18/10/2017 - 06:41

Morning Headlines

18/10/2017 - 06:41

Bookmark

Save articles for future reference.
Morning Headlines

Western Power eyes disruption

Disruptive technologies such as batteries and stand-alone power systems are likely to form a key part of Western Power’s investment over the next five years, the State-owned electricity distributor says. The West

 

‘Game changer’ for Murdoch

Fini Group is seeking medical and commercial tenants for 12,500sqm in its $200 million first-stage five-building development of the Murdoch Health and Knowledge Precinct. The West

 

Taxpayers to ‘lose billions on NBN’

Two doyens of economic reform say taxpayers are set to lose billions of dollars on the National Broadband Network. The Aus

 

Palmer inquiry follows the cash

Liquidators pursuing Clive Palmer’s Queensland Nickel missing millions have gone offshore to probe his transfer of $15 million to his Hong Kong bank account and $4.5m to a Chinese woman. The Aus

 

Exploration scheme at risk after gold royalty hit

Mines and Petroleum Minister Bill Johnston has hinted the Government may have to reconsider its commitment to the $10 million-a-year Exploration Incentive Scheme given the dire state of WA’s finances. The West

 

Strong backing for energy plan

Malcolm Turnbull has won the backing of his MPs, business and industry for a new energy plan but faces an uphill battle to deliver it with the federal opposition unconvinced and the Labor states, whose support is critical, hostile. The Fin

 

Shipton given task of shaking up ASIC

The new head of the corporate regulator, a Harvard lawyer who has worked at the Hong Kong securities watchdog and Goldman Sachs, has been given a mandate by the government to shake up the Australian Securities and Investments Commission and bring about significant cultural change. The Fin

 

Why Telstra can’t sustain its dividend

Telstra chairman John Mullen has assured worried shareholders the telecommunications giant will not recklessly acquire businesses to chase replacement profits and plug a $3 billion earnings black hole. The Fin

 

Acquisitive Gupta turns sights on Rio Tinto’s aluminium assets

British billionaire industrialist Sanjeev Gupta has wasted no time pursuing expansion plans after buying the Whyalla steelworks, striking up talks with Rio Tinto to buy the company’s energy-intensive Australian aluminium smelters in the middle of an east coast electricity crisis. The Aus

 

The Australian Financial Review

Page 1: Malcolm Turnbull has won the backing of his MPs, business and industry for a new energy plan but faces an uphill battle to deliver it with the federal opposition unconvinced and the Labor states, whose support is critical, hostile.

The new head of the corporate regulator, a Harvard lawyer who has worked at the Hong Kong securities watchdog and Goldman Sachs, has been given a mandate by the government to shake up the Australian Securities and Investments Commission and bring about significant cultural change.

P5: Labor states, or a future federal Labor government, that pursue more ambitious renewable energy targets than those set under the Coalition’s proposed new Reliability and Emissions Guarantee could increase the cost of electricity for voters in their markets.

P8: Complaints about national broadband network services more than doubled in 2016-17 as the infrastructure project’s rollout ramped up in metropolitan areas.

P11: IOOF chief executive Chris Kelaher says Australia’s big banks have become ambivalent about wealth management, giving specialist buyers the chance to snap up assets that will provide ‘‘growth into the future’’.

Telstra chairman John Mullen has assured worried shareholders the telecommunications giant will not recklessly acquire businesses to chase replacement profits and plug a $3 billion earnings black hole.

 

The Australian

Page 1: Malcolm Turnbull has hit the first barrier in his bid to impose a new “guarantee” on electricity retailers to boost reliability and cut greenhouse gas emissions, as Labor premiers have threatened to block the reforms and demand more support for solar and wind power.

Two doyens of economic reform say taxpayers are set to lose billions of dollars on the National Broadband Network.

P3: Thousands of Westpac customers whom the bank allegedly overcharged for life insurance policies will be unable to take legal action because they received “general advice” from the bank and so are less protected under the corporations law.

P5: Liquidators pursuing Clive Palmer’s Queensland Nickel missing millions have gone offshore to probe his transfer of $15 million to his Hong Kong bank account and $4.5m to a Chinese woman.

P6: Labor will seek to crack down on big employers using “sham” enterprise agreements to cut the pay and conditions of permanent employees if the ALP wins the next election.

P17: British billionaire industrialist Sanjeev Gupta has wasted no time pursuing expansion plans after buying the Whyalla steelworks, striking up talks with Rio Tinto to buy the company’s energy-intensive Australian aluminium smelters in the middle of an east coast electricity crisis.

P19: Qantas says it will unveil a new route to the US from Brisbane that uses the Boeing Dreamliner after unveiling its “game-changing” new aircraft type yesterday.

 

The West Australian

Page 3: Lead-foot drivers who use laser jammers or electronic scramblers to try to outsmart speed cameras will be hit with a hefty $1200 fine and seven demerit point penalty from December.

P4: WA’s peak business lobby has warned up to 5000 jobs could be lost after the Liberal Party backed a $435 million increase to payroll taxes despite concerns it could hurt the economy.

P5: West Australians are less happy than ever with their telephone and internet providers, with record numbers complaining to the Telecommunications Industry Ombudsman last year.

P6: WA could “go it alone” on a green power policy beyond 2020 after the coalition said it would abandon the national Renewable Energy Target in a package aimed at fixing problems in the east coast electricity market.

P27: Telstra chairman John Mullen has defended the telco’s first dividend slashing in 16 years, telling shareholders it is now competing with Silicon Valley goliaths such as Amazon that “don’t pay dividends at all”.
Mines and Petroleum Minister Bill Johnston has hinted the Government may have to reconsider its commitment to the $10 million-a-year Exploration Incentive Scheme given the dire state of WA’s finances.

P29: Disruptive technologies such as batteries and stand-alone power systems are likely to form a key part of Western Power’s investment over the next five years, the Stateowned electricity distributor says.

P30: Fini Group is seeking medical and commercial tenants for 12,500sqm in its $200 million first-stage five-building development of the Murdoch Health and Knowledge Precinct.

P63: The Uniting Church in WA has unashamedly incorporated its commercial property holdings into its mission, declaring it is proudly generating income to help it deliver outcomes.

Perth’s high office vacancy levels may subside with the CBD reporting its lowest level of sublease space in almost five years.

P69: Mixed-use developments are transforming neighbourhoods and creating opportunities for buyers, tenants, investors and business owners around Perth, according to Realmark research.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options