25/10/2017 - 06:45

Morning Headlines

25/10/2017 - 06:45

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Morning Headlines

Shorten’s AWU raided over GetUp

The Australian Federal Police raided the offices of the Australian Workers Union late yesterday as part of an investigation by the union watchdog into Labor leader Bill Shorten’s donations when he was AWU secretary a decade ago. The Fin

 

Perth Mod board tries to axe head

The principal of WA’s leading academic school Perth Modern has been at the centre of a secret investigation after members of the school board demanded she be replaced. The West

 

Outsider Green wins the night

Perth councillor Jemma Green emerged last night as the surprise Acting Lord Mayor of Perth after council members spent almost three hours in negotiations to solve a voting impasse. The West

 

Government may face two anxious weeks

News the High Court will rule on the citizenship of seven federal MPs, including deputy Prime Minister Barnaby Joyce, this Friday at 2.15pm means the Turnbull government may face two vulnerable parliamentary weeks if Mr Joyce is found ineligible to sit in Parliament. The Fin

 

Stokes urges WA government to nurture ‘green shoots’ of recovery

Seven Group Holdings chairman Kerry Stokes says green shoots are starting to emerge in the downtrodden Western Australian economy and it is now incumbent upon the state to support its productive mining industry and seize new opportunities in agriculture. The Fin

 

Labor at a loss on cost of renewables policy

Labor has been forced to retreat from its attack on the Turnbull government’s national energy guarantee, with opposition environment spokesman Mark Butler admitting he has no idea how much his party’s renewable energy policy would cost consumers. The Aus

 

Apartments to liven up Freo

The sales campaign for apartments at Ancora Fremantle, a $115 million project which will transform a city block into a thriving hub for residents and tourists, started this week. The West

 

Future Fund ‘won’t take over super’

The federal government has no plans to wrest control of default superannuation assets from the wealth management industry and hand them to a public caretaker, according to Finance Minister Mathias Cormann. The Aus

 

Rio Tinto faces US class action on African deal

Rio Tinto and former executive directors Tom Albanese and Guy Elliott have been hit with a class action less than a week after it was revealed they were facing US fraud charges over allegedly inflating the value of a failed $4 billion acquisition of Mozambique coking coal projects. The Aus

 

The Australian Financial Review

Page 1: The Australian Federal Police raided the offices of the Australian Workers Union late yesterday as part of an investigation by the union watchdog into Labor leader Bill Shorten’s donations when he was AWU secretary a decade ago.

Outgoing Myer chairman Paul McClintock has accused Solomon Lew of trying to get control of Australia’s largest department store on the cheap as the sparring between the veteran director and retailer descended into full-blown warfare.

P3: News the High Court will rule on the citizenship of seven federal MPs, including deputy Prime Minister Barnaby Joyce, this Friday at 2.15pm means the Turnbull government may face two vulnerable parliamentary weeks if Mr Joyce is found ineligible to sit in Parliament.

One month after contemplating retirement from the mining sector at 39, Tolga Kumova was in remote Utah joyfully kissing a turquoise rock which looked like it contained high levels of copper.

P6: Implementing the Productivity Commission’s recommendation to scrap stamp duty would increase housing affordability and boost transactions, cutting the average holding time of a house from 13 to eight years, according to the property industry.

P9: The government and NBN have been accused of downplaying problems with Australia’s broadband quality after insisting that no changes need to be made to the funding of its struggling $49 billion initiative.

P12: The leadership of BDO has been quietly conducting a broad-ranging internal security investigation following revelations of a secret plan to transform the mid-tier accounting firm from a network of independently run offices into a single national entity.

P15: The corporate regulator is expected to seek a further 24 to 48 hour delay in its Federal Court interest rate rigging cases on Wednesday, as it finalises its deal with ANZ Banking Group, continues final negotiations with National Australia Bank and tries to cut a deal with Westpac Banking Corp.

