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Regulation

Big banks under pressure

Australia’s major banks are under mounting pressure today, with a draft report from the Productivity Commission raising doubts about competition levels as regulators apply more scrutiny to three of the 'big four'.

Wyatt opens up Pilbara electricity market

The state government has opened up the Pilbara electricity market to greater competition after privately-owned Alinta Energy applied last year to gain access to state-owned Horizon Power’s network.

Supreme Court doubles trucking fines

The Supreme Court of Western Australia has more than doubled the penalty handed down to South Australian trucking company Cleveland Freightlines following an appeal by WorkSafe.

IR pressure builds on franchises

SPECIAL REPORT: Franchises are being increasingly squeezed by employment law changes, but recent reforms to competition law provided a few wins for the sector.

McCullagh to lead common MRA-LandCorp boards

The state government has announced a new board to run the Metropolitan Redevelopment Authority and LandCorp in the lead up to their planned merger, with just one board member from the MRA continuing on the new body.

Dawson approves Sinosteel, rejects MinRes

The state government has today approved Sinosteel Midwest Corporation’s iron ore expansion project east of Geraldton, while simultaneously rejecting Mineral Resource’s planned iron ore mines in the Helena-Aurora Range, after the environmental watchdog had recommended both should be blocked.

WA joins national disability scheme

The state government has announced its decision to join the National Disability Insurance Scheme (NDIS), replacing the agreement signed in January by the Barnett government for a locally administered NDIS.

Halom takes MMA to panel

Halom Investments has asked the Takeovers Panel to revise MMA Offshore’s planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

$30m in contracts awarded for port development

Contracts totaling $30 million have been awarded to Austral Construction and marine solutions business TAMS Group to replace ageing channel markers offshore and within the port of Port Hedland.

Former Perth stockbroker sentenced

Former stockbroker Lewis Fellowes has been sentenced to three years’ imprisonment after pleading guilty to three dishonesty charges, but has been spared prison time after entering into a $30,000, five-year good behaviour bond.

Sheffield’s Thunderbird gets EPA tick

The Environmental Protection Authority has recommended approval of Sheffield Resources’ Thunderbird mineral sands project in the Kimberley, subject to a number of strict conditions.

Puma plan in limbo

The group planning a 24-hour Puma Energy project in Dunsborough will lodge an application next week to strike out an appeal by the State Solicitor’s Office against the recent approval of the development.

Dunsborough Puma planning stoush persists

The two-year saga over a proposed 24-hour Puma fuel station in Dunsborough has taken a new turn, with the Southern Joint Development Assessment Panel lodging an appeal in the Supreme Court against the State Administrative Tribunal’s ruling in favour of the development.

Transport noise policy revamp

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

MinRes, Galaxy trade blows over director

Perth companies Mineral Resources and Galaxy Resources have waded into an extraordinary dispute over their respective corporate governance standards, triggered by the role played by Chinese businesswoman Xi Xi.

More protection for company directors

Safe-harbour reforms that deliver greater protection for directors of financially stressed companies have passed through both houses of federal parliament.

Plastic bag ban gets green light

The state government has announced that lightweight, single-use shopping bags will be banned from July 1 next year, bringing Western Australia into line with most other states.

Forrest case sparks mining lease legitimacy fears

The state government is considering amendments to the Mining Act in the wake of the High Court’s recent ruling that kept sand mining off Andrew Forrest's family pastoral station in the Pilbara but cast into question the legitimacy of other granted mining leases since 2006.

CBA to defend allegations in court next year

AUSTRAC’s civil penalty proceedings against Commonwealth Bank of Australia won’t appear in the Federal Court until April next year.

ACCC backs merger of WA manufacturers

Two low-profile manufacturers that jointly employ more than 1,000 people in Western Australia are set to come under single ownership after the competition watchdog approved the purchase by US company Tronox of Cristal’s titanium dioxide business.

Forrest loses to Sage in court, wins in Yarri appeal

Andrew Forrest has successfully fended off a company that wanted to mine sand at his family’s pastoral property in the Pilbara, but has lost an appeal against a uranium explorer that plans to mine in the area.

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