16/10/2017 - 06:48

Morning Headlines

16/10/2017 - 06:48

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Morning Headlines

MRA gives nod to REX plan for Elizabeth Quay

The Metropolitan Redevelopment Authority is understood to have given informal early approval to Brookfield’s cuttingedge $650 million, two-tower Elizabeth Quay plan, to include Perth’s tallest building. The West

 

Insurance boss puts dent in WA’s debt

There was a business breakfast last month, soon after Ben Wyatt had delivered his first budget since the Labor government’s rise to power in Western Australia. The Fin

 

Land register sale ‘on table’

Privatising WA’s land title registry was “on the table” because of the hostile parliamentary reception to key Budget measures and low GST receipts, Premier Mark McGowan said yesterday. The West

 

Kaufland ramps up growth plan

German supermarket giant Kaufland has unveiled ambitious plans for when it invades Australia’s grocery sector. The Aus

 

Sims: market power drives energy costs

The competition watchdog has flagged government measures to clip the market power of the big three energy companies, suggesting their rising shares of the retail and generation markets are fuelling electricity price rises and helping them get around regulation designed to protect consumers. The Fin

 

Business in new push to cut corporate taxes

Big business will step up its campaign to extend corporate tax cuts to all businesses this week with a campaign to persuade non-Coalition politicians to stop Australia being left behind as one of the highest taxing developed countries. The Fin

 

Bill shock: PM warned on energy

Malcolm Turnbull faces a crucial cabinet debate today with a new warning from voters against schemes that pass hidden power costs on to households, with almost 60 per cent of Australians saying they will not pay a cent more for clean energy policies. The Aus

 

Cheaper housing, longer leases: Mirvac eyes demand for build-to-rent units

The head of one of Australia’s largest property groups says developers must be ready to build apartments to be rented rather than sold, to provide affordable housing for the nation’s rapidly expanding cities. The Aus

 

Fine defaulters face welfare cut: Quigley

The money owed by West Australians in unpaid fines has topped $400 million for the first time — prompting the Labor Government to seriously consider adopting the hardline approach of docking welfare payments of defaulters. The West

 

The Australian Financial Review

Page 1: The competition watchdog has flagged government measures to clip the market power of the big three energy companies, suggesting their rising shares of the retail and generation markets are fuelling electricity price rises and helping them get around regulation designed to protect consumers.

P3: Big business will step up its campaign to extend corporate tax cuts to all businesses this week with a campaign to persuade non-Coalition politicians to stop Australia being left behind as one of the highest taxing developed countries.

P5: Treasurer Scott Morrison says the appointment of a new chairman of the Australian Securities and Investments Commission is ‘‘imminent’’, after the government’s preferred candidate quit the race because of Labor’s staunch opposition.

P13: ANZ Banking Group chairman David Gonski and Commonwealth Bank CEO Ian Narev say global technology players like Google and Facebook will have a fight on their hands competing with banks in Australia. They could also be dissuaded from doing so since high levels of regulation might stunt their profits.
P15: There was a business breakfast last month, soon after Ben Wyatt had delivered his first budget since the Labor government’s rise to power in Western Australia.

 

The Australian

Page 1: Malcolm Turnbull faces a crucial cabinet debate today with a new warning from voters against schemes that pass hidden power costs on to households, with almost 60 per cent of Australians saying they will not pay a cent more for clean energy policies.

P2: A Tasmanian farmer owed almost $2 million by a revered senior statesman of the Liberal National Party, John Brent, has accused him of designing a “sham transaction” to avoid paying his bills of almost $4 million to about 100 creditors.

P4: Attempts by the Turnbull government to get more power to deregister unions, disqualify union officials and torpedo union mergers are in doubt after key Senate crossbencher Nick Xenophon expressed concerns about the proposed new laws to be debated by federal parliament this week.

P8: The head of one of Australia’s largest property groups says developers must be ready to build apartments to be rented rather than sold, to provide affordable housing for the nation’s rapidly expanding cities.

P19: German supermarket giant Kaufland has unveiled ambitious plans for when it invades Australia’s grocery sector.

The West Australian

Page 1: An estimated 530 lovesick and gullible West Australians have been abandoned to send their life savings to West African scammers after WA Police pulled out of a successful joint operation with Consumer Protection.

P3: The money owed by West Australians in unpaid fines has topped $400 million for the first time — prompting the Labor Government to seriously consider adopting the hardline approach of docking welfare payments of defaulters.

P4: Labor won’t support Malcolm Turnbull’s new energy policy if it drops the clean energy target recommended by the Chief Scientist, shadow climate change minister Mark Butler has warned.

P5: AirAsia passengers have criticised the airline for what they claim was a chaotic response to a midair scare that forced them to return to Perth Airport.

P6: Privatising WA’s land title registry was “on the table” because of the hostile parliamentary reception to key Budget measures and low GST receipts, Premier Mark McGowan said yesterday.
West Australians are yet to come to grips with the sheer size of the stadium footbridge, which Transport Minister Rita Saffioti said yesterday was on a par with the Sydney Harbour Bridge.

P7: Cannabis is the drug of choice in WA prisons, with Corrective Services data showing it appears in most positive test results for both prisoners and officers.

P17: Increasing numbers of West Australians are struggling to make ends meet and put food on the table, figures reveal.

P49: The Metropolitan Redevelopment Authority is understood to have given informal early approval to Brookfield’s cuttingedge $650 million, two-tower Elizabeth Quay plan, to include Perth’s tallest building.

Australia’s peak business lobby group will launch a fresh push to force down corporate taxes.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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