11/08/2017 - 06:42

Morning Headlines

11/08/2017 - 06:42

Bookmark

Save articles for future reference.

Task force pitches extra ferry routes

Matilda Bay, Crown Perth, Belmont, Point Walter, Ascot Waters and Guildford are among 16 potential stops on a Perth ferry network with “very good” prospects for expansion, according to a government task force. The West

 

PM bid to block super union

The Turnbull government will move next week to block the creation of a CFMEU-MUA “super union” through legislation to be introduced to parliament that would force the Fair Work Commission to apply a public-interest test for any mergers. The Aus

 

Border force staff to be investigated

The lifestyles and finances of thousands of Australian Border Force staff will be investigated by high-powered agencies amid concerns crime syndicates are corrupting officers with drug money. The West

 

O’Callaghan, Grylls eye Minderoo

Police Commissioner Karl O’Callaghan and former Nationals leader Brendon Grylls could be high-profile recruits to Andrew Forrest’s philanthropic organisation. The West

 

Qantas broadens China exposure

Qantas has inked a new deal with the online travel booking arm of Chinese e-commerce juggernaut Alibaba as it looks to increasingly tap the potential of Australia’s biggest two-way trade partner. The Aus

 

ASIC eyes case against CBA board

The Australian Securities and Investments Commission is considering pursuing a case against Commonwealth Bank of Australia directors that would allege they breached their duties to protect the company’s reputation when responding to AUSTRAC warnings the institution was being used for money laundering. The Fin

 

Packer in $100m Crown Resorts share sale

Billionaire and Financial Review Rich Lister James Packer has sold about $100 million of shares in his Crown Resorts casino and entertainment giant. The Fin

 

Perpetual to pay Brickworks’ legal costs

Perpetual chief executive Geoff Lloyd says the wealth giant will not be shy about acting to protect shareholders’ interests, even after the listed vehicle agreed to share the costs of the unsuccessful court action its funds management arm launched against Brickworks and Washington H. Soul Pattinson. The Fin

 

Investor backlash over King’s BHP seat

An investor backlash is building against former Origin Energy managing director Grant King’s appointment to the BHP Billiton board as a spotlight is shone on capital allocation and board composition at the big miner. The Aus

 

The Australian Financial Review

P1: The Australian Securities and Investments Commission is considering pursuing a case against Commonwealth Bank of Australia directors that would allege they breached their duties to protect the company’s reputation when responding to AUSTRAC warnings the institution was being used for money laundering.

P5: Millions of Australian households could remain stuck on the highest electricity tariff and not receive a letter from their energy retailer offering them a cheaper deal, despite the agreement struck with Prime Minister Malcolm Turnbull on Wednesday.

Treasurer Scott Morrison said he agreed with big energy companies that the long-term solution to stable and affordable power was policy certainty for investors but that did not excuse them from taking short-term steps now to help consumers.

P7: A senior ANZ executive has had his identity stolen and used to fraudulently borrow $30,000 from Westpac, exposing huge gaps in the nation’s frontline defences against digital crime.

P8: Some of Australia’s top chief executives have blasted a lack of political leadership for an unprecedented disconnect between surging business confidence and low household sentiment.

P9: Billionaire and Financial Review Rich Lister James Packer has sold about $100 million of shares in his Crown Resorts casino and entertainment giant.

P17: AMP chief executive Craig Meller says it is difficult for Australian life insurers to compete with the overseas players because the foreigners’ return expectations are ‘‘quite clearly lower’’ than their Australian rivals.

AGL Energy is driving ahead with plans for a $250 million LNG import terminal in Victoria as part of a $2 billion-plus line-up of growth projects and has flagged potential overseas acquisitions as it prioritises growth over further returns to shareholders.

P20: Perpetual chief executive Geoff Lloyd says the wealth giant will not be shy about acting to protect shareholders’ interests, even after the listed vehicle agreed to share the costs of the unsuccessful court action its funds management arm launched against Brickworks and Washington H. Soul Pattinson.

 

The Australian

P1: The Turnbull government will move next week to block the creation of a CFMEU-MUA “super union” through legislation to be introduced to parliament that would force the Fair Work Commission to apply a public-interest test for any mergers.

P3: A man whose “intransigent flouting” of court orders to stop him naming two women who he alleged had affairs with Seven West Media chief executive Tim Worner was jailed for four months yesterday.

Australia’s biggest medical breakthrough in a generation could save millions of families around the world from the anguish of losing children in the womb, or soon after birth.

P4: The Coalition will proceed with proposed laws allowing courts to ban union officials for multiple breaches of civil law, as the government seeks to keep its industrial relations agenda focused on the construction union.

P7: The Recognise campaign for indigenous constitutional recognition is being quietly abandoned after five years and tens of millions of dollars in funding, despite calls for a concerted publicity drive to capitalise on the reform model delivered by the Referendum Council.

P17: Electricity and gas giant AGL Energy has delivered a record fullyear profit in the midst of the east coast’s power price crisis, and flagged a potential $1 billion windfall this year as prices show no sign of easing.

An investor backlash is building against former Origin Energy managing director Grant King’s appointment to the BHP Billiton board as a spotlight is shone on capital allocation and board composition at the big miner.

P24: Qantas has inked a new deal with the online travel booking arm of Chinese e-commerce juggernaut Alibaba as it looks to increasingly tap the potential of Australia’s biggest two-way trade partner.

 

The West Australian

P3: Matilda Bay, Crown Perth, Belmont, Point Walter, Ascot Waters and Guildford are among 16 potential stops on a Perth ferry network with “very good” prospects for expansion, according to a government task force.

P4: The Shire of Ravensthorpe holds fears for dozens of businesses facing a downturn amid a looming exodus of workers from the local nickel mine.

P6: The Australian Army has put a ban on male recruits as its politically correct push to increase female ranks at any cost has also meant fitness tests for recruits have been slashed to just four press-ups and 20 sit-ups.

P12: Malcolm Turnbull has put himself on a collision course with Liberal supporters of same-sex marriage, ruling out a free vote if the High Court ruled the postal plebiscite was unconstitutional.

P14: The lifestyles and finances of thousands of Australian Border Force staff will be investigated by high-powered agencies amid concerns crime syndicates are corrupting officers with drug money.

P61: AGL Energy has claimed some of the credit for the sharper gas discounts being offered by its WA rivals and has not ruled out improving its own offer to win over more customers.

A type of food shrub that could transform the northern cattle industry is being developed in WA as part of a $2.3 million research project led by the Department of Primary Industries and Regional Development.

Police Commissioner Karl O’Callaghan and former Nationals leader Brendon Grylls could be high-profile recruits to Andrew Forrest’s philanthropic organisation.

P62: One of WA’s biggest fishing companies has flagged ambitious plans to farm protein on land as part of efforts to become a leading agribusiness player.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options