Coalition $30bn in the black
Coalition $30bn in the black
An unexpected budget bonanza has doubled the projected surpluses over the next four years to more than $30 billion in a dramatic improvement to the bottom line in what the Coalition will today claim is the best set of numbers since the final year of the Howard-Costello government. The Aus
Minerals sector blasts ALP green-tape move
The mining lobby has come out swinging at Opposition Leader Bill Shorten’s promise to beef up national environmental laws, saying a return to Federal intervention approvals will cost jobs and investment. The West
Labor warns of tough penalties for super failings
Labor has pledged to crack down on bosses dodging superannuation obligations and to give employees the right to pursue unpaid entitlements in the courts. The Fin
Austal strikes again in US warship contract win
Austal’s prospects of building frigates for the US Navy have been further bolstered by an order worth up to $1.6 billion to build two more littoral combat ships. The West
New GG man of faith, ethics
Prime Minister Scott Morrison’s choice of Governor-General, David Hurley, is a 42-year army veteran who combines strong but low-key religious beliefs with an emphasis on ethical leadership. The Fin
Seven ponders WA regional paper sale
Seven West Media is believed to be exploring the sale of a number of its Western Australia regional newspapers, as both Nine and News Corp look to offload their regional and community publishing assets. The Fin
Voters split on negative gearing
Voters are split over Labor’s plans to curb negative gearing and capital gains tax deductions but are strongly in favour of electing a Labor government, the latest Ipsos poll finds. The Fin
The Australian Financial Review
Page 1: Voters are split over Labor’s plans to curb negative gearing and capital gains tax deductions but are strongly in favour of electing a Labor government, the latest Ipsos poll finds.
The Morrison government will chase the grey vote in today’s mid-year budget update by promising more than half a billion dollars to create another 10,000 in-home aged care places and other cost-of-living support for the elderly.
Page 3: Prime Minister Scott Morrison’s choice of Governor-General, David Hurley, is a 42-year army veteran who combines strong but low-key religious beliefs with an emphasis on ethical leadership.
Page 4: Labor has pledged to crack down on bosses dodging superannuation obligations and to give employees the right to pursue unpaid entitlements in the courts.
Page 13: Australia’s top chief executives are fed up with politics, decrying the revolving door in the prime minister’s office and suggesting a shift to longer electoral terms will deliver more policy stability.
Page 15: Seven West Media is believed to be exploring the sale of a number of its Western Australia regional newspapers, as both Nine and News Corp look to offload their regional and community publishing assets.
Binding offers to buy all of collapsed engineering group RCR Tomlinson, as well as for parts of the company, are expected this week, as creditors’ minutes reveal Commonwealth Bank of Australia is owed $120.5 million.
Page 17: IOOF is one step away from a forced restructure after the Australian Prudential Regulation Authority was prompted to perform an emergency downgrade of its risk rating of the company because of fears it posed a threat to its customers and/or the Australian financial system.
Page 31: Australia’s largest office tower landlord, Dexus, expects the value of its office and industrial portfolio to rise even further in the coming year, after booking in a $405 million uplift in the past six months.
The Australian
Page 1: An unexpected budget bonanza has doubled the projected surpluses over the next four years to more than $30 billion in a dramatic improvement to the bottom line in what the Coalition will today claim is the best set of numbers since the final year of the Howard-Costello government.
Bill Shorten was last night attempting to prevent policy spot fires as pro-refugee supporters and union chiefs pressured him to support overhauls of Labor’s asylum-seeker and industrial relations policies.
Page 4: Labor’s national conference is being asked to increase funding to local councils by at least $2 billion, or 1 per cent of federal tax revenue.
Page 13: From slowing global economic growth, contracting central bank balance sheets and rising interest rates in the US and Europe, to the US-China trade war, Brexit uncertainty and emerging markets debt jitters, investors globally face many challenges in the year ahead.
Simec Zen Energy, controlled by billionaire Sanjeev Gupta, is considering an Australian sharemarket listing as it seeks capital to become a major renewables energy operator with a $US1 billion ($1.4bn) pipeline of projects.
The superannuation regulator’s latest attempt to prove it is a tough watchdog by slapping enhanced requirements on underperforming funds “clearly misses the mark”, according to industry bodies, and ignores stronger proposals put forward by the Productivity Commission.
The West Australian
Page 7: Foodbank has been inundated with donations since its recent plea for funding, attracting more than $42,000 in one day.
Page 12: Perth Airport engaged international experts on tunnelling and helped prompt a halt to work on the Forrestfield-Airport rail link over concerns two boring machines were a risk to the airport’s infrastructure.
Page 14: A recommendation by the City of Perth’s acting chief executive’s office says suspended deputy lord mayor Jemma Green should not be reimbursed for legal fees she incurred challenging two complaints at the Local Government Standards Panel.
Page 16: The mining lobby has come out swinging at Opposition Leader Bill Shorten’s promise to beef up national environmental laws, saying a return to Federal intervention approvals will cost jobs and investment.
Business: Austal’s prospects of building frigates for the US Navy have been further bolstered by an order worth up to $1.6 billion to build two more littoral combat ships.
