Failures end in court win for Anderson

DEVELOPER Warren Anderson has beaten a multi-million-dollar court claim stemming from his failed foray into the construction industry. WA Supreme Court Master Craig Sanderson ruled that a statutory demand made by Rapid Metal Developments against Anderson Formrite Pty Ltd, for nearly $3 million be set aside. Mr Sanderson said there was “a genuine dispute in relation to the defendant’s claim” and that the precise nature of the contractual arrangement between the parties was at issue. Full report, Page 4.

Knives out over power

BUSINESS is the big winner from a wide-ranging Electricity Reform Task Force report that recommended the carving up of Western Power into four new State-owned bodies. The report predicted a $1 billion benefit to WA over 20 years in net present value terms from the changes, which would be fully implemented by the beginning of 2006. Full report, Page 5.

Farmers face stock shrinkage dilemma

WA sheep farmers are facing a dilemma – meat and wool prices are approaching 50-year highs and the State is fast running out of sheep. The drought conditions that have hit WA this year have reduced the feed available for livestock. In previous years when drought conditions have plagued the State this usually meant the harrowing task of destroying starving sheep. However, with meat prices high, many farmers are taking the chance to get top dollar for their sheep at the abattoir. Full report, Page 7.

Nickel players active

DRILL testing has commenced in one of Australia’s most hotly contested nickel sulphide frontiers, the West Musgrave region 1,300 kilometres north-east of Perth. First in are the region’s two major rivals, who once fought a battle over some of the prized ground. Melbourne-based Western Mining Corporation began drilling a month ago, while WA-based West Musgrave Mining will commence in a few weeks. Full report, Page 12.

Opportunity knocking on Castle Gates

FOR someone whose work involves so many secrets, former financial journalist turned self-styled financial intelligence operative John McGlue is not one to hide in the shadows. If there’s a corporate stoush going on in WA, chances are John McGlue is involved somehow with his intriguing blend of data mining and media instinct. Full report, Page 16.

The home straight for tax

IT’S tax time again and there are only two weeks left to lodge your income tax return. If you haven’t done it yet, set aside some time before October 31 or you could be faced with a failure to lodge penalty of up to $550. It might be worth using e-tax to lodge your return this year. The Australian Tax Office designed this free electronic package to do most of the calculations for you. Full report, Page 17.

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