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Below the Fold is the monthly newsletter from Cognito, an independent PR and communications agency specialising in financial services and technology, with a team based in Sydney. “In these uncertain times” – that dreadful phrase, re-used and recycled during COVID, seems to have once again been wheeled out. This time, by PM Anthony Albanese, during his Address to the Nation speech, in response to the Iran conflict. Feedback from socials was that ‘this could have been an email’ – and the whole thing ended up being a total communications miss, in my book. The escalation of conflict in the Middle East and the closure of the Strait of Hormuz have reintroduced heightened inflation expectations, not dissimilar to those brought on by COVID and the Ukraine conflict, dominating headlines and testing the communications skills of governments, corporates and regulators alike. From a purely PR and communications perspective, March has delivered a showing of both what and what not to do when the spotlight is well and truly on. I’ll get into both in more detail below. I also want to highlight the 2026 Edelman Trust Barometer, which landed in Australia at the end of March. It’s worth a read for anyone working in corporate comms, given the data paints a very specific picture of how Australians feel about the institutions around them – and the widening gap between those who trust and those who don’t. More on this below as well. As always, feel free to get in touch if any of the points included caught your eye, or if there’s something you’d like to see discussed in next month’s edition. Until next time, Jonathan Buxeda, Director, Cognito ANZ |
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Narratives Down UnderAs observed by Scott Schuberg, Managing Director, Cognito ANZ Data centres, diesel and diplomacy – these three themes continue to capture daily headlines in Australia. The last two are related – the AFR’s Josh Peach produced some delightful interactive graphics in his piece published 10 April, illustrating Australia’s liquid fuel dilemma. In a country with only two oil refineries, plenty of liquid fuel supply contracts, but a lot at stake as far as physical delivery goes, it was no surprise to see PM Anthony Albanese cosying up to his Singaporean counterpart Lawrence Wong last week. Singapore is Australia’s largest petrol and second-largest diesel supplier, and the two PMs shook hands on a non-binding principle to keep trade flowing between the two countries – Singapore has the refined fuels we need to keep a lid on inflation; Australia has the LNG Singapore needs for power generation. You can watch the joint conference here on CNA. For communicators exposed to non-discretionary goods and services, a transparent and data-driven model to illustrate rising input costs would help avoid criticism of price-gouging from a frustrated consumer audience. I suppose if one were to ask what the virtue of Albanese’s address to the nation was, the conclusion might be that it will provide some cover in the event of rising inflation expectations and interest rates. Brands need to consider this too. On data centres, traditionally, these have been brands so far removed from consumer audiences that they’ve not had to worry too much about profiling themselves in the media. This might change. The Greens party in NSW launched a parliamentary inquiry into data centres, which is due for publication in September this year. Hyperscalers and private equity firms writing big cheques for foreign hardware or local rack space won’t excite Australians, who will be sharing much more of their energy and water with these AI factories. US correspondent Jessica Gardner tells us that residents of Monterey Park, Los Angeles weren’t too excited by data centre growth either – perhaps a preview of what’s to come in Sydney and Melbourne. |
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Client SpotlightIt is hardly news now that it is getting harder to hire the right talent, and that is fundamentally changing how work gets done in Australia. Working with Outsized, an independent talent platform, we set out to move beyond headline figures and use data to highlight independent talent as an emerging response to Australia’s skills shortage and evolving workforce needs. The story: How freelancers are earning up to 70 per cent more than full-time staff — brought this to life, combining strong earnings data with market insight and a case study that captures both the opportunities and trade-offs of independent work. We anchored the story with a case study featuring an independent specialist, bringing a real, lived example of the earning potential and flexibility in practice, alongside the day-to-day realities of independent work. The key to a strong story is strong data, a credible spokesperson, and a compelling case study, all grounded in real-world market insight. This piece delivered that, securing tier-one coverage and national syndication across News Corp titles. |
