12/09/2017 - 06:46

Morning Headlines

12/09/2017 - 06:46

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Morning Headlines

Legal fight will not put a stop to Tianqi plan

A looming legal dispute will not affect plans by China’s Tianqi Lithium to expand its Greenbushes mine or double the capacity of a proposed processing plant at Kwinana, according to the company’s Australian general manager. The West

 

Gold miners ramp up royalty rate hike angst

West Australian Treasurer Ben Wyatt has opened the door to negotiations on the government’s proposed gold royalty rate hike after meeting with aggrieved miners in the state’s gold capital Kalgoorlie. The Fin

 

Health insurers plan cheap policies for youth

Health funds are examining offering customers discounted premiums for life as an incentive to take out cover in their 20s in a bid to arrest plummeting rates of membership. The Fin

Cook’s new time frame for hospital

WA Health Minister Roger Cook has revealed that a time line for the opening of the beleaguered Perth Children’s Hospital will be clear by November, exactly two years after the facility was expected to open. The West

 

Unions got $27m from Labor and Shorten

Labor gave more than $27 million in taxpayer funds to unions over four years in government, mostly to support unions performing their core activities. The Fin

Turnbull’s power deal with AGL

Malcolm Turnbull has struck a deal with power giant AGL to prevent a looming energy shortage by extending the life of a vital coal-fired power station for five years, unless the company drafts a plan within 90 days to install new generators to take its place. The Aus

Earlier loan repayment levels to HELP avoid loss of $2.2bn

The federal government’s higher education changes forcing university students to begin repaying their taxpayer-funded loans as soon as they start earning $42,000 a year would stop an extra $2.2 billion in new student loans being written off over four years. The Aus

Fresh approach as 7-Eleven cleans up its act

The nation’s largest convenience store chain 7-Eleven wants to reshape its image as more than just a pit-stop for Slurpees and chocolate, and is making a concerted push into the fresh food category as consumers reach for bottled water and sushi instead of a Coke and a meat pie. The Aus

‘Windfall’ a spur to cut water bills

The State Government is coming under pressure to ease water prices after figures showed the Water Corporation was spinning off billion dollar returns to State coffers. The West

The Australian Financial Review

Page 1: More borrowers are overestimating their incomes and underestimating their expenses when applying for a mortgage, swelling the value of socalled ‘‘liar loans’’ to $500 billion, according to a survey conducted by investment bank UBS.

AGL Energy has asked the government for 90 days’ reprieve so it can prepare a plan in which it would replace the lost electricity generation caused by the closure of the Liddell power station in NSW, rather than keep it open or sell it.

P3: Health funds are examining offering customers discounted premiums for life as an incentive to take out cover in their 20s in a bid to arrest plummeting rates of membership.

P4: The Turnbull government is under renewed pressure from some conservative MPs to use the $5 billion Northern Australia Infrastructure Facility to help bankroll either a new coal-fired power plant or upgrade existing coalfired power stations in the country’s far north.

P5: Labor gave more than $27 million in taxpayer funds to unions over four years in government, mostly to support unions performing their core activities.

P9: ANZ Banking Group and other property lenders are easing back into lucrative interest-only loans because a dip in the number of investors is lowering pressure on strict regulatory caps and creating new opportunities to build market share during peak spring buying season.

P13: West Australian Treasurer Ben Wyatt has opened the door to negotiations on the government’s proposed gold royalty rate hike after meeting with aggrieved miners in the state’s gold capital Kalgoorlie.

The Australian

Page 1: Malcolm Turnbull has struck a deal with power giant AGL to prevent a looming energy shortage by extending the life of a vital coal-fired power station for five years, unless the company drafts a plan within 90 days to install new generators to take its place.

P3: A Newcastle accountant who fleeced his unknowing clients of more than $10 million in a Ponzi scheme before he died of a ‘‘stab wound to the heart’’ had been previously disciplined and given five year bans by financial regulatory authorities.
P4: The federal government’s higher education changes forcing university students to begin repaying their taxpayer-funded loans as soon as they start earning $42,000 a year would stop an extra $2.2 billion in new student loans being written off over four years.

P6: Unions risk being denied $25 million a year under proposed Coalition laws that impose tight regulatory controls on worker entitlement funds, seek to weaken the financial position of unions and reduce their capacity to make donations to the Labor Party.

Health Minister Greg Hunt has demanded the South Australian government provide an “acceptable” business case and explain the evaluation process for a proton beam therapy unit, backed by $68 million of federal money, planned for its flagship medical research centre.

P7: West Australian Treasurer Ben Wyatt is refusing to bow to demands by the mining industry that he abandon or water down a $400 million push to increase gold royalties, claiming the “reasonable” move is needed to help fix the state’s finances.

P17: AGL Energy chief executive Andy Vesey says building coal-fired power stations is no longer “economically rational”, committing to deliver a coal-free plan to avoid a market shortfall when AGL closes the Liddell coal-fired power station in NSW in 2022.

The nation’s largest convenience store chain 7-Eleven wants to reshape its image as more than just a pit-stop for Slurpees and chocolate, and is making a concerted push into the fresh food category as consumers reach for bottled water and sushi instead of a Coke and a meat pie.

P19: Global construction and development giant Lendlease has got the jump on local players trying to enter the build-to-rent sector and is close to striking a deal to secure £1 billion ($1.64bn) worth of finance from the Canada Pension Plan Investment Board for its schemes in Britain.

The West Australian

Page 4: The State Government is coming under pressure to ease water prices after figures showed the Water Corporation was spinning off billion dollar returns to State coffers.

P7: Cooper Oreo jumped up and hugged his father, Xzarliah Yarran started screaming and Pat Cambridge punched the air.

P10: Hurricane Irma smashed through Florida yesterday, turning city streets into fierce rivers, knocking down homes and killing at least three people.

WA Health Minister Roger Cook has revealed that a time line for the opening of the beleaguered Perth Children’s Hospital will be clear by November, exactly two years after the facility was expected to open.

P11: MPs have voted to extend their immunity from the Corruption and Crime Commission after Liberal and Nationals MPs rejected Government attempts to make them as accountable as other public officers.

P45: A looming legal dispute will not affect plans by China’s Tianqi Lithium to expand its Greenbushes mine or double the capacity of a proposed processing plant at Kwinana, according to the company’s Australian general manager.

A defiant Treasurer Ben Wyatt has stared down critics of the McGowan Government’s gold royalty hike, emerging from a meeting in Kalgoorlie yesterday to reaffirm his commitment to the policy.

The administrators of the Ten Network say media mogul Bruce Gordon is putting jobs in jeopardy by challenging US media giant CBS’s takeover of the troubled broadcaster.

P46: Kidman Resources is expected to confirm today a joint venture agreement with Chile’s SQM for its Mt Holland lithium project near Southern Cross. 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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