13/09/2018 - 06:56

Morning Headlines

13/09/2018 - 06:56

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Employers face $8b back pay bill for casuals

Morning Headlines

 Employers face $8b back pay bill for casuals

Employers could be on the hook for up to $8 billion in back pay as a result of a major court precedent that allows ‘‘regular’’ casuals to claim annual leave benefits, according to a new analysis. The Fin

HK pipeline bid facing security veto

A $13 billion bid by Hong Kong’s CK Group for Australia’s east coast gas pipeline network has been cleared by the competition watchdog but faces stiff opposition from all levels of federal government on national security grounds. The Fin

Northern Star backs Venturex

Aspiring Pilbara miner Venturex Resources has received the financial backing of its major shareholder Northern Star Resources to complete a definitive feasibility study on its flagship Sulphur Springs copper-zinc project. The West

Investors take a shine to Tempo’s solar win

Tempo Australia’s shares have surged 9 per cent after securing a $15 million contract to build a solar farm in Victoria. The West

Driverless cars on up and app in WA

Perth residents will be among the first people in Australia to summon driverless cars on a mobile phone app and zoom around local streets after a French ‘‘Intellicar’’ arrived in the Western Australian capital. The Fin

Jones insults spark record $3.7m award

Radio host Alan Jones’ “campaign of vilification” against four well-known Toowoomba brothers has led to an Australian record defamation damages payout. The West

CBA lied to cover up life claims

Commonwealth Bank denied the claim of an insurance customer who suffered a heart attack by using out-of-date medical definitions and then misled the Financial Ombudsman Service by covering up advice it had received from a doctor when the customer complained. The Aus

 

 

The Australian Financial Review

Page 1: A $13 billion bid by Hong Kong’s CK Group for Australia’s east coast gas pipeline network has been cleared by the competition watchdog but faces stiff opposition from all levels of federal government on national security grounds.

Page 3: Employers could be on the hook for up to $8 billion in back pay as a result of a major court precedent that allows ‘‘regular’’ casuals to claim annual leave benefits, according to a new analysis.

Perth residents will be among the first people in Australia to summon driverless cars on a mobile phone app and zoom around local streets after a French ‘‘Intellicar’’ arrived in the Western Australian capital.

Page 4: A second internal opinion poll in the federal seat of Wentworth has put the Liberal Party in a losing position, illustrating the threat from the Sydney byelection to the Coalition’s one-seat parliamentary majority.

Page 5: Political turmoil and the recent decisions by three of the four major lenders to lift key mortgage rates has hit consumer confidence, Westpac’s monthly survey shows.

Page 7: Broadcaster Alan Jones and Macquarie Media have lost a defamation case brought by Toowoomba’s Wagner family over deaths from the 2011 Queensland floods, with a Supreme Court judge ordering them to pay a total in $3.75 million.

Page 11: Proposed changes to China’s taxation system, which will make it easier to tax foreign employees’ offshore income, have alarmed Australian businesses operating in the world’s second largest economy. 

Page 13: The competition regulator wants fintechs receiving bank data under the government’s data porting regime to face tough penalties if they fail to meet stricter privacy standards that will be introduced to protect customers.

Page 15: The major banks have finally agreed to provide their customers’ repayment history to each other, signing a landmark data-sharing agreement that will improve their ability to assess customer credit quality after the banking royal commission criticised them for making loans using estimates rather than actual data.

 

 

The Australian                                                                                                                          

Page 2: Scott Morrison expressed his “regret” yesterday at holding off from calling a royal commission into the banks as he lashed the “shocking” and “despicable” treatment of the father of a Down syndrome man who was mocked by Freedom Insurance employees as a “bloody whinger” when he attempted to cancel the useless and expensive insurance policy forced on his son.

Page 3: The peak body representing the nation’s lawyers has called for a federal judicial commission to handle complaints about judges after it emerged at least two family law judges have judgments outstanding from hearings completed more than four years ago.

Page 17: Commonwealth Bank denied the claim of an insurance customer who suffered a heart attack by using out-of-date medical definitions and then misled the Financial Ombudsman Service by covering up advice it had received from a doctor when the customer complained.

Page 18: Speculation is mounting that Origin Energy is embarking on a strategic review of upstream assets worth more than $8 billion as it contemplates a future solely as an electricity retailer and generator.

Page 20: NBN Co has offered a voluntary undertaking to the Australian Competition & Consumer Commission to give telcos a new $25 rebate for missed appointments, which comes on top of the existing $25 rebate it already provides the telcos for missed activation and fault repairs.

 

 

The West Australian

Page 1: WA's chief psychiatrist has ordered a review of "significant gaps" in the mental health system in which patients with severe and complex mental illness end up in the justice system or at risk of serious harm.

Page 3: Shoppers who are members of supermarket chain Woolworths’ Rewards programs have fallen victim to scammers stealing their points.

Page 4: Prime Minister Scott Morrison has been forced to deny being shut out of critical GST negotiations with Tasmania after a leak from within Government ranks suggested he had verbally abused the State’s Treasurer.

Page 11: Radio host Alan Jones’ “campaign of vilification” against four well-known Toowoomba brothers has led to an Australian record defamation damages payout.

Business: WA’s ailing native timber industry appears to be hanging by a thread, with loggers unable to meet basic quotas because there are too few economically viable trees available.

The Dorado oil field that two years ago was not even a blip on Carnarvon Petroleum’s radar screen is now giving the North West Shelf explorer the pleasant problem of how to fund production as soon a possible.

Myer will ditch its clearance floors, roll out a new website, hand back entire levels to landlords, lock in more exclusive brands and boost sales of private label merchandise as part of latest effort to revive its fortunes.

Finbar has taken full ownership of the Harmony site at 187 Adelaide Street, East Perth, the fourth and final part of its Symphony City project at the former ABC studios.

Tempo Australia’s shares have surged 9 per cent after securing a $15 million contract to build a solar farm in Victoria.

Aspiring Pilbara miner Venturex Resources has received the financial backing of its major shareholder Northern Star Resources to complete a definitive feasibility study on its flagship Sulphur Springs copper-zinc project.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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