Morning Headlines

Thursday, 15 November, 2018 - 06:51

Super stoush looms over default cover

Labor will seek to limit the removal of default insurance policies through superannuation to continue cover in industries with physically demanding jobs – and not just dangerous occupations. The Fin

No relief on utility bills despite deal

Premier Mark McGowan has ruled out a freeze in household electricity and water charges despite the State securing billions of dollars from the historic GST funding deal agreed to yesterday in the Senate. The West

Risky oil platform stopped

The operator of the Montara oil field off the North West has halted production after a string of potentially fatal safety incidents and cannot restart until cleared by the regulator. The West

Seven West tightens belt in slow ad market

Seven West Media is increasing its cost savings as it braces for little growth in the metro television advertising market this financial year, but has reiterated its annual earnings guidance. The Aus

PM: no containing China

Prime Minister Scott Morrison has rejected suggestions by Beijing that Australia is adopting a Cold War mentality and trying to block China from exerting influence in the South-West Pacific. The Fin

Big chemical plants move a step closer

Two proposed petrochemical developments on the Burrup Peninsula — Wesfarmers’ methanol plant and Perdaman’s urea plant — yesterday took a step forward with separate referrals to the Environmental Protection Authority. The West

Council chief sacked

The chief executive of the Town of Cambridge has been sacked amid long-running tensions between council staff and elected members. The West

 

 

The Australian Financial Review

Page 1: Prime Minister Scott Morrison has rejected suggestions by Beijing that Australia is adopting a Cold War mentality and trying to block China from exerting influence in the South-West Pacific.

Scott Morrison has urged his Indian counterpart Narendra Modi to rein in his government’s sugar subsidies or be reported to the World Trade Organisation.

Page 3: Caltex is turning its service station forecourts into car sales and rental yards as an antidote to flat sales of fuel.

Page 4: Labor will seek to limit the removal of default insurance policies through superannuation to continue cover in industries with physically demanding jobs – and not just dangerous occupations.

Page 10: Scott Morrison has promised Indonesia it will know by the end of the year whether Australia will relocate its Israeli embassy from Tel Aviv to Jerusalem, leaving in limbo the freetrade agreement between the two nations until at least then.

Page 13:Consulting firm EY plans to turn ANZ into one of the firm’s biggest advisory clients in the Asia Pacific with target billings of $US50 million ($70 million) a year by 2020.

Page 16: The Wesfarmers board faces a grilling over its decision to retain a $2.3 billion stake in Coles, load up the food and liquor retailer with $2 billion of debt and retain almost $1 billion of franking credits, which means Coles will be unable to pay a franked dividend in its early years as a stand-alone company.

 

           

The Australian                                                                                                                          

Page 1: The Morrison government’s preelection sweeteners for the $300 billion small business sector, aimed at boosting loans and access to capital, were backed by some business lenders yesterday but also drew scepticism about renewed government intervention.

Page 3: The Family Court has 12 judgments that have been delayed for more than a year, six of which have been outstanding for more than 18 months, forcing families to put their lives on hold while they wait for outcomes to parenting and property disputes.

Page 4: Leading Australian for-profit superannuation funds have been pocketing millions in franking credit refunds that were destined for the bank accounts of the nation’s retirees.

The Fair Work Commission’s generous 3.5 per cent minimum wage increase disappeared with barely a trace in the official report for wage inflation from the Australian Bureau of Statistics.

Page 17: After a steady recovery over the past two weeks, the local bourse has dived 3.5 per cent in just two days, putting it back into “correction” territory with a 10 per cent fall from a decade high in August.

Page 18: Navitas chairman Tracey Horton is expected to come under intense pressure from investors today to explain the board’s decision to knock back the $2 billion private equity bid as she fights to keep her job at the company.

Page 21: Seven West Media is increasing its cost savings as it braces for little growth in the metro television advertising market this financial year, but has reiterated its annual earnings guidance.

 

 

The West Australian

Page 1: A decade of economic and Budget pain is set to end with victory declared in WA’s battle for GST justice.

Page 3: The Rottnest Island Authority is beset by cultural issues and a lack of leadership, with more than half of its workforce wanting to quit, a damning survey of its staff has revealed.

Page 6: Premier Mark McGowan has ruled out a freeze in household electricity and water charges despite the State securing billions of dollars from the historic GST funding deal agreed to yesterday in the Senate.

Page 11: The chief executive of the Town of Cambridge has been sacked amid long-running tensions between council staff and elected members.

Page 16: The Medicare watchdog clawed back almost $21 million from dodgy medicos rorting the system last year, more than doubling the cash it recovered from health practitioners the year before.

Business: The operator of the Montara oil field off the North West has halted production after a string of potentially fatal safety incidents and cannot restart until cleared by the regulator.

Henderson-based Civmec will get a timely boost today as Defence Minister Christopher Pyne launches construction of the first of the Royal Australian Navy’s new offshore patrol vessels in Adelaide.

Two proposed petrochemical developments on the Burrup Peninsula — Wesfarmers’ methanol plant and Perdaman’s urea plant — yesterday took a step forward with separate referrals to the Environmental Protection Authority.

Westgold Resources says it will be able to offer most of its South Kalgoorlie workforce redeployment in its Mid West operations after its mining contract at the HBJ underground mine was terminated by new owner Northern Star Resources.