Morning Headlines

Thursday, 20 June, 2019 - 06:41
Category: 

Chemists called up to give flu jabs to children

Western Australia has become the first state to allow pharmacists to administer the flu vaccine to children as young as 10 after an unprecedented 29 deaths from influenza across the state, 14 of them in the past week. The Aus

Canberra puts its foot on the gas

Federal Resources Minister Matt Canavan says he will use the “clear message” sent by last month’s federal election victory to ramp up resources development, warning Woodside Petroleum and a consortium of the world’s biggest oil and gas companies he will strip them of ownership of Australia’s biggest undeveloped gas field if they don’t get cracking on the project. The Aus

The 1pc pay triple the tax of average earners

A person earning $200,000 will pay more than $600,000 in income tax over the next decade, more than triple a worker earning $80,000. The tax analysis confirms that high income earners will continue to contribute the vast majority of federal income tax revenue, even allowing for the Morrison government’s planned $158 billion in personal income tax cuts. The Fin

Hostplus targets SMSF market with non-member options

The $34 billion industry fund Hostplus is escalating its incursion to the self-managed superannuation fund market by opening up its “hero” investment options to non-members. The Fin

Easing trade concerns set ASX soaring

Australian shares surged towards a record high on Wednesday as trade tensions between the US and China showed signs of easing for the first time in several weeks. The Fin

Gruyere to produce later than expected

Emerging gold miner Gold Road Resources has been forced to delay by a month first production from its $621 million Gruyere joint venture gold project east of Laverton. The West

Zuckerberg’s bold currency move

Facebook’s plans to next year create a new cryptocurrency that can be used for everything from commerce to money transfers are facing pushback from lawmakers in the US and Europe. The West

 

 

The Australian Financial Review

Page 1: The Coalition is risking a brawl with the gas industry by actively considering a domestic gas reserve on the east coast for new projects as part of its push to get income tax cuts through Parliament.

Facebook’s plans to launch a digital wallet and cryptocurrency have been met with dread by bank insiders fearful of losing revenue and customer relationships, even as the peak body for the payments industry said the big four are well prepared to repel the threat.

Page 2: The $34 billion industry fund Hostplus is escalating its incursion to the self-managed superannuation fund market by opening up its “hero” investment options to non-members.

Page 3: Plumbers union leader Earl Setches says the ‘‘jury is out’’ on Australian Council of Trade Unions leader Sally McManus after her call for John Setka to resign over charges of harassing a woman.

Page 4: Santos chief executive Kevin Gallagher and Shell’s most senior executive in Australia have issued fresh warnings that triggering Australia’s domestic gas security mechanism would only choke investment in new supply just as the federal government considers toughening up the policy.

Page 5: A person earning $200,000 will pay more than $600,000 in income tax over the next decade, more than triple a worker earning $80,000. The tax analysis confirms that high income earners will continue to contribute the vast majority of federal income tax revenue, even allowing for the Morrison government’s planned $158 billion in personal income tax cuts.

Scott Morrison is facing calls to bolster Australia’s military contribution in the Middle East to protect oil supplies, as well as step up sanctions against Iran, as tensions between Tehran and the Trump administration escalate.

Page 8: The federal election result and a historic interest rate cut have not been enough to reverse the negative outlook for the economy, with the Westpac-Melbourne Institute Leading Index forecasting below-trend growth over the next three to nine months.

Page 9: Demand from sectors such as financial services, which softened before the federal election, is yet to rebound, says Qantas Airways chief executive Alan Joyce.

Page 15: Australian shares surged towards a record high on Wednesday as trade tensions between the US and China showed signs of easing for the first time in several weeks.

Page 22: AustralianSuper has raised its long-term bet on battery minerals company Syrah Resources, after agreeing to subscribe for more shares in the graphite miner, lend the company money and potentially underwrite part of its fifth capital raising in less than four years.

The head of Shell in Australia has signalled a likely delay in finalising an agreement on terms to allow for gas from the Woodside Petroleum-led Browse field off the far north-west coast to be processed through the venture’s plant near Karratha.

 

 

The Australian

Page 1: The Morrison government will move swiftly to try to repeal the medivac laws when parliament returns after the Federal Court ruled yesterday that refugees and asylum-seekers could seek medical transfer to Australia without having to speak directly to assessing doctors.

Page 4: Labor would have slashed personal income taxes by $210 billion over the decade to avoid blowing its pre-election commitment to keep a lower tax-to-GDP ratio than under the Howard government, according to the independent Parliamentary Budget Office.

Page 5: Western Australia has become the first state to allow pharmacists to administer the flu vaccine to children as young as 10 after an unprecedented 29 deaths from influenza across the state, 14 of them in the past week.

Page 7: Bullying, intimidation and cyber-harassment are rife in Australian schools, with the problem significantly worse than in most other countries.

Page 8: Brexit figurehead Boris Johnson said yesterday that Britain “must come out” of the EU by the new October deadline as he fended off his four remaining UK leadership race rivals in his first TV debate.

Page 9: Amid a surging red sea of supporters chanting “four more years”, Donald Trump yesterday launched his 2020 election campaign by declaring “the American dream is back”.

Page 17: Federal Resources Minister Matt Canavan says he will use the “clear message” sent by last month’s federal election victory to ramp up resources development, warning Woodside Petroleum and a consortium of the world’s biggest oil and gas companies he will strip them of ownership of Australia’s biggest undeveloped gas field if they don’t get cracking on the project.

News Corp co-chairman Lachlan Murdoch has argued technology platforms should face increased scrutiny, as he championed the growth of the company’s businesses in Australia.

Page 22: A Middle East company owned by a friend of Carlos Ghosn is seeking $US386 million ($561m) in damages from Nissan over a distribution agreement, in further fallout from the November arrest of the Japanese carmaker’s then chairman.

 

 

The West Australian

Page 3: National CFMMEU bosses have thrown their support behind militant unionist John Setka in a blow to Labor leader Anthony Albanese.

Page 4: WA taxpayers were charged tens of thousands of dollars to send police executives on overseas study trips to Cambridge University, which a secret review of the force found to be a waste of money.

Page 7: Broome and the Kimberley will host the world’s second Go Pro festival, bringing some of the best digital content creators to WA to film its wild country.

Business: CSIRO has licensed to a Perth company a non-toxic gold mining technique it says could double production for smaller gold producers.

Emerging gold miner Gold Road Resources has been forced to delay by a month first production from its $621 million Gruyere joint venture gold project east of Laverton.

Clinton Nordhoff is the first jeweller in WA to pay a premium for clean gold and use it in the pieces he creates for his clients.

Facebook’s plans to next year create a new cryptocurrency that can be used for everything from commerce to money transfers are facing pushback from lawmakers in the US and Europe.

WA Energy Minister Bill Johnston says power reform in the North West is being hampered by a Barnett government deal that wedded Horizon Power to Canada’s TransAlta.