Chief Correspondent, Sydney
Michael's Feed
Sep 7, 2010

Australia PM Gillard’s charm wins Labor 2nd term

SYDNEY (Reuters) – Australian Prime Minister Julia Gillard promised voters on Tuesday a more open administration after securing a Labor minority government a second-term with the backing of a handful of Green and independent MPs.

But it will be her consensus building skills that will decide if the government, propped by a one-seat majority backed by independents and a Green MP, lasts its three-year term, after an election produced the first hung parliament since World War Two.

Aug 27, 2010

Australia poll deadlock no closer to resolution

SYDNEY (Reuters) – Australia’s opposition leader denied on Friday he was maneuvering to force the country back to the ballot box after a weekend election delivered a hung parliament, with independents holding the balance of power.

Nearly a week on from the August 21 election, Australia is still no closer to forming a government, with neither of the major parties close to striking a deal with cross-bench MPs, raising speculation that another election might be in prospect.

Aug 24, 2010

Australia’s “green” poll may accelerate climate action

SYDNEY/SINGAPORE (Reuters) – Australia could accelerate action on climate change, possibly resurrecting an emissions trading scheme, after independent and Greens MPs won the balance of power in elections that left a hung parliament.

Businesses like power retailer AGL and leading electricity provider Origin Energy have repeatedly said they need regulatory clarity on carbon pricing as they look to invest billions of dollars in energy infrastructure.

Aug 24, 2010

Analysis: Australia’s “green” poll may accelerate climate action

SYDNEY/SINGAPORE (Reuters) – Australia could accelerate action on climate change, possibly resurrecting an emissions trading scheme, after independent and Greens MPs won the balance of power in elections that left a hung parliament.

Businesses like power retailer AGL and leading electricity provider Origin Energy have repeatedly said they need regulatory clarity on carbon pricing as they look to invest billions of dollars in energy infrastructure.

Aug 21, 2010

Minority government possible in cliffhanger Australia poll

SYDNEY (Reuters) – Australians voted on Saturday in the closest election in decades with voters divided on whether to give Labour a second term or opt for conservative rule, raising a real prospect of a minority government unpopular with investors.

At stake was not only the political future of Prime Minister Julia Gillard and the opposition’s Tony Abbott, both new and untested leaders, but also Labour’s plans for a 30 percent resource tax and a $38 billion broadband network.

Aug 21, 2010

Minority govt possible in cliffhanger Australia poll

SYDNEY (Reuters) – Australians voted on Saturday in the closest election in decades with voters divided on whether to give Labor a second term or opt for conservative rule, raising a real prospect of a minority government unpopular with investors.

At stake was not only the political future of Prime Minister Julia Gillard and the opposition’s Tony Abbott, both new and untested leaders, but also Labor’s plans for a 30 percent resource tax and a $38 billion broadband network.

Aug 20, 2010

Australia faces risk of hung parliament post poll

SYDNEY (Reuters) – Australia may be headed for a hung parliament with an election-eve opinion poll showing the ruling Labor party has lost its slim lead and is now level with the conservative opposition, a worst-case scenario for investors.

A minority government, and its inherent uncertainty could, represent the worst outcome for Australia, risking policy gridlock, investment paralysis and an Australian dollar sell-off.

Aug 18, 2010

Australia may face fiscal crisis in hung parliament

SYDNEY (Reuters) – Australia could face a fiscal crisis if voters deliver a hung parliament at elections on Saturday with two key independent politicians saying they cannot guarantee to back the next government’s budget plans.

Without a clear winner on August 21, the next Australian government may have to rely on three independents to form government, but in interviews with Reuters only one MP made a pre-election commitment to support government money bills.

Aug 18, 2010

Australia’s Labor to scrape back into power – poll

SYDNEY (Reuters) – Australian Prime Minister Julia Gillard’s Labour government will be battered at Saturday’s election but scrape back into office for a second term with a narrow four-seat majority, opinion polls showed on Wednesday.

With just three days of campaigning left in the tightest election in decades, Labor’s floundering support with voters seems to have stabilised while the conservative opposition is slipping in key eastern states which will decide the election.

Aug 2, 2010

Australia election set for neck-and-neck finish

SYDNEY (Reuters) – Australia’s Labor government and the opposition are neck-and-neck ahead of an August 21 election, an opinion poll showed on Monday, prompting a call by Prime Minister Julia Gillard for an aggressive election campaign.

“I wake up some days and go, let’s fire up, let’s get more determined and that’s what I’ve done today,” Gillard told Sydney radio after a Newspoll survey put her Labor party and opposition Liberal-National coalition 50:50 to win the election.