11/12/2017 - 06:43

Morning Headlines

11/12/2017 - 06:43

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Winter harvest gloom lifts for grain farmers

The Grain Industry Association of WA is now forecasting WA’s 2017-18 grain crop at 13.48 million tonnes, up by almost 10 per cent on estimates a month earlier. This smashes the industry group’s July prediction that the season could deliver as little as 10 million tonnes. The West

Perth Airport hacked

A skilled hacker in Vietnam stole sensitive security details and building plans from Perth Airport after breaking into its computer systems. The West

ATO gets personal with 1500 richest

The Australian Taxation Office is targeting hundreds more of the country’s richest people as the man who replaced disgraced Michael Cranston takes a more personal approach to high-end tax avoidance. The Fin

Suitor plots east coast for AWE’s gas

AWE Ltd’s Chinese bidder has moved to nip in the bud suggestions its $463 million hostile takeover tilt is driven by a desire to ship Western Australian gas back to China, talking up its ambitions to supply domestic customers across the country. The Fin

Cormann has a key role in killing WAxit               

The West Australian Liberal Party’s push to explore a WAxit — the state’s version of Brexit — appears to have been officially killed by party powerbrokers led by Finance Minister Mathias Cormann. The Aus

Bitcoin futures promise wild ride for traders

The overnight launch of the first US bitcoin futures will let investors add bitcoin to their portfolios through the same electronic brokerages they use to trade stocks and options. The Aus

‘Let WA set GST rate and keep money’

The annual GST carve-up should be abandoned and replaced with a system that would deliver WA billions of dollars and stop mendicant States from bludging off the rest of the nation, a report out today argues. The West

 

 

The Australian Financial Review

Page 1: Foreign Minister Julie Bishop believes Australia’s relationship with China can withstand the unprecedented crossfire with Beijing which saw Prime Minister Malcolm Turnbull declaring in Mandarin at the weekend that he would ‘‘stand up’’ for Australia with new laws designed to foil foreign interference in politics.

The Australian Taxation Office is targeting hundreds more of the country’s richest people as the man who replaced disgraced Michael Cranston takes a more personal approach to high-end tax avoidance.

Page 6: Futures in the manic cryptocurrency markets begin trading today, after an extremely volatile weekend in which bitcoin crumbled 25 per cent in price from last week’s record highs.

Page 7: Growth in Australia’s mining industry is expected to more than double this financial year even without Adani’s controversial $16.5 billion mega-mine which is unlikely to proceed, according to a new report.

Page 15: AWE Ltd’s Chinese bidder has moved to nip in the bud suggestions its $463 million hostile takeover tilt is driven by a desire to ship Western Australian gas back to China, talking up its ambitions to supply domestic customers across the country.

Page 17: Policy holders who complain about their experience on social media are driving the cost of insurance higher as insurance companies battle shrinking margins and higher claims.

 

 

The Australian

Page 2: Large low-income families, pensioners and indigenous Australians have been hardest hit by the rise in energy costs and face increasing difficulty paying electricity and gas bills that could consume 12 per cent of their household budgets.

Page 3: The National Disability Insurance Scheme hired more contractors than full-time staff in its executive ranks despite receiving a legal warning that it could breach Fair Work Act rules and pose an “acute’’ reputational risk.

Page 5: The West Australian Liberal Party’s push to explore a WAxit — the state’s version of Brexit — appears to have been officially killed by party powerbrokers led by Finance Minister Mathias Cormann.

Page 17: The chief executive of the $20 billion-plus hospitality industry superannuation fund Hostplus, David Elia, has hit back at suggestions that super funds should withhold spending on sport sponsorships.

The overnight launch of the first US bitcoin futures will let investors add bitcoin to their portfolios through the same electronic brokerages they use to trade stocks and options.

As the price of the nation’s second biggest export, coking coal, soars in the final months of the year, BHP Billiton has revealed it is studying Queensland mine developments with the potential to boost its production beyond recent guidance.

Page 18: A bidding war over AWE could erupt this week, with China Energy Reserve and Chemical Group expected to face competition in its bid for the Sydney-based gas explorer.

 

 

The West Australian

Page 1: A skilled hacker in Vietnam stole sensitive security details and building plans from Perth Airport after breaking into its computer systems.

Page 9: The annual GST carve-up should be abandoned and replaced with a system that would deliver WA billions of dollars and stop mendicant States from bludging off the rest of the nation, a report out today argues.

Page 12: WA’s trouble-plagued Government pathology centre will become a separate health service with its own chief executive in a bid to make it more accountable.

Page 16: The Defence Department is supplying bottled drinking water to 107 Bullsbrook properties because of fears over contamination to groundwater by toxic firefighting foam.

Page 18: Several inner-city traffic light cycles could soon be cut by up to 30 seconds to reduce delays to pedestrians.

Perth eye researcher Elizabeth Rakoczy tweaks viruses to use their powers for good to save sight.

Page 20: The Australian Wildlife Conservancy will partner with the Dambimangari Aboriginal Corporation to manage 800,000ha of Kimberley land, which includes Horizontal Falls, more than 300km north-east of Broome.

Business: The Grain Industry Association of WA is now forecasting WA’s 2017-18 grain crop at 13.48 million tonnes, up by almost 10 per cent on estimates a month earlier. This smashes the industry group’s July prediction that the season could deliver as little as 10 million tonnes.

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