17/09/2018 - 06:47

Morning Headlines

17/09/2018 - 06:47

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Aged care probe to be ‘bruising’

Morning Headlines

Aged care probe to be ‘bruising’

The largest listed aged care providers Regis Healthcare, Japara Healthcare and Estia Health are facing tough scrutiny from a royal commission into the sector, with the likelihood of tighter regulation now inevitable to protect vulnerable Australians. The Fin

Choice super ‘losses’ to wipe out $50bn

The government’s age pension bill will be weighed by dismal returns in the bank-run superannuation “choice” sector, according to a report from Rice Warner that predicts the cost of savers choosing not to switch into a low-fee MySuper product will cost more than $50 billion over the next decade. The Aus

WA Labor invokes confidentiality clause 39 times

Premier Mark McGowan's promise to deliver an open and accountable government has come under fire after a dramatic spike in the number of decisions by his ministers to thwart the release of information to the public. The West

WA frost-hit farmers brace for big loss

Consecutive frosts at the weekend are thought to have wiped at least 500,000 tonnes and possibly up to 1 million tonnes off what had been a bumper grain crop in Western Australia. The Fin

Voters like ScoMo, not Coalition

The Morrison government has backflipped and called a royal commission into aged care and is threatening doing the same to the energy sector, all as a new poll puts Labor in a strong lead following the Coalition’s recent leadership fiasco. The Fin

RNC strikes more Beta gold

The Kambalda mine that produced more than $15 million worth of spectacular gold specimens a fortnight ago from a single deep cut 500m underground has turned out another precious stone after development restarted after the announcement. The West

Hayne to leave banks with billion-dollar bill

The major banks face years of rolling litigation and potentially billions of dollars in additional compensation out of the Hayne royal commission, as plaintiff law firms prepare a series of test cases over mortgage lending practices and regulators target other areas of bad behaviour. The Fin

 

 

The Australian Financial Review

Page 1: The Morrison government has backflipped and called a royal commission into aged care and is threatening doing the same to the energy sector, all as a new poll puts Labor in a strong lead following the Coalition’s recent leadership fiasco.

The major banks face years of rolling litigation and potentially billions of dollars in additional compensation out of the Hayne royal commission, as plaintiff law firms prepare a series of test cases over mortgage lending practices and regulators target other areas of bad behaviour.

The largest listed aged care providers Regis Healthcare, Japara Healthcare and Estia Health are facing tough scrutiny from a royal commission into the sector, with the likelihood of tighter regulation now inevitable to protect vulnerable Australians.

Page 3: There has been a decline in the extra money people can expect to earn in their 20s and 30s simply because they have a university degree.

Page 5: Scott Morrison’s chances of holding on at the next election risk a further setback, with marginal seat MP Ann Sudmalis wanting out over what are believed to be grievances with the NSW division of the Liberal Party and not the recent federal leadership fiasco.

Page 6: The royal commission into elderly abuse in aged care comes at a time when the sector is already struggling to attract and retain the workforce it needs for a rapidly ageing population.

Page 7: Kelly O’Dwyer has hired former Fair Work Commission vice-president Graeme Watson to advise her on industrial relations, suggesting a renewed focus on workplace reform under the Morrison government.

Page 8: Consecutive frosts at the weekend are thought to have wiped at least 500,000 tonnes and possibly up to 1 million tonnes off what had been a bumper grain crop in Western Australia.

Page 13: The local private equity industry is sharpening its focus on governance, deal structures and navigating digital disruption as it fends off further fee pressure and players look to deploy $9.2 billion

Page 15: Coles’ successful Little Shop promotion has given new managing director Steven Cain much-needed breathing space to come up with a fresh strategy to take on Woolworths and Aldi.

APA Group’s share price signals an overly pessimistic view of the chance of success of CK Group’s $13 billion takeover bid, with worries about Beijing’s influence on the Hong Kong-listed company and of foreign interference in Australian gas supply overblown, according to a specialist in corporate transactions research.

Page 18: Chilean lithium giant Socieded Quimica Y Minera will apply a retail-style brand to the lithium hydroxide it will produce in Australia with ASXlisted Kidman Resources, in a bid to attract price premiums from battery makers.

Page 32: Stricter rules on foreign investment into farms across Australia could hurt attempts by farmers keen to sell out and may trigger new listed real estate investment trusts (REITs) on the Australian Securities Exchange.

 

 

The Australian                                                                                                                          

Page 1: The Morrison government will this week seek Senate support to legislate proposals to disqualify law-breaking union officials, backed by employers who accused some union members of conduct “akin to fascism”.

Leaked messages from a Whats-App group chat among female Liberal MPs have revealed a damaging split over whether some colleagues should have publicly aired claims of bullying and intimidation in the wake of last month’s bitter leadership spill.

Page 2: The Morrison government looks certain to miss the January 1 start date it had set to create a new federal super court, with a key independent senator vowing to delay hearings into the reform.

Page 4: Kerryn Phelps’ decision to run as an independent candidate in the upcoming Wentworth by-election has been described by Labor as a “gift”.

Page 17: The government’s age pension bill will be weighed by dismal returns in the bank-run superannuation “choice” sector, according to a report from Rice Warner that predicts the cost of savers choosing not to switch into a low-fee MySuper product will cost more than $50 billion over the next decade.

Page 18: Goodman Fielder — one of Australia’s most well-known food companies — is believed to be preparing the business for a partial sale or initial public offering as its owners, who paid $1.3 billion for the business almost four years ago, position themselves for a lucrative exit.

Page 21: Japanese investors poured more than $1.6 billion into local commercial real estate last year and their buying is tipped to continue as they seek out higher growth markets.

 

 

The West Australian

Page 1: Premier Mark McGowan's promise to deliver an open and accountable government has come under fire after a dramatic spike in the number of decisions by his ministers to thwart the release of information to the public.

Page 9: A WA company has been dragged into the growing national scare over contaminated strawberries after a needle was found in a punnet of fruit in South Australia.

Business: The Kambalda mine that produced more than $15 million worth of spectacular gold specimens a fortnight ago from a single deep cut 500m underground has turned out another precious stone after development restarted after the announcement.

Digitally savvy young adults have driven another year of sharp growth in video-streaming services, with Australian subscribers now watching nearly two hours of streamed videos every day.

Australian shares are set for a sluggish start to the week in the wake of reports US President Donald Trump had called for fresh tariffs on Chinese products.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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