POLITICAL PARTIES – AUSTRALIA – PLATFORMS

PM’s Brexit pitch for stability

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 27-Jun-16

Prime Minister Malcolm Turnbull officially launched the Coalition’s election campaign on 26 June 2016. He warned that voting for minor political parties could result in the Opposition forming a minority government, arguing that the economic and financial market uncertainty created by the UK’s vote to leave the European Union means the Coalition is best-placed to manage the Australian economy. Turnbull also announced some $A390m of new spending measures.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA

$123bil Green splurge

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Original article by Annika Smethurst, Ellen Whinnett
Herald Sun – Page: 1 & 10 : 24-Jun-16

The Australian Greens have announced a range of election policies that will collectively cost some $A123bn. In contrast, the Coalition and the Australian Labor Party have respectively announced $A10.5bn and $A20bn worth of new spending measures during the election campaign. The Greens’ policies include an increase in the pension, which has been costed at $A10bn. The party also proposes the introduction of a tax on soft drinks, a new carbon tax, a tax on banks and a reduction in university fees. Greens leader Richard Di Natale says the policies will be funded via revenue measures and spending cuts.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Keating slams unaffordable tax cut

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Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 24-Jun-16

Former prime minister Paul Keating has criticised the Coalition’s proposal to progressively cut the corporate tax rate from 30 per cent to 25 per cent. He described the tax cut as irresponsible and unaffordable. Keating warned that it would damage Australia’s fiscal position because of lower tax revenue. According to Paul Abbey, a partner at PricewaterhouseCoopers, low corporate taxes are necessary to attract foreign investment, although it can take decades for the benefits of such a policy to be noticeable.

CORPORATES
PRICEWATERHOUSECOOPERS, BUSINESS COUNCIL OF AUSTRALIA, VICTORIA UNIVERSITY, AUSTRALIAN NATIONAL UNIVERSITY. CRAWFORD SCHOOL OF ECONOMICS AND GOVERNMENT, LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF THE TREASURY, UNIVERSITY OF NEW SOUTH WALES

Turnbull vows new laws to protect CFA volunteers

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Original article by Matthew Knott, Richard Willingham, Nicole Hasham
The Age – Page: 6 : 24-Jun-16

Prime Minister Malcolm Turnbull visited the seat of Corangamite in Victoria on 23 June 2016, where he said that amending the Fair Work Act to protect volunteer firefighters will be a priority for the Coalition if it is re-elected. Turnbull praised the Country Fire Authority, which is the subject of a power grab by the United Firefighters Union. Meanwhile, Opposition Leader Bill Shorten reiterated that the CFA dispute is a state issue, and suggested that Turnbull has only intervened due to the federal election.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. COUNTRY FIRE AUTHORITY, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, AUSTRALIAN LABOR PARTY

‘Mediscare’ delivers poll boost for Labor

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 24-Jun-16

The Australian Labor Party believes that it could gain more seats than expected in the 2016 federal election due to concerns about the privatisation of Medicare under a Coalition government. Meanwhile, Prime Minister Malcolm Turnbull sought to deflect attention from Medicare on 23 June by continuing to warn of an influx of asylum seekers if Labor wins the election, while Opposition Leader Bill Shorten reiterated that Labor will protect weekend penalty rates.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, NICK XENOPHON TEAM, RETAIL TRADERS ASSOCIATION, VICTORIA. COUNTRY FIRE AUTHORITY, VICTORIA. DEPT OF PREMIER AND CABINET

Gearing proposal won’t hit renters

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Original article by Michael Bleby
The Australian Financial Review – Page: 36 : 23-Jun-16

Research suggests that the Australian Labor Party’s proposal to impose restrictions on negative gearing would have limited impact on rents. A study conducted by SQM Research suggests that rents would remain largely unchanged for the next few years, due to extra supply. SQM Research MD Louis Christopher calculated that the proposed policy would result in a rise of 1.2 percentage points in average rental yields. An adjustment of either rents rising or prices falling would happen only after four years of the new rules being in operation.

CORPORATES
SQM RESEARCH PTY LTD, AUSTRALIAN LABOR PARTY

The boats v Medicare fear election

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 23-Jun-16

The future of Medicare was again under scrutiny on 22 June 2016, with Opposition Leader Bill Shorten describing the universal healthcare system as a "birthright" of Australians. Meanwhile, Prime Minister Malcolm Turnbull has reiterated that his government will seek to overhaul the Medicare payments system rather than outsourcing it. Turnbull has also attempted to divert attention from claims about the privatisation of Medicare by warning that the Australian Labor Party’s border protection policies would result in an influx of asylum seekers.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN MEDICAL ASSOCIATION LIMITED

AMA head rejects Shorten’s Medicare scare campaign

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Original article by David Crowe, Sean Parnell
The Australian – Page: 8 : 22-Jun-16

Australian Medical Association president Michael Gannon has rejected suggestions that outsourcing the Medicare payments system would constitute the privatisation of Medicare itself. He argues that the payments system technology is outdated and needs to be overhauled. Medicare has featured prominently in the Australian Labor Party’s recent election campaigning. Gannon says the AMA supports some of Labor’s health care policies, but it does not endorse the party’s claims regarding the future of Medicare.

CORPORATES
AUSTRALIAN MEDICAL ASSOCIATION LIMITED, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, AUSTRALIAN LABOR PARTY, THE ROYAL AUSTRALIAN COLLEGE OF GENERAL PRACTITIONERS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF HEALTH, ST JOHN OF GOD HOSPITAL SUBIACO INCORPORATED, ACTU

Shorten’s policies ‘to cut house prices’

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Original article by Sid Maher
The Australian – Page: 1 & 8 : 21-Jun-16

Adept Economics has released the results of independent modelling which suggests that house prices would fall by an average of four per cent if the Australian Labor Party’s proposed changes to the negative gearing and capital gains tax regimes are implemented. The modelling also suggests that apartments in inner-city regions could fall be up to five per cent. The report, which was produced on behalf of Walshs Financial Planning, concludes that there are risks associated with the policy, and changes should be made if Labor wins the 2016 federal election.

CORPORATES
ADEPT ECONOMICS, WALSHS FINANCIAL PLANNING PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN TAXATION OFFICE, GRATTAN INSTITUTE, URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA

Plebiscite a mandate if Coalition wins: PM

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Original article by David Crowe, Rosie Lewis
The Australian – Page: 6 : 21-Jun-16

Federal Opposition Leader Bill Shorten continues to favour a parliamentary vote on the issue of same-sex marriage. He has committed to introducing legislation within his first 100 days in office if the Australian Labor Party wins the 2016 election. Prime Minister Malcolm Turnbull in turn aims to hold a plebiscite on the issue by the end of the year if the Coalition is returned to office. A recent survey by Griffith University showed that 70 per cent of respondents support a plebiscite.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GRIFFITH UNIVERSITY. CENTRE FOR GOVERNANCE AND PUBLIC POLICY