04/08/2017 - 06:47

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04/08/2017 - 06:47

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Legal action may solve riddle

A Sarajevo-based businessman has launched legal proceedings that could finally solve the mystery behind a key shareholding in the Anton Billis-run WA gold miner Tribune Resources. The West

 

Waste levy plea to top court

The State Government is facing a High Court challenge by a Perth waste management company fighting a long-running and high-stakes campaign to avoid paying the landfill levy. The West

 

Amazon boss to hire thousands

Rocco Braeuniger will soon be exploring Australia’s $300 billion retail market after being named as local country manager for Amazon, which has promised to create thousands of new jobs and invest millions of dollars in its e-commerce business here. The Fin

 

Fortescue joins call to scrap renewables target

Andrew Forrest’s Fortescue Metals Group has added its voice to the growing industry call for the scrapping of the renewable energy target, warning a policy fixation with renewable energy was coming at a high cost to consumers. The Aus

 

Alarm over plan to boost union power

Business groups are disputing Labor’s assertion that workplace bargaining power has tilted too far in favour of employers and is contributing to social inequality, warning a fresh wave of pro-union industrial relations reform threatens investment and job creation. The Fin

 

Fairfax asks to see Ten’s financials

Fairfax Media is understood to be one of at least nine parties to sign up to see the financial numbers of Network Ten, as the collapsed free-to-air broadcaster’s advisers call for indicative bids by the end of August. The Fin

 

Iron boom brings trade surplus

Booming sales of iron ore and coal to China helped deliver the first trade surplus since 2011 over the past year as exports surged by 17 per cent while the nation’s appetite for imports barely changed. The Aus

 

Low-grade ore discount ‘here to stay’

The growing discount for the lower-grade ores produced by the likes of Andrew Forrest’s Fortescue Metals could become a permanent feature of the iron ore market, said Rio Tinto chief executive Jean-Sebastien Jacques. The Aus

 

Trump hails then fumes at Turnbull

US President Donald Trump expressed his admiration to Prime Minister Malcolm Turnbull for Australia’s refusal to accept refugees from detention centres on Manus Island and Nauru. The West

 

The Australian Financial Review

Page 1: Commonwealth Bank of Australia is facing hundreds of millions of dollars in penalties and questions over the future of its senior executives, including chief executive Ian Narev, following allegations that it looked the other way as thousands of potentially illegal cash transactions were made using the bank’s network of automated teller machines by criminals.

Rocco Braeuniger will soon be exploring Australia’s $300 billion retail market after being named as local country manager for Amazon, which has promised to create thousands of new jobs and invest millions of dollars in its e-commerce business here.

Page 3: Income has flattened for the nation’s law firm partners as they confront a subdued economy and intensely competitive market, but most major-firm partners in the key financial districts in Sydney and Melbourne still crack the $1 million threshold.

Page 4: The chances of a breakthrough on media reform have improved, with the Greens coming back to the negotiating table in a bid to stave off a Pauline Hanson inspired threat to the ABC.

Page 5: Business groups are disputing Labor’s assertion that workplace bargaining power has tilted too far in favour of employers and is contributing to social inequality, warning a fresh wave of pro-union industrial relations reform threatens investment and job creation.

Page 8: The consumer watchdog has claimed one of the biggest scalps in its history, with the Federal Court ordering Japanese shipping company Nippon Yusen Kabushiki Kaisha to pay a $25 million fine after convicting it of criminal cartel conduct.

Page 9: The government will seek to end taxtime paralysis by introducing legislation to clarify which companies are eligible for the lower company tax rate of 27.5 per cent.

Page 17: Suncorp Group chief executive Michael Cameron has conceded he needs time to prove to investors that his strategy of creating a marketplace of financial services products can work, after announcing that the company will invest another $100 million in it.

Page 19: Fairfax Media is understood to be one of at least nine parties to sign up to see the financial numbers of Network Ten, as the collapsed free-to-air broadcaster’s advisers call for indicative bids by the end of August.

