Podcasts about Australian Industry Group

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Australian Industry Group

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Best podcasts about Australian Industry Group

Latest podcast episodes about Australian Industry Group

SBS World News Radio
INTERVIEW: How Trump's trade tariffs are likely to impact Australian industry in 2025

SBS World News Radio

Play Episode Listen Later Mar 8, 2025 10:29


US President Donald Trump's new trade tariffs are expected to negatively impact Australian industry, with business leaders already struggling to turn a profit in a sluggish economy, amid lingering inflation and a tight labour market. In the run up to a federal election, Australian Industry Group's leaders survey for 2025 found that business confidence remains low. Innes Willox is AI Group's CEO and he is speaking to SBS's Sandra Fulloon.

SBS Polish - SBS po polsku
Trump nakłada na Australię cło na import stali i aluminium.

SBS Polish - SBS po polsku

Play Episode Listen Later Feb 13, 2025 4:34


Dyrektor generalny Australian Industry Group, Innes Willox, określił cła Trumpa jako uderzenie w twarz.

Money News with Ross Greenwood: Highlights
Innes Willox,  Australian Industry Group CEO 

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Feb 10, 2025 10:14


Prime Minister Anthony Albanese will need his best diplomatic skills to get Australia an exemption on steel & aluminium tariffs.See omnystudio.com/listener for privacy information.

Let Me Sum Up

Support us on Patreon... Tennant, Luke and Frankie are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Sign up today for access to coveted BoCo like bonus subscriber-only episodes, soon to include a game of Dungeons & Dragons recorded in Baku after a chat about the US election. What's not to love here? Head on over to https://www.patreon.com/LetMeSumUp.—It's a cornucopia of climate content as your intrepid hosts barely know where to start feasting as the festive season descends upon the pod. Conscious climate consumers that we are, we can't help but indulge in a little pre-xmas pud of (yet another) NEM review. There are terms of reference, and wouldn't you know, we have thoughts about them. The TL;DR of *this* NEM review is that there are a bunch of good eggs, led by Tim Nelson, in search of the successor to the Capacity Investment Scheme. And once again, heavy sighs from governance wonks and demand side proponents abound as these do not seem to be a focus.

Politics with Michelle Grattan
Politics with Michelle Grattan: Sally McManus on what unions want from Labor and Innes Willox on business wish list for Dutton

Politics with Michelle Grattan

Play Episode Listen Later Oct 24, 2024 31:22


we're joined by ACTU secretary Sally McManus and Innes Willox, the head of the Australian Industry Group, one of the peak employer groups to talk about the state of IR laws and the CFMEU.

Economy Watch
Hong Kong stocks go ballistic

Economy Watch

Play Episode Listen Later Oct 2, 2024 4:15


Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news Hong Kong is gripped by an unusual stock market frenzy, up +6.6% on the day.But first, US mortgage applications fell slightly last week after the best two consecutive weeks previously. The benchmark mortgage interest rate was unchanged and still at a recent low.This weekend (NZT) we get the important September non-farm payrolls report and it is expected to show +130,000 more jobs added in the month. Today the precursor ADP Employment Report came out showing a rise of +143,000 which was much more than the +90,000 anticipated. And their August data was revised higher. There was good job creation in both the factory sector (+42,000) and the service sector (+101,000) reported in this ADP data.Japanese consumer sentiment improved again in September, the fourth straight gain. However it isn't yet back to levels they had at the beginning of 2024.In Singapore, there was an unusually weak PMI result released overnight. Apart from the pandemic period, it fell to a record low in September, and is now in a deepish contraction.In Hong Kong, a wild stock market frenzy was underway yesterday, overwhelming brokerages with buying demand. Oddly, it is mainly about the expectation that the Chinese housing market will return to its old self and buyers will emerge to allow that. But that seems to be in the face of troubling demographics, and recent memories of steep losses for buyers. And the latest data still shows continuing steep losses for second-hand housing, continuing a 29 month trend. Maybe yesterday's Hong Kong rally was just FOMO.One thing is for certain, the Beijing government is going to print huge amounts of money to try and make a recovery happen. There will be winners, just not sure property will be one of them. But the price of key construction metals like zinc, iron ore and steel rebar are rising. The focus now turns to the late-October National People's Congress meeting and decisions to see if there really is a workable way out of their structural problems.In Australia, the widely-watched local PMI by the Australian Industry Group saw its factory PMI dive to its worst level ever at -33 (April 2020 excepted). This was far worse than expected where a much smaller contraction (-13) was forecast. Low order levels while inflation and labour pressures persist are making manufacturing there very tough. This AiG report pretty much mirrors the earlier S&P/Markit version.The UST 10yr yield is now at just on 3.78% and up +3 bps from yesterday.The price of gold will start today at US$2650/oz and down -US$20 from yesterday.Oil prices are down -US$1 at just on US$70/bbl in the US while the international Brent price is still just over US$73.50/bbl. It turns out American inventories are high so demand from this source won't be strong.The Kiwi dollar starts today at 62.7 USc and down a minor -10 bps from this time yesterday. Against the Aussie we are -40 bps lower at 91 AUc. Against the euro we are unchanged 56.8 euro cents. That all means our TWI-5 starts today at just under 70.3, and little-changed from yesterday.The bitcoin price starts today at US$61,919 and down another -0.2% from this time yesterday. Volatility over the past 24 hours has stayed modest at just on +/- 1.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Money News with Ross Greenwood: Highlights
Innes Willox, Australian Industry Group CEO

Money News with Ross Greenwood: Highlights

Play Episode Listen Later Sep 17, 2024 9:48


See omnystudio.com/listener for privacy information.

Ai Group Podcasts
‘The state of the nation' with Innes Willox, CEO Australian Industry Group

Ai Group Podcasts

Play Episode Listen Later Aug 23, 2024 49:34


Everyone's favourite CEO returns to the podcast to talk us through the current issue facing the Australian economy, and what impact could they have on business operations. Innes delivers a masterclass in macro-economics covering such as issues as - The upcoming Federal election: when will it be held and who will win. - The latest on the significant changes to Workplace Relations laws, why Ai Group is running an extensive marketing campaign to highlight the issues and what businesses need to do to not get caught out. - Why the conduct of the CFMEU is unacceptable, why Ai Group's has strongly called for the construction part of the union to be deregistered. And what this means for businesses in other sector. - Why the new ‘Safeguarding Australian Military Secretes' Act is having an immediate and worrisome impact on business resulting in unexpected (and unacceptable) consequences. Innes calls this ‘complete over -reach by government). - The impact of ongoing inflation and why this is creating an economy operating at different speeds and with different success - The impact of geopolitics and other global activity on the economy and the uncertainty this is causing businesses in Australian and around the world. - What's going on with Australian Ports and why efficiency and productivity needs to be increased - Why there is not ‘magic bullet' to solving the challenges of the Australian economy, especially in terms of Digitalisation and Decarbonisation - And much more more. This is a MUST-LISTEN episode, especially for businesspeople keen to get deep insights intothe challenges facing Australia.. and what to do about it.

Fear and Greed
Interview: "It came from nowhere" - why business is so upset about the right to disconnect

Fear and Greed

Play Episode Listen Later Feb 13, 2024 13:37 Transcription Available


The federal government's industrial relations reform includes the 'right to disconnect' - allowing workers to ignore calls, emails and messages from the boss after hours. But employers aren't happy, saying the change came out of nowhere and is driven by politics. Innes Willox, Chief Executive of the Australian Industry Group, talks to Sean Aylmer about why businesses see it as an anti-flexibility and anti-productivity measure.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Economy Watch
2023 ending with a whimper

