POLITICAL PARTIES – AUSTRALIA – PLATFORMS

Lambie swings the vote on $10b housing fund

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 22-Mar-23

The federal government still hopes to pass its Housing Affordability Future Fund legislation before parliament rises next week. The prospects of getting the bill through the Senate have been boosted after the Jacqui Lambie Network flagged its potential support for the $10bn fund; however JLN senator Tammy Tyrrell says this will be conditional on a guarantee that some 1,200 of the HAFF’s 30,000 social and affordable rental homes will be built in Tasmania, the home state of both herself and party leader Jacqui Lambie. The government also requires the support of the Greens.

CORPORATES
JACQUI LAMBIE NETWORK, AUSTRALIAN GREENS

Greens threaten to support Liberal amendment in move that could derail passage of key integrity bill

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Original article by Paul Karp
The Guardian Australia – Page: Online : 29-Nov-22

The federal government is still aiming to pass legislation for its National Anti-Corruption Commission before parliament rises for the year. However, it has received a setback after the Liberal Party proposed an amendment which would require the appointments of the NACC commissioner and inspector to be approved by at least three-quarters of the joint parliamentary oversight committee’s members. The Greens have indicated that they may be open to supporting this amendment unless the government agrees to allow the NACC’s parliamentary oversight committee to be chaired by a non-government MP.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS

Public hearing test strikes right balance

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Original article by Rosie Lewis
The Australian – Page: 4 : 24-Nov-22

The Greens have confirmed that they will support legislation to establish the National Anti-Corruption Commission. However, Greens MP Max Chandler-Mather and other crossbenchers have urged the federal government to lower the threshold for public hearings of the NACC. As it stands, the NACC bill requires hearings to be held in private unless there are "exceptional circumstances". Prime Minister Anthony Albanese has defended the exceptional circumstances test, arguing that it strikes a balance between the benefits of public hearings and the potential negative impacts.

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AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Freeze rents or we’ll block Labor housing bill: Greens

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Original article by Geoff Carmody
The Australian – Page: 4 : 5-Oct-22

Legislation to establish the federal government’s Housing Australia Future Fund will be put before parliament after the Budget is handed down on 25 October. Investment returns from the fund will be used to build 30,000 new social and affordable homes over the first five years. However, the Greens contend that this will not be sufficient to meet the nation’s housing needs, and will seek a number of concessions in return for their support. They include a commitment to building 275,000 new public and affordable homes over five years and imposing a nationwide rent freeze for two years.

CORPORATES
AUSTRALIAN GREENS

Labor canvasses capping stage three tax cuts

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 4-Oct-22

The federal government has ruled out scrapping the stage-three income tax cuts that are slated to take effect in mid-2024, although it may be open to scaling them back. The Greens and the majority of independents in the Senate favour winding back the tax cuts, which will primarily benefit people on higher incomes. Labor could potentially announce any change in its stance on the legislated tax cuts in the Budget on 25 October. The British government has reversed its decision to abolish the nation’s top tax rate, and the Greens have urged Labor to follow its example.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Dutton presses button on the nuclear debate

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Original article by Greg Brown
The Australian – Page: 5 : 3-Aug-22

Federal Opposition Leader Peter Dutton says the energy crisis has demonstrated the need for more dispatchable power in the electricity grid. He adds that the nation must have an honest and informed debate on the benefits and costs of nuclear energy. Dutton has advised that the Coalition will hold an internal party review on the issue of nuclear energy; he says it is mature, proven technology that can provide reliable, emissions-free, base-load electricity. Minerals Council of Australia CEO Tania Constable has welcomed the Coalition’s commitment to looking at the option of nuclear energy, but Energy Minister Chris Bowen contends that more renewable energy is the solution to rising power prices.

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LIBERAL PARTY OF AUSTRALIA, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER

Climate change bill set to pass

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Original article by Geoff Chambers, Rosie Lewis
The Australian – Page: 1 & 5 : 3-Aug-22

The federal government’s climate bill may be put to a vote in the House of ­Representatives as early as ­Wednesday. The bill to enshrine a 43 per cent per cent emissions reduction target in law is expected to be passed after the Greens and teal independents pushed for amendments that are likely to be accepted by Labor. Meanwhile, Opposition Leader Peter Dutton has indicated that the Coalition will review its emissions reduction targets ahead of the next election. The Senate is likely to vote on the climate bill in September, with the government requiring the support of the Greens and at least one crossbencher.

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

Albanese calls Greens’ bluff on emissions target

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 17-Jun-22

Prime Minister Anthony Albanese has formally informed the United Nations Framework Convention on Climate Change that Labor intends to cut carbon emissions by 43 per cent over 2005 levels by 2030. He says legislation to implement that target will be introduced when Parliament resumes on 26 July, along with a target of net zero emissions by 2050. Albanese will need the support of the Greens to get his legislation through the Senate, as the Coalition opposes legislated targets. Albanese has ruled out negotiating a higher target with the Greens, claiming that business groups deserve investment certainty after more than a decade of "dysfunction".

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

Alert on $45bn Labor spree

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Original article by Patrick Commins
The Australian – Page: 1 & 4 : 30-May-22

S&P Global Ratings has warned that the federal government’s "off-balance-sheet" election promises could potentially put Australia’s coveted AAA credit rating at risk. Labor announced nearly $45bn worth of spending commitments during the election, including its "rewiring the nation" program and funding for social and affordable housing. The ratings agency’s lead country analyst Anthony Walker says off-balance sheet spending is automatically included in its assessment of a nation’s financial position. Walker adds that further government spending risks fuelling inflation and more aggressive tightening of monetary policy.

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S&P GLOBAL RATINGS, AUSTRALIAN LABOR PARTY

Nationals brawl over hydrogen

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 8 : 27-Apr-22

The federal government has committed more than $1bn to the development of hydrogen hubs as part of its net-zero emissions strategy. However, National Party senator Matt Canavan says energy policy should focus on building new coal-fired power stations rather than hydrogen hubs, arguing that Australia needs a reliable energy supply now. Nationals leader Barnaby Joyce has defended Canavan’s stance on coal but says that unlike Labor, the Coalition’s policies will allow the nation to have both a coal and hydrogen industry. Joyce has rejected Canavan’s call for Australia to put its net zero strategy on hold.

CORPORATES
NATIONAL PARTY OF AUSTRALIA