POLITICIANS – AUSTRALIA

Dutton’s $7.5b GST idea a budget blower

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 23-Aug-18

Prime Minister Malcolm Turnbull and Treasurer Scott Morrison have criticised a proposal by Peter Dutton to reduce the cost of electricity by exempting household power bills from the goods and services tax. Turnbull has warned that the states would have to be compensated for loss of GST revenue, while Morrison says it would result in a Budget blowout. Dutton has also proposed royal commissions into the electricity and fuel sectors, as well a reduction in Australia’s annual migrant intake.

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

Dutton breach deepens Lib crisis

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Original article by David Crowe
The Age – Page: 1 : 21-Aug-18

Doubts have emerged about the eligibility of Home Affairs Minister Peter Dutton to be in Parliament, amid speculation that he could challenge the leadership of Prime Minister Malcolm Turnbull. Dutton is a beneficiary of a family trust that owns two childcare centres; they receive direct subsidies from the federal government under rules that took effect in July. The Constitution prohibits MPs from having a pecuniary interest in a government contract, and constitutional law expert Professor Anne Twomey says the question of whether Dutton would face disqualification is "borderline". A spokesperson says legal advice suggests that Dutton is not in breach of the Constitution.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HOME AFFAIRS, LIBERAL PARTY OF AUSTRALIA, UNIVERSITY OF SYDNEY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AGL ENERGY LIMITED – ASX AGL

Trust in politicians plummets

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Original article by Chris Merritt
The Australian – Page: 5 : 20-Aug-18

Trust in the federal government is at its lowest point since 2008, according to a survey by Griffith University and Transparency Inter­national. The decline in trust is linked to an increased belief that some federal MPs are corrupt, with 67 per cent of those surveyed favouring the creation of a federal anti-corruption body. Attorney-General Christian Porter says the government is examining existing anti-corruption arrangements and whether there is scope for them to be improved.

CORPORATES
GRIFFITH UNIVERSITY, TRANSPARENCY INTERNATIONAL, AUSTRALIA. ATTORNEY-GENERAL’S DEPT

Anning’s speech unites Parliament

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Original article by Tom McIlroy
The Australian Financial Review – Page: 6 : 16-Aug-18

The maiden speech of senator Fraser Anning has been widely denounced by fellow parliamentarians, particularly his call to ban Muslims from migrating to Australia and his use of the phase "final solution" with regard to immigration policy. The Katter’s Australian Party senator has refused to apologise for his comments, stating that he was exercising his right to free speech. Party leader Bob Katter has praised Anning’s speech, describing it as "solid gold", but One Nation leader Pauline Hanson says his remarks were "appalling".

CORPORATES
KATTER’S AUSTRALIAN PARTY, ONE NATION PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

MP’s support for coal spot on

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Original article by Greg Brown
The Australian – Page: 6 : 8-Aug-18

Whitehaven Coal CEO Paul Flynn has welcomed comments made by Labor MP Meryl Swanson in support of coal-fired power generation using low-emissions technology. Swanson recently toured high energy, low emissions power stations in Japan as part of a bipartisan delegation. Flynn says Australia should consider the construction of such power stations, noting that Japan accounts for about 60 per cent of Whitehaven’s thermal coal exports. However, Labor’s energy spokesman Mark Butler says HELE power stations are expensive to build and they produce more carbon emissions that gas-fired power stations.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, COAL21, MINERALS COUNCIL OF AUSTRALIA

Super carve-out is absolutely ridiculous

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Original article by Anthony Klan
The Australian – Page: 8 : 8-Aug-18

National Party senator John Williams has criticised a loophole in the Superannuation Industry (Supervision) Act which mean that super fund trustees cannot be penalised for breaching it. The statute stipulates that penalties for non-compliance include jail time and financial damages, but these sanctions do not apply to super fund trustees. Williams has described the situation as "ridiculous" and called for urgent action to address the issue.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AMP LIMITED – ASX AMP, IOOF HOLDINGS LIMITED – ASX IFL

Dismay as candidates snub dual-citizenship checklist

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Original article by Rosie Lewis
The Australian – Page: 4 : 10-Jul-18

New voluntary checklists aimed at assuring voters that political candidates are eligible under Australian citizenship laws were introduced in the wake of the dual-citizenship fiasco. It has been revealed that of the 48 candidates taking part in five upcoming by-elections, 17 have either not completed the checklist or chosen not to have the details made public. Constitutional law expert Anne Twomey says electors may decide not to vote for candidates who have decided not to fully participate in the checklist process.

CORPORATES
UNIVERSITY OF SYDNEY, LIBERAL DEMOCRATIC PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN ELECTORAL COMMISSION, CENTRE ALLIANCE

Shorten’s team rich in assets

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Original article by Ben Packham, Joe Kelly
The Australian – Page: 1 & 6 : 26-Jun-18

Analysis of federal parliament’s register of pecuniary interests shows that many Labor MPs own at least one investment property. Tanya Plibersek, Anthony Albanese and Mark Dreyfus are among the Labor frontbenchers who will benefit from the party’s proposal to "grandfather" its changes to the negative gearing regime. Labor intends to abolish negative gearing for people entering the property market, although people who invest in new housing stock will be exempt from the change.

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

Senator wants end to unions’ tax-free status

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Original article by Tom McIlroy
The Australian Financial Review – Page: 9 : 18-Jun-18

Coalition senator Amanda Stoker says unions should no longer be exempt from paying tax, as they have a competitive advantage in business areas where they operate. She adds that about two million workers do not have choice of superannuation fund because they are required to join a union-backed industry fund. Stoker also notes that many workers are also restricted to joining one union, and unions often exploit this monopoly in enterprise bargaining negotiations. Stoker will use her maiden speech in Parliament to advocate reform.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, HIGH COURT OF AUSTRALIA, AUSTRALIA. PRODUCTIVITY COMMISSION, 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