14/09/2018 - 06:54

Morning Headlines

14/09/2018 - 06:54

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Court puts cloud over Kidman’s lithium mine

Morning Headlines

Court puts cloud over Kidman’s lithium mine

The future of a major lithium project near Southern Cross is under a cloud after a recommendation by the WA Warden’s Court. The West

Tax grab ‘missed $4.3bn in revenue’

The peak national body for independent contractors has called for an inquiry into the Australian Taxation Office’s management of a tax project that it believes may have cost Australia up to $4.3 billion in lost revenue. The Aus

Iris mulls Claremont rejection legal bid

Iris Residential is seeking legal advice after its $120 million Claremont on the Park apartment design was rejected by the Metro Joint West Development Assessment Panel. The West

ASIC comes under fire for ‘light touch’

Financial regulators are under pressure to sting crooked companies with larger fines and enforce the full extent of the law to deter misconduct, as the royal commission continues to uncover soft responses to corporate malfeasance. The Fin

ScoMo fight to quell disunity

Scott Morrison is battling to maintain order inside his party as personal hatreds erupted after Malcolm Turnbull and Julie Bishop backed the referral of Home Affairs Minister Peter Dutton to the High Court. The Fin

WA tops the nation in jobs market

WA has the nation’s strongest job market with thousands of people finding full-time work as the State’s economic recovery gains traction. The West

Canadians fight for IOF with $3.4b bid

Canada’s Oxford Properties Group has trumped its rival Blackstone with an improved bid for Investa Office Fund of near $3.4 billion, bolstering its second tilt with control over a 20 per cent stake in its takeover target. The Fin

Ramelius buys Marda

Miner Ramelius Resources has acquired the Marda gold project in Western Australia for $13 million. The Fin

 

 

The Australian Financial Review

Page 1: Scott Morrison is battling to maintain order inside his party as personal hatreds erupted after Malcolm Turnbull and Julie Bishop backed the referral of Home Affairs Minister Peter Dutton to the High Court.

Page 4: Labor has accused the Morrison government of censoring the Commonwealth Auditor-General after key sections of a report into a $1.3 billion defence contract were blocked from publication on national security grounds.

Page 6: Healthcare costs could blow out as a result of labour cost increases expected from a major court ruling that grants ‘‘regular’’ casuals annual leave benefits, industry figures say.

Page 7: Big W is facing up to $40 million in increased labour costs after allowing its long-expired enterprise bargaining agreement to fall substantially behind the industry award, according to a wage analysis.

Page 10: Commonwealth Bank’s insurance arm denied a woman’s trauma insurance claim because her cancer treatment was not ‘‘radical breast surgery’’, a definition that did not exist in the policy, the Hayne royal commission has heard.

Page 12: Cbus, the $48 billion building industry super fund, has set its sights on zero net carbon emissions from its $5 billion property holdings, as global investors managing $45 trillion of funds tighten the screws on emissions compliance.

Page 17: A flurry of fourth-quarter deals are expected to cap off a big year for mergers and acquisitions, with acquirers set to pounce ahead of any slowdown in the domestic economy and a looming federal election.

Xanana Gusmao, East Timor’s chief negotiator on oil and gas, is exploring a bid of up to $US5 billion ($7.03 billion) to buy ConocoPhillips’ 30 per cent stake in the four-way syndicate and to cover its share of development costs, The Australian Financial Review has learnt.

Page 19: The concentration of Australia’s electricity and gas infrastructure ending up in Chinese-linked ownership has emerged as a key area of concern as the Foreign Investment Review Board examines CK Group’s proposed $13 billion takeover of APA Group.

Page 21: Myer shares soared more than 37 per cent on Thursday – catching out short sellers betting on the retailer’s demise – as investors reassessed the potential of new chief executive John King’s turnaround plan.

Billionaire Kerry Stokes and son Ryan have left the door open to increasing their already significant stake in Capilano ahead of a shareholder vote on a $190 million takeover bid that has their full support.

Page 22: Miner Ramelius Resources has acquired the Marda gold project in Western Australia for $13 million.

Page 34: Canada’s Oxford Properties Group has trumped its rival Blackstone with an improved bid for Investa Office Fund of near $3.4 billion, bolstering its second tilt with control over a 20 per cent stake in its takeover target.

 

 

The Australian                                                                                                                          

Page 1: John Howard and Malcolm Turnbull have defied Scott Morrison’s edict to select a female candidate for Wentworth, throwing their support behind former diplomat Dave Sharma for the blueribbon seat ahead of last night’s preselection vote.

Page 3: Apple’s move upwards in the luxury handset market will make it harder for younger and less affluent people to own an iPhone.

Page 10: Nurses and personal care workers in the aged-care sector should be given pay rises that match “their value and contribution” on the front line in supporting older Australians, according to a report commissioned by the federal government.

Page 19: Financial regulators are under pressure to sting crooked companies with larger fines and enforce the full extent of the law to deter misconduct, as the royal commission continues to uncover soft responses to corporate malfeasance.

Page 20: Supermarket giant Woolworths may find it tough convincing shareholders to back the float of its $2 billion petrol station portfolio, when recently listed rival Viva Energy continues to trade below its IPO price.

Page 27: The peak national body for independent contractors has called for an inquiry into the Australian Taxation Office’s management of a tax project that it believes may have cost Australia up to $4.3 billion in lost revenue.

 

 

The West Australian

Page 4: The West Australian Football Commission’s Isaac Stewart has won Liberal preselection for the marginal seat of Cowan.

Page 18: WA has the nation’s strongest job market with thousands of people finding full-time work as the State’s economic recovery gains traction.

Page 22: The number of WA councillors being reported for bad conduct is at a record high, up 44 per cent for the first six months of the year.

Business: The future of a major lithium project near Southern Cross is under a cloud after a recommendation by the WA Warden’s Court.

The first cargo of live sheep in more than 100 days will leave WA next week, but farmers are disappointed at the low prices they got because of an oversupply caused by a lack of shipping over the northern hemisphere summer.

Iris Residential is seeking legal advice after its $120 million Claremont on the Park apartment design was rejected by the Metro Joint West Development Assessment Panel.

US private equity player Black Mountain Metals has struck a deal to buy Panoramic Resources’ shuttered Lanfranchi nickel mine near Kambalda for $15 million.

Locking away vast parts of WA’s native forests has failed to inoculate them from the effects of a warming and drying climate, prompting calls from the timber industry for a rethink on how they are managed.

Kairos Minerals has found more than 250 nuggets at its Croydon project, echoing last year’s Pilbara gold conglomeration commotion.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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