17/07/2017 - 06:39

Morning Headlines

17/07/2017 - 06:39

Bookmark

Save articles for future reference.

GST push puts frack ban at risk

The State Government would have to abandon its ban on gas fracking across the South West and open the Margaret River area to coal mines under proposals aimed at delivering more GST to WA. The West

 

Gold giant to take on Tanzania

AngloGold Ashanti has launched arbitration proceedings in the United Nations Commission on International Trade Law against the Tanzanian Government over its onerous mining law changes announced earlier this month. The West

 

WA richer if it gave up royalties: council

So ‘‘perverse’’ is the GST distribution system, Western Australia would be richer if it did not collect iron ore royalties, the Minerals Council of Australia says. The Fin

 

Our people are worth the penalty rates: JB Hi-Fi

Electronics and home appliances retailer JB Hi-Fi has refused to pass on the Fair Work Commission-mandated Sunday and public holiday penalty rate cuts across its entire workforce, in the process passing up a potential boost to earnings of almost 10 per cent. The Aus

 

Health costs the next affordability crisis warns Medibank chief

Medibank chief executive Craig Drummond has called on the $20 billion health insurance industry to work with the federal government to head off an affordability crisis as he flags plans to invest more in home healthcare services to encourage people to be treated outside the hospital system. The Fin

 

We’re sitting on housing powder keg: Deloitte

Interest rates won’t rise until 2018 and even then increases will be slow and moderate because the Reserve Bank of Australia fears igniting the housing ‘‘powder keg’’, Deloitte Access Economics says. The Fin

 

‘End civil war or Libs will lose’

Malcolm Turnbull and Tony Abbott must meet face to face to end the bitter infighting that is crippling the government or risk defeat at the next election, the new Liberal president has urged, backed by senior MPs and party figures. The Aus

 

Spotlight shines on shadow banking

Tough new powers for the prudential regulator to target the shadow finance sector will allow it to slap new rules on individual nonbanks, the entire industry, or “specified” classes of lenders, as part of a crackdown on potential sources of instability in the financial system. The Aus

 

NBN fail a ‘threat to lives, economy’

Lives are being put at risk and the State’s economy under increased threat because of uncertainty and confusion about the National Broadband Network in WA, warns a scathing submission to a Commonwealth inquiry. The West

 

The Australian Financial Review

Page 1: Federal Energy Minister Josh Frydenberg has asked the Australian Energy Regulator to investigate Queensland’s state-owned power generators as Prime Minister Malcolm Turnbull accused them of ‘‘gaming the system’’, giving Queensland the nation’s most expensive electricity and costing jobs.

Medibank chief executive Craig Drummond has called on the $20 billion health insurance industry to work with the federal government to head off an affordability crisis as he flags plans to invest more in home healthcare services to encourage people to be treated outside the hospital system.

Page 3: Interest rates won’t rise until 2018 and even then increases will be slow and moderate because the Reserve Bank of Australia fears igniting the housing ‘‘powder keg’’, Deloitte Access Economics says.

Page 5: So ‘‘perverse’’ is the GST distribution system, Western Australia would be richer if it did not collect iron ore royalties, the Minerals Council of Australia says.

Page 6: The Tax Office is facing calls for government intervention, compensation and an independent review after a hacking breach and more computer outages.

Page 13: Big shareholders in BHP Billiton believe Elliott Management’s campaign for change to the miner’s structure and petroleum division is justified on the back of the US hedge fund’s latest visits to Australia.

Page 15: Bellamy’s Australia will formally invite retail shareholders to withdraw from a $45.5 million capital raising after the Chinese authorities suspended the key licence of its newly purchased baby formula canning plant, throwing the company into further disarray.

 

The Australian

Page 1: Malcolm Turnbull and Tony Abbott must meet face to face to end the bitter infighting that is crippling the government or risk defeat at the next election, the new Liberal president has urged, backed by senior MPs and party figures.

Migration is transforming the age profile of the labour force, with young migrants, predominantly in their 20s, accounting for 80 per cent of the growth in the workforce in the past five years.

Page 2: Electronics and home appliances retailer JB Hi-Fi has refused to pass on the Fair Work Commission-mandated Sunday and public holiday penalty rate cuts across its entire workforce, in the process passing up a potential boost to earnings of almost 10 per cent.

Page 4: Queensland Premier Annastacia Palaszczuk has slammed Liberal National Party leader Tim Nicholls’s work ethic, calling him a “part-time” Opposition Leader because of the number of days he meets just with his staff, MPs and deputy. But the attack has somewhat backfired on Ms Palaszczuk.

More than one in 10 Australian students will attract disability funding next year when the numbers receiving assistance double under the Gonski 2.0 reforms, prompting Labor and the unions to voice concerns that the scheme could be chronically underfunded.

Page 17: The multi-million-dollar legal bill from Perpetual’s failed attempt to break up a cross-shareholding between Brickworks and Washington H Soul Pattinson could end up as a hit on the returns to unitholders in a series of funds managed by the $33bn company.

Tough new powers for the prudential regulator to target the shadow finance sector will allow it to slap new rules on individual nonbanks, the entire industry, or “specified” classes of lenders, as part of a crackdown on potential sources of instability in the financial system.

Page 18: Quadrant Energy will today start carrying out its non-deal roadshow presentations to potential investors as the company contemplates a future float.

Page 19: Rio Tinto energy and minerals boss Bold Baatar plans to bring his private equity experience to running a Ventures business that will chase new minerals associated with technological disruption, with the miner prepared to buy and then sell projects to make cash.

 

The West Australian

Page 1: Lives are being put at risk and the State’s economy under increased threat because of uncertainty and confusion about the National Broadband Network in WA, warns a scathing submission to a Commonwealth inquiry.

Page 3: The State Government would have to abandon its ban on gas fracking across the South West and open the Margaret River area to coal mines under proposals aimed at delivering more GST to WA.

Page 12: The Greens say 22-year-old senator-in-waiting Jordon Steele-John is under no pressure to surrender his right to Scott Ludlam’s vacated seat in the Federal Parliament.

New Federal Liberal Party president Nick Greiner says he plans to take Tony Abbott aside to urge him to stop stirring dissent in the Federal Government.

Page 14: Tax scammers are increasing their use of threatening phone calls, bizarre requests and new technologies to steal from victims.

Foreign Minister Julie Bishop has taken a swipe at Donald Trump for praising the French first lady’s physique, saying she would be “taken aback” if the US President made the same comment to her.

Page 58: Pastoralists in northern WA already struggling under the burden of red tape have a new barrier to trade after the blue tongue virus exclusion zone was expanded to Broome Port.

AngloGold Ashanti has launched arbitration proceedings in the United Nations Commission on International Trade Law against the Tanzanian Government over its onerous mining law changes announced earlier this month.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options