Economy Watch

Play Episode Listen Later Dec 6, 2023 5:52


Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the world's economy seems to be ending the year in a flat funk. Momentum has leaked away and financial markets are sensing a fairly bleak 2024.However American mortgage applications rose by +2.8% last week from the prior week, marking the fifth consecutive weekly increase and pushing applications to their highest level in ten weeks. Helping was the continuing fall in home loan interest rates with the benchmark 30 year fixed rate now down to 7.35% plus points.Private businesses in the US hired +103,000 workers in November, below a downwardly revised +106,000 in October and well below the expectation of +130,000. That is according to the ADP survey. The November result brought the expected rise in services hiring, but an unexpected fall in manufacturing job levels. However, expectations for Saturday's (NZT) non-farm payrolls have firmed and are now at a +180,000 gain.US exports of goods and services came in little different in October than September (-1.0%), but were +1.3% higher than year-ago levels.In Canada, they too delivered a hawkish hold in their overnight monetary policy decision. They held its target for the overnight rate at 5% for a third consecutive meeting, in line with market expectations, leaving borrowing costs at a 22-year high. The Canadian economy currently seems stalled.Canadian exports were also little changed in October from September (+0.1%), and almost the same year-on-year.In Japan, sentiment at big manufacturers there surged, improving for a second straight month as the vehicle sector continued to recover from last year's semiconductor shortage and supply chain woes.China is really battling that flu outbreak we noted a week or so ago. Hospitals are crowded, healthcare employees very stressed. Authorities are worried, using language that is easily decoded by their population.Moody's put Hong Kong, Macau and lots of China's state-owned firms and banks on downgrade warnings overnight as it wasted little time in following up on an identical move the previous day on the mainland government's rating. The Hong Kong government isn't happy.EU retail sales volumes rose in October from September but not by as much as expected. In the end the rise was trivial, but at least it is a volume rise. However, from a year ago, these volumes are -1.2% lower, although that is much better than the -2.9% decrease in September.But German factory orders were unusually weak in October. They fell -3.7% in October from September, following an upwardly revised 0.7% rise in September. Analysts had expected a gain, but their industrial sector remains fragile. The biggest drag came from orders for machinery and equipment. These October order levels were -7.3% lower than year-ago levels. For an economy as large as Germany, that is a lot.In Norway, their parliament has backed deep-sea mining in the Arctic Ocean. This is a bit of a surprise given they have a center-left government.Yesterday's independent Aussie PMI from the Australian Industry Group was also something of a depressing read. Their Index sank deeper into contraction in November on the back of falling demand and activity. It is now back at levels last seen in the depths of the pandemic. The activity/sales, new orders and input volumes indicators all materially fell in the month. Employment increased marginally. November's was the lowest reading since June 2020. On a trend basis, all four activity indicators point to contractionary conditions.Australia released at Q3 GDP data yesterday, showing their economy grew +2.1% in the September quarter from the same period in 2022. That is better than the expected +1.8% year-on-year expansion, and the same as their Q2 expansion. Having noted all these year-on-year changes, we should also note that the change from the June quarter came in softer than anticipated - and it is this softness that is grabbing headlines across the ditch, especially the lower household incomes. It is a sharp contraction in per capita terms.The UST 10yr yield is down -7 bps from yesterday at 4.11% with the slide extending.The price of gold will start today just on US$2,030/oz and up +US$13 from yesterday.Oil prices are -US$3.50 USc lower in a notable drop at just on US$69.50/bbl in the US. The international Brent price is now at US$74.50/bbl. These are new 5 month lows.The Kiwi dollar starts today at 61.6 USc and up +¼c from yesterday. Against the Aussie we are up +10 bps at 93.7 AUc. Against the euro we are up +¼c to 57.1 euro cents. That all means our TWI-5 starts today just on 70.7 and up +2 bps from this time yesterday.The bitcoin price starts today at US$43,815 and up another +2.6% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.0%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

SPECIAL Weekend Wrap: Dutton's Garma dishonesty, parliament wrap , bosses bemoan worker rights, teachers and truck drivers take a stand

"The Week on Wednesday" with Van Badham & Ben Davison

Play Episode Listen Later Aug 6, 2023 73:50


Van Badham joins Ben Davison for an extended Weekend Wrap to look at Dutton's dishonesty about Garma being exposed on Insiders, the bosses pamphlet (Australia Financial Review) confirming the Noalition views the referendum as a political opportunity to hurt Labor and why it is so important people get involved in their local YES campaign and join your union at australianunions.org.au/wow as your union takes action for the referendum. There's also a look at the policy action from parliament this week with family and domestic violence leave becoming avaliable to employees in small businesses, the Noalition opposing increases to Jobseeker which Labor was able to push through and the Housing Affordability Future Fund making it's return to the parliament.  If the Greens team up with the Noalition again to block it the government will have a trigger for a double dissolution.  Ben and Van discuss what that could mean. Innes Willox, CEO of the Australian Industry Group, gave a national press club speech this week which could just as easily have been given in 2013.  The usual justifications for corporate greed were rolled out so Van and Ben explore what's really happened with productivity, wages and profits.  Hint: Corporate executives are not an oppressed class. We take a special look at two big campaigns to improve our Commonwealth.  The www.foreverychild.au campaign of the Australia Education Union which is trying to close the funding gap that currently sees 98% of public schools not get MINIMUM funding and the Transport reform campaign from the Transport Workers Union that is trying to make our roads safer and our supply chains more sustainable. Don't forget to go to our supporter page www.buymeacoffee.com/weekonwednesday to catch up on past episodes and help us reach and even larger audience by making a contribution. 

Ai Group Podcasts
150 years and more of assisting businesses to thrive through change with Innes Willox, CEO, Ai Group

Ai Group Podcasts

Play Episode Listen Later Jul 21, 2023 60:55


Host James Scotland chats with the Chief Executive of Australian Industry Group, Innes Willox and learns of the organisation's 150 years of continuous operation as the peak industry organisation supporting Australian business and industry. The conversation covers the history, the role and the importance of industry organisations,and considers the enormous changes to business and the Australian community in the last 150 years. Innes explains his role as CEO, and the changes that have happened in the 11 years of his tenure. The conversation turns to the present and to the future. Innes shares his thoughts and insights into many of the current issues facing Australian business including: • The current skills shortages and the jobs of the future. • The role of education in the future of business. • Digitalisation, the interaction of humans and machines, and cyber security. • The importance of increased productivity in the economy and in business. • The challenge of improving ports, current infrastructure and the required infrastructure of the post-carbon economy • Australia and the rest of the world, and Innes role in the B20: the business conference of the G20 nations. • And much more. James find out the origin of Innes name, and Innes shares many personal anecdotes and stories. The Australian Industry Group has been an influential voice for 150 years, as Australia transitioned from the first industrial revolution to the fourth, through two world wars, depressions and recessions, and through every stage of Australia's history to date. It is perfectly positioned to assist business as we face the challenge of building sustainable and resilient supply chains in Australia and with the world. This podcast is a rare opportunity to hear the CEO of Ai Group speak in a relaxed and insightful conversation, and to hear his thoughts on the past, the present and the future especially in terms of the 3Ds of the Supply Circles podcst - digitalisaton, decarbonisation and disruptions.

Vocational Voices
VET's role in transforming the future

Vocational Voices

Play Episode Listen Later Aug 9, 2022 43:38


Join host Steve Davis for some handpicked highlights from three panel discussions at the 31st National VET Research Conference ‘No Frills' held in July 2022. The conference theme was VET's role in transforming the future. Topics covered in the lively discussion include why business leaders are turning to education and training for the solutions; the future skill needs of service-based industries; upskilling and reskilling and the impact of COVID-19 on employers and their training choices; strengthening skills pathways to work for disadvantaged youth; quality VET delivery; and VET course pathways. Speakers are Ms Megan Lilly, Australian Industry Group; Ms Silvia Munoz, SkillsIQ; Mr Ian White, NCVER; Ms Kira Clarke, Brotherhood of St Laurence; Mr Hugh Guthrie, Lusid Pty Ltd and Mr Damian Oliver, National Skills Commission.  

The National Security Podcast
How the global economy is reshaping international security

The National Security Podcast

Play Episode Listen Later Jul 21, 2022 58:58


In this episode of the National Security Podcast, Sir Roland Wilson Scholar and economist Helen Mitchell and Director of Research and Economics at the Australian Industry Group Jeffrey Wilson join National Security College Policy Director Will Stoltz to discuss how the global economy is reshaping international security.It's a turbulent time for the global economy, with food and fuel crises, straining global supply chains, bounding inflation, and — especially in Australia — acute workforce and population obstacles. To explore these trends, and how they're affecting international security, Will Stolz is joined by Helen Mitchell and Jeffrey Wilson.Helen Mitchell is a Sir Roland Wilson PhD Scholar at The Australian National University (ANU) Centre for Applied Macroeconomic Analysis. She is also an economist and former diplomat.Dr Jeffrey Wilson is the Director of Research and Economics at the Australian Industry Group.Dr William A Stoltz is the Policy Director at ANU National Security College.We'd love to hear from you! Send in your questions, comments, and suggestions to NatSecPod@anu.edu.au. You can tweet us @NSC_ANU and be sure to subscribe so you don't miss out on future episodes. The National Security Podcast is available on Acast, Apple Podcasts, Spotify, and wherever you get your podcasts. See acast.com/privacy for privacy and opt-out information.

