STATE GOVERNMENTS – AUSTRALIA

Hockey seeks foreign funds for assets

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Original article by David Crowe
The Australian – Page: 15 : 6-Oct-14

Staff at US investment banks Bank of America Merrill Lynch, Citigroup, Morgan Stanley and JP Morgan Chase & Company will on 6 and 7 October 2014 hear from Australian Treasurer Joe Hockey. He is keen to attract major investors from the US for planned privatisation moves by state governments. The Federal Government is encouraging them to sell assets so that the funds can be reallocated to new infrastructure. Hockey will also meet with News Corporation executive chair Rupert Murdoch and Federal Reserve Bank of New York president William Dudley

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, NEWS CORPORATION – ASX NWS, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, CITIGROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, JP MORGAN CHASE AND COMPANY, POWERLINK PTY LTD, ENERGEX LIMITED, ERGON ENERGY CORPORATION LIMITED, IFM INVESTORS PTY LTD, HASTINGS FUNDS MANAGEMENT LIMITED, CHINA MERCHANTS GROUP, TAWREED INVESTMENTS LIMITED, GROUP OF TWENTY (G-20), INTERNATIONAL MONETARY FUND, FEDERAL RESERVE BANK OF NEW YORK

Call for review of safety laws

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Original article by Annabel Hepworth
The Australian – Page: 19 : 15-Aug-14

The Council of Australian Governments in 2008 announced a push to streamline workplace health and safety legislation nationally. However the state governments in Victoria and Western Australia have still not joined the framework in 2014, and the Business Council of Australia has now commented on the issue. In a submission lodged with the Federal Department of Employment, the employer body argues the model laws should be watered down in order to persuade all states to adopt them. The Master Builders Australia lobby group had also recently called for reform of the laws

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF EMPLOYMENT, MASTER BUILDERS AUSTRALIA INCORPORATED, COUNCIL OF AUSTRALIAN GOVERNMENTS

Map out roadwork: Transurban

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Original article by Damon Kitney, Mitchell Neems
The Australian – Page: 23 : 6-Aug-14

Toll roads operator Transurban has announced a 2013-14 full-year net profit increase of 44.5% to $A252.2m. The 12-month distribution is $A0.35, and a forecast of $A0.39 for the 2014-15 payout has also been confirmed. On 5 August 2014 the stock closed 0.9% lower at $A7.58. CEO Scott Charlton said the company applauded pledges by the State Governments of New South Wales, Victoria and Queensland to improve their roads infrastructure, but it was also calling for more co-ordination that involved the Federal Government as well

CORPORATES
TRANSURBAN GROUP LIMITED – ASX TCL, TRANSURBAN CITY LINK LIMITED, WESTCONNEX, HILLS MOTORWAY GROUP LIMITED, QUEENSLAND MOTORWAYS LIMITED, UBS HOLDINGS PTY LTD, BANK OF AMERICA CORPORATION, MERRILL LYNCH (AUSTRALIA) PTY LTD, MACQUARIE EQUITIES LIMITED, MACQUARIE BANK LIMITED – ASX MBL