There is a push for a fringe benefits tax exemption on parking, with employers in Melbourne in particular seeking to buy up spaces for staff to stop them taking the risk of catching public transport.
“We know the federal government is spending $101 billion on JobKeeper,” Sky News Political Editor Andrew Clennell said. “The parking industry is asking for $110 million a year break in terms of the FBT. “The argument is fringe benefits tax can double the daily cost of the space. “The industry argues parking is a $4.5 billion a year industry typically, and that they were down $1 billion from January to April.
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ASX likely to fall off the back of 'tough' reporting season | Sky News AustraliaIt is likely the ASX will drop in the aftermath of what is expected to be a tough reporting season, according to Shaw and Partners’ Adam Dawes. \n\nCompanies listed on the ASX will release their latest financial results from the end of July until the end of August.\n\nThe results are expected to show the economic consequences wrought by the novel coronavirus, which has devastated many businesses.\n\n“I do feel we are going to get some really hard numbers, so that might put some shocks into the financial system,” Mr Dawes told Sky News.\n\n“I do suspect our market will potential come off on the back of some of these results\n\n“We know the numbers are going to be bad, but it’s really about the outlook statements.\n\n“If those outlook statements are going to be pared back, or at the lower end, we are going to see a dip.\n\n“I think the market is a little fatigued and I think we will potentially see a fall in the market after the reporting season at the end of August.”\n This is expected. Essential service providers are less impacted however thousands of other companies, millions of small-medium businesses and Australians are heavily impacted. Who shall we recover it from? Who fabricated and unleased the virus? The Chinese communist party it is.
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Economic impact of COVID-19 to 'hit earnings and dividends' | Sky News AustraliaThe ASX200 is up by about 0.7 per cent in early trade with the Australian Bureau of Statistics set to report Labor force figures on Thursday.\n\nEconomic forecasts predict the unemployment rate to increase from 7.4 per cent to 7.9 per cent over the course of July.\n\nThe GPT Group reported a loss of close to half a billion dollars in the first half of its financial year after its large retail portfolio was significantly affected by a reduction in foot traffic caused by COVID-19 lockdowns. \n\nFreight company Horizon meanwhile reported the coronavirus had no impact on its business which moves coal and other bulk minerals from inland Australia to the coast for export – recording a full-year profit up almost 30 per cent.\n\nAMP Capital’s Shane Oliver said the economic impact of COVID-19 would result in “a big hit to earnings” as a result of the coronavirus shutdowns which will “take earnings growth down to its biggest slump since the GFC”.\n\n“The other big theme will be a big cut to dividends,” he said. \n\nImage: Getty Ahem. I think you’ll find that’s ‘labour force’ Labor force is something quite different
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WWII sailor 'Teddy' Sheean recommended for VC | Sky News AustraliaWorld War II veteran Edward ‘Teddy’ Sheean has been recommended to receive the nation’s highest honour for a service man or woman for his exemplary actions in 1942. \n\nTasmanian sailor Teddy Sheean saved the lives of some of his shipmates in 1942 after ignoring orders to abandon an Australian minesweeper which had come under heavy Japanese fire. \n\nThe 18-year-old was able to bring down one plane and damage two more before dying strapped to his weapon.\n\nPrime Minster Scott Morrison announced today that a report issued by a recent Tribunal Review into the matter had found Sheean to be an eligible recipient for the Victoria Cross.\n\nA previous attempt to recognise Sheean was heavily criticised as his actions were not seen to be worthy of a VC. \n\nMr Morrison said the report found “compelling new evidence in support for high recognition for Sheean”. \n\n“That Sheehan was done a substantial injustice in consideration of his actions in the original decision making period in 1942 to 1943,” he said. \n\nThe Prime Minister said he submitted the recommendation to the Governor General and the matter was now before Her Majesty the Queen. \n\n“We will be hopeful for what will come back as a contented response from Her Majesty,” he said. \n\n“Any ambiguity that existed before, or that had been allowed to prevail by acting hastily, that could have undermined the recommendation that we have made.\n\n“So I can now make this recommendation confidently on the basis of the process that we have followed.” \n\nImage: News Corp Australia
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Survey finds 20 per cent of Vic nurses, doctors without PPE | Sky News AustraliaThe number of coronavirus cases in Victorian health workers has more than doubled in the past two weeks with authorities blaming cheap personal protective equipment and a lack of standard protocols for the spike. \n\nA recent survey found 20 per cent of doctors and nurses have limited or no access to PPE such as face masks, while one in five doctors in public hospital said they had to source their own. \n\nThe results prompted criticism from the Royal Australasian College of Physicians who said the lack of freely available PPE was not good enough and of significant concern. \n\nNurses from Western Australia were also set to arrive in Victoria this week to support the health system after its deadliest day on Sunday which saw 17 coronavirus deaths and 394 new infections. \n\nImage: AP geoffrey_payne drvyom Is this true? If they won’t use hydroxychloroquine then don’t expect me to care to much. geoffrey_payne What! This is a disgrace. They should just walk off the job.
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Vic mental health system 'not fit for purpose' heading into pandemic | Sky News AustraliaVictoria’s Mental Health Minister Martin Foley has unveiled a $60 million boost to mental health funding in response to an alarming increase in demand on the state’s health services. \n\nIn the year to June, the number of people seeking crisis support in emergency departments rose by more than 23 per cent. \n\nEmergency presentations for mental health incidents also rose by more than 33 per cent in people under the age of 18. \n\nMr Foley said authorities were aware heading into the coronavirus pandemic that “our mental health system wasn’t fit for purpose”. \n\nPremier Daniel Andrews reiterated his support for struggling Victorians in the fight against the virus, saying “we want to stand with every Victorian who needs care and support”. \n \nMeanwhile the state’s Health Minister Jenny Mikakos issued a strong apology for any possible gaps in the health response to the pandemic despite putting in “every ounce of energy”. \n\n The Premier praised Ms Mikakos as a “very strong person” but warned “this virus doesn’t stop and none of us can afford to either.” \n\nImage: Getty MartinFoleyMP MartinFoleyMP Create the problem, sell the cure. MartinFoleyMP Just legalise weed in Victoria. If there ever was the time to do it, it's now
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The federal government unlike some states does not ‘shy away’ from scrutiny | Sky News AustraliaLiberal Senator James Paterson says scrutiny of political leaders even during a crisis is absolutely legitimate and appropriate.\n\n“The federal government doesn’t shy away from it, but unfortunately some of our state governments have,” Senator Paterson said.\n\nImage: News Corp Australia SenPaterson What a load of shit. RubyPrincess sportsrorts robodebt closure of parliament auspol2020 to name a few. You guys are losing money because you print lies and propaganda all the time, even the not so intelligent Australians are waking up to you BoycottMurdochMedia SenPaterson Interesting plbrocks SenPaterson SPORTS RORTS!! RUBY PRINCESS!!!
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