RN Breakfast - Separate stories podcast
Industry warns energy prices remain grim

RN Breakfast - Separate stories podcast

Play Episode Listen Later Jun 22, 2022 8:15


In a sign the domestic energy crisis is easing, the unprecedented shutdown of Australia's east coast energy market is being gradually lifted. Industry has welcomed the move but warns energy affordability is not returning to normal and continues to be a major issue.

Mornings with Neil Mitchell
The extreme measures the government must consider amid 'apocalyptic' energy price hikes

Mornings with Neil Mitchell

Play Episode Listen Later Jun 1, 2022 8:47


The boss of the Australian Industry Group says rising energy prices will have an "apocalyptic" impact on households and businesses, and the federal government must consider some drastic steps. See omnystudio.com/listener for privacy information.

First Fuel
68: 'A climate election' with Frankie Muskovic and Tennant Reed

First Fuel

Play Episode Listen Later May 31, 2022 19:04


In Episode 68 of First Fuel, Energy Efficiency Council CEO Luke Menzel is joined live at the National Energy Efficiency Conference 2022 with two guests: Francesca Muskovic, National Policy Manager for Sustainability and Regulatory Affairs at the Property Council of Australia, and Tennant Reed, Head of Climate, Energy and Environment Policy at Australian Industry Group. Luke, Frankie and Tennant chat about – what else – the results of the 2022 Federal election. Mentioned in this episode Frankie, Luke and Tennant's impending new podcast, Let Me Sum Up. Key topics: - Dissecting the 2022 result - Implications for right of centre climate policy - Revamping the safeguard mechanism - Driving energy performance upgrades across the economy Connect with our guests: Find Frankie at https://twitter.com/FrankieMuskovic Find Tennant at https://twitter.com/TennantReed Connect with us: Find Luke at https://twitter.com/lukemenzel Find out more about the Energy Efficiency Council at www.eec.org.au Follow us on Twitter at https://twitter.com/EECouncil Email us at firstfuel@eec.org.au To find out how you can listen to an upcoming episode of First Fuel live, visit www.eec.org.au/podcasts

RN Drive - Separate stories podcast
Australian Industry Group says 2.5 per cent increase to minimum wage ideal

RN Drive - Separate stories podcast

Play Episode Listen Later May 11, 2022 15:02


The prime minister has today accused the Labor leader of being a "loose unit" on the economy after Anthony Albanese yesterday said he would "absolutely" support a 5.1 per cent increase to the minimum wage, to keep pace with inflation. Business groups have supported a wage increase, but say an increase over 3 per cent would be reckless. Guest: Innes Willox, AIG chief executive

The Money
What do you want from the budget?

The Money

Play Episode Listen Later Mar 24, 2022 28:37


If you could nominate what you wanted from next week's federal budget, what would it be? Join us on The Money as four people representing different parts of Australian life - the community, small business, employers and those under housing stress - answer this question. Cassandra Goldie, CEO of Australian Council of Social Services; Alexi Boyd, CEO of the Council of Small Business Organisations Australia; Innes Willox, Chief Executive at Australian Industry Group and Kate Colvin spokesperson for the Everybody's Home Campaign.

The Money
What do you want from the budget?

The Money

Play Episode Listen Later Mar 24, 2022 28:37


If you could nominate what you wanted from next week's federal budget, what would it be? Join us on The Money as four people representing different parts of Australian life - the community, small business, employers and those under housing stress - answer this question. Cassandra Goldie, CEO of Australian Council of Social Services; Alexi Boyd, CEO of the Council of Small Business Organisations Australia; Innes Willox, Chief Executive at Australian Industry Group and Kate Colvin spokesperson for the Everybody's Home Campaign.

Big Ideas - ABC RN
Can business push for ambitious climate targets?

Big Ideas - ABC RN

Play Episode Listen Later Nov 8, 2021 54:05


With COP 26 in full swing we hear from some of the big players in Australian business about the push for net zero emissions by 2050. Representatives from BHP, Coles, Fortescue and the Australian Industry Group talk about their plans to reduce emissions. Will business convince governments that we can reach our climate targets?

Big Ideas
Can business push for ambitious climate targets?

Big Ideas

Play Episode Listen Later Nov 5, 2021 54:05


With COP 26 in full swing we hear from some of the big players in Australian business about the push for net zero emissions by 2050. Representatives from BHP, Coles, Fortescue and the Australian Industry Group talk about their plans to reduce emissions. Will business convince governments that we can reach our climate targets?

Australia Today with Steve Price
“It really makes you wonder about the skills and qualities of some of our leaders”: Business groups call for Governments to stick to reopening plan

Australia Today with Steve Price

Play Episode Listen Later Aug 31, 2021 8:56


Steve Price speaks to Innes Willox, the CEO of the Australian Industry Group, about why a European-style health pass would help us move on as we learn to live with covid. See omnystudio.com/listener for privacy information.

First Fuel
51: 'This won't hurt a bit' with Tennant Reed

First Fuel

Play Episode Listen Later Aug 26, 2021 42:10


In Episode 51 of First Fuel, Energy Efficiency Council CEO Luke Menzel is joined by Tennant Reed, Head of Climate, Energy and Environment Policy at Australian Industry Group to discuss their recent paper on the EU's proposed Carbon Border Adjustment Mechanism (CBAM). Luke and Tennant unpack what this and other potential future CBAMs will mean for the Australian economy, and the role a CBAM could play in Australia's own climate policy architecture. Mentioned in this episode: Swings and Roundabouts: The unexpected effects of Carbon Border Adjustments on Australia https://www.aigroup.com.au/news/policies/2021/swings-and-roundabouts-the-unexpected-effects-of-carbon-border-adjustments-on-australia/ Tennant's report celebration cake https://twitter.com/TennantReed/status/1427397945553391625 Key topics: Carbon border adjustment mechanisms - EU proposed policy - Rationale and goals of carbon border adjustments - Design considerations for CBAMs Potential utility for Australia - Managing impacts of future carbon reduction policies on trade exposed industries - Relative merits of free credits versus a CBAM Connect with our guests: Find Tennant at https://twitter.com/TennantReed Connect with us: Find Luke at https://twitter.com/lukemenzel Find out more about the Energy Efficiency Council at www.eec.org.au Follow us on Twitter at https://twitter.com/EECouncil Email us at firstfuel@eec.org.au To find out how you can listen to an upcoming episode of First Fuel live, visit www.eec.org.au/podcasts

Talking Business
Talking Business with Leon Gettler #30 - Interview with Alicia Kennedy - Managing Director, Naked Wines

