10/10/2017 - 06:45

Morning Headlines

10/10/2017 - 06:45

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Morning Headlines

Rinehart swoops on 171,000ha cattle station

Mining and agribusiness magnate Gina Rinehart’s Hancock Prospecting has swooped on the Willeroo Cattle Station, snapping up the pastoral property from its Indonesian owners as it looks to build up its operations. The Aus

$400m tax rise set to be rejected

WA Liberals are set to block the McGowan Government’s gold royalty increase and blow a $400 million hole in the State’s battered finances. The West

Councils escape pay freeze

Local government councillors and chief executives will be exempt from the State Government’s pay freeze after complications threatened to delay the policy’s full implementation, Premier Mark McGowan has revealed. The West

 

Forrest ruling wipes out mining lease applications

The West Australian government’s proposed legislative fix for miners affected by a High Court victory for Andrew Forrest will not cover mining lease applications in the pipeline. The Fin

 

We’re not the villains – LNG producers slam state gas bans

Santos strategy chief Angus Jaffray joined other gas producers in attacking state bans on gas exploration, saying that if current policies aren’t changed the nation risks having gas squeezed out of the energy market. The Fin

Battle ahead for Morrison on GST plan

Treasurer Scott Morrison faces a barrage of resistance from the states to a series of Productivity Commission proposals on the distribution of the goods and services tax that would strip as much as $3.6 billion a year from eastern states and funnel the money to Western Australia. The Fin

 

New powers to protect critical assets

Businesses and operators of critical infrastructure across the country — including water, electricity and ports — would be subject to federal government direction powers that require them to defend against spying from foreign agencies, terrorism and other national security risks, under proposed legislation. The Aus

Plea to keep clean energy target

Businesses have lashed out at the prospect of the government abandoning the clean energy target, warning it signalled the end of potential bipartisanship on energy policy and could leave Australia without a solution to the energy crisis. The Aus

Family bakery may rise again

The family behind failed Canning Vale baker Mias is working on a last-ditch proposal to thwart the recommended sale of the business to an unknown buyer at the cost of up to 100 jobs. The West

The Australian Financial Review

Page 1: Australia risks more energy policy paralysis and another election fought on climate change after the government signalled it was stepping away from a clean energy target, setting the scene for a new fight with Labor.

Santos strategy chief Angus Jaffray joined other gas producers in attacking state bans on gas exploration, saying that if current policies aren’t changed the nation risks having gas squeezed out of the energy market.

Treasurer Scott Morrison faces a barrage of resistance from the states to a series of Productivity Commission proposals on the distribution of the goods and services tax that would strip as much as $3.6 billion a year from eastern states and funnel the money to Western Australia.

P3: A West Australian silicon producer has warned of major ramifications for local manufacturers and exporters after being targeted by US authorities under the Trump administration’s protectionist trade policies.
AusPost says it has closed pay difference Australia Post has eliminated its gender pay gap, reducing the average pay difference between men and women to zero across the enterprise.

P6: The building industry watchdog is considering sanctions against Watpac and Probuild that could see the tier-one contractors banned from bidding for Commonwealth-funded construction work.

P7: ANZ and the nation’s peak body for valuers are fighting a battle over who owns the increasingly valuable information about the nation’s residential property market.
P9: The West Australian government’s proposed legislative fix for miners affected by a High Court victory for Andrew Forrest will not cover mining lease applications in the pipeline.

P13: Domino’s Pizza Enterprises chief executive Don Meij says there is room for improvement among the pizza chain’s franchisees as he defended their profitability amid growing investor concerns about the sustainability of the Australian business.

Rio Tinto shares may have risen to a 44-month high on Monday, but a growing number of short sellers are convinced the stock is over-valued.

The Australian

Page 1: Tony Abbott has doubled down on his scepticism of climate change science, reigniting a decade-old debate in a major speech in London after the Turnbull government moved yesterday to rule out proceeding with a clean energy target proposed by Chief Scientist Alan Finkel.

Businesses and operators of critical infrastructure across the country — including water, electricity and ports — would be subject to federal government direction powers that require them to defend against spying from foreign agencies, terrorism and other national security risks, under proposed legislation.

P2: The Liberal candidate set to replace Fiona Nash if the Nationals deputy leader is disqualified from federal parliament has no intention of giving up the NSW Senate seat.

P4: The states are set for a brawl over the GST carve-up after the Productivity Commission recommended changes that would penalise weaker states while boosting Western Australia’s coffers by as much as $3.6 billion this year.

P7: Queensland’s resources industry is threatening to campaign against the Palaszczuk government at the looming state election after proposed industrial manslaughter laws were extended to cover the sector.

P17: Businesses have lashed out at the prospect of the government abandoning the clean energy target, warning it signalled the end of potential bipartisanship on energy policy and could leave Australia without a solution to the energy crisis.

P19: Mining and agribusiness magnate Gina Rinehart’s Hancock Prospecting has swooped on the Willeroo Cattle Station, snapping up the pastoral property from its Indonesian owners as it looks to build up its operations.

The West Australian

Page 1: WA Liberals are set to block the McGowan Government’s gold royalty increase and blow a $400 million hole in the State’s battered finances.

P3: Local government councillors and chief executives will be exempt from the State Government’s pay freeze after complications threatened to delay the policy’s full implementation, Premier Mark McGowan has revealed.

P4: The State Government has appointed the man running its inquiry into financial waste and contracts under the previous government as the new chairman of the Rottnest Island Authority.

P6: Treasurer Scott Morrison has vowed to drive the Productivity Commission’s recommended overhaul of the GST and make it “a reality”, drawing battlelines with State leaders who have warned they will not accept any change to the GST formula that could see billions of extra dollars flow to WA.
P9: Bitter divisions within the City of Perth have played out on social media, with embattled Lord Mayor Lisa Scaffidi using a personal online profile to accuse a councillor of not telling the truth.

P12: Online criminals are targeting Australian power and water companies, Defence contracts and other “critical infrastructure” providers with increasingly sophisticated attacks, according to the Federal Government’s chief online security agency.

P16: Federal Energy Minister Josh Frydenberg has given the clearest indication yet that the Federal Government may support “clean coal” plants rather than push for greater adoption of renewables.

P49: The family behind failed Canning Vale baker Mias is working on a last-ditch proposal to thwart the recommended sale of the business to an unknown buyer at the cost of up to 100 jobs.

Dacian Gold’s Mt Morgans gold project near Laverton is running almost a month ahead of schedule after its Beresford underground development hit ore for the first time last week.

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