prices.

CORPORATES
MINERALS COUNCIL OF AUSTRALIA, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, ELECTRICAL TRADES UNION

ALP’s $2000 handout in battery plan

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Original article by Simon Benson
The Australian – Page: 1 & 4 : 22-Nov-18

Federal Opposition Leader Bill Shorten will announce key details of Labor’s energy policy on 22 November. Amongst other things, Labor will provide households with annual income of less than $180,000 with a rebate of up to $2,000 to install electricity storage batteries. Labor’s aim is for one million households to have storage batteries by 2025, as part of its commitment to a 50 per cent renewable energy target. Labor will also flag plans to implement the federal government’s national energy guarantee if it wins the next election.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Labor’s franking policy would cost economy

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Original article by Michael Roddan
The Australian – Page: 4 : 22-Nov-18

Liberal MP Tim Wilson has warned that many retirees would lose up to a third of their income under Labor’s plan to abolish cash refunds for excess dividend imputation credits. Meanwhile, the Grattan Institute has noted in its submission to a parliamentary inquiry that there would be some cost to the economy if Labor’s policy is implemented. However, the think tank has concluded that the policy may be the best option.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, GRATTAN INSTITUTE

Labor open to backing lower migrant intake

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Original article by Greg Brown
The Australian – Page: 4 : 21-Nov-18

Deputy Opposition leader Tanya Plibersek has indicated that Labor is prepared to consider the federal government’s proposal to reduce Australia’s overall migrant intake and give the states more input into the issue of immigration. However, she has criticised a proposal by Prime Minister Scott Morrison to reduce the annual cap on permanent migrants by up to 30,000. Cities Minister Alan Tudge has conceded that government revenue would be affected by any reduction in the migrant intake.

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

Labor wants anti-corruption watchdog

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Original article by Oliver Caffrey
News.com.au – Page: Online : 21-Nov-18

Opposition Leader Bill Shorten has urged Prime Minister Scott Morrison to support Labor’s push to establish a National Integrity Commission. Labor had flagged plans for a national anti-corruption agency in early 2018, and Shorten says he will seek the support of crossbenchers for the proposal when Parliament resumes in late November. A survey by Roy Morgan in September found strong support for a national anti-corruption watchdog. The SMS Morgan Poll showed that 90% of Australians support establishing a National Crimes Authority to investigate federal government, union and private sector corruption.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIA. ATTORNEY-GENERAL’S DEPT