26/07/2017 - 06:48

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26/07/2017 - 06:48

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Canavan’s arrivederci to Turnbull ministry

Nationals senator and Minister for Resources and Northern Australia Matt Canavan has resigned from cabinet after discovering he was an Italian citizen, but he is refusing to quit Parliament. The Fin

 

UK to probe Rio’s Guinea bribe scandal

Rio Tinto’s Guinea scandal, which has already cost the jobs of two senior executives, has escalated with Britain’s Serious Fraud Office declaring it suspects there may have been corrupt conduct by the miner, its employees and associates. The Aus

 

Perth tops the queue for billions in city deal

Perth is in line to be the first Australian capital to sign a lucrative city deal with the Federal Government, tapping into “many billions” of dollars available for transport and infrastructure projects. The West

 

Shadow banks kick back

Shadow banks will protest over the extensive new powers being given to the prudential regulator, which may curb their lending, increase funding costs and threaten to exacerbate the severity of any housing market downturn. The Fin

 

Amart brand dumped as Amazon threat looms

Super Retail Group chief executive Peter Birtles insists smaller players in a highly fragmented sporting goods retailing market will be hit hardest by increased competition from Amazon and Decathlon, and expects to grow market share after scrapping his Amart Sports brand. The Fin

 

Treasurer’s targets on negative-gearing rorts

The federal government has launched an all-out war on aggressive negative gearing strategies to depreciate the value of second-hand household items to save on tax, including air-conditioners, ovens, carpets and pool equipment. The Aus

 

AFL no pillar of morality, says Goyder

The chairman of the AFL Commission, Richard Goyder, has strongly defended its actions over the resignation of two senior staff over illicit affairs, arguing there would have been “tidal waves” of opposition “if that had not been the outcome”. The Aus

 

Touch of craft brews up Gage Roads’ top profit

Palmyra-based Gage Roads Brewing Company has hailed its “returning to craft” strategy as a key reason for yesterday’s record net profit after tax. The West

 

Heritage high-rise bid

The developers of a hotel at the rear of a heritage Beaufort Street building in Northbridge won’t know for months whether they have won a bid for extra height — to 13 levels from the eight already approved. The West

 

The Australian Financial Review

Page 1: Shadow banks will protest over the extensive new powers being given to the prudential regulator, which may curb their lending, increase funding costs and threaten to exacerbate the severity of any housing market downturn.

A founding director of a Cairns property developer that Small Business Ombudsman Kate Carnell claimed was sent broke by Commonwealth Bank of Australia said the company’s reckless investments were the real reason it failed.

Page 3: Nationals senator and Minister for Resources and Northern Australia Matt Canavan has resigned from cabinet after discovering he was an Italian citizen, but he is refusing to quit Parliament.

Credit and debit cards have overtaken cash as the most frequently used consumer payment for the first time, as food retailers and ridesharing apps such as Uber offer more cashless payment options.

Page 4: Labor has guaranteed it will not abolish the legitimate use of trusts, just increase the tax paid especially by high wealth individuals, as it seeks to portray the clampdown as a twin measure of budget repair and social equity.

Page 6: The proportion of Australians working second jobs has remained remarkably steady over the past six years, according to a new set of official figures that may salve concerns about the so-called casualisation or Americanisation of the workforce.

Page 9: If universities succeed in blocking the federal government’s higher education funding plan, which strips universities of 4.9 per cent of their course subsidies, it could lead to an even worse outcome, warns leading tertiary education expert Peter Noonan.

Page 15: Super Retail Group chief executive Peter Birtles insists smaller players in a highly fragmented sporting goods retailing market will be hit hardest by increased competition from Amazon and Decathlon, and expects to grow market share after scrapping his Amart Sports brand.

Broadband aspirant Vodafone Hutchison Australia believes the National Broadband Network can halve its controversial access charge and still meet the government mandated commercial rate of return, as consumers will move to more expensive plans with higher speeds.

