28/09/2017 - 06:45

Morning Headlines

28/09/2017 - 06:45

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Morning Headlines

Public servants threat to follow police claim

The public sector union says it will tear up the pay offer it is about to put to members and go after the State Government for more money if Premier Mark McGowan caves in to police. The West

 

Fortescue mulls move into gold, copper, energy

Fortescue Metals Group is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, chief executive Nev Power said in China on Wednesday. The Fin

 

WACA looks to $25m land sale for revamp

Three parcels of land at the WACA Ground will be sold to raise $25 million to help fund its redevelopment as a boutique cricket oval. The West

 

Seven hit by flak over cadet sacking

Federal Education Minister Simon Birmingham said yesterday the Seven Network had suffered “immense reputation damage” when an audio recording of a human relations executive suspending a news cadet was made public. The Aus

 

Alinta fights for pole position

Alinta Energy has claimed it would save big electricity customers more than $200 million over 10 years if the emerging power provider was granted access to Horizon Power’s Pilbara network. The West

 

Company rate 20pc as Trump unveils huge tax cuts

US President Donald Trump and senior Republicans have settled on a bold and expensive tax cut plan to boost America’s international competitiveness that aims to slash the corporate rate to 20 per cent, offer full deductibility of business investment and eliminate the taxation of foreign profits. The Fin

 

Lew takes his Myer fight to the AGM

Veteran retailer Solomon Lew is taking his fight for board and management change at Myer to the annual meeting, where Mr Lew’s Premier Investments is expected to vote against the reelection of chairman Paul McClintock. The Fin

 

PM’s ‘agile’ agenda fails auditor test

A damning Auditor-General’s report has questioned the economic impact, policy basis and preparation of the Turnbull government’s centrepiece election policy: a $1.1 billion innovation fund that promised to transform the economy. The Aus

 

AGL digs in over Liddell closure

New AGL Energy chairman Graeme Hunt has dispelled any notions he will cede to Malcolm Turnbull’s call to extend the life of the Liddell black coal power station in the Hunter Valley, saying a non-coal plan to cover the lost capacity is expected to be delivered to the Prime Minister in the next three months. The Aus

 

The Australian Financial Review

Page 1: The Turnbull government has refused to accept AGL Energy’s plan to replace the ageing Liddell coal power station with clean energy after the company laid out its case for the switch to shareholders in strong and detailed terms.

The states will come under increasing pressure to lift bans on gas development and ease prices, after a commitment was secured from exporters to guarantee domestic supply for the next two years at least.

US President Donald Trump and senior Republicans have settled on a bold and expensive tax cut plan to boost America’s international competitiveness that aims to slash the corporate rate to 20 per cent, offer full deductibility of business investment and eliminate the taxation of foreign profits.

P3: Australia’s population recorded its fastest rise in nine years – including the biggest surge of migrants into Sydney and Melbourne since 2009 – underpinning increased demand for infrastructure and housing.

P5: Santos chief executive Kevin Gallagher says the company is still committed to its controversial $3.6 billion Narrabri gas project in north-west NSW, despite it being expected to be held up in the regulatory process for the next few years.

P15: Veteran retailer Solomon Lew is taking his fight for board and management change at Myer to the annual meeting, where Mr Lew’s Premier Investments is expected to vote against the reelection of chairman Paul McClintock.
P19: Fortescue Metals Group is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, chief executive Nev Power said in China on Wednesday.

 

The Australian

Page 1: A damning Auditor-General’s report has questioned the economic impact, policy basis and preparation of the Turnbull government’s centrepiece election policy: a $1.1 billion innovation fund that promised to transform the economy.

The nation’s giant gas exporters have pledged to fix an “emergency” shortfall that threatens to drive up prices and shut down factories, clearing the ground for a formal agreement next week that will keep legal sanctions hanging over the companies.

P2: Australia would have no way of stopping an intrusion by a major power if the government did not invest in modified off-the-shelf submarines, a defence expert warned as debate over the nation’s submarine capability reignites.

P3: Federal Education Minister Simon Birmingham said yesterday the Seven Network had suffered “immense reputation damage” when an audio recording of a human relations executive suspending a news cadet was made public.

P5: Reeling from an aviation training bungle, South Australia’s public vocational colleges now risk losing the right to teach a bundle of trade and health courses.

P17: New AGL Energy chairman Graeme Hunt has dispelled any notions he will cede to Malcolm Turnbull’s call to extend the life of the Liddell black coal power station in the Hunter Valley, saying a non-coal plan to cover the lost capacity is expected to be delivered to the Prime Minister in the next three months.

P19: Telstra shares have plunged to a fresh five-year low amid a broader market sell-off and lingering concerns about the company’s dividend outlook.

Legune Station lies on the far north coast of the Northern Territory, perched just east of the West Australian border, where the black clay flats between the legendary Victoria and Keep river estuaries sprawl.

P21: Ord Minnett chief executive Tim Gunning is upbeat on the prospect for IPOs in the coming year, particularly at the smaller end of the market, and is hopeful the stockbroker may get a piece of the action if Commonwealth Bank spins off its wealth management arm.

 

The West Australian

Page 1: Relations between the WA Government and the State’s powerful police union are in tatters after the union’s boss warned that the “sky’s the limit” for its pay demands and the Premier accused him of going “rogue”.

P4: The public sector union says it will tear up the pay offer it is about to put to members and go after the State Government for more money if Premier Mark McGowan caves in to police.

P7: Three parcels of land at the WACA Ground will be sold to raise $25 million to help fund its redevelopment as a boutique cricket oval.

P9: West Coast say they are “bitterly disappointed” after they were overlooked for an AFL Women’s team for 2019.

P12: WA is getting outfoxed and outbid for lucrative events, advertising and airline contracts by “lean, mean, commercial marketing machines” on the eastern seaboard, according to the State’s tourism lobby.
P16: Widespread drenching rains over the past fortnight will put hundreds of millions of extra dollars in the pockets of grain farmers, providing a welcome surge to what has been a rollercoaster growing season.

P18: As Bali’s Mt Agung volcano rumbled ominously yesterday and more than 96,000 people fled the area, Australian tourists said they would not rush home to beat an eruption.

P45: Alinta Energy has claimed it would save big electricity customers more than $200 million over 10 years if the emerging power provider was granted access to Horizon Power’s Pilbara network.

Billionaire Gina Rinehart has hailed investment in agri-tech as a pathway to prosperity and renewed calls for the McGowan Government to slash the onerous red tape which is hampering development of WA’s northern cattle industry.

The future of Empire Oil & Gas is in grave doubt after Mineral Resources demanded immediate repayment of a $15 million loan.

P46: Failed Ten Network bidders Bruce Gordon and Lachlan Murdoch may be analysing their own independent expert’s report ahead of making a decision on challenging the sale of Ten to CBS, a court has heard.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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