26/06/2018 - 06:28

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26/06/2018 - 06:28

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Hack probe on land transfers

Hack probe on land transfers

Lands Minister Rita Saffioti has ordered an urgent briefing about the security of Australia’s only electronic property transfer provider, exposed last week as a target for fraudsters, ahead of a decision to force WA property sellers into the use of the platform. The West

Inquiry chief wants to hear Bankwest gripes

The head of the banking royal commission has encouraged aggrieved Bankwest customers to deliver fresh evidence of their complaints, rounding on critics who have attacked the commission’s handling of the entire affair. The West

Senate will block Labor tax rollback

The four crossbench senators most likely to hold the balance of power after the next federal election have warned Labor that should it be elected, they will not let it to roll back any of the company tax cuts that have already been passed. The Fin

Farm families forgotten in ANZ loan grab

Under the spotlight of the financial services royal commission, the bank yesterday said it had made allowances in its corporate accounts for taking over 7124 farm loans worth $2.4 billion from Landmark Financial Services in 2010, with the likelihood 12 per cent of the loans, worth $273 million, would turn bad. The Aus

Plea to end ‘unhealthy’ RBA cash rate

Two of the nation’s leading central banking experts have backed a prominent former board member’s call for the Reserve Bank of Australia to begin raising the official cash rate, saying the economy is strong enough to weather several hikes before they curb growth and job creation. The Fin

API buys Clearskincare for $127m

The company behind the Priceline Pharmacy chain has expanded its services to clinical treatments in a $127.4 million deal aimed at diversifying its business as retail conditions remain tough. The Aus

Serial students’ debt hits $1.7bn

Some “serial” students doing multiple courses at university have built up enough student loan debt to pay for an apartment, according to federal Education Minister Simon Birmingham. The Aus

Vasse Felix makes $20m move for Watershed

Pioneering Margaret River producer Vasse Felix is in the process of acquiring Margaret River’s Watershed Premium Wines for a sum believed to be about $20 million. The West

Cheaper airfares to the Gascoyne

In the deal between the Government and the Regional Express airline to start on Monday, one-way flights booked to Carnarvon and Monkey Mia at certain times will be $199 and $157 respectively. The West

CFMEU official will have to pay own $19,500 fine

The Federal Court has ushered in a major new industrial deterrent by ordering a construction union official to personally pay almost $20,000 for disrupting a building site, undercutting the militant union’s ability to bail out its officials for breaking the law. The Fin

 

 

The Australian Financial Review

Page 1: The four crossbench senators most likely to hold the balance of power after the next federal election have warned Labor that should it be elected, they will not let it to roll back any of the company tax cuts that have already been passed.

Page 2: The Federal Court has ushered in a major new industrial deterrent by ordering a construction union official to personally pay almost $20,000 for disrupting a building site, undercutting the militant union’s ability to bail out its officials for breaking the law.

Page 3: Australia’s biggest soft drink makers have pledged to cut the use of sugars across the industry by 20 per cent by 2025.

Seven West Media and Telstra Ventures-backed medical appointment booking platform HealthEngine is facing its second scandal in a month, as it was forced to respond to allegations on Monday that it shared hundreds of users’ personal medical information to law firms seeking clients for personal injury claims.

Page 5: Two of the nation’s leading central banking experts have backed a prominent former board member’s call for the Reserve Bank of Australia to begin raising the official cash rate, saying the economy is strong enough to weather several hikes before they curb growth and job creation.

Page 9: The Nationals will demand changes to the National Energy Guarantee to favour suppliers of baseload power such as coal, gas and hydro.

Page 13: Commonwealth Bank of Australia chief executive Matt Comyn insists he has got the balance between internal and external experience right for his senior leadership team after tapping insiders to fill four of six roles.

Page 15: oOh!media chief executive Brendon Cook will target new local government contracts through the $570 million acquisition of Here, There & Everywhere’s Adshel.

Page 16: Spitfire Materials and Excelsior Gold will merge to create a company with a combined indicated and inferred mineral resource inventory of 2.1 million ounces.

Iron ore junior Flinders is raising $9.4 million through a renounceable entitlement offer at 7¢ a share.

Page 17: Bullish analysts helped Credit Corp shares bounce back on Monday after an anonymous report wiped $62 million from the debt buying and lending company’s market value late last week.

Page 18: Commonwealth Bank’s general insurance unit could be worth about $1 billion, with analysts tipping the big domestic insurers could be buyers after the bank flagged the sale of the business.

Page 31: Purplebricks Australia has strongly defended the culture at the fixed-fee hybrid agency as it battles an exodus of agents and territory owners amid claims of a toxic work environment.

 

 

The Australian

Page 1: The nation’s biggest miners and manufacturers have warned crossbench parties One Nation and Centre Alliance that their home states of Queensland and South Australia stand to lose investment and jobs if they block the government’s cuts to company tax rates.

Page 2: Under the spotlight of the financial services royal commission, the bank yesterday said it had made allowances in its corporate accounts for taking over 7124 farm loans worth $2.4 billion from Landmark Financial Services in 2010, with the likelihood 12 per cent of the loans, worth $273 million, would turn bad.

Page 3: Woolworths is facing a consumer backlash over its $3.50 “crate-tobench” fee designed to cover the cost of banning single-use plastic bags nationwide.

Page 4: Some “serial” students doing multiple courses at university have built up enough student loan debt to pay for an apartment, according to federal Education Minister Simon Birmingham.

Page 6: New laws forcing those acting on behalf of foreign powers to publicly register have special conditions for private companies that operate out of authoritarian countries, including China.

Page 19: The takeover battle for Gateway Lifestyle Group remains wide open, with Canadian company Brookfield Property Group tipped to boost its bid for the company after US giant Hometown lobbed a sweetened $712 million offer.

The company behind the Priceline Pharmacy chain has expanded its services to clinical treatments in a $127.4 million deal aimed at diversifying its business as retail conditions remain tough.

Metcash has tumbled to an annual loss following a big writedown of its supermarkets and convenience store assets, but has outlined plans to bolster shareholder returns by buying back shares.

Page 20: The Anti-Dumping Commission will formally investigate the alleged dumping of explosives imports from China, Sweden and Thailand after a complaint from local producers Orica and Wesfarmers, which say profit and jobs have been hit as a result.

Page 21: The new Colonial First State Group will have almost $250 billion in assets and funds under management and will come with a host of legacy problems as Commonwealth Bank de-risks itself.

 

 

The West Australian

Page 3: Perth councils are coming under pressure to remove street trees because they are causing allergic reactions.

Page 4: The head of the banking royal commission has encouraged aggrieved Bankwest customers to deliver fresh evidence of their complaints, rounding on critics who have attacked the commission’s handling of the entire affair.

Page 6: Pioneering Margaret River producer Vasse Felix is in the process of acquiring Margaret River’s Watershed Premium Wines for a sum believed to be about $20 million.

Page 10: Emanuel Exports’ licence was suspended on Friday by the Federal Agriculture Department but the 60,000 sheep are still likely to set sail on the ship chartered by the company, the Al Shuwaikh.

In the deal between the Government and the Regional Express airline to start on Monday, one-way flights booked to Carnarvon and Monkey Mia at certain times will be $199 and $157 respectively.

Business: Lands Minister Rita Saffioti has ordered an urgent briefing about the security of Australia’s only electronic property transfer provider, exposed last week as a target for fraudsters, ahead of a decision to force WA property sellers into the use of the platform.

WA Agriculture Minister Alannah MacTiernan fears embattled pig producers are being further disadvantaged by strained relations between Australia and China, which has stalled progress on developing a new export market.

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