12/10/2017 - 06:42

Morning Headlines

12/10/2017 - 06:42

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Morning Headlines

Bank levy in play to plug gold tax gap

Premier Mark McGowan says his Government is giving “active” and “serious” consideration to introducing a bank tax after its $400 million gold royalty increase was torpedoed by the Liberal Party. The West

 

Sims slams NBN over ‘real’ pricing

Competition boss Rod Sims has questioned whether NBN has genuinely dealt with internet retailer complaints of the monopoly overcharging for fast speed broadband, less than three months after it initiated a review into a growing consumer backlash. The Fin

 

Woodside lays claim as Vic LNG supplier

Woodside Petroleum chief executive Peter Coleman has declared the company would be a ‘‘very competitive’’ supplier of LNG to AGL Energy’s proposed import terminal in Victoria, which could include shipping gas from other countries. The Fin

 

Westpac digs in heels over interest-only

Westpac has defended its high exposure to interest-only housing loans, with chief executive Brian Hartzer insisting his bank is comfortable with the risks linked to such loans, where borrowers face a sudden jump in repayments after several years. The Aus

 

Vigilance needed as CCC complaints spike

Allegations of serious misconduct by public officials increased 25 per cent last financial year, with the Corruption and Crime Commission receiving almost 5000 complaints. The West

 

Myer strives to defuse Lew brawl

Myer’s incoming chairman Garry Hounsell has put veteran retailerturned activist investor Solomon Lew on notice that he won’t allow any single shareholder to call the shots at the largest department store chain. The Fin

 

Limits loom on weekend rostering

Limits could be placed on the ability of employers to require employees to work on weekends to prevent them being left worse off under enterprise agreements that trade away penalty rates. The Aus

 

‘Domestic’ Australia-NZ flights to drive capacity

Making travel between Australia and New Zealand more like domestic travel could spur business traffic, says Qantas Group chief executive Alan Joyce. The Aus

 

Pastoralists demand carbon farm action

Pastoralists have accused the Pastoral Lands Board of dismissing a call to back a $60 billion carbon farming industry in WA. The West

 

The Australian Financial Review

Page 1: Competition boss Rod Sims has questioned whether NBN has genuinely dealt with internet retailer complaints of the monopoly overcharging for fast speed broadband, less than three months after it initiated a review into a growing consumer backlash.

Woodside Petroleum chief executive Peter Coleman has declared the company would be a ‘‘very competitive’’ supplier of LNG to AGL Energy’s proposed import terminal in Victoria, which could include shipping gas from other countries.

P3: Unions have not ruled out taking the Fair Work Commission’s cuts to penalty rates to the High Court as the Federal Court rejected their appeal in a judgment handed down yesterday.

P4: Australia’s middle classes – already battered by rising energy costs and debt burdens – will be heavily hit by the Senate’s failure to wrestle control of spending, with around 1.6 million taxpayers confronting surging tax bills in the next four years.

P5: Labor leader Bill Shorten has urged employers to give workers a pay rise, warning the creeping Americanisation of the labour market was damaging the economy as much as it was driving inequality.

P7: The federal government intends to spread the burden of emissions reduction beyond the electricity industry to help meet climate targets while keeping pressure off power prices.

P15: Myer’s incoming chairman Garry Hounsell has put veteran retailerturned activist investor Solomon Lew on notice that he won’t allow any single shareholder to call the shots at the largest department store chain.

P17: Kerry Stokes has emerged as one of the frontrunners to take control of a vast pastoral lease that covers key Rio Tinto mines in the heart of the Pilbara.

 

The Australian

Page 1: Taxpayers are forking out more than $130,000 a day on barristers as the government fights to save the political career of Deputy Prime Minister Barnaby Joyce and four other MPs, with legal fees for the High Court hearings expected to exceed $2 million.

One Nation plans to direct preferences against all sitting MPs at the looming Queensland election after Pauline Hanson’s key adviser admitted that the party had blundered by trading votes with the West Australian Liberals in March.

P2: Queensland Education department boss Jim Watterston has quit to take up a university post before a bitter spat with indigenous leader Noel Pearson could be adjudicated by the state’s Crime and Corruption Commission.

P3: Limits could be placed on the ability of employers to require employees to work on weekends to prevent them being left worse off under enterprise agreements that trade away penalty rates.

P8: A revolt by crossbenchers and the mining sector has forced Queensland’s Labor government to dump a plan to extend proposed industrial manslaughter laws to the resources industry.

P17: Westpac has defended its high exposure to interest-only housing loans, with chief executive Brian Hartzer insisting his bank is comfortable with the risks linked to such loans, where borrowers face a sudden jump in repayments after several years.

P19: The corporate regulator has dismissed Labor’s call to investigate Lottoland, arguing it is an issue for state gaming regulators, as another state government moves against the online wagering company.

Making travel between Australia and New Zealand more like domestic travel could spur business traffic, says Qantas Group chief executive Alan Joyce.

 

The West Australian

Page 4: Premier Mark McGowan says his Government is giving “active” and “serious” consideration to introducing a bank tax after its $400 million gold royalty increase was torpedoed by the Liberal Party.

P5: Treasurer Scott Morrison and Finance Minister Mathias Cormann have talked up the potential for the Federal Government to change GST sharing arrangements as they seize on divisions within Labor to accuse the Opposition of being “out of touch” with WA’s concerns.

A union rally where one man was arrested held up morning commuters yesterday as hundreds of people took to the streets as part of a national day of action.

P9: Allegations of serious misconduct by public officials increased 25 per cent last financial year, with the Corruption and Crime Commission receiving almost 5000 complaints.

P12: Continuing political instability would reign if Deputy Prime Minister Barnaby Joyce remained in Parliament because he did not know he was a dual citizen, the High Court has been told.

P16: Former high-flying Perth property developer Hossean Pourzand has admitted to his part in the arson of a Welshpool office building and an attempted $20 million insurance fraud as a result of the blaze.
P18: A senior adviser to Police Minister Michelle Roberts has fallen foul of the Department of Premier and Cabinet’s integrity protocols for failing to keep her day job separate from a political tilt at council.

P46: WA’s former economic watchdog Lyndon Rowe will step down as chairman of State-owned utility Synergy after being overlooked for reappointment by the McGowan Government.

Pastoralists have accused the Pastoral Lands Board of dismissing a call to back a $60 billion carbon farming industry in WA.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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