14/08/2017 - 06:43

Morning Headlines

14/08/2017 - 06:43

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Chinese buyers retreat

Chinese property buyers are turning away from Australian housing as efforts by regulators in both countries to slow investment begin to bite. The Fin

 

Warning growth to freeze under Shorten’s $150b ‘tax winter’

A $150 billion “tax winter” is coming to Australia under Bill Shorten, the Federal Government warns, revealing modelling showing the effect of the ALP’s planned tax changes. The West

 

Airports to help boost tourism

The latest FACTBase Bulletin released by the Committee for Perth says improved access should include new international airports at Broome and Busselton-Margaret River. The West

 

CBA chiefs facing more salary pain

Speculation is building that Commonwealth Bank of Australia will outline additional punitive measures for current and former executives when it releases its annual report on Monday. The Fin

 

Westpac focus on deposit for first home

Westpac’s head of consumer banking, George Frazis, says saving a deposit is one of the biggest challenges facing first home buyers and lenders should do more to help young people save the initial payment they need to get onto the property ladder. The Fin

 

Costs eat into health cover incentive

The financial incentive to take out private health insurance is fast diminishing for tens of thousands of Australians, as rising premiums and bracket creep make it cheaper to pay the Medicare Levy Surcharge than to invest in basic health cover. The Aus

 

Koyu back in the beef trade

Melbourne-based businessman Rami Koyu is confident his collapsed Shark Food Group at Esperance could reopen by October, while plans to build another major abattoir north of Perth are back on track. The West

 

Bupa calls for aged-care reforms

Bupa has called on the Turnbull government to overhaul aged care funding and introduce a market-driven system that will see Australians financially contribute to their care. The Aus

 

Glencore eyes Rio aluminium

US-based Century Aluminium and Glencore are believed to be circling Rio Tinto’s Pacific Aluminium business, which is up for sale through Deutsche Bank for potentially as much as $US1 billion ($1.3bn). The Aus

 

The Australian Financial Review

P1: Chinese property buyers are turning away from Australian housing as efforts by regulators in both countries to slow investment begin to bite.

P3: Treasurer Scott Morrison says the era of cheap coal-fired power is coming to an end, and anyone claiming it is the sole solution to the nation’s energy dilemma is propagating a myth.

P5: Australia’s property bubble, corporate tax levels and the Turnbull government’s talent-hindering crackdown on 457 visas have been identified as major barriers for US direct investors trying to lure workers to Australia.

Real estate agents and the evolving proptech sector are taking advantage of a resilient market for detached houses ahead of an expected weakening in apartment construction.

P6: Speculation is building that Commonwealth Bank of Australia will outline additional punitive measures for current and former executives when it releases its annual report on Monday.

More than 25,000 children are set to take part in a record-breaking global coding event, where they will create games and animations about space.

P13: Westpac’s head of consumer banking, George Frazis, says saving a deposit is one of the biggest challenges facing first home buyers and lenders should do more to help young people save the initial payment they need to get onto the property ladder.

P15: Aurizon chief executive Andrew Harding is expected to deliver a net loss and to outline plans for the company’s troubled freight business when he presents the rail group’s annual results for the first time on Monday.

 

The Australian

P1: The Turnbull government will seek to push through urgent amendments today to ensure protection of classified ASIO intelligence and police security assessments in visa cancellation decisions, ahead of an imminent High Court ruling in a case brought by two gang members facing deportation.

The financial incentive to take out private health insurance is fast diminishing for tens of thousands of Australians, as rising premiums and bracket creep make it cheaper to pay the Medicare Levy Surcharge than to invest in basic health cover.

P2: Commonwealth Bank of Australia chief executive Ian Narev could be called to parliament as soon as this week to explain allegations of money laundering that have landed the nation’s biggest company in a widening crisis.

P3: The future of former prime minister Kevin Rudd’s flagship $53 million China centre at the Australian National University is under a cloud after the institution ordered an external review.

P4: States have warned the federal government it must bear all the risk of any National Disability Insurance Scheme cost blowout and will not accede to any demands to pay more money or even return control of the program unless their own budgets are assured.

P5: The number of smokers in Australia has increased for the first time since anti-smoking campaigns ramped up a generation ago, casting doubt on the effectiveness of further taxes on cigarettes.

P17: Bupa has called on the Turnbull government to overhaul aged care funding and introduce a market-driven system that will see Australians financially contribute to their care.

P18: US-based Century Aluminium and Glencore are believed to be circling Rio Tinto’s Pacific Aluminium business, which is up for sale through Deutsche Bank for potentially as much as $US1 billion ($1.3bn).

P20: The clock is ticking for Australian infant formula producers to complete a suite of new regulatory hurdles, in order to be able to keep selling their powder in China after January 1.

 

The West Australian

P3: Health Minister Roger Cook has made the case for “safe access zones” banning protests around abortion clinics, setting the scene for a bruising ideological brawl in the lead-up to Labor’s State conference.

A $150 billion “tax winter” is coming to Australia under Bill Shorten, the Federal Government warns, revealing modelling showing the effect of the ALP’s planned tax changes.

P4: The Commonwealth Bank chairwoman could face a parliamentary inquiry into allegations the bank’s deposit machine network was used by organised criminals and terrorist financiers as pressure mounts on the nation’s biggest lender.

The latest FACTBase Bulletin released by the Committee for Perth says improved access should include new international airports at Broome and Busselton-Margaret River.

P11: Facial recognition technology being developed by Federal authorities to track down serious criminals runs the risk of blowing the cover of protected witnesses and covert operatives, outgoing WA Police Commissioner Karl O’Callaghan has warned.

P58: Melbourne-based businessman Rami Koyu is confident his collapsed Shark Food Group at Esperance could reopen by October, while plans to build another major abattoir north of Perth are back on track.

The head of one of Australia’s biggest professional services firms believes public negativity and misconceptions are preventing Australia from fully embracing automation.

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