Stealth carbon tax warning

Original article by Greg Brown
The Australian – Page: 1 & 5 : 27-Apr-22

Prime Minister Scott Morrison has stressed that the federal government is fully committed to its net-zero emissions target of 2050, after Nationals senator Matt Canavan claimed that other countries are abandoning the this target. Meanwhile, Whitehaven Coal CEO Paul Flynn claims that Labor’s proposed changes to the government’s safeguard mechanism for large industrial emitters constitutes a "carbon tax by stealth". Labor has confirmed that coal mines will be included in a revised safeguard mechanism if it wins the federal election.

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

Labor defends agricultural visa scheme as farmers brace for minimum wage rise

Original article by Natasha May
The Guardian Australia – Page: Online : 27-Apr-22

Labor will make changes to the federal government’s Pacific Australia Labor Mobility scheme if it wins the 21 May election. It will introduce a Pacific Engagement Visa for agricultural workers from the Pacific Islands, which will offer a pathway to permanent residency. Meanwhile, a minimum wage for horticultural workers will take effect from Thursday; Daniel Walton of the Australian Workers’ Union describes it as a "momentous shift" for fruit pickers, saying they have been "routinely and systemically exploited and underpaid" under the piece rate system.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES

Labor to regulate buy now, pay later

Original article by Glenda Korporaal
The Australian – Page: 19 : 27-Apr-22

Shadow financial services minister Stephen Jones has flagged greater regulation of the ‘buy now, pay later’ sector if Labor wins the federal election. Jones says the BNPL sector is operating in an "ambiguous" regulatory space, and he contends that it requires some degree of regulation as it is directly competing with credit providers. He has also indicated that Labor will take action to halt a sharp decline in the number of financial advisers, with many leaving the industry in recent years due to federal government reforms.

CORPORATES
AUSTRALIAN LABOR PARTY

Labor mulls broader emissions safeguard

Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 8-Nov-21

Labor is still working on its climate policy in the lead-up to the next federal election, with shadow climate change minister Chris Bowen confirming that it will not include a climate tax or emissions trading scheme. Bowen has indicated that Labor will consider an expansion of the federal government’s ‘safeguard mechanism’, which requires large emitters to cut their carbon pollution. However, some Labor MPs are said to be wary of embracing the safeguard mechanism, due to concerns that it could make Labor vulnerable to a carbon tax-style scare campaign.

CORPORATES
AUSTRALIAN LABOR PARTY

Chalmers’ Shorten-era tax threat

Original article by Greg Brown
The Australian – Page: 1 & 4 : 29-Sep-21

Labor abandoned a number of unpopular policy measures that contributed to its 2019 election defeat, including changes to the franking credit and negative gearing regimes. However, shadow treasurer Jim Chalmers is said to have pushed for Labor to retain a policy which targeted the use of family trusts to minimise taxation. He is believed to have raised the issue at a recent meeting of Labor’s strategic policy review committee. Sources have indicated that discussions regarding the policy on discretionary trusts are at a preliminary stage and the issue has not been debated by the shadow cabinet.

CORPORATES
AUSTRALIAN LABOR PARTY

Don’t trust Labor to cut high-income tax: Treasurer

Original article by Phillip Coorey
The Australian Financial Review – Page: 9 : 14-Jul-21

Labor leader Anthony Albanese says the party will decide its stance on the stage-three income tax cuts at "an appropriate time". He adds that the COVID-19 pandemic is Labor’s top priority at present. Labor is expected to formally commit to retaining the legislated tax cuts if it wins the next federal election, after the issue was discussed by the party’s leadership group in recent days. However, Treasurer Josh Frydenberg says Labor has consistently opposed the Coalition’s tax policy and it cannot be trusted to honour any commitment regarding the stage-three tax cuts.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY

IR reform will avoid project blowouts

Original article by Phillip Coorey
The Australian Financial Review – Page: 2 : 10-Jun-21

The federal government has received support from the resources sector for its plans to put greenfield workplace agreements back on the industrial relations agenda. The Australian Resources & Energy Group says protected and unprotected industrial action have contributed to significant cost blowouts at number of major resources projects in recent years. Greenfield agreements would cover the entire construction phase of a project. Such agreements were included in the omnibus industrial relations bill that was rejected by the Senate earlier in 2021.

CORPORATES
AUSTRALIAN RESOURCES AND ENERGY GROUP

Labor, unions to fight Morrison on IR push

Original article by Phillip Coorey
The Australian Financial Review – Page: 2 : 9-Jun-21

The Australian Workers’ Union will oppose any renewed attempt by the federal government to introduce greenfield workplace agreements. Such agreements were included in the omnibus industrial relations bill that was rejected by the Senate earlier in 2021. AWU national secretary Daniel Walton contends that major projects have been approved without greenfield agreements being in place, and the government’s proposal would merely put downward pressure on wages. Shadow industrial relations minister Tony Burke has also accused the government of pushing for wage growth restraint.

CORPORATES
AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN LABOR PARTY

ALP warms to $130bn tax cuts

Original article by Geoff Chambers, Greg Brown, Patrick Commins
The Australian – Page: 1 & 4 : 27-May-21

Labor is finalising the tax policy that it will take to the next election, and there are indications that it may support the federal government’s stage-three tax cuts. Labor’s caucus is divided over the issue of the tax cuts, which will benefit high-income earners in particular; however, there is growing support for the tax cuts among senior Labor MPs, who are concerned about a potential voter backlash at the next election over any changes to a tax package that has already been legislated. Labor is not expected to retain the government’s Low and Middle Income Tax Offset, which was intended to be temporary.

CORPORATES
AUSTRALIAN LABOR PARTY

ALP’s return to olden days of IR

Original article by Ewin Hannan
The Weekend Australian – Page: 7 : 3-Apr-21

Master Builders Australia CEO Denita Wawn says Labor’s proposed industrial relations policy would "seriously undermine" the nation’s economic recovery. Amongst other things, Labor intends to abolish the Australian Building & Construction Commission and scrap the government’s building code if it wins the next federal election. Industrial Relations Minister Michaelia Cash notes that the ABCC has recovered more than $2.7m in wages and entitlements for some 4,200 employees since it was reinstated in 2016, while it has secured $12.7m in penalties for breaches of workplace laws.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, MASTER BUILDERS AUSTRALIA INCORPORATED, AUSTRALIA. DEPT OF EDUCATION, SKILLS AND EMPLOYMENT