POLITICAL PARTIES – AUSTRALIA – PLATFORMS

Business must lead push for IR change: Hendy

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Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 8-Jun-18

The Federal Government’s failure to pursue workplace reforms has been criticised by Peter Hendy, the former chief economic adviser to Prime Minister Malcolm Turnbull. The ex-Liberal MP notes the Coalition’s lack of action since it commissioned the Productivity Commission to undertake a review of the industrial relations regime after it won office in 2013. Hendy adds that the business community should be more active in promoting industrial relations reform, after failing to do so in recent years.

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

Burston to vote for full income tax cut package

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Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 7-Jun-18

The Federal Government still requires the support of eight out of the 10 crossbenchers to pass its income tax cuts package in the Senate. One Nation senator Brian Burston has indicated that he intends to support the entire tax package, despite party leader Pauline Hanson having committed to supporting only the first two stages of the tax package. Labor will also support the first two stages of the package, but Treasurer Scott Morrison has ruled out legislating the third stage separately.

CORPORATES
ONE NATION PARTY, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN GREENS, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE

One Nation split boosts union clout

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Original article by Joe Kelly
The Australian – Page: 1 & 2 : 4-Jun-18

Further dissent within One Nation has emerged amid allegations concerning the Federal Government’s failure to pass legislation to subject union mergers to a public interest test. One Nation senator Brian Burston claims that his colleague Peter Georgiou opposed the Ensuring Integrity Bill in defiance of Burston and party leader Pauline Hanson. Burston says the latter then agreed to oppose the bill to ensure that the party was not viewed as being divided. A government source has backed Burston’s claim, stating that the government would have had sufficient support for the bill if Georgiou had voted for it.

CORPORATES
ONE NATION PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MARITIME UNION OF AUSTRALIA, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, THE AUSTRALIAN INDUSTRY GROUP

Unions push ALP for work reforms

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Original article by Troy Bramston
The Australian – Page: 5 : 1-Jun-18

The state conference of the Australian Labor Party’s New South Wales branch will be presented with a number of union-backed motions concerning changes to workplace laws. The motions cover issues such as the right to strike, pattern bargaining, wage theft, ballots on protected industrial action, workers’ compensation and unions’ right of entry to workplaces. Unions and party branches are expected to test support for the reforms at the state conference ahead of Labor’s national conference.

CORPORATES
AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN MANUFACTURING WORKERS’ UNION, TRANSPORT WORKERS’ UNION

Key senators link company tax cuts to hit on tech giants

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

Centre Alliance senator Stirling Griff has indicated that the party remains open to supporting the federal government’s corporate tax cuts package. He says Centre Alliance would need concessions such as the introduction of a tax on digital companies in return for backing the tax package. Griff adds that his party is reviewing the third stage of the government’s personal income tax cuts package, and may still be open to supporting the bill in its entirety or legislating the third stage separately. Centre Alliance has two seats in the upper house.

CORPORATES
CENTRE ALLIANCE, ONE NATION PARTY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY

MP deserts Hanson to back tax cut

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Original article by Joe Kelly
The Australian – Page: 1 & 4 : 31-May-18

The Federal Government’s hopes of passing its company tax cuts in the Senate have been bolstered after One Nation’s Brian Burston indicated that he will support the package in defiance of party leader Pauline Hanson. Burston suggests that the upcoming by-election in the seat of Longman in Queensland may have influenced Hanson’s decision to withdraw her party’s support for the tax cuts. Burston also says he only became aware of Hanson’s decision when he read about it in the media. The Government requires the support of eight crossbenchers to pass the legislation.

CORPORATES
ONE NATION PARTY, AUSTRALIA. DEPT OF FINANCE, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, CENTRE ALLIANCE, AUSTRALIAN CONSERVATIVES, LIBERAL DEMOCRATIC PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Labor open to strip super from Fair Work

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Original article by Joanna Mather, Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 31-May-18

Sources have suggested that the Australian Labor Party will continue to oppose a move to require the majority of superannuation funds’ board members to be independent. However, shadow treasurer Chris Bowen is said to be willing to support the Productivity Commission’s recommendation to shift responsibility for selecting default super funds from the Fair Work Commission to an expert panel. Meanwhile, the PC’s deputy chair Karen Chester has downplayed concerns that the super industry would be dominated by the 10 funds on the expert panel’s list.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION, ACTU, INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, FINANCIAL SERVICES COUNCIL

Greens minimum wage cost comes in at $630m

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Original article by Ben Packham
The Australian – Page: 5 : 30-May-18

The Australian Greens have proposed permanently setting the minimum wage at 60 per cent of the median wage. Greens MP Adam Bandt says this would increase the minimum wage to around $A757 per week, compared with $A695 at present. However, the policy would cost employers an additional $A630m a year. The ACTU has also advocated pegging the minimum wage to average earnings, while Labor considered but ultimately rejected such a proposal due to its likely impact on jobs.

CORPORATES
AUSTRALIAN GREENS, ACTU, AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION

ALP urged to clarify company tax plan

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Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 30-May-18

The tax rate of businesses whose turnover is within the range of $A25m-$A50m will be reduced from 30 per cent to 27.5 per cent from 1 July, under the next stage of the Federal Government’s company tax cuts package. Council of Small Business Australia CEO Peter Strong says Labor should state whether it intends to reverse the tax cuts that have been legislated if it wins the next federal election, arguing that businesses need certainty with regard to tax policy.

CORPORATES
AUSTRALIAN LABOR PARTY, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE

Labor’s $2000 tax sting for average workers

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Original article by Simon Benson, David Uren
The Australian – Page: 1 & 4 : 30-May-18

Prime Minister Malcolm Turnbull says 10 million Australians will receive an income tax cut in the first year of the Federal Government’s three-stage tax package. However, Shadow treasurer Chris Bowen says analysis by the Treasury shows that the top 20 per cent of income earners will benefit most from the tax package. Meanwhile, analysis of data from the Australian Taxation Office suggests that Labor’s alternative tax plan will increase the average worker’s annual tax bill by between $A500 and $A2,000 by 2024-25.

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