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Politics & the Economy

Barnett defers major call

OPINION: Colin Barnett has decided to stay on as the member for Cottesloe, but how for long is another matter.

Chevron loses $340m tax appeal

Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company's financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.

Sharp fall in CEO salaries

Newly appointed chief executives in WA are on substantially lower salary packages compared with recent years, a Business News survey has found. 

Govt takes control of Perth Children's Hospital

The state government has taken control of the trouble-plagued Perth Children's Hospital to solve what it believes is the cause of the ongoing lead contamination problem.

Royalties for Regions cuts a sensible first step

OPINION: During the state election campaign, Mark McGowan said his government would repay the state's debt as though it were a home mortgage; now, unfortunately, he is experiencing the equivalent of mortgage stress, which comes with taking on too much debt without enough income to service it.

Ore fall a big dent to budget

The dramatic fall in the price of iron ore since the start of March could punch a $1.4 billion hole in the state's finances in the next financial year.

Corporate opposition to 457 visa axing

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

Palmer goes quietly from politics

Clive Palmer is formally waving goodbye to politics and disbanding his political party.

Wages and debt weigh on confidence: ANZ

Low wage growth, rising household debt and global geopolitical tensions are all weighing on consumer confidence, ANZ Banking Group says.

457 visa program to be replaced

Prime Minister Malcolm Turnbull has announced the abolishment of the 457 skilled visa program, which will be replaced by a visa with new requirements for temporary foreign workers.

Ship spending to trigger apprentice uptake

SPECIAL REPORT: Henderson shipbuilders have plans to put on hundreds of apprentices as billions of dollars in naval investment is expected in the next few years.

Directors want tax reforms back on agenda

A lower company tax rate, the abolition of stamp duty and a review of the federation should be top priorities to drive national prosperity, says the Australian Institute of Company Directors.

WA's jobless rate hits 6.5%

The jobless rate in Western Australia notched up 0.4 percentage points last month, while national unemployment figures remained steady.

Rising royalties drive GST malaise

OPINION: Many angry words have been spoken and written about Western Australia's shrinking GST allocation, but very little has been said or written about the cause of the shrinkage - iron royalties.

West could lag next boom wave

Western Australian workers would have the most to lose of any state from a major downturn in China and the least to gain from a major growth in services exports, according to new modelling from Deloitte, but an increased openness to investment opportunities might bring an upside in both scenarios.

GST first of many tests for Labor

OPINION: The McGowan government will need to get straight down to business, given the backlog of issues it needs to address.

Taxi tax could be admin headache

A taxi levy to buy back plates could be a major administrative headache for the sector and punish more efficient players, according to Ingogo chief executive Hamish Petrie.

Scaffidi doesn't regret deputy rebuke

Perth Lord Mayor Lisa Scaffidi is unrepentant after she and and two of her factional allies were censured over a public rebuke of the council's deputy.

Sympathy but no action on WA GST: Morrison

Treasurer Scott Morrison insists Western Australia's low share of the GST carve up is not his doing, saying he understands the state's frustration but won't intervene.

Wages a target as state grapples with worsening debt

A wage freeze could be on the agenda for public sector staff in the upcoming state budget, according to new Treasurer Ben Wyatt, as Treasury officials warn the state will need to pay increasing rates of interest on government bonds.

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