14/08/2019 - 06:57

Morning Headlines

14/08/2019 - 06:57

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Barrick Gold puts Northern Star in the frame for Superpit sale

Barrick Gold boss Mark Bristow has anointed Northern Star Resources as one of the frontrunners in the sale of part or all of Kalgoorlie’s Superpit as doubts emerge about the value of what was once Australia’s biggest gold mine. The Fin

Nearly 2000 new jobs in WA tourism: report

A record number of employment opportunities are available in WA tourism with the sector creating almost 2000 new jobs in 12 months. The West

LNG spat hurts Woodside

A dispute with China’s CNOOC is complicating Woodside Petroleum’s growth plans as the Australian group seeks to win partner approval to open up the North West Shelf LNG plant to its proposed Browse project. The West

Banks free to ‘call the shots’ on mortgages

Banks have been given a green light to make their own judgment calls about whether a borrower can repay a loan after the Federal Court dismissed the corporate regulator’s case alleging Westpac breached responsible lending rules. The Aus

Judge roasts ASIC bank crackdown

The Australian Securities and Investments Commission insists its responsible lending crackdown is on track after a drawn-out case against Westpac was dismissed and it was ordered to pay the bank’s legal costs, expected to be around $5 million. The Fin

Export bonanza hits $37.7bn record

Australia’s booming education exports have hit a new record of $37.7 billion in 2018-19, recording double-digit growth for the fourth successive year and cementing the sector’s position as Australia’s premier growth export. The Aus

ACCC poised to take tech giants to court

The competition regulator is close to launching five landmark cases against Facebook and Google over breaches of privacy, competition and consumer laws following its inquiry. The Fin

Magellan challenges rivals with ‘zero’ commissions to advisers

Leading fund manager Magellan Financial Group will create market history by launching alisted investmenttrust (LIT) that pays no commissions to stockbrokers and financial advisers recommending the product to investors, as chairman Hamish Douglass said the Morrison government should consider capping commissions. The Fin

Meat trade joins Hastie censure

Australian Meat Industry Council chief executive Patrick Hutchinson has hit out at anti-China comments made by WA Liberal MP Andrew Hastie as Australia’s meat sales to China are set to reach new records of more than $2 billion this year. The Aus

Bishop blasts male bullies

Former deputy Liberal leader Julie Bishop claims the election of at least 50 per cent women to Federal Parliament is the only way to change the toxic misogyny she witnessed during her parliamentary career. The West

 

 

The Australian Financial Review

Page 1: The Australian Securities and Investments Commission insists its responsible lending crackdown is on track after a drawn-out case against Westpac was dismissed and it was ordered to pay the bank’s legal costs, expected to be around $5 million.

Leading fund manager Magellan Financial Group will create market history by launching a listed investment trust (LIT) that pays no commissions to stockbrokers and financial advisers recommending the product to investors, as chairman Hamish Douglass said the Morrison government should consider capping commissions.

Page 5: The country’s most promising tech start-ups are hoping the federal government’s new fast-tracked visas for the best overseas talent will help them plug skills gaps in areas such as systems engineering, robotics, data science and quantum computing, but warned it also needs to support future needs.

Page 7: Car dealers want the Morrison government to abolish a tax on luxury vehicles, saying it is more likely to affect LandCruisers than Lamborghinis.

Page 8: TAFE students are "more realistic" than university students and more likely to value the post-graduation job opportunities of a trade, according to education rankings company, QS Enrolment Solutions.

Page 10: The competition regulator is close to launching five landmark cases against Facebook and Google over breaches of privacy, competition and consumer laws following its inquiry.

Page: 18: Barrick Gold boss Mark Bristow has anointed Northern Star Resources as one of the frontrunners in the sale of part or all of Kalgoorlie’s Superpit as doubts emerge about the value of what was once Australia’s biggest gold mine.

Page 19: Stockbroking house JPMorgan says one of the main reasons why Australia’s waste recycling industry is in crisis is that households aren’t very good at splitting up which items should go into recycling bins.

Minerals Council of Australia boss Tania Constable is urging overseas investors to back rare earths projects here as concerns grow over China’s stranglehold on global supply.

 

 

The Australian

Page 4: Australians are at risk of losing democratic freedoms without an overhaul of rules to protect the work of journalists, News Corp Australasia executive chairman Michael Miller has told a powerful parliamentary hearing.

Charity groups and Labor are calling on the Morrison government to take urgent action to reduce unnecessary red tape in the charity sector.

Page 7: As they struggle through drought, the last thing farmers Sharon and Chris Groves need is for the Europeans to dictate what they can and can’t call the food they produce, such as scotch fillet.

Page 9: Hong Kong’s leader warned pro-democracy protesters yesterday against heading down “a path of no return”, but they responded with a fresh rally at the city’s international airport — a day after demonstrators had triggered an unprecedented shutdown — to again cripple operations there.

Page 17: Banks have been given a green light to make their own judgment calls about whether a borrower can repay a loan after the Federal Court dismissed the corporate regulator’s case alleging Westpac breached responsible lending rules.

Page 18: The sales process for the $1.5 billion Telstra Australian property portfolio is down to the short strokes, with fewer than two parties understood to be left in the running for the assets.

Page 19: Australian Meat Industry Council chief executive Patrick Hutchinson has hit out at anti-China comments made by WA Liberal MP Andrew Hastie as Australia’s meat sales to China are set to reach new records of more than $2 billion this year.

Page 27: Australia’s booming education exports have hit a new record of $37.7 billion in 2018-19, recording double-digit growth for the fourth successive year and cementing the sector’s position as Australia’s premier growth export.

 

 

The West Australian

Page 9: Coles has stopped selling caged eggs in WA, well ahead of its commitment to sell only cage-free eggs by 2023.

Page 11: Guidelines that would have suggested dog owners carry canine first-aid kits and avoid speed bumps while driving with their pet in the car will not go ahead.

Page 16: Former deputy Liberal leader Julie Bishop claims the election of at least 50 per cent women to Federal Parliament is the only way to change the toxic misogyny she witnessed during her parliamentary career.

Page 18: Premier Mark McGowan has hit back at South Australian leader Steven Marshall as the battle for billions of dollars in submarine maintenance work heats up.

Page 22: A City of Perth councillor pocketed $307,200 in four years while on the payroll of a property development company but did not disclose the relationship in her annual returns, an inquiry was told.

Business: A record number of employment opportunities are available in WA tourism with the sector creating almost 2000 new jobs in 12 months.

The nation’s top consumer protection cop says there’s “no way in the world” he’d have a device such as Google Home listening to everything being said in his house.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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