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Kudos and CatastrophesThis month’s edition is dominated by the fuel crisis, and it has delivered a sharp contrast between effective communications and the total absence of it. The Kudos goes to the NRMA. As petrol prices surged past $2.50 a litre and panic buying emptied pumps across the country, the NRMA was one of the first organisations to front the media with a clear, consistent message: don’t panic buy, use price comparison apps, and here’s what we actually know about supply levels. They published regular updates, called out price gouging publicly by referring conduct to the ACCC, and positioned themselves as the trusted voice for consumers navigating the chaos. What stood out from a communications standpoint was the speed and specificity. While government ministers were still finding their footing, the NRMA was already on the front foot with data, practical advice and a clear narrative: this is a supply chain issue being made worse by demand spikes, not a national emergency. They also had the credibility to call out what others couldn’t – or wouldn’t – pointing directly at fuel retailers who hiked prices before wholesale costs had even moved. It’s a good example of how an organisation can build trust via communications – not by having the loudest voice, but by having potentially the most useful one. The Catastrophe, by contrast, sits with Australia’s major fuel suppliers – Ampol, BP, Mobil Oil and Viva Energy. When the ACCC launched an enforcement investigation into all four companies simultaneously over alleged anti-competitive conduct in regional diesel supply, the response from the big four was, to put it charitably, underwhelming. Ampol and Viva Energy didn’t respond to media requests at all. BP and Mobil were similarly silent. For companies that control roughly 85 per cent of Australia’s fuel import and refining infrastructure, this was a remarkable communications failure. At a time when farmers couldn’t fuel their machinery, regional servos were running dry, and the public was watching petrol prices climb daily, they had nothing to say. Silence in a crisis is never neutral. It gets filled by the regulator, by government, by consumer advocacy groups, and by journalists. And filled it was (unlike my petrol tank). The ACCC’s Chair, Gina Cass-Gottlieb, took the unusual step of publicly confirming the investigation, noting it was “not our usual practice” to do so – a comment that only amplified the severity. The government doubled maximum penalties to $100 million per contravention within weeks. And the media narrative had already been set: these companies prioritised their own branded stations while regional Australia went dry. |
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The Trust GapStaying on the theme of trust, March also saw the Australian release of the 2026 Edelman Trust Barometer, which dropped at Mumbrella’s CommsCon on 25 March. The headline: trust in Australia’s institutions is up. Trust in media grew the most (up 8 points), followed by government (6 points) and business (5 points). That’s the good news. The less encouraging finding is that 73 per cent of Australians now hold what Edelman describes as an ‘insular mindset’ – unwilling or hesitant to trust someone who lives by different core values, wants to address problems differently, or is from a different cultural background. This tells us that audiences are more fragmented than ever, and a message that lands well with one group can actively alienate another. Putting my internal comms hat on, two stats specifically stood out. 42 per cent of Australians said they’d rather change departments than report to a manager with different values, and a third admitted they’d put less effort into supporting a project run by colleagues with different political beliefs. These are workplace dynamics that directly affect internal communications strategies, and should be top of mind for those working in the space. The silver lining is that employers were also rated as the most trusted institution to bridge divides, with only a 17 per cent gap between expectation and performance. For those of us advising on corporate communications, there’s a real opportunity here to help organisations lean into this role. The full report is worth a read, and you can find the Australian version here. |
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Coffee With a Journalist & A Client WinBuilding on our recent work together, we have developed a strong relationship with ABC business journalist Adelaide Miller over the past few months through close collaboration on a major story. The story – Homeowners struggle as insurance premiums rise more than 50 per cent in five years – examines rising home insurance premiums, which have increased by 51 per cent over five years. It was the result of months of work, underpinned by nationwide research and data, managing multiple spokespeople across different organisations, and carefully selected case studies to reflect the national scale and human impact of the issue. Following publication, we also met with Adelaide to continue the conversation and better understand her editorial priorities. She highlighted a strong interest in stories across payments, insurance and cost of living, particularly where there are clear data points, tangible impact and relevance to everyday Australians. A key takeaway was the importance of clarity in a crowded media landscape. Journalists like Adelaide are fielding hundreds of pitches every day, so having a hook that speaks directly to your audience is essential. If you cannot quickly articulate the story, the impact and why it matters to Australians, it is unlikely to resonate. Cognito is an independent communications and PR agency specialising in financial services and technology, with offices in Sydney, London, New York, Singapore, Hong Kong and other major financial centres around the world. If you’d like to work with a team that understands your sector, get in touch at [email protected]. |