31/08/2017 - 06:46

Morning Headlines

31/08/2017 - 06:46

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Morning Headlines

GST sparks WA secession push

Fury over Western Australia’s low share of the GST has sparked renewed secessionist sentiment, with a controversial “Waxit” motion to be debated at this weekend’s Liberal Party state conference in the presence of Malcolm Turnbull. The Aus

 

Miners fear gold royalty hike

Speculation is mounting that the cash-strapped State Government is set to whack WA’s gold mining industry with a royalty hike in next week’s State Budget. The West

 

Premier pushes back on port

Premier Mark McGowan, Treasurer Ben Wyatt and Transport Minister Rita Saffioti have pushed back against a WA Labor factional power play demanding a rethink of the promised new outer harbour at Kwinana. The West

 

Cuts could make unis axe union controls

Federal Education Minister Simon Birmingham has urged universities to follow the lead of Murdoch University in axing long-standing academic union work restrictions to help absorb proposed higher education budget cuts that vice-chancellors called on him to abandon. The Fin

 

CBS deal values free-to-air broadcaster above $500m

CBS’ shock bid for Network Ten, which gazumped Lachlan Murdoch and Bruce Gordon, values the free-to-air broadcaster at $500 million at least. The Fin

 

Silvergrass mine will buff up Rio’s iron ore credentials, Jacques says

Rio Tinto chief executive JS Jacques says the new Silvergrass mine in Western Australia will cement the miner’s place as a high-margin iron ore producer and help meet Chinese demand for quality ore. The Fin

 

WA should host space agency: Libs

Australia should have a space agency and WA should be its home, according to Liberal senator Linda Reynolds and State Opposition Leader Mike Nahan. The West

 

Morrison puts $31bn price on Labor tax

Scott Morrison has accused Labor of exploiting worries about low wage growth to justify its “socialist agenda” that he claimed would amount to a $31 billion extra annual tax burden on the economy and threaten Australia’s standard of living. The Aus

 

Quadrant back on the menu for asset-hungry Santos

Deal activity is ramping up in the oil and gas space, with some analysts betting Santos has shaken off its woes and now be on the hunt for acquisitions, potentially targeting Quadrant Energy. The Aus

 

The Australian Financial Review

Page 1: Telstra has been forced to junk plans to pay down debt by $1 billion and conduct $3 billion in share buybacks after NBN rebuffed its proposal to securitise its long-term payments from the builder of the national broadband network.

Federal Education Minister Simon Birmingham has urged universities to follow the lead of Murdoch University in axing long-standing academic union work restrictions to help absorb proposed higher education budget cuts that vice-chancellors called on him to abandon.

P3: Energy retailers have agreed to write to more than 2 million customers on the highest electricity tariff by Christmas to help them switch to a discounted contract as well as move to monthly bills, as part of an agreement with the Turnbull government on Wednesday.

Treasurer Scott Morrison is modifying expectations ahead of next week’s June quarter national accounts, warning that a growing raft of positive indicators from business profits to jobs and exports may be undermined by factors such as softer household spending and weather disruptions.

P6: President Donald Trump is considering tapping one of the US defence force’s biggest China hawks to be the next Ambassador to Australia, a potential personnel move that would send an assertive message to the United States’ rising rival Beijing.

P13: CBS’ shock bid for Network Ten, which gazumped Lachlan Murdoch and Bruce Gordon, values the free-to-air broadcaster at $500 million at least.

P15: Rio Tinto chief executive JS Jacques says the new Silvergrass mine in Western Australia will cement the miner’s place as a high-margin iron ore producer and help meet Chinese demand for quality ore.

The Australian

Page 1: Student teachers will need to prove hands-on competence in the classroom before they can graduate from next year, as part of a game-changing assessment designed to lift the nation’s education standards.

Scott Morrison has accused Labor of exploiting worries about low wage growth to justify its “socialist agenda” that he claimed would amount to a $31 billion extra annual tax burden on the economy and threaten Australia’s standard of living.

P2: Fury over Western Australia’s low share of the GST has sparked renewed secessionist sentiment, with a controversial “Waxit” motion to be debated at this weekend’s Liberal Party state conference in the presence of Malcolm Turnbull.

P4: Former ACTU president Martin Ferguson has accused the ALP and unions of “hypocrisy and dishonesty” for opposing Fair Work Commission cuts to penalty rates while unions did deals with big employers to cut Sunday rates in return for higher base pay.

P7: Clive Palmer has failed in an extraordinary bid to have a Supreme Court judge disqualified from hearing a $US16 million legal fight, after alleging judges across Australia have been secretly communicating about him.

P17: NBN Co has slammed the door shut on Telstra’s shareholders getting their hands on up to $5.5 billion after it summarily rejected the telco’s bid to fast-forward the delivery of a portion of its NBN payments.

P18: Deal activity is ramping up in the oil and gas space, with some analysts betting Santos has shaken off its woes and now be on the hunt for acquisitions, potentially targeting Quadrant Energy.

 

The West Australian

Page 7: The Liberal Party faces an internal push to examine if WA should secede from the Commonwealth, with a motion for a special “WAxit” committee to be debated at the party’s annual conference in Perth this weekend.

A republic of WA might deliver the State a GST windfall — but would come at a huge financial cost that could send the nascent nation even further into the red.

P12: The Chamber of Commerce and Industry WA has called on Federal Liberal MPs to immediately push for a change to the GST system ahead of the party’s State conference at the weekend.

Liberal Party member Simon Ehrenfeld, who is nominating to become vice-president of the party’s WA division this weekend, is facing allegations that he gave false information to the Australian Electoral Commission.

P13: Australia should have a space agency and WA should be its home, according to Liberal senator Linda Reynolds and State Opposition Leader Mike Nahan.

P14: Derryn Hinch faces a High Court fight to save his political career after the self-styled “human headline” admitted links to the US that could disqualify him from the Senate.

P18: Premier Mark McGowan, Treasurer Ben Wyatt and Transport Minister Rita Saffioti have pushed back against a WA Labor factional power play demanding a rethink of the promised new outer harbour at Kwinana.

P49: Speculation is mounting that the cash-strapped State Government is set to whack WA’s gold mining industry with a royalty hike in next week’s State Budget.

Bankwest has thrown its hat into the ring for the multimillion-dollar naming rights to Perth Stadium.

The volume chase in the WA iron ore game is over, it’s all about grade and quality.

P50: Independence Group boss Peter Bradford has promised a big turnaround in the diversified miner’s fortunes this financial year after it swung from a $59 million loss to a $17 million profit in 2016-17.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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