13/11/2017 - 06:36

Morning Headlines

13/11/2017 - 06:36

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Morning Headlines

 

WA pushes GST reform despite cost

The McGowan Government has demanded the Federal Government ignore the complaints of other States and press ahead with GST reform that would deliver WA billions of dollars in extra tax at the expense of other States such as Queensland. The West

TPP ‘can survive Canada’s double-cross’

Trade Minister Steven Ciobo has returned home confident Canada can be talked around into supporting a revived Trans-Pacific Partnership, and that a new deal could be signed ‘‘in the not too distant future’’. The Fin

WA Lib silent on Italian link

Government Whip Nola Marino is refusing to reveal whether her husband has renounced his Italian citizenship, as Labor threatens to “go nuclear” in response to Federal Government threats to refer Opposition MPs to the High Court. The West

BHP seeks access to international carbon credits

BHP climate change practice lead Graham Winkelman said a strong start on writing the ‘‘Paris rule book’’ for implementing emissions pledges and other policies on climate change was essential for the Bonn meeting this week to succeed. The Fin

Amazon may launch within a forthnight

Suppliers attending Amazon’s first Marketplace sellers summit on Monday are looking for confirmation that the world’s biggest online shopping company will kick off its expanded Australian offer within the next two weeks. The Fin

CBA’s super shareholder to target director

One of Commonwealth Bank’s largest shareholders, AustralianSuper, will vote against re-election of a veteran board member at the company’s annual meeting on Thursday in response to CBA’s handling of AUSTRAC’s money-laundering claims. The Aus

Premier will use China trip to lure top airline

Mr McGowan confirmed he would today meet the chairman of China Eastern Airlines, together with Tourism Minister Paul Papalia and Perth Airport boss Kevin Brown, in the hope of securing direct flights to Perth from Shanghai — a city with more than 27 million people. The West

 

 

The Australian Financial Review

Page 1: Labor is threatening a campaign of mutually assured destruction unless Malcolm Turnbull drops his threat to refer opposition MPs to the High Court.

Trade Minister Steven Ciobo has returned home confident Canada can be talked around into supporting a revived Trans-Pacific Partnership, and that a new deal could be signed ‘‘in the not too distant future’’.

Page 8: The Turnbull government could fund its company tax cuts by dumping dividend imputation in favour of a dividend discount or a Trump-style broadening of the base by denying interest deductions by companies.

On-demand peer-to-peer car sharing network Car Next Door is opening up its latest capital raise to users of the platform, raising up to $1.5 million through crowd-sourced equity funding platform Equitise.

Page 11: BHP climate change practice lead Graham Winkelman said a strong start on writing the ‘‘Paris rule book’’ for implementing emissions pledges and other policies on climate change was essential for the Bonn meeting this week to succeed.

Government agency Indigenous Business Australia is looking to inject $50 million of its freed-up capital into businesses that support Indigenous communities, and aims to deliver a return of 4.5 percentage points above inflation.

Page 15: One of Commonwealth Bank’s largest shareholders, AustralianSuper, will vote against re-election of a veteran board member at the company’s annual meeting on Thursday in response to CBA’s handling of AUSTRAC’s money-laundering claims.

Page 21: Suppliers attending Amazon’s first Marketplace sellers summit on Monday are looking for confirmation that the world’s biggest online shopping company will kick off its expanded Australian offer within the next two weeks.

 

 

 

The Australian

Page 2: The government will face mounting pressure to offer personal income tax cuts ahead of the next election as Treasury predicts a record surge in tax collections hitting middle-income earners the hardest.

The federal government would need to make at least $5 billion in top-up payments to weaker states under an overhaul of the GST carve-up system proposed by the Productivity Commission, a peak industry group said.

Page 17: Australia’s top deal-makers have encouraged the nation to remain open to foreign investment and avoid protectionist policies to drive the country’s growth prospects and help companies deliver earnings growth.

The $3 billion superannuation fund First Super is running a backroom campaign to convince the $500bn union-and-employer-backed industry fund sector to spill the board of Commonwealth Bank at its shareholder meeting this week.

Page 18: BHP’s $US10 billion ($13bn) US shale sale is gathering pace as oil prices stage a comeback, with the big miner now putting together datarooms for its complex suite of onshore oil, gas and infrastructure assets.

Page 20: The Singapore Tourism Board expects more Australian tourists will visit the Lion City after Qantas reinstates the Kangaroo route between Australia and Britain in March.

 

 

The West Australian

Page 3: WA authorities have sent a boat to the shark-prone waters off Esperance to tag great white sharks after an alarming fall in the number of sharks detected.

Page 6: Government Whip Nola Marino is refusing to reveal whether her husband has renounced his Italian citizenship, as Labor threatens to “go nuclear” in response to Federal Government threats to refer Opposition MPs to the High Court.

Page 8: Conservative MPs are expected to release a rival Bill for same sex marriage as early as today, with opponents of gay marriage ramping up pressure on Prime Minister Malcolm Turnbull to better protect religious freedoms.

Page 9: The McGowan Government has demanded the Federal Government ignore the complaints of other States and press ahead with GST reform that would deliver WA billions of dollars in extra tax at the expense of other States such as Queensland.

Page 11: Mr McGowan confirmed he would today meet the chairman of China Eastern Airlines, together with Tourism Minister Paul Papalia and Perth Airport boss Kevin Brown, in the hope of securing direct flights to Perth from Shanghai — a city with more than 27 million people.

Page 20: The chances of a viable hemp industry in the South West have grown after changes to national laws that allow a strain of the cannabis plant to be used in human food products.

Business: Gary Wood, of the Construction, Forestry, Mining and Energy Union, said he had agonised over a proposed pay deal for production workers at Griffin Coal but opted to back the agreement because of genuine fears the mine could close its gates.

Digital currency mania ratcheted up quite a few notches last week, setting up bitcoin on a trajectory towards the stratosphere, after the announcement that CME Group would launch a bitcoin futures contract by the year’ end.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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