22/11/2017 - 06:47

Morning Headlines

22/11/2017 - 06:47

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Morning Headlines

Liberals will quash new gold royalty rise attempt

Treasurer Ben Wyatt will push ahead with his revamped gold royalty increase, despite Liberal, Nationals and key crossbench MPs set to reject the Budget measure in the Upper House. The West

PM calls on Labor states to back NEG

Malcolm Turnbull has called on Labor and the states to get behind his National Energy Guarantee after independent modelling showed it would deliver modest annual savings for households but much bigger power bill reductions for industry and other heavy users. The Fin

Yara plan for ‘renewable’ outback ammonia plant

Global fertiliser giant Yara International is poised to spend tens of millions trialling a radical new “renewable ammonia” pilot plant in the Pilbara. The Aus

NDIS executives splash out $180m on ‘strategic advice’

The executives in charge of running the National Disability Insurance Scheme spent more than $180 million on consultants and contractors in 16 months, $41.5m of which went to two top-tier private companies for “strategic advice”. The Aus

Wesfarmers CEO rules out Bunnings spin-off

Wesfarmers chief executive Rob Scott is resisting pressure from investors to spin off the conglomerate’s most valuable asset, the home improvement powerhouse, Bunnings. The Fin

$2bn in student debts written off

The federal government has written off at least $2 billion in expected repayments from the disastrously mismanaged training loans scheme, which soaked up about $8bn of taxpayer funds before it was axed last year. The Aus

Follow Trump’s lead: Rinehart

Mining and agricultural magnate Gina Rinehart has argued the Turnbull government seems out of touch with the industries fuelling Australia’s economy, adding that it should follow the lead of Donald Trump to boost growth. The Aus

 

 

The Australian Financial Review

Page 1: Malcolm Turnbull has called on Labor and the states to get behind his National Energy Guarantee after independent modelling showed it would deliver modest annual savings for households but much bigger power bill reductions for industry and other heavy users.

Page 3: Banks, telcos and energy providers could be banned from charging fees to provide customers with paper bills, under a Treasury plan to protect vulnerable consumers.

The PISA Collaborative Problem Solving report – produced by the OECD – ranks Australia in 10th slot out of 56 countries; Singapore is ranked No. 1. New Zealand and Canada are ahead of Australia but Australia rates above Britain, most European Union countries and the US.

Page 5: Reserve Bank of Australia governor Philip Lowe has doubled down on his insistence that despite signs of a growing business investment wave, unemployment will remain too high to push up wages and inflation any time soon.

Page 9: Australia’s first foreign policy white paper in 14 years will reject protectionist sentiment and reassert the need to continue to aggressively pursue new free trade deals as a central platform to drive the nation’s economic growth.

Page 13: Wesfarmers chief executive Rob Scott is resisting pressure from investors to spin off the conglomerate’s most valuable asset, the home improvement powerhouse, Bunnings.

Page 17: Voluntary contributions into superannuation funds plunged by more than $14 billion to $5.5 billion in the September quarter, with the cash bump wealth managers received from retirement savers racing to beat the deadline on low-tax superannuation concessions being swiftly reversed.

Page 18: The outlook for LNG and US gas is much more bullish than most investors are assuming, according to fund manager Antipodes Partners, which has added out-of-favour petroleum engineering companies to its portfolio while still retaining long-held top 10 holding Inpex Corporation.

 

 

The Australian

Page 1: The executives in charge of running the National Disability Insurance Scheme spent more than $180 million on consultants and contractors in 16 months, $41.5m of which went to two top-tier private companies for “strategic advice”.

The federal government has written off at least $2 billion in expected repayments from the disastrously mismanaged training loans scheme, which soaked up about $8bn of taxpayer funds before it was axed last year.

Page 4: Mining and agricultural magnate Gina Rinehart has argued the Turnbull government seems out of touch with the industries fuelling Australia’s economy, adding that it should follow the lead of Donald Trump to boost growth.

Page 17: Speaking at the Australian Securitisation Forum in Sydney yesterday, Australian Prudential Regulation Authority chairman Wayne Byres warned that the rate of non-performing loans, where borrowers were falling behind on mortgage repayments, had nearly reached “post-crisis” highs.

Page 19: The James Packer-backed Crown Resorts has added two new female directors in a move its chairman says enhances the diversity of its board.

Page 20: Global fertiliser giant Yara International is poised to spend tens of millions trialling a radical new “renewable ammonia” pilot plant in the Pilbara.

 

 

The West Australian

Page 3: A suggestive Facebook photo has cost a gay teacher his job at a Baptist school in Rockingham, sparking debate about whether religious schools should be stripped of the right to discriminate on the basis of sexuality.

Page 6: Treasurer Ben Wyatt will push ahead with his revamped gold royalty increase, despite Liberal, Nationals and key crossbench MPs set to reject the Budget measure in the Upper House.

Page 7: Ground breaking legislation that will empower child sex abuse victims to take legal action against the institutions where they were abused will be introduced in State Parliament today.

Page 9: Parents are being warned not to use television as a babysitter for babies, with new advice that children aged under two should have no screen time.

Page 11: Spectators at Perth Stadium will be restricted to mid-strength beer but high-flyers in corporate boxes will enjoy their pick of full strength drinks.

Page 13: Edith Cowan University health and physical education professor Dawn Penney said a business-as-usual approach to physical education could lead to a generation of inactive Australians.

Page 14: Doctors claim dilapidated facilities at the State’s biggest maternity hospital raise serious questions about its ability to provide specialist care to women and newborns.

Page 16: Thousands of properties in and around the Swan Valley could be stripped of their rural classification, prompting fears of council rate rises.

Page 22: A survey of about one-third of Perth’s 29 metropolitan councils has revealed dozens of incidents in the past year involving council employees, whose jobs can involve anything from writing parking tickets to dealing with dangerous dogs and graffiti.

Business: The head of WA’s State-owned electricity distributor has described as “mental” traditional poles-and-wires services to remote areas with almost no customers when more efficient standalone options are available.

The board of Flinders Mines has faced a grilling from disaffected minority shareholders, frustrated by a perceived lack of progress on the company’s flagship Pilbara iron ore project and stagnant share price.

Engineering company Monadelphous Group has tipped a better-than-expected 30 per cent spike in revenue this half as the recovery in resources takes hold.

Credit Suisse may be inching closer to a deal on 45 St Georges Terrace, with a potential offshore buyer offering about $58 million said to be conducting due diligence on the tower.

Perth CBD office landlords have spent almost $250 million on office upgrades across 29 buildings since 2013, building analytics firm Cordell says.

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