Another tough day at the office looms for Primary Health Care, which has plans to close its data entry support office in Manila, where an estimated 100 staff will lose their jobs as the medical centre operator continues to look for cost savings.

 

The Australian

Page 1: The Commonwealth Bank risks fines of hundreds of millions of dollars after the federal government’s financial crimes agency accused it of ignoring police warnings to monitor suspicious accounts, and failing to report tens of thousands of transactions worth more than $500 million, in breach of money-laundering and terrorism-financing laws.

Page 2: Booming sales of iron ore and coal to China helped deliver the first trade surplus since 2011 over the past year as exports surged by 17 per cent while the nation’s appetite for imports barely changed.

Page 3: When the nation woke at the weekend to watch a bulldog-like Laurie Oakes hunched over a black clipboard, subjecting his interviewees to an industrial strength glare, we knew our politicians were in for a very uncomfortable Sunday.

Page 4: The nation’s big four consulting firms reaped a $1 billion reward from the federal government over the past three years as the public sector turned to outside contractors to do more work.

Andrew Forrest’s Fortescue Metals Group has added its voice to the growing industry call for the scrapping of the renewable energy target, warning a policy fixation with renewable energy was coming at a high cost to consumers.

Page 5: NBN Co boss Bill Morrow has taken aim at telecommunications providers, saying they are not doing enough to manage the expectations of households switching to the National Broadband Network.

Page 6: Construction workers, miners and tradies have the highest suicide rates of any occupation in Australia, according to new data that reveals the blue collar crisis behind the nation’s fragile economy.

Page 7: Three former state Labor ministers face possible criminal charges after a damning finding against them by the NSW corruption watchdog But federal minister Arthur Sinodinos has been cleared of wrongdoing.

The Federal Court has slammed the construction union’s “disgraceful” and “woeful” record of law-breaking, imposing a $300,000 penalty for unlawful strikes at three Queensland projects, including the state’s children’s hospital.

Page 19: Commonwealth Bank is under pressure to explain failings in its technology and systems after being accused of thousands of breaches of financial reporting rules, resulting in the financing of drug manufacturing and importation, money laundering and terrorism as well as hindering authorities’ efforts to gather evidence and intelligence.

Page 20: The growing discount for the lower-grade ores produced by the likes of Andrew Forrest’s Fortescue Metals could become a permanent feature of the iron ore market, said Rio Tinto chief executive Jean-Sebastien Jacques.

 

The West Australian

Page 1: The nation’s biggest lender, the Commonwealth Bank, faces huge fines over allegations its automated deposit machines were used by organised crime and potential terrorists to launder tens of millions of dollars out of the country.

Page 4: US President Donald Trump expressed his admiration to Prime Minister Malcolm Turnbull for Australia’s refusal to accept refugees from detention centres on Manus Island and Nauru.

Page 6: Prime Minister Malcolm Turnbull has claimed the media is in a “parallel universe” over WA’s attitude towards the Federal Government and the GST distribution.

Page 14: The State Attorney-General is considering a 24-hour on-call legal service for Aboriginals in jail as part of a radical effort to tackle WA’s shocking record of deaths in custody.

Page 17: Perth bus drivers were issued with 334 traffic fines in 2016-17, mostly for speeding.

Page 70: A Sarajevo-based businessman has launched legal proceedings that could finally solve the mystery behind a key shareholding in the Anton Billis-run WA gold miner Tribune Resources.

Former Murchison Metals boss Paul Kopejtka reckons the smart money is moving into bauxite and his private company Alliance Mining Commodities has the right project at the right time.

Page 71: Red 5 will reinvent itself as a WA-focused gold miner after a two-way deal with South Africa’s Gold Fields and locally listed Saracen Minerals Holdings to take control of two key assets in the Eastern Goldfields.

The State Government is facing a High Court challenge by a Perth waste management company fighting a long-running and high-stakes campaign to avoid paying the landfill levy.

 

 

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