POLITICAL PARTIES – AUSTRALIA

Ignore One Nation at your peril, says Roy

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Original article by Mark Ludlow
The Australian Financial Review – Page: 4 : 26-Jul-18

One Nation’s preferences contributed to the Liberal-National Party’s loss of Longman at the 2016 federal election. The minor political party is likely to have an impact on the outcome of the by-election on 28 July, with expectations that it will gain about 20 per cent of the primary vote. Wyatt Roy, who lost the seat to Labor’s Susan Lamb in 2016, says both of the major parties must listen to the concerns of One Nation supporters. He notes that L-NP candidate Trevor Ruthenberg should benefit from One Nation preferences.

CORPORATES
ONE NATION PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AFINITI

Labor spends up big as leadership pressure builds

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Original article by Mark Ludlow, Andrew Tillett
The Australian Financial Review – Page: 5 : 25-Jul-18

Labor has made spending commitments totalling $155m during campaigning in the seat of Longman, compared with the $44.6m that has been pledged by the Coalition. Likewise, Labor has announced spending measures in excess of $183m in the seat of Braddon, while the Coalition has committed to spending $122.7m. The other three seats in which by-elections will be held on 28 July have attracted significantly fewer spending promises from both sides of politics.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, LIBERAL-NATIONAL PARTY OF QUEENSLAND, ONE NATION PARTY, CENTRE ALLIANCE

Deloitte claims tax cuts are unaffordable

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Original article by Ben Potter
The Australian Financial Review – Page: 9 : 23-Jul-18

Deloitte Access Economics’ June Business Outlook contends that the Budget is not yet healthy enough for the federal government to commit to long-term tax cuts. Shadow treasurer Chris Bowen claims that Deloitte’s comments are an indictment of the government’s tax plans, which he contends will increase the prospect that more cuts to health and education will be needed over the next 10 years. Deloitte notes that a slump in property and a decline in the Chinese economy could bring about an end to the current revenue surge that the Budget is enjoying.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE

Braddon business writes off Shorten’s write-off

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Original article by Matthew Denholm
The Australian – Page: 5 : 5-Jul-18

Opposition Leader Bill Shorten is campaigning in the seat of Braddon in Tasmania ahead of the by-election on 28 July. Local business owner Shane Smith says the Coalition’s company tax cuts package would be of more benefit to businesses in Braddon than Shorten’s alternative of a tax deduction on capital investments of at least $20,000. Smith argues that many businesses in the electorate would not qualify as they lack the capital to make such a large investment.

CORPORATES
AUSTRALIAN LABOR PARTY, PENSTOCK DISTRIBUTORS, DEVONPORT CHAMBER OF COMMERCE AND INDUSTRY, LIBERAL PARTY OF AUSTRALIA

Nationals to demand changes to NEG

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Original article by Phillip Coorey
The Australian Financial Review – Page: 9 : 26-Jun-18

The federal government’s proposed National Energy Guarantee aims to commit power retailers to a secure electricity supply that will meet carbon emissions reduction and reliability targets. National Party MPs met to discuss the NEG on 25 June, and are understood to want its proposed mechanism to be altered so as to favour suppliers of baseload power. Some members of both the Nationals and the Liberal Party are of the view that the NEG should not have an emissions reduction component.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, BUSINESS COUNCIL OF AUSTRALIA, NATIONAL FARMERS’ FEDERATION LIMITED, THE AUSTRALIAN INDUSTRY GROUP, MINERAL COUNCIL OF AUSTRALIA, BLUESCOPE STEEL LIMITED – ASX BSL, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Class warfare digs won’t work: Coalition

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Original article by Tom McIlroy
The Australian Financial Review – Page: 6 : 26-Jun-18

Prime Minister Malcolm Turnbull claims that Labor is attacking him because he is wealthy and successful. Labor will run commercials which contend that Turnbull will benefit from the federal government’s plans to reduce the company tax rate because of the large number of companies in which he has investments. Deputy Prime Minister Michael McCormack has accused Labor of engaging in class warfare, while Labor’ finance spokesman Jim Chalmers has accused Turnbull of siding with millionaires.

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

One Nation rebel fires parting shot

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Original article by Rachel Baxendale
The Australian – Page: 2 : 15-Jun-18

One Nation has lost the balance of power in the Senate following senator Brian Burston’s decision to quit the party and become an independent. He says the falling out over One Nation’s stance on the Federal Government’s corporate tax package contributed to his departure from the party, which will now hold just two seats in the upper house. Burston will continue to support the tax package, and he hopes One Nation’s remaining senators Pauline Hanson and Peter Georgiou will do so as well. The tax package requires the support of eight of the 10 crossbenchers.

CORPORATES
ONE NATION PARTY, AUSTRALIA. DEPT OF FINANCE

Hanson will have a party of one: Anning

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Original article by Joe Kelly
The Australian – Page: 4 : 5-Jun-18

One Nation senator Peter Georgiou says he voted against the Ensuring Integrity Bill because its public interest test was intended to block a merger between the construction and maritime unions that had already been approved. The bill failed to pass the upper house after dissent among the three One Nation senators prompted the party to vote against it. Meanwhile, former One Nation senator Fraser Anning says he had forecast in late 2017 that Georgiou and senator Brian Burston will leave One Nation within 12 months. Anning has joined Katter’s Australian Party, after sitting as an independent since November.

CORPORATES
ONE NATION PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MARITIME UNION OF AUSTRALIA, KATTER’S AUSTRALIAN PARTY, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIAN LABOR PARTY

Labor leader vows to end great divide, revive wages

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Original article by Samantha Hutchinson, John Ferguson, Ben Potter
The Australian – Page: 4 : 28-May-18

Opposition Leader Bill Shorten told Victorian Labor’s state conference on 27 May that inequality is increasing in Australia. With federal Labor due to face five by-elections on 28 July, Shorten flagged plans to reduce national debt, cut income taxes, and boost education and health funding if Labor wins the next election. The previous day had seen Victorian Premier Daniel Andrews promised to impose jail terms on employers who underpay staff or whose employees are killed on the job.

CORPORATES
AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA

Industry baulks at Pauline’s gas pact

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Original article by Matt Chambers
The Australian – Page: 4 : 23-May-18

The Australian Petroleum Production & Exploration Association has warned that oil and exploration costs would rise under proposals put forward by One Nation leader Pauline Hanson. The Federal Government had agreed to a number of concessions in return for One Nation’s support for its company tax package, including changes to the Petroleum Resource Rent Tax and a gas reservation scheme in Western Australia. One Nation subsequently withdrew its support for the tax package, although LNG producers still anticipate some changes to the PRRT.

CORPORATES
AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, ONE NATION PARTY, CHEVRON AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE