09/10/2017 - 06:46

Morning Headlines

09/10/2017 - 06:46

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Morning Headlines

Plan for reboot of GST carve-up

The nation’s key economic adviser will call for reform of GST payments to the states and territories in a report to be released today that finds the current arrangements are a drag on the economy by discouraging premiers to embark on tax reform of their own. The Aus

 

Aussie firm wins deal for new boats

Australia’s shipbuilding industry is set for a significant boost with Western Australia-based Austal winning two major contracts with Spain and the US. The Aus

 

Lib urges party to vote down cash grab

The only Liberal to gain a seat in the March election has pleaded with party colleagues to vote down the State Government’s gold royalty increase at a meeting tomorrow. The West

 

Rethink on clean energy target

The Turnbull government is rethinking the need to adopt a clean energy target, believing the rapidly falling cost of renewable energy means there may no longer be a requirement for subsidies. The Fin

 

Xenophon the end for SA bank tax

Senator Nick Xenophon’s return to South Australian politics is poised to drive a final nail in the coffin of the controversial bank tax. The Fin

 

Trump tariffs hit WA manufacturer

The Trump administration’s protectionist trade policies have hit Australia for the first time, with the US unveiling a 21 per cent tariff on silicon metal sold by a West Australian manufacturing company. The Fin

 

REA, NAB join forces

A world-first tech partnership between realestate.com.au and National Australia Bank will mean home buyers can search property and get a home loan in a single process, starting today. The Aus

 

CITIC bridges FIFO disconnect

CITIC Pacific Mining is doing its bit to bridge the disconnect between its fly-in fly-out workers and their families. The West

 

Batteries set to cut power of utilities

Almost two-thirds of WA households would be keen to install batteries on their homes to store excess power from solar panels, highlighting the threat posed by new technology to traditional utilities. The West

 

The Australian Financial Review

Page 1: The Turnbull government is rethinking the need to adopt a clean energy target, believing the rapidly falling cost of renewable energy means there may no longer be a requirement for subsidies.

P3: Senator Nick Xenophon’s return to South Australian politics is poised to drive a final nail in the coffin of the controversial bank tax.

P4: The Turnbull government is torn over whether the National Electricity Market in the eastern states can absorb as much as 42 per cent renewable energy by 2030, but regional Western Australian utility Horizon Energy has no such qualms.

P7: Insurance law firm Wotton + Kearney is the latest to expand its reach, integrating the New Zealand offices of DAC Beachcroft from Monday.

P11: The Trump administration’s protectionist trade policies have hit Australia for the first time, with the US unveiling a 21 per cent tariff on silicon metal sold by a West Australian manufacturing company.

P13: The founders of financial planning platform Netwealth predict artificial intelligence and data mining will lead innovation in the fast-growing platform market, ahead of an expected $900 million sharemarket listing of the family company this year, which could catapult its founders onto the Financial Review Rich List.

P15: Private equity firms are looking at new ways to win over more Australian listed targets, while many are also considering longer investment horizons to attract a broader range of investors.

Newcrest Mining chief executive Sandeep Biswas says the gold miner is examining whether a solar farm could be installed at its flagship Cadia mine in NSW to help insulate the operation from soaring electricity prices.

 

The Australian

Page 1: The nation’s key economic adviser will call for reform of GST payments to the states and territories in a report to be released today that finds the current arrangements are a drag on the economy by discouraging premiers to embark on tax reform of their own.

NSW Premier Gladys Berejiklian will move this week to overturn a court decision blocking a major underground coalmine that threatened the future of one of the state’s largest power stations, in a bid to avert an even greater national electricity price crisis.

P3: The largest private provider of aged care in the country will cut its nurse management workforce in half by merging two distinct roles into one, according to a plan disclosed in an internal memo sent to staff.

P4: Victoria’s available gas supplies will almost halve in the next four years as the Turnbull government yesterday hit back at Premier Daniel Andrews’ claims that his state does not have a gas supply problem.

P5: Australia’s shipbuilding industry is set for a significant boost with Western Australia-based Austal Ltd winning two major contracts with Spain and the US.

P6: Malcolm Turnbull has lost more ground with voters across regional Australia in a danger sign for his government in key marginal seats, with a new analysis showing core support for the Coalition has fallen from 44 to 34 per cent in the regions since last year’s federal election.

P17: Health insurance giant Medibank is beefing up its push for more home care with a $4 million investment in knee and hip rehabilitation, to shift patients out of the expensive hospital setting.

P19: A world-first tech partnership between realestate.com.au and National Australia Bank will mean home buyers can search property and get a home loan in a single process, starting today.

 

The West Australian

Page 1: The GST carve-up system is broken, the Productivity Commission has found in a report that calls for an overhaul that would have delivered WA more than $3.5 billion in extra cash this year.

P4: The only Liberal to gain a seat in the March election has pleaded with party colleagues to vote down the State Government’s gold royalty increase at a meeting tomorrow.

P6: Thousands of seniors who were hit hard by changes to the age pension assets test this year will have their Pension Concession Cards reinstated from today.
P9: A former law firm worker who was “living beyond her means” when she siphoned more than $370,000 from her employer has been jailed for three years over the “gross abuse of trust”.

P11: Perth’s rail-tunnel borer has completed the first 500m in a two-year operation to build the $1.8 billion underground train line between Forrestfield, the airport and Bayswater.

P13: Senate powerbroker Nick Xenophon says he will continue to have his say on Federal legislation as he chases a seat in South Australia’s Parliament.

P15: Almost two-thirds of WA households would be keen to install batteries on their homes to store excess power from solar panels, highlighting the threat posed by new technology to traditional utilities.

P18: University of WA researchers who played a vital role in the detection of gravitational waves are among an international team of physicists acclaimed for their contribution to the discovery that won this year’s Nobel Prize for Physics.
P48: The WA-based micro, or payday, lender and pawn broking chain has had a tough few years, what with class actions by borrowers, a regulatory clampdown and relentless criticism from consumer advocates.

P49: CITIC Pacific Mining is doing its bit to bridge the disconnect between its fly-in fly-out workers and their families.

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