Rio Tinto’s Guinean payments scandal has been branded ‘‘suspected corruption’’ by one of the world’s top anti fraud agencies.

 

The Australian

Page 1: The government will fight to keep Nationals minister Matt Canavan in federal parliament, taking his case to the High Court, after he became the third MP within a fortnight to fall foul of a basic constitutional requirement preventing dual nationals from running for office.

Peter Costello will fire a salvo at the large pay packets of the nation’s top bankers in a speech that could energise Labor’s call for a royal commission into the financial system, arguing the big four banks’ profits hinge on factors largely out of their control.

The federal government has launched an all-out war on aggressive negative gearing strategies to depreciate the value of second-hand household items to save on tax, including air-conditioners, ovens, carpets and pool equipment.

Slow connections plaguing the National Broadband Network would have been even worse under Labor’s gold-plated scheme because the costly bandwidth charges that are causing the problem would have been up to three times higher.

Page 5: Queensland’s chief scientist and museums boss has been ordered to explain why she should not be sacked from her $330,000-year taxpayer-funded jobs after being charged with defrauding the state government.

Page 8: A war of words has broken out between the Turnbull government and the UN refugee agency after Foreign Minister Julie Bishop rejected claims that a small number of asylum-seekers on Manus Island and Nauru could be resettled in Australia.

Page 9: The chairman of the AFL Commission, Richard Goyder, has strongly defended its actions over the resignation of two senior staff over illicit affairs, arguing there would have been “tidal waves” of opposition “if that had not been the outcome”.

Page 19: Rio Tinto’s Guinea scandal, which has already cost the jobs of two senior executives, has escalated with Britain’s Serious Fraud Office declaring it suspects there may have been corrupt conduct by the miner, its employees and associates.

The David Di Pilla-led Home Investments Consortium of richlisters is to relaunch its $835 million reinvention of Woolworths’ disastrous Masters hardware chain in about two months.

 

The West Australian

Page 1: The dual citizenship fiasco rocking Federal Parliament has claimed a Cabinet minister after Resources Minister Matt Canavan discovered his mother had applied for him to become an Italian citizen.

Page 3: Hundreds of parents have been sent letters warning of a sterilisation breach at Princess Margaret Hospital after five trays of surgical instruments were found with “visible dust” last month.

Page 4: Perth is in line to be the first Australian capital to sign a lucrative city deal with the Federal Government, tapping into “many billions” of dollars available for transport and infrastructure projects.

Page 5: The main grandstands at Domain Stadium could be demolished within months of the end of this AFL season under advanced plans that involve WA football retaining a presence in Subiaco.

Page 8: Farmers have warned Bill Shorten against tampering with discretionary trusts after Labor confirmed it aims to prevent their use to purely reduce tax.

Page 11: The line up for this year’s Margaret River Gourmet Escape is revealed today, with the future of the globally renowned event up in the air amid accusations the State Government is “dragging the chain” on securing funding for the event beyond this year.

Page 20: Slade Brockman is content to enter the Senate as a staunch Liberal conservative, revealing yesterday that he would vote with his conscience to retain the current definition of marriage regardless of the result of any plebiscite.

Page 29: Palmyra-based Gage Roads Brewing Company has hailed its “returning to craft” strategy as a key reason for yesterday’s record net profit after tax.

Page 63: The world’s biggest vessel — Shell’s 488m long, 74m wide Prelude floating LNG facility — has arrived at its destination off the Kimberley coast.

Australian energy companies have become embroiled in China’s bid to expand its influence in the South China Sea after Beijing reportedly strongarmed Vietnam to stop drilling for gas in a disputed area.

Page 64: The developers of a hotel at the rear of a heritage Beaufort Street building in Northbridge won’t know for months whether they have won a bid for extra height — to 13 levels from the eight already approved.

Perth’s award-winning property developer Adrian Fini is leading an ambitious streetscape revival of the east side of Perth’s CBD.

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