30/08/2017 - 06:47

Morning Headlines

30/08/2017 - 06:47

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Morning Headlines

Academic union rules wound back

Murdoch University has successfully axed historical union restrictions on redundancies and workplace change in a groundbreaking Fair Work Commission decision that is set to rock the university sector. The Fin

 

Sirona exits Subi sale

The Subiaco Pavilion Markets site faces an uncertain future after a $25 million sale to Sirona Capital fell over. The West

 

Collapse puts mine at risk

The collapse of a WA company has endangered the country’s second garnet mine just as it was ramping up to full production. The West

 

Too late to upgrade NBN after election, argues Labor

Opposition communications spokeswoman Michelle Rowland has hit out at ‘‘short-sighted’’ NBN chief executive Bill Morrow and called on the government to reject his updated corporate plan this week, saying it will be too late to change the technology by the time Labor has a chance to take office again. The Fin

 

CBA loses market mantle to BHP

Commonwealth Bank of Australia must find a new chief executive quickly if it is to stem the declines in its share price that have already helped BHP surpass it as the nation’s most valuable stock, analysts say. The Fin

 

Union deals cut Sunday pay rates

More than 410,000 workers are covered by union pay deals with big employers that contain zero or below-award Sunday penalty rates in return for higher base pay, according to new analysis that has reignited political brawling over workplace relations. The Aus

 

Bid to cut energy bills for a million Aussies

Malcolm Turnbull will ask energy bosses to ensure up to one million customers are told they can switch to discount plans to cut their bills, as he comes under pressure from Labor over new signs of division in the government’s energy policy. The Aus

 

Time for unis to repay debts: Birmingham

Fast-expanding universities have helped blow out the national debt and it is only fair they contribute to budget savings, Education Minister Simon Birmingham will say today in a rebuke to his critics. The Aus

 

Blow to fair GST crusade

WA’s campaign for a fair share of the GST has been dealt a blow with an independent report warning any change to the current carve-up of the tax would hurt the national economy and devastate mendicant States and Territories. The West

 

The Australian Financial Review

Page 1: Murdoch University has successfully axed historical union restrictions on redundancies and workplace change in a groundbreaking Fair Work Commission decision that is set to rock the university sector.

Commonwealth Bank of Australia must find a new chief executive quickly if it is to stem the declines in its share price that have already helped BHP surpass it as the nation’s most valuable stock, analysts say.

P3: Aldi Australia is pursuing legal action to stop the Transport Workers Union criticising it over wages and conditions in its supply chain, in a case that unions argue would dramatically limit freedom of speech.

P4: The Turnbull government accepts it faces an uphill battle to win the next election and that its fortunes now depend heavily on warning voters of what it regards as the perils of Bill Shorten becoming prime minister.

P5: Opposition communications spokeswoman Michelle Rowland has hit out at ‘‘short-sighted’’ NBN chief executive Bill Morrow and called on the government to reject his updated corporate plan this week, saying it will be too late to change the technology by the time Labor has a chance to take office again.

P7: Treasurer Scott Morrison is under pressure not to block US TV giant CBS’s purchase of Network Ten, with the Greens warning any move to kibosh the deal could jeopardise efforts to secure agreement on media reforms.

P9: Federal Education Minister Simon Birmingham will bluntly tell universities they are ‘‘kidding’’ themselves if they think the pressure to constrain spending on higher education is going to go away.

P13: Over the past decade, Chris Mackay and Hamish Douglass have proved investment bankers can make great investors.

P15: News Corp will not be allowed to buy an Australian television network other than the Ten Network, even if mediaownership laws are changed, industry executives believe.

 

The Australian

Page 1: More than 410,000 workers are covered by union pay deals with big employers that contain zero or below-award Sunday penalty rates in return for higher base pay, according to new analysis that has reignited political brawling over workplace relations.

Primary school students would be taught more pre-settlement indigenous history — including Aboriginal languages, phrases and customs — under changes to the national curriculum being developed by the Turnbull government.

P2: The head of Chinese corporate giant Citic has warned Clive Palmer not to underestimate its preparedness to shut down the $15 billion Sino Iron project in Western Australia.

P4: Malcolm Turnbull will ask energy bosses to ensure up to one million customers are told they can switch to discount plans to cut their bills, as he comes under pressure from Labor over new signs of division in the government’s energy policy.

P5: Fast-expanding universities have helped blow out the national debt and it is only fair they contribute to budget savings, Education Minister Simon Birmingham will say today in a rebuke to his critics.

P17: Fears are growing that offshore regulators will be next to take a swipe at the nation’s largest bank, as ramifications for Commonwealth Bank’s alleged breaches of anti-money laundering laws start to mount.

NSW power generators, including AGL and Origin, are pushing NSW spot power prices up as much as 50 per cent through aggressive and opportunistic pricing of inexpensive coal-fired power, according to a report by French energy management giant Schneider Electric.

P19: For years, Rio Tinto’s diamond division has been the largely unloved and unwanted baby inside a global portfolio dominated by iron ore, aluminium and copper.

 

The West Australian

Page 5: Australia’s first female Anglican archbishop has suggested she supports same-sex marriage, saying she favours the more “inclusive” side of the marriage debate.

P8: US President Donald Trump last night warned “all options are on the table” after North Korea launched a missile across northern Japan and as South Korean media reported its military is drafting contingency plans in case the peninsula breaks out into all-out war.

P11: Late winter rains have spared the cash-strapped State Government from a potential billiondollar upgrade to the water network after boosting the city’s dams to their highest levels in almost a decade.

P16: The entry of discount behemoth Aldi Australia into the Perth liquor retail scene has the potential to turn the already red-hot discounting battleground white-hot.

P24: WA’s campaign for a fair share of the GST has been dealt a blow with an independent report warning any change to the current carve-up of the tax would hurt the national economy and devastate mendicant States and Territories.

P29: A State Government report has made the case for reducing faceto-face public service delivery in favour of cheaper online interactions, while criticising the WA bureaucracy as inefficient and directionless.

P77: The collapse of a WA company has endangered the country’s second garnet mine just as it was ramping up to full production.

P81: The Subiaco Pavilion Markets site faces an uncertain future after a $25 million sale to Sirona Capital fell over.

Brookfield Property Partners says Perth’s CBD office market has bottomed, citing lease deals over 6200sqm across three of its premium-grade office assets as evidence of a recovery. 

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