14/12/2018 - 06:49

Morning Headlines

14/12/2018 - 06:49

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Corporate tax take increases by 19 per cent

Morning Headlines

Corporate tax take increases by 19 per cent

Australia’s corporate tax take grew by $7.4 billion, or 19 per cent, in 2016-17 as the energy and resources sectors rebounded, coming as the Australian Taxation Office revealed a $1.8 billion gap in revenue from large corporates. The Fin

Morrison unveils $125m federal corruption commission

Scott Morrison faces a battle to establish a national integrity commission before the election, with crossbenchers and Labor labelling the $125 million proposal a “secret tribunal” and “toothless”. The Aus

Flinders delisting plan riles holders

Minority retail shareholders of Flinders Mines are incandescent with rage after the company announced plans to delist yesterday, sending its share price into a tailspin. The West

Todd Corp’s iron ore ambitions in doubt

A cloud hangs over New Zealand business giant Todd Corporation’s iron ore ambitions in Western Australia with one company under its control moving to de-list from the ASX and another stalling on what was spruiked as a $6 billion mine, rail and port project. The Fin

Quadrant’s Darley takes charge of Santos WA

In an unusual case of the prey leading the predator, Santos has chosen the head of newly acquired Quadrant Energy to lead its combined Perth office. The West

Another WA billionaire pops up at Riversdale Resources

Street Talk can reveal Roberts’ Singapore-based Kingfisher Capital PTE has bought 22.5 million shares in unlisted Canadian coking coal developer Riversdale Resources. The Fin

Secret spy dinner seals Huawei fate

The world’s most powerful network of Western spies used its annual gathering in July to co-ordinate banning Chinese technology giant Huawei from their 5G mobile phone networks. The Fin

 

 

The Australian Financial Review

Page 1: The world’s most powerful network of Western spies used its annual gathering in July to co-ordinate banning Chinese technology giant Huawei from their 5G mobile phone networks.

Page 2: Federal government approval for the $4 billion-plus Snowy 2.0 expansion looks far from a certainty, as the Labor opposition warned the government’s move to potentially use billions of dollars to support coal-fired power generation will undermine the business case for the project.

Page 10: Australia’s corporate tax take grew by $7.4 billion, or 19 per cent, in 2016-17 as the energy and resources sectors rebounded, coming as the Australian Taxation Office revealed a $1.8 billion gap in revenue from large corporates.

Page 17: Vodafone Hutchison Australia and TPG Telecom have insisted the prospect of their $15 billion merger is still alive, despite the competition watchdog warning that it could result in higher prices for consumers.

Page 18: Street Talk can reveal Roberts’ Singapore-based Kingfisher Capital PTE has bought 22.5 million shares in unlisted Canadian coking coal developer Riversdale Resources.

Page 19: APA Group’s long-standing chief executive Mick McCormack will head for the exit door next year after 14 years in the role, with the decision to retire coming less than a month since the $13 billion takeover bid for the gas pipeline owner by Hong Kong-based suitor CK Group was blocked.

ExxonMobil and BHP have given the go-ahead for a circa $550 million gas field development in the Bass Strait, providing a much-needed new source of supply for the stretched southeastern market, given falling production at mature fields.

The federal government’s Clean Energy Finance Corporation has made its biggest-ever equity investment in renewable energy, sinking $100 million into Infrastructure Capital Group’s renewable energy fund in a move intended to encourage institutional investors to lift their exposure to the fast-growing sector.

Page 22: A cloud hangs over New Zealand business giant Todd Corporation’s iron ore ambitions in Western Australia with one company under its control moving to de-list from the ASX and another stalling on what was spruiked as a $6 billion mine, rail and port project.

 

 

The Australian                                                                                                                          

Page 1: Scott Morrison faces a battle to establish a national integrity commission before the election, with crossbenchers and Labor labelling the $125 million proposal a “secret tribunal” and “toothless”.

Page 6: Federal Labor is set to back a new body that would investigate proposals, including a “robot tax” on employers, aimed at ensuring workers displaced by automation are redeployed into jobs on similar pay and conditions.

Page 8: West Australian Labor MP Pierre Yang’s political mentor, influential Perth businessman Edward Zhang, is a member of five Chinabased organisations directly run by the Chinese Communist Party’s powerful United Front bureaucracy.

Page 10: The $13.2 billion veterans’ affairs system must undergo its most radical reform since World War II by abolishing the department, making Defence pay insurance premiums and removing the distinction between compensation rates based on types of service, the Productivity Commission says.

Page 21: Federal Health Minister Greg Hunt is nearing his final decision on next year’s health insurance price hike, with expectations the government will soon announce the lowest rise in 18 years.

The retail industry has become more competitive over the past five years, despite the growing dominance of a handful of retail giants, a study by the Reserve Bank of Australia has found.

 

 

The West Australian

Page 3: The State Government wants unvaccinated children excluded from childcare centres and kindergartens as it battles to end WA’s low child immunisation rates.

Page 4: Australian Cardinal George Pell has been removed from Pope Francis’ inner circle of advisers.

Page 19: Believed to be a WA first, The Queenslea will combine a 120-bed residential aged care facility with 39 assisted-living apartments and a childcare centre for more than 80 children.

Business: Minority retail shareholders of Flinders Mines are incandescent with rage after the company announced plans to delist yesterday, sending its share price into a tailspin.

In an unusual case of the prey leading the predator, Santos has chosen the head of newly acquired Quadrant Energy to lead its combined Perth office.

Former newspaper reporter-turned-current affairs svengali Mario D’Orazio has resigned as managing director of Channel 7 Perth.

Laura Ashley will shut shop in Australia by the end of the year if none of the three potential buyers for the troubled retailer submit a firm bid within the next four days.

The nation’s top livestock exporters’ group has deemed a redesigned heat-stress risk assessment model proposed for Middle East-bound live sheep voyages a threat to WA’s sheep trade.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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