P17: Seven Group Holdings chairman Kerry Stokes says green shoots are starting to emerge in the downtrodden Western Australian economy and it is now incumbent upon the state to support its productive mining industry and seize new opportunities in agriculture.

 

The Australian

Page 1: Federal police have raided the Australian Workers Union’s headquarters in Sydney and Melbourne, amid suspicions that documents relating to an investigation into big donations the union made when Bill Shorten was in charge could be destroyed or concealed.

The ABC’s highest-paid star is believed to be 7.30 host Leigh Sales, who in six years has risen from being the ABC’s 18th-highest paid presenter to its top earner, on a salary of about $460,000 a year.

P4: Labor has been forced to retreat from its attack on the Turnbull government’s national energy guarantee, with opposition environment spokesman Mark Butler admitting he has no idea how much his party’s renewable energy policy would cost consumers.

The Productivity Commission has resurrected a plan to collect unpaid HECS loans from deceased estates, saying it is better than the government’s 2017 budget measure to attack the ballooning HECS debt by requiring graduates to begin loan repayments at lower income levels.

P17: The federal government has no plans to wrest control of default superannuation assets from the wealth management industry and hand them to a public caretaker, according to Finance Minister Mathias Cormann.

NAB was last night locked in talks with the corporate regulator over rate-rigging allegations, sparking hopes a deal will be announced to the Federal Court in Melbourne in coming days.

P19: Nufarm’s long wait for assets to be shaken loose by the whirlwind of consolidation around the world’s crop protection and fertiliser sector has finally borne fruit and the company yesterday announced a $691 million deal to clinch a European product portfolio.

P20: Rio Tinto and former executive directors Tom Albanese and Guy Elliott have been hit with a class action less than a week after it was revealed they were facing US fraud charges over allegedly inflating the value of a failed $4 billion acquisition of Mozambique coking coal projects.

The West Australian

Page 5: The principal of WA’s leading academic school Perth Modern has been at the centre of a secret investigation after members of the school board demanded she be replaced.

P6: Police raided Australian Workers Union offices in two cities yesterday as authorities feared documents about questionable use of its members’ money were being concealed or destroyed.

P9: Perth councillor Jemma Green emerged last night as the surprise Acting Lord Mayor of Perth after council members spent almost three hours in negotiations to solve a voting impasse.

P11: Billionaire Kerry Stokes has added his weight to the view that conditions are ideal for entering the housing market, staking his reputation on now being the best time to take the plunge.

P14: The man who was overseeing the Perth Children’s Hospital construction for the State Government has agreed with builder John Holland that the hospital was fit to open months ago.

P20: The Federal Government’s independent economic think tank has recommended putting a price on carbon as part of several changes it believes would make Australia at least $80 billion a year richer.

P31: Goldfields Money bidder First-Mac has voted down a rebranding of the former credit union during an eventful annual meeting which also saw the Queensland suitor’s representative dumped from the target’s board.

Business leaders have expressed dismay at the State Budget’s $435 million payroll tax increase and urged the McGowan Government not to extend the temporary measure.

P32: A swag of WA Goldfields explorers enjoyed solid share price gains yesterday after reporting promising drill results, wrestling back the limelight from Pilbara conglomerate gold players which have enjoyed much of the attention at the junior end of the sector lately.

P63: The sales campaign for apartments at Ancora Fremantle, a $115 million project which will transform a city block into a thriving hub for residents and tourists, started this week.

P64: The State Government will sell a second parcel of land at the site of the former Perth Girls School in East Perth.

P66: An Australia-wide search for a chef to operate a landmark restaurant at the new Perth Stadium is being led by Colliers International.

P68: Residential land prices have soared to new highs across capital cities, compounding Australia’s housing affordability problem.

P72: Fortescue Metals Group’s exploration holdings along the Fraser Range near Balladonia are poised to grow as calls from the company’s head honchos to diversify the Pilbara iron ore miner’s business ratchet up.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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