Talking Business

Play Episode Listen Later Aug 26, 2021 37:14


The rise in mental health problems caused by the lockdowns in Victoria and NSW have already cost $1 billion in lost productivity and those aged 15 to 25 are likely to be the worst affected, according to updated modelling by the University of Sydney's Brain and Mind Centre. The figure builds on earlier modelling by the centre that estimated the productivity cost of the COVID-19 pandemic at more $20 billion a year due to a projected increase in psychological distress, hospitalisations and suicide. The centre's modelling considers the initial and ongoing cost of increased mental health illness to the health system and the wider economy. This includes estimates of the costs of increased suicide; the costs of caring for the increases in people self-harming and having suicidal thoughts; and estimates of the reduction in productive output of those affected by mental illness. Professor Ian Hickie, the former Mental Health Commissioner, warned the growing COVID-19-related mental health crisis, especially for young people, had become a “shadow pandemic”. Business support for mandating Covid vaccinations in workplaces is growing, with a national survey of 700 companies finding a quarter would like compulsory jabs of their employees. An Australian Industry Group survey of business attitudes to mandatory Covid vaccination in workplaces found more than half were in favour of some form of mandating. 24% said they would like to mandate Covid vaccinations for some or all of their employees; and 27% said they would like Covid vaccinations to be mandated only through a health order related to their industry.Almost 7000 COVID-19 jabs have been administered to critical workers in the food and freight sectors from Sydney's hardest-hit local government areas Co-operation between major employers and the federal government's Operation COVID Shield rollout effort has seen staff of supermarket and food giants Coles, Woolworths, Aldi, OzHarvest and Metcash vaccinated across 19 sites. About 1000 doses have been administered to employees at freight firms Linfox and DHL, according to federal government data. Ahead of a major expansion of workplace vaccinations in coming months, about 6000 Commonwealth Bank and Westpac employees in hotspot local government areas are being jabbed in a pilot phase. Rollout boss Lieutenant General John Frewen is working with the retail and university sectors on workplace vaccinations, and sporting bodies in AFL, tennis, soccer and netball are expected to be included.Hutchison Ports and DP World have told wharfies they must get the jab to come to work next week as new rules introduced by the NSW government ratchet up pressure on employers to mandate vaccinations. The stevedores advised hundreds of workers they could not work at their Port Botany terminals, located in one of the hotspot local government areas in south-western Sydney, from August 30 if they have not had their first dose of a COVID-19 vaccination. The directions confirm what employer groups suspect thousands of employers might be forced to do after the introduction of rules requiring authorised workers in 12 Sydney local government areas to be vaccinated if they work outside their LGA, unless their workplace uses rapid antigen testing. Fully vaccinated travellers will be able to claim 1000 Qantas frequent flyer points, 15 status credits to move up the loyalty tiers and a $20 discount on Qantas and Jetstar flights from tomorrow. It is part of a new initiative from the airline to encourage vaccinations. Frequent Flyer members who claim the rewards will automatically enter a prize draw to get free accommodation at Accor hotels and free fuel from BP service stations. Prize winners will also get a free international flight on Qantas or Jetstar when borders re-open, projected for mid next year. There will be 10 winners overall – one selected from each state and territory, with another two winners chosen from a national pool. The Porsche-driving mortgage broker who filmed dying police officers at a horrific multi-vehicle accident last year has been banned by the corporate cop from providing financial services or credit for at least a decade. Richard Pusey, whom a judge dubbed “the most hated man in Australia”, was banned from performing any function relating to carrying on a financial services or credit business earlier this month by the Australian Securities and Investments Commission. An investigation found the 43-year-old mortgage broker and insurance salesman had given the regulator as many as seven false statements in licence applications and compliance documents. The regulator declared he “is not a fit and proper person to participate in the financial services and credit industries”. In a statement, ASIC said Mr Pusey “has no regard for the law”, “lacks the attributes of good character, honesty, and judgment” and “cannot be relied upon to comply with directions issued from authorities”. ASIC added Mr Pusey “is likely to contravene credit legislation and financial services legislation”. Mr Pusey is in custody awaiting sentencing after pleading guilty to assaulting a woman at his home, and two road rage incidents. Mr Pusey also pleaded guilty to menacing a Westpac bank employee in a series of messages in 2019 following a credit card dispute.Australian electric car charging network JOLT plans to install 5000 free fast chargers across capital cities after Blackrock, the world's largest asset manager, bought a stake in the company and pledged an initial $100 million towards building the network. Drivers using JOLT chargers would receive 7 kWh – equivalent to about 45 kilometres of driving – for free, and be charged for power drawn after that. JOLT would also make money from advertising sold on its charging stations. All the power it sells will be renewable and the installation of the charging points is expected to begin in Sydney in September. JOLT operates charging stations in Adelaide. Charlie Reid, a managing director of BlackRock's Global Renewable Power team, said for the world to reach net zero emissions by 2050, the last internal combustion car engine would need to be sold by 2035. He said this would happen globally and in Australia, whatever government policies were in place, as Australia imported its vehicles.Supermarket giant Woolworths has responded to the push by many shoppers for faster online deliveries, striking a deal with Uber Eats for groceries and fresh fruit and vegetables to be delivered from some of its Woolworths Metro outlets within an hour. Woolworths is starting a trial for Uber Eats drivers to deliver goods ordered from 12 Woolworths Metro stores in Sydney and Melbourne. It aims to roll out the service to about 200 Woolworths outlets by early next year. Woolworths operates 996 large supermarket outlets and 78 Woolworths Metro stores, which have a smaller footprint and are generally positioned in inner-city locations to capture customers and commuters buying smaller amounts of groceries, but more frequently. But the Woolworths Metro format has suffered in the pandemic as more people worked from home and CBDs emptied out. Woolworths in June booked a $50 million write-down on the value of 13 Metro locations located in CBDs or near major train stations, which have borne the brunt of the work-from-home shift.Right-wing extremists are using platforms such as YouTube, PayPal and Buy Me A Coffee to raise money to support their nefarious activities, says the Australian Strategic Policy Institute, which is calling for anti-money-laundering laws to apply to more technology businesses. ASPI analyst Ariel Bogle wants the federal government to develop a centralised hate crime and statistics database to track and understand the financial activities of extremists operating in Australia. She is also calling for regulators to consider whether emerging platforms have obligations under laws such as the Anti-Money-Laundering and Counter-Terrorism Financing Act and the Proceeds of Crime Act.About 7000 truckies at Toll Transport will strike across the country on Friday, disrupting parcel and food deliveries at the height of the pandemic. The Transport Workers Union confirmed drivers would stop work for 24 hours after Toll refused to drop bargaining claims in crisis talks on Monday, including that part-time staff work up to 38 hours a week without overtime and new drivers work six to 12 month contracts. The stoppage is the first national strike in road transport in more than a decade and comes as home deliveries have surged following stay-at-home orders for more than 14 million people in NSW and Victoria.And the profit reporting season continues. Kogan's net profit plunged 87% to just $3.5 million in 2021. Takeover target Afterpay has widened its net loss to $159.4 million in financial 2021, versus $22.9 million in the prior year. Australia's biggest smash repair outfit AMA Group reported a $99.1 million statutory loss for the year. Chorus EBITDA rose slightly to $NZ649 million during the year, up only slightly on $NZ648 million in the 2020 financial year. Its net profit after tax fell to $47 million, from $NZ52 million, and operating revenue dipped to $NZ947 million, from $NZ959 million Reliance Worldwide revenue rose 15.3% to $1.16 billion while net profit climbed 110.5% to $188.2 million. oOh!media's revenue for the period was up 23% to $251.6 million, while earnings before interest, taxes, depreciation, and amortisation more than tripled to $33.3 million. The company reported a $9.3 million net loss after tax compared to a loss of $28 million in the prior comparable period. GPI Property Group's net profit fell to $22.96 million, down from $66.74 million a year earlier. NIB's underlying revenue rose 2.9% to $2.6 billion however its net profit rose 84.5% to $160.5 million. Hotels and cinemas operator Event Hospitality and Entertainment has posted a 45.4% fall in financial 2021 revenue to $449.3 million. It narrowed its statutory loss 15.7% to $48 million on EBITDA of $27.2 million. Mining contractor MACA's net profit after tax jumped 219% to $20.7 million following the $17.4 million loss it reported last year. Ampol's EBIT rose to $340 million, from $221 million a year ago. Michael Hill's net profit rose 15-fold to a record $45.3 million in 2021. Charter Hall reported post-tax operating earnings of $284.3 million. Latitude delivered an 81% rise in cash profits, to $121 million. Ansell sales rose 25.6% to $US2.02 billion while EBIT climbed 56% to $US338 million and profit firmed 57.5% to $US246.7 million. Perenti Global's net profit after tax and amortisation in the second half of the 2021 financial year improved by $75.3 million from a first-half statutory loss of $63.8 million to a statutory gain in the second half of $11.5 million. Underlying net profit after tax and amortisation fell from $211.7 million to $170.8 million. HUB24 reported net profit after tax of $15 million, up 53%, and underlying group earnings before interest, taxes, depreciation, and amortisation of $36.2 million which was a 47% increase on FY20. Monadelphous Group's revenue rose 18% to $1.75 billion while profit climbed 29% to $47.1 million. The Westfield Australia real estate trust Scentre Group has reported its operating profit for the half year to June 30 climbed 27.5% to $460.1 million on property revenue up 21.3% to $1.064.8 million. Total revenue fell 1.2% to $1081.4 million. Alumina's net profit dipped 19% to $US73.6 million. Carbon Revolution revenue declined 10% to $34.9 million as the company reported a $32 million loss after tax. Oil Search's revenue climbed 7% to $US667.7 million in the first half of the year while core net profit soared 463% to $139 million. Nanosonics' full year revenue was up 3% to $103.1 million for the period with an operating profit before tax of $11 million, down from $12.4 million in FY20. Voice communication software provider MNF Group's recurring revenue rose 12% to $113.2 million, while EBITDA increased 13% to $43.1 million, sitting at the top end of market guidance. Estia Health's revenue rose 4.4% to $665.4 million while profit after tax rose to $6 million following a $116.9 million loss a year earlier. Austal's net profit after tax came in at $81.1 million, down from $89 million in FY20. Superloop's total revenue rose 2.9% to $110.7 million during the year however it still reported a loss of $31.9 million for the year. Sleep treatment specialist SomnoMed has narrowed its full-year net loss to $1.18 million and lifted revenue 9% to $62.7 million for financial 2021. ReadyTech's underlying net profit after tax and amortisation rose 27% to $10.6 million. Local fund manager VGI Partners delivered a normalised net profit after tax of $42.9 million for the half-year to the end of June. Fertility specialist Monash IVF has hiked its adjusted net profit 61.5% to $23.3 million on revenue up 26.3% to $183.6 million for financial 2021. Statutory net profit climbed 116.9% to $25.5 million, with the adjusted profit number excluding the impact of JobKeeper subsidies. Viva Energy's gross profit firmed 17% to $788.9 million. Mt Gibson's sales revenue dipped to $329.7 million, from $445.2 million a year earlier, while net profit slid 24% to $92.1 million. Wagner Holdings reported net profit after tax of $10 million. Financial software player Bravura Solutions reported 13.8% fall in financial 2021 profit to $34.6 million. Northern Star's net profit climbed 299.7% to $1.03 billion. Medibank Private's net profit advanced 39.8% to $441.2 million. Sky City's reported profit dipped 33.7% to $NZ156.1 million. Seven Group's net profit firmed 447.6% to $631.4 million. Zircon miner Iluka Resources has posted a half-year net profit up 61.7% to $129 million. Orocobre's losses widened 14.7% to $US59.6 million. IDP Education's earnings before interest and tax were $64.1 million, a 41% decrease on FY20. Adbri's net profit firmed 94.5% to $56.6 million. National Storage REIT grew underlying earnings by 28% to $86.5 million for the financial year that ended in June. Nine Entertainment's net profit firmed 76% to $277.5 million. APA Group's profit after tax 98.8% to $3.68 million due to significant one-off items. Engineering Group Worley's net profit fell 50% to $86 million in financial 2021. IVE Group's net profit rose to $29.5 million, improving on the $20.2 million loss from a year earlier. Growthpoint Properties has posted a financial 2021 statutory net profit of $553.2 million, versus $272.1 million in the prior year. McMahon Holdings' Statutory net profit rose 19% to $77.2 million. Ferries and bus operator Sealink reports its underlying net profit climbed 152.6% in financial 2021 to $74.7 million. Aurelia Metals' net profit firmed 46% to $42.9 million. Green whistle painkiller merchant Medical Developments has swung to a net loss of $12.6 million. Clearview Wealth reported a 54% increase in underlying net profit after tax to $22.7 million. Dalrymple Day Infrastructure reported net profit of $113.2 million. Sunland Group's net profit after tax surged from $2.4 million in FY20 to $24.9 million in FY21. Ridley's EBITDA climbed $9.6 million to $69.1 million while total comprehensive income climbed to $29.9 million following a loss of $10.7 million a year earlier. E-commerce business MyDeal has swung to a $5.9 million loss. Zip Co has reported a staggering $652.5 million loss. Pent-up demand for youth fashion helped Universal Store lift net profit by 90% to $24.4 million in 2021.And that's it for this week. And next week, I'll be talking to Cat Long, the CEO of Trace, a company set up to help businesses and individuals reduce and/or offset their carbon footprint. And I'll be talking to economist Nicholas Gruen about ways to manage our superannuation.In the meantime you can catch me on Facebook, Twitter and LinkedIn. And if you want leave a comment. Wishing you all a safe and healthy week. And looking forward to bringing you Talking Business next week Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.

