SOUTH AUSTRALIA – POLITICS AND GOVERNMENT

Whyalla rescue plan launched two months ago

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Original article by Simon Evans
The Australian Financial Review – Page: 19 : 25-Feb-25

Bruce Carter has been the chairman of the South Australian government’s Steel Task Force since its inception in 2015. It was established over concerns regarding the financial stability and future of the Whyalla steelworks under the then-ownership of Arrium, which went broke in 2016, with British industrialist Sanjeev Gupta emerging as the new owner of the steelworks in mid-2017. With the state government becoming increasingly fed up with Gupta’s unpaid bills and the damage they were doing to the town of Whyalla, it has been revealed that Carter phoned KordaMentha in late 2024 about the possibility of placing the steelworks into administration; the government ended up appointing KordaMentha as administrator of the Whyalla steelworks and associated iron ore mines on 19 February.

CORPORATES
KORDA MENTHA AND COLLEAGUES PTY LTD, ARRIUM LIMITED

FFI bids to develop hydrogen plant in South Australia

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Original article by Angela Macdonald-Smith, Simon Evans
The Australian Financial Review – Page: 15 : 15-Mar-23

Potential developers of a ‘green’ hydrogen hub in South Australia were given a deadline of Tuesday at 5pm to submit formal expressions of interest to the state government. Fortescue Future Industries is believed to have submitted a bid for the project, to which the state government will contribute $593m. A spokesman for FFI has declined to comment on whether Fortescue Metals Group’s clean energy arm lodged a bid. However, the spokesman says FFI believes that South Australia can become a leader in renewable energy production.

CORPORATES
FORTESCUE FUTURE INDUSTRIES PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG

South Australia enters snap seven-day lockdown

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Original article by Andrew Hough, Kara Jung, Katelin Nelligan, Gabriel Polychronis, Antimo Iannella
The Advertiser – Page: Online : 21-Jul-21

Premier Steven Marshall says South Australia is facing a "real and present threat" from the Delta variant of COVID-19. His government has imposed South Australia’s third lockdown since the pandemic began, after the cluster in the Adelaide suburb of Modbury rose to five people. Health authorities have identified more than 50 exposure sites that are linked to the oubreak. Residents of Adelaide, Gawler and the Adelaide Hills will be entitled to federal income support of up to $600 a week after Chief Medical Officer Paul Kelly designated them as ‘hotspots’. The federal government is under growing pressure to reinstate the JobKeeper scheme, with more than 13 million Australians now subject to lockdowns.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF HEALTH

SA COVID-19 lockdown: Marshall says public exercise ban will be first to go

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Original article by Andrew Hough, Matt Smith, Claire Bickers
The Advertiser – Page: Online : 20-Nov-20

South Australia recorded no new COVID-19 cases on 10 November, and the number of cases in the Parafield cluster has fallen to 22 after a close contact of a hotel security guard tested negative. However, health authorities are investigating 17 suspected cases that are linked to the cluster, while another 3,200 close and secondary contacts are in quarantine. Premier Steven Marshall has signalled that the unpopular ban on exercising in public places may be the first restriction to be eased, potentially before the six-day lockdown ends. There are 34 active COVID-19 cases across the state.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Marshall vows to rev up business with reforms

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Original article by Simon Evans
The Australian Financial Review – Page: 6 : 19-Mar-18

The Liberal Party has secured power in South Australia, with Premier-elect Steven Marshall ending 16 years of Labor rule. Marshall maintained his commitment to scrapping any specific renewable energy targets, while he noted that his plans to deregulate shop trading hours, reduce public service costs, cut payroll tax and cap local government rates will all help to revive the state economy. Outgoing Premier Jay Weatherill said he will step down as Labor leader.

CORPORATES
LIBERAL PARTY OF SOUTH AUSTRALIA, AUSTRALIAN LABOR PARTY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, SA BEST, TESLA INCORPORATED

Independents licking their lips at chance to play kingmaker

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Original article by Luke Griffiths
The Australian – Page: 8 : 15-Mar-18

There is growing speculation that the South Australian election on 17 March could result in another hung parliament. Labor was able to form government in 2014 with the support of independent MP Geoff Brock. He could potentially decide the next state government, along with fellow independent Troy Bell, if neither of the major political parties gain a majority in the lower house. Brock and Bell say they would be open to an alliance in the event of a hung parliament, but add that they have not held any formal discussions.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF SOUTH AUSTRALIA, SA-BEST, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Weatherill shift on nuke dump

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Original article by Michael Owen
The Australian – Page: 6 : 30-Jan-18

South Australian Premier Jay Weatherill has threatened High Court action against the federal government if it tries to set up a nuclear waste dump in the state. This is despite Weatherill having put forward a proposal to import nuclear waste in 2017, only to later back down on the idea. Federal Resources Minister Matt Canavan notes that three SA landowners have put forward their properties as possible sites for a waste dump, and that the communities near the properties are broadly supportive of the idea.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, HIGH COURT OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Investor sells out as fear of bank tax grows

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Original article by Andrew White, Michael Owen
The Australian – Page: 1 & 4 : 31-Oct-17

Jupiter Fund Management’s Asian Fund has sold down some of its Australian financial services investments, in part due to concern about South Australia’s proposed bank tax. If the tax is imposed, it has been estimated that it will cost the big four banks and Macquarie $A417 million over four years. The tax is due to be considered by South Australia’s upper house during the week ending 3 November, with the government needing the support of cross-bench MPs to get the tax approved.

CORPORATES
JUPITER MANAGEMENT PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN CONSERVATIVES, AUSTRALIAN GREENS, AUSTRALIA. PRODUCTIVITY COMMISSION, DIGNITY PARTY, AUSTRALIAN BANKERS’ ASSOCIATION, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, BUSINESS SA, AUSTRALIAN LABOR PARTY

ANZ to take lead in state levy fight

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Original article by Michael Roddan
The Australian – Page: 21 : 29-Jun-17

ANZ Bank CEO Shayne Elliott says the South Australian Government’s bank levy is "unfair", as it will apply to bank customers in other states. He warns that the will adversely affect the state’s economy, when the government should be pursuing policies that encourage investment in SA. Elliott held talks with Premier Jay Weatherill and Treasurer Tom Koutsantonis on 28 June. Elliott also says the Federal Government’s bank levy is "wrong".

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE

Xenophon’s revolt over SA bank tax

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Original article by Simon Evans, James Frost
The Australian Financial Review – Page: 1 & 6 : 27-Jun-17

The Australian Bankers’ Association has indicated that all of its member banks oppose the South Australian Government’s bank levy. They intend to campaign against the tax by targeting marginal seats. Meanwhile, Senator Nick Xenophon says the levy could deter investment in SA at a time when action is needed to bolster the state’s economy. Xenophon and federal Treasurer Scott Morrison argue that there is no need to impose a state levy on banks, noting that the federal levy reflects the Australian Government’s implicit guarantee on bank deposits.

CORPORATES
AUSTRALIAN BANKERS’ ASSOCIATION, NICK XENOPHON TEAM, AUSTRALIA. DEPT OF THE TREASURY, SA BEST, GM HOLDEN LIMITED, ME BANK, LIBERAL PARTY OF SOUTH AUSTRALIA, AUSTRALIAN LABOR ADVISORY COUNCIL, AUSTRALIAN CONSERVATIVES, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE, PEOPLE’S CHOICE CREDIT UNION