05/10/2017 - 06:43

Morning Headlines

05/10/2017 - 06:43

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Morning Headlines

Lib split on gold

Pressure is mounting on Opposition Leader Mike Nahan to decide where he stands on the State Government’s gold royalty increase after his deputy Liza Harvey said she was “irritated” by the time her party was taking to arrive at a position. The West

 

Quintis taken to court over ‘unpaid’ invoice

Sandalwood group Quintis faces another legal action, this time from its seedling supplier as part of a dispute that pre-dates its stoush with US hedge fund Glaucus. The Fin

 

Berejiklian to reap $10bn sell-off bonanza

NSW Premier Gladys Berejiklian is set to reap more than $10 billion from another wave of sell-offs: $5bn from privatising half of the WestConnex Sydney motorway and $5bn-$6bn from selling the state’s interest in the Snowy hydro scheme to the federal government. The Aus

 

WA faces big doctor shortage

WA faces a shortage of 1450 doctors within the next eight years, including critical shortfalls in 18 specialist areas such as obstetrics and radiation oncology, according to estimates. The West

 

Union boss claims tax hike will cost miners ‘bugger all’

The Australian Manufacturing Workers Union has shrugged off predictions that the gold tax hike will cost 3000 jobs, yesterday supporting the State Government’s so-called Budget repair measure. The West

 

Air traffic glitches hit flight times

Pilots have called for a new national air traffic control system to be introduced as soon as possible, as software bugs exacerbate delays and cancellations caused by technical problems, wild weather and flight restrictions at Australia’s busiest airport. The Fin

 

Gas still won’t be cheap after deal

Industrial gas users can still expect to pay about double recent prices for gas as a result of Tuesday’s deal between the Prime Minister and the Queensland LNG industry but it may be much more, according to energy analysts who are warning of the perils of linking east coast prices with Asian LNG prices. The Fin

 

Workers’ safety net tightened

Dodgy company directors will be punished for recklessly forcing taxpayers to cover their workers’ redundancy entitlements, under reforms to the federal safety-net that shelled out $70 million to Clive Palmer’s Queensland Nickel employees. The Aus

 

Anglo keen to bulk up on coal

Anglo-American chief executive Mark Cutifani says the big miner is looking to invest more money into its top-tier Queensland coking coal mines and may look at adding new local operations, after a resurgent coal price allowed the company to avoid selling them last year to pay down debt. The Aus

 

The Australian Financial Review

Page 1: Pilots have called for a new national air traffic control system to be introduced as soon as possible, as software bugs exacerbate delays and cancellations caused by technical problems, wild weather and flight restrictions at Australia’s busiest airport.

As NSW premier, Mike Baird learnt about the power of social media in a very personal way. The bullying of his children over policies he embraced in government affected him deeply, contributed to his decision to quit politics.

P3: The Fair Work Ombudsman has started prosecuting underpayment of foreign visa workers as racial discrimination cases, opening employers up to unlimited damages.

P4: Industrial gas users can still expect to pay about double recent prices for gas as a result of Tuesday’s deal between the Prime Minister and the Queensland LNG industry but it may be much more, according to energy analysts who are warning of the perils of linking east coast prices with Asian LNG prices.

P8: Federal police will soon be able to instantly identify anyone walking into a shopping centre, sporting stadium, airport or other public space, after the states indicated they would hand over driver licence photos to establish a beefed-up national facial recognition system.

P10: There is a tendency to be excessively nervous about China in Australia, says former foreign minister Gareth Evans, who has endorsed Labor’s proposal to jointly fund infrastructure ventures in Australia’s north under Beijing’s Belt and Road initiative.

P17: Anglo American chief executive Mark Cutifani has urged the government to set a 30-year energy strategy for the nation, adding that China’s plans to introduce an emissions trading scheme had ‘‘changed the debate’’.

Discretionary retailers grappling with Amazon’s imminent arrival aren’t the only retailers facing share price pressure.

P20: Sandalwood group Quintis faces another legal action, this time from its seedling supplier as part of a dispute that pre-dates its stoush with US hedge fund Glaucus.

 

The Australian

Page 1: NSW Premier Gladys Berejiklian is set to reap more than $10 billion from another wave of sell-offs: $5bn from privatising half of the WestConnex Sydney motorway and $5bn-$6bn from selling the state’s interest in the Snowy hydro scheme to the federal government.

P3: Australia’s $3 billion wool export industry faces a nervous wait to discover the full extent of the wool substitution scam revealed yesterday in Melbourne by police.

P4: Dodgy company directors will be punished for recklessly forcing taxpayers to cover their workers’ redundancy entitlements, under reforms to the federal safety-net that shelled out $70 million to Clive Palmer’s Queensland Nickel employees.

P5: Developers will be banned from making donations to council and state political candidates in Queensland following a scathing report by the corruption watchdog into last year’s local government elections.

P17: Anglo-American chief executive Mark Cutifani says the big miner is looking to invest more money into its top-tier Queensland coking coal mines and may look at adding new local operations, after a resurgent coal price allowed the company to avoid selling them last year to pay down debt.

Newcrest Mining chief executive Sandeep Biswas says a controversial plan to increase gold royalties in Western Australia has put the company’s Telfer mine at “serious risk” as he rubbished a claim by Premier Mark McGowan that the move would not cost a single job.

P19: Myer shareholders and analysts will be looking for an update on the department store’s “New Myer” strategy when chief executive Richard Umbers fronts investors at a strategy day on November 1, which will also set the scene for further possible skirmishes between the Myer board and major shareholder Solomon Lew.

P20: Toll Holdings is to announce the first Australian director to be appointed to its board since owner Japan Post asserted control of the group, after it reported an annual loss of $1.43 billion last year, driven by writedowns across its transport and logistics businesses.

 

The West Australian

Page 1: Pressure is mounting on Opposition Leader Mike Nahan to decide where he stands on the State Government’s gold royalty increase after his deputy Liza Harvey said she was “irritated” by the time her party was taking to arrive at a position.

P3: WA faces a shortage of 1450 doctors within the next eight years, including critical shortfalls in 18 specialist areas such as obstetrics and radiation oncology, according to estimates.

P12: The Federal Government’s plans to beef up Australia’s defence industry risk being derailed by States splashing cash to lure contractors from their rivals, according to WA’s Defence Issues Minister Paul Papalia.

P15: The WA Police Union threatened to “review” the membership of some officers who allegedly failed to support its divisive industrial action last week.
P16: Public sector pay deals due to be negotiated by the State Government before the end of this year are critical to the viability of its new wages policy, data has revealed.

P46: Heavy hitters from some of WA’s biggest gold miners and contractors gathered in Perth yesterday to present a united front against the Labor Government’s proposed gold royalty increase.
A queue of high-powered executives eloquently made their case against the Government’s proposed gold royalty hike yesterday but none was as persuasive as the plain-speaking boss of local family-owned drilling outfit, Wallis Drilling.

The Australian Manufacturing Workers Union has shrugged off predictions that the gold tax hike will cost 3000 jobs, yesterday supporting the State Government’s so-called Budget repair measure.

P47: Underperforming superannuation funds are getting bigger and fatter according to the latest analysis of Australia’s “fat cat” fund managers.

Dutch shipbuilder Damen has extended its partnership with the defence arm of Civmec, cutting a deal to build a Pilbarabound dredging platform in Henderson.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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