Vocational Voices
Past informing the future

Vocational Voices

Play Episode Listen Later Aug 12, 2021 40:01


Steve Davis interviews a collection of presenters from three panel discussions at the 30th National VET Research Conference 'No Frills', held on 7-9 July 2021. Topics covered in the lively discussion include future-focused education and training delivered with, and in, industry; the 'futures' of work; understanding employers' training choices; and what is a VET system fit for the future? Speakers are Professor John Buchanan, The University of Sydney; Ms Megan Lilly, Australian Industry Group; Dr Kaye Bowman, Callan Consulting Group; Mr Michael Hartman, Skills Impact; Dr Martha Kinsman, Australian National University; and Professor Stephen Billett, Griffith University.  

Alan Jones Daily Comments
Cost of living debate with ACTU Secretary and Australian Industry Group CEO

Alan Jones Daily Comments

Play Episode Listen Later Jun 18, 2021 5:41


Australian Council of Trade Unions Secretary Sally McManus and Innes Willox, Chief Executive of the Australian Industry Group. See omnystudio.com/listener for privacy information.

Ben Fordham: Highlights
Cost of living debate with ACTU Secretary and Australian Industry Group CEO

Ben Fordham: Highlights

Play Episode Listen Later Jun 18, 2021 5:41


Australian Council of Trade Unions Secretary Sally McManus and Innes Willox, Chief Executive of the Australian Industry Group. See omnystudio.com/listener for privacy information.

RN Drive - Separate stories podcast
The economic impact of Victoria's lockdown

RN Drive - Separate stories podcast

Play Episode Listen Later Jun 7, 2021 7:40


Authorities in Victoria are warning that even if the lockdown lifts on Thursday as planned, the long weekend won't be what many people and businesses had hoped for. The state government has announced more than $450 million in business support packages, but there's been criticism that many sole traders are ineligible for the assistance. Innes Willox, Chief Executive of the Australian Industry Group

Mornings with Neil Mitchell
Package of pain: 'No doubt' businesses will fold and unemployment will rise in coming weeks

Mornings with Neil Mitchell

Play Episode Listen Later Mar 24, 2021 9:34


The ACTU and Australian Industry Group have warned there's "no doubt" businesses will fold and unemployment will rise when a slew of government lifelines introduced during the pandemic end on Sunday. See omnystudio.com/listener for privacy information.

First Fuel
35: Grubby centrism with Frankie Muskovic and Tennant Reed

First Fuel

Play Episode Listen Later Feb 3, 2021 51:12


In Episode 35 of First Fuel, Energy Efficiency Council CEO Luke Menzel is joined by two guests: Francesca Muskovic, National Policy Manager for Sustainability and Regulatory Affairs at the Property Council of Australia, and Tennant Reed, Head of Climate, Energy and Environment Policy at Australian Industry Group. Luke, Frankie and Tennant discuss what is on the energy and climate agenda for 2021, how it will be shaped by the newly-minted Biden administration, and what it all means for Australia. Mentioned in this episode: First Fuel Episode 29: Biden and climate with Frankie Muskovic and Tennant Reed https://anchor.fm/energy-efficiency-council/episodes/29-Biden-and-climate-with-Frankie-Muskovic-and-Tennant-Reed-em7rfc Connect with our guests: Find Frankie at https://twitter.com/FrankieMuskovic Find Tennant at https://twitter.com/TennantReed Connect with us: Find Luke at https://twitter.com/lukemenzel Find out more about the Energy Efficiency Council at www.eec.org.au Follow us on Twitter at https://twitter.com/EECouncil Email us at firstfuel@eec.org.au To find out how you can listen to an upcoming episode of First Fuel live, visit www.eec.org.au/podcasts

3AW Breakfast with Ross and John
Frustrated business leader takes aim at Australia's fragmented COVID-19 response

3AW Breakfast with Ross and John

Play Episode Listen Later Jan 11, 2021 5:06


CEO of the Australian Industry Group, Innes Willox, says inconsistent state processes for border closures and restrictions are costing businesses and costing jobs. See omnystudio.com/listener for privacy information.

3AW Breakfast with Ross and John
Re-jigged mask rules likely to impact number of workers returning to the CBD

3AW Breakfast with Ross and John

Play Episode Listen Later Jan 4, 2021 5:36


Tim Piper, from the Australian Industry Group, said fresh transmission and tightened mask rules were almost certain to impact the number of people returning to the office. See omnystudio.com/listener for privacy information.

First Fuel
29: Biden and climate with Frankie Muskovic and Tennant Reed

First Fuel

Play Episode Listen Later Nov 9, 2020 53:58


In Episode 29 of First Fuel, Energy Efficiency Council CEO Luke Menzel is joined by two guests: Francesca Muskovic, National Policy Manager for Sustainability and Regulatory Affairs at the Property Council of Australia, and Tennant Reed, Head of Climate, Energy and Environment Policy at Australian Industry Group. Luke, Frankie and Tennant unpack Joe Biden's win in the 2020 United States Presidential election and what it means for American climate policy. They also reflect on the likely flow on effects for global climate talks, and how renewed US interest in climate action may influence the political debate here in Australia. Mentioned in this episode: Interview with former Australian Prime Ministers Kevin Rudd and Malcolm Turnbull (Insiders, Australian Broadcasting Corporation) https://iview.abc.net.au/show/insiders-the-interviews/series/0/video/NN2015H047S00 Connect with our guests: Find Frankie at https://twitter.com/FrankieMuskovic Find Tennant at https://twitter.com/TennantReed Connect with us: Find Luke at https://twitter.com/lukemenzel Find out more about the Energy Efficiency Council at www.eec.org.au Follow us on Twitter at https://twitter.com/EECouncil Email us at firstfuel@eec.org.au To find out how you can listen to an upcoming episode of First Fuel live, visit www.eec.org.au/podcasts

Finance & Fury Podcast
Will negative interest rates come to Australia?

