2019-12-16 13:57:261970-01-01 00:00:00

First Stop Queensland 

Anthony Albanese has been a Member of Parliament for Grayndler since 1996. He has also served as Deputy Prime Minister from 2007 and 2013 for the Rudd and Gillard Governments. After Shorten was defeated in the Federal election, he decided to step down as opposition leader and move on. Albanese had been the only candidate wanting to be the next Labor Minister and had the full backing of the rest of the Ministers of Parliament.

The newly elected Labour leader will make his first visit as a leader to the Longman area in Queensland, an area that showed a major swing towards the Liberal party during the Federal elections last month. The Longman seat has been won by Labour over the years but there appears to be a shift in what the people of the area desires and demands more of from their elected party. Strong swings in the Northern Queensland region were driven by support of the Adani coal mine as voters in the regions were obvious in wanting the coal mine to go through. The Australian Labor Party now just hold 6 of the 30 seats in Queensland.

Mr Albanese aims to build a bridge once again with the public that voted against the Labor party. Victorian Minister of Parliament, Richard Marles, who will be appointed deputy leader of the Labor Party has since apologised for his remarks earlier in the year when he said that the demise of coal was a good thing for Australia. The Adani coal mine promised to generate 10,000 jobs which would be extremely beneficial to the state of Queensland, generating economic growth and higher incomes for individuals.

Details of the Mine

Adani is an Indian multinational corporation with businesses all around the world with sectors in resources and energy. In 2010, Adani proposed to establish a coal mine in the Galilee Basin, Queensland, to supply coal to Indian power plants and generate electricity for millions of people. Production was intended to start in 2014 however the Queensland Premier at the time, Anna Bligh, explained that the project will need to undergo a major environmental assessment to investigate the project’s impact to the environment and economy.

The project saw immediate backlash from large scale public protests and environmentalists. It is believed that the project will steal groundwater, damage Indigenous rights and harm the Great Barrier Reef. Supporters of the project argue that Asia will get its coal elsewhere, bottom line being they will eventually get their coal, so why not from Queensland? It will benefit locals with jobs and property booms. The coal mine will be one of the biggest in Australia. It will be on par with the country’s largest existing coal mine with BHP’s Mount Arthur Mine and BMA’s Blackwater mine.

Adani has environmental and mining licenses from the Queensland Government but still requires a sign off on two environmental plans which include the black-throated finch and for groundwater. There have been several delays due to these environmental concerns but due to pressure from both the public and government, Queensland Premier Annastacia Palaszczuk’s will try to wrap things up in the next two weeks to ensure the beginning of the mine.

Adani Mine influential in Coalition victory

Queensland was a key state where the Coalition thrived in the 2019 federal election with the Adani mine being the catalyst in victory. Regional Queenslanders favoured the mine heavily due to its economic output and the Labor party failed to listen to their concerns. In regional Queensland, 48 per cent of people wanted the coal mine to be build, with the other 38 per cent against, statistics show. In Queensland, Michele Landry, George Christensen and Ken O’Dowd recorded swings of up to 15 percent. This transformed a marginal electorate into safe seats which was once Labor dominated. These swings are the direct effects of the state’s sentiment towards the mine and what they want moving forward. Queenslanders claim that previous Opposition Leader Bill Shorten did not have a clear plan on how to generate more jobs in the region if the coal mine was stopped and also did not have a clear equation on how to reduce emissions. This resulted in disaster for the Australian Labor Party.

Albanese refuses to comment on Adani Mine

In his visit to Caboolture on Tuesday, Mr Albanese will hear out the voices of concerns by regional Queenslanders to try to win the voters back in three years’ time. The opposition leader refused to publicly endorse the coal mine but claims he will “respect the process”. This is a different approach to his predecessor, who did not want to raise a debate on the matter and did not want to give regional Queenslanders a fair chance at securing more jobs and increased economic growth in the state. Mr Albanese’s visit comes as the Coalition amps up pressure on the Labor party to support its emission reduction plan.

By Rizwan Sayeed

Click here for a 7 days access to our Lotus Blue Portal.

KOSEC does not take into account the investment objectives, financial situation and advisory needs of any particular person, nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information provided. KOSEC is intended to provide general information only. Please be aware that investing involves the risk of capital loss. This message is confidential and may be privileged. It is intended only for the use of the addressee named above. If you are not the intended recipient, any unauthorised dissemination, distribution or copying is illegal. We do not guarantee the security or completeness of information hereby transmitted and are not liable in either respect or in respect of any delay. Nothing in this message is intended as an offer or solicitation for the purchase or sale of any financial instrument. Any market prices or data, unless specifically verified and identified as such, are not warranted as to completeness or accuracy. Kodari Securities Pty Ltd (KOSEC) is a Corporate Authorised Representative (No. 399 556) of Longhou Capital Markets (AFSL No. 292464) which is regulated by the Australian Securities and Investment Commission (ASIC). KOSEC wishes to disclose that KOSEC and its staff may hold stock they recommend in their own portfolios and that any decision to purchase recommended stock should be done so after the purchaser has made their own inquires as to the suitability to their own requirements. Click here to view our FSG.

