19/10/2017 - 06:43

Morning Headlines

19/10/2017 - 06:43

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Morning Headlines

Origin offers WA gas discounts

Australia’s biggest energy provider is offering WA households up to 35 per cent off their gas bills in an attempt to land a knock-out blow on competitors. The West

 

Scaffidi business folds with tax debt

The Australian Tax Office is $535,000 out of pocket after the building company of Joe Scaffidi, the husband of Perth’s embattled Lord Mayor Lisa Scaffidi, folded in August. The West

 

Pastoral job for MacTiernan

Agriculture Minister Alannah MacTiernan has taken over responsibility for pastoral lands reform from Lands Minister Rita Saffioti. The West

 

Labor open to a deal on energy

Federal Labor is open to a deal on energy policy but has demanded more detail from the government on the new scheme and has indicated it may increase the emissions reduction target for the electricity sector should it win the next election. The Fin

 

Business gets two-year tax cut amnesty

The Turnbull government has been forced to declare a two-year amnesty for passive investment businesses confused about which rate of tax to pay, after it botched legislation for the Enterprise Tax Plan. The Fin

 

Origin weighs up coal extension under NEG

Origin Energy may have to consider keeping the nation’s biggest coal-fired power station open for longer than anticipated under the government’s proposed National Energy Guarantee, which it believes has the potential to ensure energy security and affordability while transitioning the country to a ‘‘cleaner energy future’’. The Fin

 

China out of human rights talks

The Chinese government has walked away from its longstanding human rights dialogue with Canberra, as President Xi Jinping delivered a striking 3½- hour address to the 19th Communist Party Congress yesterday in which he vowed to make China the world’s most powerful nation. The Aus

 

NDIS to miss deadline by a year

The National Disability Insurance Scheme will miss its rollout deadline by at least a year and needs a large injection of funds from state governments to remain financially viable, a key economic agency has warned. The Aus

 

The Australian Financial Review

Page 1: Federal Labor is open to a deal on energy policy but has demanded more detail from the government on the new scheme and has indicated it may increase the emissions reduction target for the electricity sector should it win the next election.

Rio Tinto will try to strike out an explosive fraud claim lodged by the United States’ market regulator, which alleges that a whistleblower had to bypass the miner’s top two executives to bring accounting failures and fraud to the attention of chairman Jan du Plessis.

P3: The Turnbull government has been forced to declare a two-year amnesty for passive investment businesses confused about which rate of tax to pay, after it botched legislation for the Enterprise Tax Plan.

P9: The Catholic Church is calling for welfare payments to be set by an independent board – not the government – to depoliticise them, and for a new position on the Reserve Bank of Australia board representing the poor, in a push against the free market, neoliberal policies it says dominate our politics.

Penfolds’ latest limitedrelease red wine, a multi-vintage blend of Grange called g3, signals a move away from recent hyper-exclusive luxury releases by making the wine itself the hero, not just the packaging.

P13: Origin Energy may have to consider keeping the nation’s biggest coal-fired power station open for longer than anticipated under the government’s proposed National Energy Guarantee, which it believes has the potential to ensure energy security and affordability while transitioning the country to a ‘‘cleaner energy future’’.

The recent hot run on the ASX, which has added $100 billion worth of value over nine sessions and shattered a fivemonth trading range, has the potential to push higher, experts say.

 

The Australian

Page 1: Nick Xenophon is almost twice as popular as South Australian Labor Premier Jay Weatherill and Liberal Opposition Leader Steven Marshall, according to a leaked poll five months out from the next state election.

The Chinese government has walked away from its longstanding human rights dialogue with Canberra, as President Xi Jinping delivered a striking 3½- hour address to the 19th Communist Party Congress yesterday in which he vowed to make China the world’s most powerful nation.

The National Disability Insurance Scheme will miss its rollout deadline by at least a year and needs a large injection of funds from state governments to remain financially viable, a key economic agency has warned.

P2: Bill Shorten has opened the door to accepting key parts of Malcolm Turnbull’s new energy plan as Labor hails the “carbon price” it says will be built into the scheme, despite government claims there will be no “tax” on consumers.

P4: Soon after he became NSW Transport Minister, Andrew Constance asked bureaucrats what it would cost to dump Premier Gladys Berejiklian’s controversial $2.1 billion CBD light rail project and whether abandoning it was possible.

P6: Employment Minister Michaelia Cash will introduce new laws today imposing tight regulatory controls on worker entitlement funds under a move that could deny unions $25 million a year.

 

The West Australian

Page 1: Australia’s biggest energy provider is offering WA households up to 35 per cent off their gas bills in an attempt to land a knock-out blow on competitors.

P3: The State Government’s insurance arm spent more than $1.4 million buying vehicles for its staff in the past three years, including luxurious European car models for senior bureaucrats.

P4: There were demands yesterday for an independent inquiry into the nation’s gaming industry amid claims that Crown Casino in Melbourne tampered with its machines to drain more money from gamblers, forced people into higher bets and enabled money laundering laws to be broken.

P6: Tensions between Karl O’Callaghan and the State Government descended into all-out warfare yesterday as the Premier painted the former top cop as a wrecker in the mould of former prime minister Tony Abbott.

P11: The Australian Tax Office is $535,000 out of pocket after the building company of Joe Scaffidi, the husband of Perth’s embattled Lord Mayor Lisa Scaffidi, folded in August.

COMO The Treasury has been named Australasia’s best hotel.

P13: The boss of Australia’s chief domestic intelligence service has warned that foreign governments are secretly trying to shape public debate in Australia through “covert influence” operations targeting the public, politicians and the media.

P46: West Africa bauxite project developer Alliance Mining Commodities has beefed up its management team by hiring prominent resources executive Jose Martins.

For Newcrest’s Telfer boss Phil Stephenson, the miner’s decision to expand its East Pilbara gold mine is more about the annual $800 million it will spend over an extra four years than the $93 million it will spend on the investment itself.

Rio Tinto’s African misadventures have again come back to haunt it, with the US charging the miner and two former senior executives over the ill-fated $4 billion purchase of a coal deposit in Mozambique six years ago.

P47: Agriculture Minister Alannah MacTiernan has taken over responsibility for pastoral lands reform from Lands Minister Rita Saffioti.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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