Finance & Fury Podcast

Play Episode Listen Later Sep 9, 2020 16:50


Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question comes from Cameron. “Do you think that negative interest rates will come to Australia?” Today – look at what would trigger a negative interest rate policy (NIRP) – exchange rates, economic conditions like employment or inflation, then debt levels – at the household level The cash rate was cut to a record-low 0.25% in March and has remained there since. The Reserve Bank board insists it will not increase the cash rate until progress is being made towards full employment and it is confident that inflation will be sustainably within the two per cent to three per cent target band. Negative interest rates are a pretty dramatic financial measure to take – But lots of drastic measures have been taken recently – those by governments and central banks to help boost the Australian economy In a quarterly statement on monetary policy the RBA says negative interest rates would be an “extraordinary unlikely” course of action At this stage - the RBA has again signalled it won’t be moving to negative interest rates – so for now they are ruling it out – but will they still have this same position moving into the future   Current look at the outlook for rates in the short term ASX 30-day interbank cash rate – future implied yield curve - The indicatorcalculates a percentage probability of an RBA interest rate change based on the market determined prices in the ASX 30 Day Interbank Cash Rate Futures – form of financial betting on interest rate movements 25% is the current - RBA decrease would go to 0% Up until Feb 2022 – about 50/50 is what the market expects – In the short term – over the next week – no change – 36% - decrease to 0% is 64% So the market is expecting a decline in the short term- not 100% accurate – it is a best guess based around all the current information – but this information can change Next RBA meeting is the 6th of October – may be a chance that the rates are cut then depending on But the indicators don’t point to anything negative at this stage – so what are the probabilities of it going negative   Exchange rates The Reserve Bank concedes negative interest rates would be a stimulatory benefit by putting downward pressure on the Australian dollar Covered the exchange rate basics over the last few FF episodes - The RBA believes the Australian dollar is “broadly in line with its fundamentals” This means that they think that there is no need to intervene through moving the interest rates to help the exchange rates However – if the AUD becomes above what they consider to be fair value – they might be more comfortable to move interest rates down to help reduce the exchange rates So at this stage - Under the current circumstances – the current RBA policy approach is probably not going to be reconsidered – so the exchange rate isn’t going to be what creates a situation for a NIRP   Economic indicators – inflation and employment Employment - It forecasts – in what the RBA calls its baseline case – the unemployment rate will hit a peak of 10 per cent in December, rather than the nine per cent rate predicted three months ago. Stimulus measures at this stage has kept the unemployment figures lower than originally anticipated – the job keeper payments The RBA then expects a gradual easing to seven per cent by December 2022 Employment is one contributor to inflation through – and other factors like GDP GDP growth - RBA also expects economic growth will contract by 6% this year Also expects that the recovery will be slower than previously thought – so GDP growth is slightly lower than the forecasts Expect that Australia’s economic growth will take several years to return to the trend path expected before the economic downturn However – this was before the situation in Victoria with the lockdowns – this creates a situation of further reduced growth in the September quarter delay the recovery beyond what was originally forecasted The government expects as much as well - Finance Minister Mathias Cormann said the situation in Victoria was clearly “having a very bad impact on the economy nationally”. Outside of Government or RBA forecasts – other economic figures showed the pace of contraction in Australia’s services sector and business was slowing in July - but that was before the situation in Victoria emerged – which will lower the forecasts further Looking at other indicators - The Australian Industry Group’s Australian performance of services index rose 12.5 points in July This index with a number of above 50 shows economy expanding – currently sitting at an index of 44.0 points - shows that contraction is at play These was some evidence the national economy was stabilising before the Victorian shutdown – but with this occurring – it may slow down the pace of recovery – If it does – and employment doesn’t return by as much – RBA may drop rates – but this alone wouldn’t be justification to go into the negative territory Inflation - The RBA has released its latest forecasts - expects underlying rate of inflation will remain below 2% until at least December 2022 – so for more than 2 years Current inflation – gone into the slightly negative territory Inflation over the past 10 years – has been below the band range – a little below 2% p.a. Inflation is probably going to be the biggest thing that the RBA is looking at for interest rate policy Petrified of the deflation materialising   Looking at one of the other biggest indicators IMO for negative interest rates – Household debt levels Looking at the countries with negative interest rates at the moment have two major things in common – 1 and 3 on the list of Household debt to GDP levels – as well as persistently low levels of inflation Switzerland and Denmark – Household Debt to GDP - 132% and 112% respectively – but Australia is number 2 on the list at 120% The next down is Norway and Canada with 105% and 102% respectively Switzerland has a negative cash rate of negative 0.75% - GDP growth forecasts of 1.5% to 2% Denmark – current cash rate is negative 0.6% In Denmark - the banks have launched the world's first negative interest rate mortgage This means they are handing out loans to homeowners where the charge is minus 5%a year Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned There is one other country with negative rates – at negative 0.1% - That is Japan – they have relatively low household debt levels though – about 59% - Their level of Government debt is at 237% Debt levels – with negative rates it helps to pay it off However – the end result of getting inflation is the most important factor here – Looking at countries with negative interest rates – Household debt to GDP is typically high and inflation is very low – but this has to be so for some time for the RBA or central banks to take the extreme measures Would expect that Australia may see negative interest rates – if out household debt to GDP stays at an elevated rate – and if our inflation rate stays below the 1% level for some time Would have to be a number of years – 2-3more as an estimate for negative rates When looking at the fixed loan rates for the major banks – like the big 4 - are one pointing factor that an interest rate drop is likely – The household debt to GDP is another – basket of countries with highest household debt Even though it isn’t a solution – it is seen as the tool that monetary officials have at their disposal to try and get inflation to materialise – This is done through their Desire to help boost GDP growth at the same time through reducing the cash people spend on mortgage – and instead can spend more in the economy More money can spend – the more GDP growth should return and the more inflation should come back – but this ignores the supply side to the equation – another story for another day With increasing levels of debt on new loans due to lowering interest rates – even though interest rates are low – means that there is additional household cashflow going to pay back debt – So less towards economy – less inflation based around the measurements Comparing other countries with negative rates – Inflation in Denmark – been between1-0% since 2014 – been low for some time Inflation in Switzerland – been between -1% and 1% since 2010 – so been also low for some time Inflation in Australia – Has been present – up until recently – the big question will be if this returns as to if we go into the negative rate territory over time If inflation in Australia starts to lag and our household debt to GDP remains high – on the road towards negative interest rates But plenty of other countries have low to negative inflation rates at the moment – the thing to look out for is persistent low inflation rates – for many years But negative rates come with costs too. They can cause stresses in the financial system that are harmful to the supply of credit and they can encourage people to save rather than spend Hurts savers as well – individuals with cash in the bank would start having to pay the bank to store money - With offset accounts Whilst the RBA has said they are ruling out negative interest rates – the current measures may have little long term impact in boosting the economy – due to the high levels of household debt levels Therefore – end result may be that the NIRP may be coming to Australia The RBA would never say this until it was likely to occur – Forward guidance can freak the market out – At this stage – not likely – but if things don’t improve or deteriorate – especially inflation – then will likely come to Australia It Wont be exchange rates that cause this – will be lower GDP and Inflation rates not being in line with the RBA economic wishes – so they will take measures to make this happen The only tool in their arsenal is to keep lowering rates Thanks for the question Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/

First Fuel
19: Post pandemic pathways with Tennant Reed

First Fuel

Play Episode Listen Later Sep 3, 2020 62:30


In Episode 19 of First Fuel, Energy Efficiency Council CEO Luke Menzel is joined by Tennant Reed, Head of Climate, Energy and Environment Policy at Australian Industry Group, to discuss their recent paper on post pandemic energy and climate policy. Luke and Tennant discuss the impact of COVID-19 on gas prices, electricity prices and emissions, the reasons these changes are unlikely to endure, and why a vision for net zero – and policy action to back it up – is more crucial than ever. Mentioned in this episode: Ring Fit Adventure for Nintendo Switch (video) https://www.youtube.com/watch?v=gO6fw0GU-fE Post Pandemic Policy: Climate and Energy (Ai Group) https://www.aigroup.com.au/policy-and-research/policy-papers/climate-energy/ Statement on managing climate risk (Australian Climate Roundtable) https://www.australianclimateroundtable.org.au/wp-content/uploads/2020/08/ACR_statement_on_climate_impacts-August_2020.pdf Building a stronger and cleaner post-pandemic Australia (joint statement on energy efficiency stimulus) https://www.eec.org.au/news/eec-news/article/building-a-stronger-and-cleaner-post-pandemic-australia Connect with our guests: Find Tennant at https://twitter.com/TennantReed Connect with us: Find Luke at https://twitter.com/lukemenzel Find out more about the Energy Efficiency Council at www.eec.org.au Follow us on Twitter at https://twitter.com/EECouncil Email us at firstfuel@eec.org.au To find out how you can listen to an upcoming episode of First Fuel live, visit www.eec.org.au/podcasts

3AW Breakfast with Ross and John
What businesses want from Victoria's reopening plan

3AW Breakfast with Ross and John

Play Episode Listen Later Aug 31, 2020 4:15


Australian Industry Group's Victorian Director, Tim Piper, explains the priorities for businesses.   See omnystudio.com/policies/listener for privacy information.

