Good news for Members, Roy Morgan Research’s Business Confidence rose again in April (up 6.4% to 123.1) and has now risen 12.5 pts over the last three
months since a 2016 low of 110.6 in January. The rise in Business Confidence comes after more improvement on the Australian share-market in April –
the All Ordinaries closed yesterday at 5,250.9 (up 1.9% or 99.1pts from March 31, 2016) as commodity prices rebounded in recent months following increased
global stimulus.

Another positive is the removal of any uncertainty about when this year’s Federal Election will be held. The Senate cross-benchers held firm to their opposition
to the Turnbull Government’s ABCC Bill and Turnbull has since confirmed Australians will go to the polls on Saturday July 2, 2016.