27/03/2019 - 06:48

Morning Headlines

27/03/2019 - 06:48

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Morning Headlines

Major boost for $4.5b Pilbara plant

A $4.5 billion fertiliser plant in the Pilbara that could create more than 2000 construction jobs has been granted major project status by the Federal Government. The West

New tourist attractions that could create 1100 jobs going nowhere due to red tape

Proposed new tourist attractions — including an 80km/h zip-line across the Swan River — are being strangled by red tape, prompting calls for a major overhaul of WA’s approvals process. The West

Mining magnates on power plant shortlist

Resources magnates Andrew Forrest and Trevor St Baker have succeeded in getting power generation projects short-listed for federal government support among the 12-strong line-up of contenders that would provide greater competition for the ‘‘big three’’ electricity suppliers. The Fin

Hayne fallout is hiding super risks, squeezing business credit

The head of the 2014 Financial Services Inquiry, David Murray, has warned that Australia’s economy has become more exposed to shocks that could be amplified by billions of dollars of retirement savings locked up in hard-to-sell industry super fund assets and spiral into the banking sector. The Fin

Uphill battle to launch of TV+ in Australia

Apple’s just-announced streaming TV service will be so ‘‘significantly compromised’’ in Australia it will just be a pale reflection of what the company is offering in the US, industry insiders have warned. The Fin

Butt out on Cott beaches

Beaches along the Cottesloe coast are to go smoke-free with the local council voting to ban smoking on beaches last night. The West

Coles links with Ocado for an online shake-up

Coles is aiming to steal leadership of the $3 billion online grocery market from arch rival Woolworths after entering into a long-term agreement with leading British online food retailer Ocado. The Fin

Tax bonanza as online giants pay GST

Australia’s efforts to make tech giants pay GST on goods and services they sell to Australians have been far more successful than expected and are being adopted by other jurisdictions, the Australian Taxation Office says. The Aus

 

 

The Australian Financial Review

Page W1: The head of the 2014 Financial Services Inquiry, David Murray, has warned that Australia’s economy has become more exposed to shocks that could be amplified by billions of dollars of retirement savings locked up in hard-to-sell industry super fund assets and spiral into the banking sector.

Page W4: Mortgage brokers continued to push the federal government and opposition for more concessions following their successful lobbying against a banking royal commission reform.

Page 3: Apple’s just-announced streaming TV service will be so ‘‘significantly compromised’’ in Australia it will just be a pale reflection of what the company is offering in the US, industry insiders have warned.

Page 6: Resources magnates Andrew Forrest and Trevor St Baker have succeeded in getting power generation projects short-listed for federal government support among the 12-strong line-up of contenders that would provide greater competition for the ‘‘big three’’ electricity suppliers.

Page 10: The Morrison government is under pressure to raise its climate and energy ambitions on two fronts as the United Nations calls on member states to bring ‘‘concrete actions’’ to reduce carbon emissions by 45 per cent by 2030 to a summit in New York in September.

Page 14: Coles is aiming to steal leadership of the $3 billion online grocery market from arch rival Woolworths after entering into a long-term agreement with leading British online food retailer Ocado.

Page 16: Westpac will offer a $2000 rebate per property to new borrowers refinancing mortgages with the group in a grab for market share, as a record $170 billion of interest-only loans expire during the next two years.

Page 19: Qantas boss Alan Joyce has blamed Perth Airport for the carrier delaying the addition of another non-stop European route to its operations in the city, amid a bitter row over aeronautical fees.

 

 

The Australian

Page 1: Scott Morrison has moved to stop the flow of Coalition votes to One Nation, attacking the party as “abhorrent” and urging disaffected conservatives to support the government ahead of Pauline Hanson at the upcoming election.

Page 4: The Coalition has intensified speculation it could bring forward legislated personal income tax cuts in next week’s budget, releasing tax data showing at least 1.9 million middle-income earners would pay more tax under Labor.

Page 5: The Coalition will exploit a $1.3 billion war chest for major water infrastructure projects to campaign in regional electorates around the country, arguing it has taken direct action to drought-proof the nation and develop agriculture.

Page 19: The first major acquisition play from Wesfarmers chief executive Rob Scott has met with strong opposition from both his own shareholders and those of his $1.5 billion rare earths takeover target Lynas Corp.

Page 21: Australia’s efforts to make tech giants pay GST on goods and services they sell to Australians have been far more successful than expected and are being adopted by other jurisdictions, the Australian Taxation Office says.

The Australian Securities & Investments Commission has seized documents as it steps up its investigation of collapsed contractor RCR Tomlinson, which may have traded while insolvent for a month or more before it entered administration with debts topping $630 million.

Page 23: Major banks were unmoved yesterday by Apple chief executive Tim Cook’s promise of the “most significant change in the credit card experience in 50 years”.

 

 

The West Australian

Page 3: Beaches along the Cottesloe coast are to go smoke-free with the local council voting to ban smoking on beaches last night.

A $4.5 billion fertiliser plant in the Pilbara that could create more than 2000 construction jobs has been granted major project status by the Federal Government.

Page 5: One Nation is preparing to move against Pauline Hanson’s only remaining senator, WA’s Peter Georgiou.

Page 8: Water is being carted across the Great Southern because of a lack of rain and falling water levels in local dams.

Page 10: Proposed new tourist attractions — including an 80km/h zip-line across the Swan River — are being strangled by red tape, prompting calls for a major overhaul of WA’s approvals process.

Business: Land mogul Allen Caratti has been convicted of failing to help a liquidator after unsuccessfully trying to shift blame on to raids by the Australian Federal Police and Australian Taxation Office.

Fresh thinkers in the private and not-for-profit sectors will be able to pitch their ideas to the State Government through an online portal when a market-led proposals policy is launched next month.

Odeum Farms has appointed prominent agribusiness leader David Lock as its new chairman, as the WA horticulture group gears up to expand its operations.

Fintech start-up Airwallex has become Australia’s latest “unicorn” company with a $US100 million ($140 million) fundraising that notionally values the payments transfer provider at more than $US1 billion.

Surging production of gold and lithium has given WA its first increase in mining employment in five years, with the sector now providing the equivalent of almost 90,000 full-time jobs.

WA’s crumbling Wheatbelt roads are set to benefit from a Federal Government $70 million cash injection for upgrades.

Finbar is making a pitch for apartment investors, unveiling a lowercost rental management service that applies only to Finbar apartments, and revealed it is keeping its build-to-rent options open.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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