KOSEC Terms & Conditions

Kodari Securities Pty Ltd (CAR 399556) trading as KOSEC is regulated by the Australian Securities and Investment Commission (ASIC). KOSEC is a financial services company and any information provided by its platforms, portals, reports and documents is protected by copyright. Any unauthorised production of this information is prohibited.
KOSEC reserves the right to change or remove any information provided on our website, reports or any documents including these terms and conditions at any time without notice. The change or modification to the terms and conditions will be effective immediately upon posting an updated version on our website, necessary platforms and documents. It is recommended that you review the information provided on our website, including these terms and conditions frequently for any changes.

KOSEC provides general advice only. The information provided is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. KOSEC recommends that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Please make sure you read our Financial Services Guide (FSG).

KOSEC does not guarantee any returns. Past performance of any product discussed is not indicative of future performance. (We urge that caution should be exercised in assessing past performance. All financial products are subject to market forces and unpredictable events that may adversely affect their future performance). Investing in the stock market can incur huge losses. Please also be aware that fees will incur on every transaction regardless of the performance of your investments or returns generated. Employees and or associates of KOSEC may hold one or more of the stocks, securities or investments reviewed by the company.

Your use of information from our website, reports, documents and from talking to our representatives/associates is at your risk. Under no circumstance should the investment be based solely on KOSEC information and general advice. You should seek professional financial planning advice.
KOSEC aims to maintain the accuracy of the data and information provided on this website, by using information prepared from a wide variety of sources, which KOSEC to the best of its knowledge and belief, considers accurate and does not make any representations or warranties of any kind, expressed or implied, about the completeness, accuracy, reliability, suitability or availability of the information provided.

We may at times refer to third parties, which the details of these third parties have been provided solely for you to obtain further information about other relevant products and entities in the market. KOSEC has no control over the information third parties have, or the products or services offered, and therefore make no representations regarding the accuracy or suitability of such information, products or services. You are advised to make your own enquiries in relation to third parties. Our inclusion of any third party content is not an endorsement of that content or the third party.

As a client you will be charged a yearly service fee and a set brokerage fee per transaction. Your service fee will automatically renew at the end of your agreed 12 month period at the same rate advertised at the time. Your credit card or bank account will be charged for a further year following which will again auto renew until you cancel your yearly service fee. You can cancel the auto renewal at any time in advance of the renewal date by contacting us. KOSEC is aware of the need to ensure the security of your credit card details and our payment systems are compliant with the Payment Card Industry (PCI) Data Security Standard.

You consent to receiving email correspondence from KOSEC, as well as companies KOSEC has an association with. These emails will be sent by KOSEC and third party companies. You can opt out of receiving any category of emails at any time by contacting us. We may from time to time inform you of special offers, or even ask your opinion of the services we provide, but your involvement is optional. Should you request us to do so, we will archive your details.

Indemnity and Liability
You indemnify KOSEC from all claims or threatened claims, suits, demands, damages, costs as well as including legal costs incurred in dealing with any threatened claim, expenses made by any person or corporation against KOSEC and any other amounts which is caused by KOSEC providing information, execution and General Advice.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from a decision made by you on the basis of information obtained through the use of our portal, reports, documents or any General Advice given and any transaction taken place.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from delays in executing orders for the client and acknowledges KOSEC makes no guarantees about the time taken to execute an order on behalf of the client. You acknowledge that KOSEC relies on third parties in providing technology and release KOSEC from any harm, loss or damage you may suffer as a result of the failure of such information technology.

Cookies and Links
KOSEC website, and its portal uses cookies, which lets us identify your browser while you are using the site or our portal. Cookies do not identify you personally. They simply allow us to track your usage patterns. If you prefer not to receive cookies, you can configure your browser to reject them or to notify you when they are being used. The functionality of the KOSEC website may be impacted if you restrict the use of cookies.

Fill up the form below and we will get back to you as soon as possible.



KOSEC’s CEO, Michael Kodari’s new book, “Stock Market Success” valued at $39.95, available at Dymocks book stores with all the proceeds going to Dymocks Children’s Charities.


Latest TV Commercial