Cooper & Oxley debts rise to $45m
Cooper & Oxley debts rise to $45m
Unsecured creditors of building company Cooper & Oxley are out of pocket to the tune of over $45 million. The West
PRRT changes may hold up oil and gas projects
A Treasury review of how the petroleum resource rent tax is applied could delay oil and gas projects and cut future earnings, analysts say. The Aus
Labor move to kill off freight link
Perth’s most divisive stretch of land that was earmarked for a four-lane highway will be removed from future road planning schemes by the State Government. The West
WA market gets a touch of Harmony
Active Adelaide-based syndicator Harmony Property Investments has acquired the 30,000-square-metre West Australia industrial headquarters of shipping container company Royal Wolf for $13.35 million. The Fin
NorthLink ‘end for company’
The liquidator of a subcontractor working on Main Roads WA’s $1.2 billion NorthLink project has described the entire building industry as “broken”, saying the system is “totally stacked against subcontractors”. The West
Ongoing service fees the next battleground
The Australian Securities and Investments Commission wants ongoing service fees scrapped along with grandfathered commissions, putting it at odds with the banks in its response to the Hayne royal commission. The Fin
Trump picks Australian ambassador
Mr Trump named Arthur Culvahouse, a lawyer and former counsel to president Ronald Reagan. The Fin
The Australian Financial Review
Page 1: The Reserve Bank of Australia is clinging to its record-low interest rate setting even after upgrading its economic and inflation outlook and tipping the jobless rate to fall to a decade-low of 4.75 per cent.
Page 3: The Grattan Institute says plans to increase compulsory super contributions to 12 per cent should be dumped because most retirees are much better off than they were 20 years ago.
Page 4: NSW Liberal moderates are defying a request by Scott Morrison to spare outspoken MP Craig Kelly from preselection defeat, arguing that Mr Kelly and other conservatives helped bring down Malcolm Turnbull and he should go.
Mr Trump named Arthur Culvahouse, a lawyer and former counsel to president Ronald Reagan.
Page 6: The Australian Securities and Investments Commission wants ongoing service fees scrapped along with grandfathered commissions, putting it at odds with the banks in its response to the Hayne royal commission.
The Australian Prudential Regulation Authority has defended the right of life insurers to engage private investigators in cases of suspected insurance fraud, saying a ban on such surveillance would damage their ability to provide cover.
Page 8: The Australian government has called on China to give dairy and vitamin exporters time to comply with new e-commerce rules that could threaten their access to the booming market if they do not have the appropriate licensing by January.
Page 15: AustralianSuper will abstain from voting for or against the re-election of board members at any of the big four bank annual meetings, starting with Commonwealth Bank’s Brisbane AGM today, until royal commissioner Kenneth Hayne delivers his final report on the sector early next year.
Page 34: Active Adelaide-based syndicator Harmony Property Investments has acquired the 30,000-square-metre West Australia industrial headquarters of shipping container company Royal Wolf for $13.35 million.
The Australian
Page 1:Some of the highest concentrations of people who negatively geared investment properties are in Labor-held electorates, according to a nationwide seat-by-seat study by the government to determine the political impact of Bill Shorten’s $32 billion plan to slash negative gearing.
Page 2: A former senior executive with the corporate watchdog has called out the federal government for running the regulator at a vast “effective profit” by using it to reap over $4 billion in fees and charges over the past decade, overwhelmingly from small businesses and the public.
Page 4: Forcing Australians to lock away 12 per cent of their wages into superannuation will cost the budget an extra $2 billion a year, hurt low-income workers and fail to drive a meaningful increase in retirement incomes, the Grattan Institute says.
Page 19: Australia’s largest power companies have received a fresh warning that the federal government is prepared to intervene in an unprecedented move to lower prices and reset the electricity market, setting the scene for a tense showdown in a meeting today with industry.
Tensions in the Australia-China relationship are the largest risk faced by companies doing business with China, according to a survey released in Shanghai yesterday by the Australia China Business Council and the China-Australia Chamber of Commerce.
Page 20: A Treasury review of how the petroleum resource rent tax is applied could delay oil and gas projects and cut future earnings, analysts say.
The West Australian
Page 3: Perth’s most divisive stretch of land that was earmarked for a four-lane highway will be removed from future road planning schemes by the State Government.
Page 6: BHP’s forced derailing of a runaway, fully-laden iron ore train could cost the miner hundreds of millions of dollars in lost production revenue, repairs and replacements.
Page 9: The liquidator of a subcontractor working on Main Roads WA’s $1.2 billion NorthLink project has described the entire building industry as “broken”, saying the system is “totally stacked against subcontractors”.
Page 20: Human Services Minister Michael Keenan is demanding job security for hundreds of private call-centre workers, who he says answer more calls to Centrelink than public servants.
Page 21: RSL WA has finalised a land title swap with the State Government and can start building a new $30 million headquarters on St Georges Terrace.
Business: The planned resumption of the live export trade this week has led to a steep rebound in sheep prices.
In four years, ASX-listed Triangle Energy has swung from producing gas in Indonesia to chasing oil in the Perth Basin.
Empire Resources boss David Sargeant says the explorer is ready to get back to work after months of board upheaval set back studies on an underground operation at the Penny’s Find gold mine near Kalgoorlie-Boulder.
Property: Unsecured creditors of building company Cooper & Oxley are out of pocket to the tune of over $45 million.
Pindan Group appears to have made a full recovery from the late payment issues it was having in March, reporting an $8.3 million after tax profit for the year to June 30.
New York-based Sentinel Real Estate, which raised $200 million from European investors for its build-to-rent projects in Australia, expects its Subiaco project will be ready for residents by April.