Drive With Tom Elliott
Business leader says Victoria can't afford AFL grand final public holiday

Drive With Tom Elliott

Play Episode Listen Later Aug 17, 2020 3:50


Tim Piper, Victorian Head of the Australian Industry Group, says it should be scrapped for this year.   See omnystudio.com/policies/listener for privacy information.

Lu & Matt for Breakfast - Triple M The Border 105.7
How are businesses going on the Border?

Lu & Matt for Breakfast - Triple M The Border 105.7

Play Episode Listen Later Jul 30, 2020 3:19


Lu and Matt check in with the Regional Manager of the Australian Industry Group to find out how businesses are coping with the tough border crossing restrictions.  See omnystudio.com/policies/listener for privacy information.

Sydney Ideas
Connect For: A Better Future (23 July 2020)

Sydney Ideas

Play Episode Listen Later Jul 28, 2020 30:14


How are organisations and industry utilising the UN Sustainable Development Goals to envisage a better future? To understand the challenges – and consider possible solutions – the University of Sydney has launched a new program of innovation and impact, "Connect For: A Better Future". Hear an insightful discussion marking the launch of the program and delves deeper into the key issues at play. FEATURING: - An introduction by Belinda Hutchinson AC, University of Sydney Chancellor - A panel discussion with Louise Herron AM, CEO of Sydney Opera House, and Innes Willox, Chief Executive of Australian Industry Group; facilitated by Professor Duncan Ivison, Deputy Vice-Chancellor (Research)at the University of Sydney - Closing remarks by Dr Michael Spence, University of Sydney Vice-Chancellor and Principal Connect For: A Better Future runs from July–September 2020. Learn more about the program here: https://bit.ly/3jqOVGf TRANSCRIPT available here: https://bit.ly/39Yq9ZE

First Fuel
12: Enabling ecosystems with Bradley Anderson and Tennant Reed

First Fuel

Play Episode Listen Later Jul 16, 2020 71:22


In Episode 12 of First Fuel, Energy Efficiency Council CEO Luke Menzel is joined by Bradley Anderson from the NSW Department of Planning, Industry and Environment and Tennant Reed from Australian Industry Group. They discuss a new report from a group of independent experts focused on ways of rapidly transforming the energy management market that supports Australian industry. Apologies for the audio quality in this episode! We did our best in trying circumstances. Mentioned in this episode: Tennant's sportsball analogy https://youtu.be/V40eP1xekgo?t=85 Pivot, Rebound, Transform: A practical plan for rapidly transforming the energy management market that supports Australian industry https://www.eec.org.au/news/eec-news/article/new-roadmap-supports-emissions-reduction-journey-for-aussie-industry Connect with our guests: Find Tennant at https://twitter.com/tennantreed Find Brad at https://www.linkedin.com/in/bradley-anderson-26614437/ Connect with us: Find Luke at https://twitter.com/lukemenzel Find out more about the Energy Efficiency Council at www.eec.org.au Follow us on Twitter at https://twitter.com/EECouncil Follow us on LinkedIn at https://www.linkedin.com/company/1280092 Email us at firstfuel@eec.org.au And to find out how you can listen to an upcoming episode of First Fuel live, visit www.eec.org.au/podcasts

Lu & Matt for Breakfast - Triple M The Border 105.7

Tim Farrah, the regional manager of the Australian Industry Group says it's time for the crossing to go.  See omnystudio.com/policies/listener for privacy information.

The New Social Contract
5. Universities and the nation's workforce

The New Social Contract

Play Episode Listen Later Jun 8, 2020 56:24


What kinds of work will we be doing in 2040? What industries will still be going strong and which will have fallen away?The training and education we need now will depend on the kinds of work - the industries and services - around which, as a nation we want to build our economy and society.Australia is facing possibly the worst economic downturn in its history. So how should that sobering prospect reshape the relationship between universities, government and society - including industry?Thanks to The New Social Contract episode five guestsAlison Pennington, a Senior Economist at the Centre for Future Work at The Australia Institute&Megan Lilly, is head of Workforce Development at the Australian Industry Group (or AIG) - Australia's peak industry association.The news grabs and additional audio in this episode of The New Social Contract podcast came from the following sites:‘From Back in Black to recession', reported on AM, ABC, June 4, 2020.'The recession we couldn't avoid' on RN Breakfast with Fran Kelly, Abc, June 4, 2020.‘Treasurer Josh Frydenberg says Australia has officially entered recession' from ABC News, June 2 2020.‘Treasurer warns the worst is yet to come as Australia's economy enters recession' from ABC News, June 3 2020.The Paris Riots of 1968 ‘French students again clash with riot police, Paris, France', published by British Pathe on Youtube.‘The May 1968 protests that paralysed France', published on Witness, by the BBC.‘May 1968 Paris Riots' on The History Hour, published by the BBC.

Democracy Sausage with Mark Kenny
The $60 billion question

Democracy Sausage with Mark Kenny

Play Episode Listen Later May 25, 2020 61:27


With the government’s JobKeeper scheme set to cost $60 billion less than originally forecasted, this week on Democracy Sausage we look at what the government might do with its bonus billions. It was blamed on everything from employers filling out forms incorrectly to the ‘health miracle’ of Australia’s coronavirus response, but the $60 billion budget underspend on JobKeeper raises big questions for the government. So with less stimulus money swashing around in the economy than planned, should the government look at supporting sectors of the economy that are struggling? From the university sector, to employers who didn’t meet the 30 per cent turnover drop, to the nation’s growing unemployed – where should the budget billions be spent? On this episode of Democracy Sausage, Professor Mark Kenny crunches the numbers with Peter Burn of Ai Group and The Age and Sydney Morning Herald’s Chief Political Correspondent David Crowe. Mark Kenny is a Professor in the ANU Australian Studies Institute. He came to the university after a high-profile journalistic career including six years as chief political correspondent and national affairs editor for The Sydney Morning Herald, The Age, and The Canberra Times.Peter Burn is Head of Influence and Policy at the Australian Industry Group and is responsible for policy development on a wide range of issues for the group. Previously Director of Policy at the Business Council of Australia, Peter also held academic positions in Economics Departments at the University of Queensland and the University of Newcastle after starting his professional career at the Commonwealth Treasury.David Crowe is Chief Political Correspondent for The Sydney Morning Herald and The Age, and a regular commentator on national affairs on the ABC's Insiders program. In a career spanning 25 years, he has covered federal politics as the national affairs editor of The Australian and the Chief Political Correspondent of The Australian Financial Review.Marija Taflaga is the Director of ANU Centre for the Study of Australian Politics and a lecturer in the ANU School of Politics and International Relations. Her major research is on political parties and particularly the Liberal Party of Australia. She has previously worked in the Australian Parliamentary Press Gallery as a researcher at The Sydney Morning Herald and The Age.Democracy Sausage with Mark Kenny is available on Apple Podcasts, Spotify, Google Podcasts, or wherever you get your podcasts. We’d love to hear your feedback for this podcast series! Send in your questions, comments, or suggestions for future episodes to podcast@policyforum.net. You can also Tweet us @APPSPolicyForum or join us on the Facebook group.This podcast is produced in partnership with

Australian Standfirst Podcasts
Australian Standfirst Podcast Guest, Innes Willox AM, 23 May 2020

Australian Standfirst Podcasts

Play Episode Listen Later May 23, 2020 19:29


Australian Standfirst Guest, Innes Willox AM (CEO, Australian Industry Group, Mic Barnes (Australian Standfirst) & Kwame Owusu (Australian Standfirst) discussing Australian industry & business dynamics during the pandemic recorded at Australian Standfirst’s Infinity Black Digital Studio.

