09/01/2018 - 06:40

Morning Headlines

09/01/2018 - 06:40

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Morning Headlines

Forrest-backed clinic urges cancer research revolution

Australian cancer patients are missing out on drug trials that could prolong their life because of structural and technology failings, a roadblock one Perth doctor is hoping to change with the financial backing of Andrew Forrest. The Aus

Resource revival as explorers spend up

The turnaround in the fortunes of Australia’s junior resources companies has continued to gain momentum, with the nation’s explorers stepping up their work as cash continues to flow into the sector. The Aus

ACCC seeks fines, jail for cartels

The competition watchdog is set to launch its first criminal cartel cases against a series of high-profile Australian companies, seeking multi-million dollar fines and up to 10 years’ jail for senior executives, Australian Competition and Consumer Commission chairman Rod Sims has warned. The Fin

Dual use a strength for Australian Vanadium

Australian Vanadium says it is well positioned to take advantage of a global vanadium supply deficit, selling its future product into traditional steel markets while being leveraged to the commodity’s growing potential as a battery mineral. The West

Miners dig in on company tax cuts

Miners have doubled down on calls for Canberra to deliver company tax cuts, releasing a survey showing that half of the industry’s profits are swallowed up by taxes and charges. The Fin

Super funds accused of masking risks

Many superannuation funds are under-reporting the level of risk in their portfolios, reducing the ability of members to compare products, some schemes say. The Fin

European drinking culture bid for Yagan Square

Patrons will be able to drink alcohol in several different areas of Yagan Square as part of efforts by the State Government to help change Perth’s drinking culture by introducing a more relaxed approach to licensed venues. The West

 

 

The Australian Financial Review

Page 1: The competition watchdog is set to launch its first criminal cartel cases against a series of high-profile Australian companies, seeking multi-million dollar fines and up to 10 years’ jail for senior executives, Australian Competition and Consumer Commission chairman Rod Sims has warned.

Online design and publishing platform Canva has become the first Australian start-up since Atlassian to join the elite ranks of Silicon Valley unicorns with a valuation in excess of $US1 billion ($1.28 billion).

Page 3: Miners have doubled down on calls for Canberra to deliver company tax cuts, releasing a survey showing that half of the industry’s profits are swallowed up by taxes and charges.

The Fair Work Commission has intervened to stop the vote for Domino’s new pay deal after finding the franchisor failed to bargain in good faith in its proposal to cut wage rates.

Page 4: Labor will continue to pursue curbs on negative gearing and the capital gains tax discount on investment properties, despite questions over its effectiveness to help first home buyers after a Treasury analysis found it would have only a small impact on house prices.

Page 6: Universities say new data shows employers are satisfied with the quality of graduates coming out of the sector.

Page 13: Many superannuation funds are under-reporting the level of risk in their portfolios, reducing the ability of members to compare products, some schemes say.

Page 15: Sandalwood group Quintis will not support a board challenge brought by a group of investors, who have the support of founder Frank Wilson, ahead of a proposed extraordinary general meeting where three directors risk being rolled.

Page 16: An ASX-listed company that makes software that can take control of ‘‘dangerous drones’’ has scored a partnership with one of the world’s largest defence businesses, Raytheon, which it expects will propel the firm to new heights.

 

 

The Australian

Page 1: The number of Australians dipping into superannuation early to pay for medical bills, particularly for weight-loss surgery, is rapidly increasing amid rising concerns about soaring out-of-pocket healthcare expenses.

Page 3: A lavish Perth mansion once owned by businessman Alan Bond has hit the market with hopes of more than $50 million.

Page 4: An outspoken Australian-Chinese barrister has been promoting controversial Chinese government policies in Hong Kong through a foundation involving prominent Australians.

Page 5: Universities and academics have hit back at claims some graduates are being poorly prepared for work, accusing Education Minister Simon Birmingham of using student attrition rates as “political fodder” and questioning how recent $2.2 billion funding cuts will improve the sector.

Page 13: Australian cancer patients are missing out on drug trials that could prolong their life because of structural and technology failings, a roadblock one Perth doctor is hoping to change with the financial backing of Andrew Forrest.

The turnaround in the fortunes of Australia’s junior resources companies has continued to gain momentum, with the nation’s explorers stepping up their work as cash continues to flow into the sector.

Page 14: Gina Rinehart’s Roy Hill iron ore mine will aim to increase output beyond its long-held production target of 55 million tonnes a year after filing applications for additional export capacity at Port Hedland.

Page 15: Litigation funding adviser Paul Lindholm has lost a battle with the Australian Taxation Office over a decade of tax bills totalling $1.25 million, with a tribunal finding some of his evidence was of “recent invention”.

 

 

The West Australian

Page 4: One of WA’s biggest drug treatment providers has handled a record number of addicts at its residential rehabilitation farm, with dozens more waiting to get a bed.

Lisa Scaffidi’s decision to return as Lord Mayor surprised the State Government, a minister claimed yesterday as Ms Scaffidi called a press conference on her first day back at work.

Page 6: Pilbara residents have given an overwhelming thumbs down to a police push for severe liquor restrictions across the region, including a plan to ban full-strength beer sales from bottle shops.

Patrons will be able to drink alcohol in several different areas of Yagan Square as part of efforts by the State Government to help change Perth’s drinking culture by introducing a more relaxed approach to licensed venues.

Page 12: Labor will take its policy to slash negative gearing tax breaks to the next election, with shadow treasurer Chris Bowen yesterday describing the Federal Government’s attacks on the policy as “fundamentally dishonest”.

Page 20: A television that can be pieced together like a jigsaw puzzle to cover an entire wall was unveiled yesterday in the leadup to the world’s biggest technology show.

Business: The Frank Wilson-backed shareholders trying to roll the board of Quintis claim they have the support of big sandalwood customers offering long-term sales contracts should new directors take control of the company.

Australian Vanadium says it is well positioned to take advantage of a global vanadium supply deficit, selling its future product into traditional steel markets while being leveraged to the commodity’s growing potential as a battery mineral.

Automotive Holdings Group, Australasia’s biggest car dealer, has struck a deal to buy two franchises in the southern Auckland suburb of Manukau for $NZ7.5 million ($6.7 million).

Outdoor gear seller Mountain Designs is shutting one in three stores, including two in WA, with the Brisbane-based chain saying it is battling a tough retail environment.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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