First Fuel
3: COVID-19 and Aussie industry with Tennant Reed

First Fuel

Play Episode Listen Later May 18, 2020 58:14


In Episode 3 of First Fuel, Energy Efficiency Council CEO Luke Menzel talks to Tennant Reed, Head of Climate, Energy and Environment Policy at Australian Industry Group, about how COVID-19 is impacting Australia's manufacturing sector and the opportunities to drive economic recovery alongside a clean energy transition. Mentioned in this episode: Tennant's article on falling energy prices Ai Group's Performance of Manufacturing Index - April 2020 Innes Willox's address to the Clean Energy Council's 'A Clean Recovery' summit First Fuel Episode 2: Energy efficiency and economic stimulus with Brian Motherway Listen live: To find out how you can listen to an upcoming episode of the First Fuel live, visit www.eec.org.au/podcasts Contact us: Questions? Comments? Email us at firstfuel@eec.org.au

Policy, Guns & Money
Australia’s Next Steps, Episode Four: The future of the global supply chain

Policy, Guns & Money

Play Episode Listen Later May 13, 2020 28:35


The fourth and final episode of ‘Australia’s Next Steps’ examines the future of the global supply chain. Host Michael Shoebridge, Director of Defence, Strategy, and national security Program at ASPI, talks to Louise McGrath, General Manager for International Competitiveness with the Australian Industry Group, and Pieter Els, Oracle’s Director of Supply Chain Management Cloud solutions in the Japan and Asia-Pacific region. The conversation examines the impact of the pandemic and finds that the resilience of our supply chains have proven themselves throughout the crisis, while also presenting an opportunity to learn from the lessons of the past few months and build our supply chains more flexibly. Throughout the episode what is revealed is a story of strength and adaptability, not weakness. Australia’s Next Steps is brought to you by Oracle.

Policy, Guns & Money
Voices from Land Forces 2018

Policy, Guns & Money

Play Episode Listen Later Sep 10, 2018 32:58


In this Special Edition of Policy, Guns and Money, our roving reporter Brendan Nicholson spent time with several speakers at the recent Land Forces2018 conference held at the Adelaide Convention Centre. In this episode you'll hear from Katja Theodorakis from Konrad Adenauer Stiftung and the ANU. Kate Louis of the Australian Industry Group and Dr Albert Palazzo.

Defence Connect Podcast
Shaping the conversation in defence industry, Kate Louis, Australian Industry Group

Defence Connect Podcast

Play Episode Listen Later Feb 14, 2018 34:24


“Australian Industry Group Defence Council working with Defence is really about recognising defence industry as that fundamental input to capability and about recognising the national security flavour that goes over the top of everything that we do.” This week on the Defence Connect Podcast, former First Assistant Secretary Defence Industry Policy Kate Louis joins us in her new role as head of defence and industry policy of Australian Industry Group. Louis takes us through her 20-year in the Department of Defence, specialising in capability development acquisition and defence industry policy, and her decision to join Ai Group and lead its Defence Council. The former First Assistant Secretary discusses the dangerous new world developing out of cyber security threats and how this is affecting the defence industry, how Ai Group is leading the discussion with Defence around exports and the Australian Standard for Defence Contracting (ASDEFCON) suite of tendering and contracting templates. www.defenceconnect.com.au

Beyond Billables
Jasmine O’Brien on Being a Transgender Lawyer, Bravery and Finding Authenticity in Your Life

Beyond Billables

Play Episode Listen Later Nov 16, 2017 123:30


Today’s episode is a doozy. In this installment of Beyond Billables, we touch on elements of fear, sexuality, gender identity, perseverance, resilience and challenging barriers through the stories and anecdotes of a lawyer who just happens to be transgender. Sign up to BB Change and start re-vamping your future today. Jasmine O’Brien is a Principal Lawyer at Sladen Legal. Prior to that role, Jasmine held positions as the Legal Practitioner Director with Australian Industry Group and a Senior Lawyer with Clayton Utz. Jasmine is a polished legal professional who, at the age of 29, decided to transition from male to female. In our conversation, we traced Jasmine’s story from her origins to the challenges she faced in embracing her authentic self and ultimately finding happiness. We had a long talk and touched on many other issues. For example: The pushback and questions Jasmine faced with clients around the transitioning process The state of transgender people’s position in society The scope and typical content of Jasmine’s legal practice The cost of having to self-censor in a professional context The ways that hardships force people to develop character and coping mechanisms Jasmine’s best advice for improving communication with people Why taking offense or being politically correct is often not necessary How you can buy loyalty through hard work and proving your value The challenges of dating for transgender men and women Jasmine’s experiences trying to help others and anti-discrimination work Why it’s too easy for employees to make unmeritorious claims Sign up to BB Change today and receive free resources designed by those in the game to help you get from where you are to where you really want to be. Don’t know where that is? We’ll provide you with comprehensive guides and workbooks to help you figure it all out. Sign up today and start living beyond your billables. Links: LinkedIn Australian Transgender Support Association

Safety on Tap
Ep048: Industry 4.0 & the future of work is here, now. With Innes Willox

Safety on Tap

Play Episode Listen Later Aug 9, 2017 23:09


Ep48: Industry 4.0 & the future of work is here, now. Innes Willox is my guest today.  Innes is the CEO of Australian Industry Group, the largest cross-industry peak body in Australia.  AI Group represents the interests of business to government, as an advocate and delivering services to their 60000 business members employing more than 1million staff Australia wide.   This episode is brought to you by the Safety Institute of Australia's 2017 Victorian Conference called Safety STEPS, Strategies Towards Efficient Productive Systems.  Innes is one of the keynote speakers this year, sharing his insights about the future of work, alongside a great lineup of speakers.  You can find out more about that conference and grab a ticket at www.sia.org.au, I hope to see you there!   Here's Innes: If you want info about the Net Promotor Score idea I mentioned in my take-aways, send me an email andrew[at]safetyontap.com   [activecampaign form=5]

I Share Hope: Chris Williams
Hope from the Pacific Islands with Nicole Forrester #isharehope Episode 85

I Share Hope: Chris Williams

Play Episode Listen Later Jun 9, 2016 30:44


  On November 3, 2014, Ms. Nicole M. Forrester became the President & Chief Executive Officer of Pacific Resources for Education and Learning (PREL), an independent, nonprofit corporation that serves the educational community in the U.S.-affiliated Pacific islands, including American Samoa, the Commonwealth of the Northern Mariana Islands, the Federated States of Micronesia (Chuuk, Kosrae, Pohnpei, and Yap), Guam, Hawai‘i, the Republic of the Marshall Islands, and the Republic of Palau. Ms. Forrester has over a decade of cross-cultural, global leadership experience in the education, community, business, think-tank and government sectors. Throughout her career, Ms. Forrester has built enduring relationships and created partnerships across diverse disciplines to lead innovative and complex initiatives which address multifaceted global, regional, and local challenges by implementing holistic, culturally responsive, stakeholder-owned programs. Most recently, Ms. Forrester served as director of the Young Leaders Program at Pacific Forum Center for Strategic and International Studies (CSIS). Her deep roots in the Pacific underscored her career as an associate lecturer at her alma mater, Queensland University of Technology’s (QUT) Oodgeroo Noonuccal Indigenous Studies Unit, where she focused on health promotion and advancing educational outcomes for Indigenous students. Following her time at QUT, Ms. Forrester joined the Australian diplomatic service and was appointed Consul in Los Angeles and later, Acting Director of the United Nations and Commonwealth Section. She subsequently accepted the role of Senior International and Government Relations Advisor for the Australian Industry Group. In 2011, she moved to Hawai’i to become a fellow at the East-West Center’s Asia-Pacific Leadership Program and was awarded the Amanda and Natalie Ellis Women Leaders Scholarship. At Pacific Forum CSIS, she concurrently held a WSD-Handa Fellowship for her research on the impact of social media on Next-Generation attitudes toward international issues. She has been published on Australian foreign policy, Australia-U.S. relations, and modernizing the U.S. alliance system in the Asia-Pacific region. In February 2014, the U.S. Congress recognized her leadership of the Young Leaders Program and its contribution to cross-cultural interaction, education in policy making, and facilitation of inter-generational dialogues. Ms. Forrester is of Wiradjuri Australian decent, a heritage that serves as the foundation of her life-long personal and professional commitment to Indigenous communities in Australia and across the Pacific. She is a sought after thought-leader with U.S., with extensive international media exposure.   About PREL PREL envisions a world where all children and communities are literate and healthy, global participants grounded in and enriched by their cultures. Throughout the Pacific, a region of diverse languages and cultures, PREL collaborates with clients and partners using the proven results of research to improve schooling and promote community change. For more information about PREL, visit www.prel.org.