30/01/2014 - 06:25

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30/01/2014 - 06:25

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Prosperity pointers signal West’s the best Other states should try to emulate Western Australia, the nation’s most free state and most likely to generate prosperity, says an unprecedented analysis that ranks the six states based on the scope and size of government. The Aus

Prosperity pointers signal West’s the best

Other states should try to emulate Western Australia, the nation’s most free state and most likely to generate prosperity, says an unprecedented analysis that ranks the six states based on the scope and size of government. The Aus

Judge leans towards new poll

The strong indication is WA will have to go back to the polls after a top judge cast doubt on using the original count before 1370 ballot papers went missing for the bungled Senate re-count. The West

House price boost

Perth’s median house price has hit a record $545,000 and is tipped to reach $570,000 this year. The West

Building firms baulk at inquiry

Major business and industry groups have baulked at the prospect of a royal commission into the construction industry, preferring instead the speedy restoration of the industry watchdog, the Australian Building and Construction Commission. The Fin

NBN lack clear vision: iiNet

Perth’s iiNet has demanded more clarity over the rollout of the NBN, with the internet provider saying it defies belief that more WA homes and businesses do not have access to the network. The West

ASIC case lacks enough evidence

The corporate regulator has decided to take no action against David Jones nonexecutive directors Steve Vamos and Leigh Clapham , who were accused by shareholders of insider trading after buying shares in the retailer days before the release of price-sensitive sales data. The Fin

Leederville Hotel shuts for image makeover

One of Perth’s oldest and best known pubs will undergo a multimillion-dollar redevelopment after its owners quietly shut its doors at the weekend. The West

Growers face ruin as cannery’s future hangs in balance

The Abbott government is facing accusations of a startling policy contradiction, as advocates for a $25 million government assistance package to food cannery SPC Ardmona face an uphill battle in cabinet today, despite more than $1 billion in taxpayer funds being invested in upgrading water infrastructure in the Goulburn Murray district. The Aus

 

 

The Australian Financial Review

Page 1: A plan by Australia Post to increase the price of standard postage stamps from 60¢ to 70¢ is expected to accelerate the demise of mail within the next 10 years.

Major business and industry groups have baulked at the prospect of a royal commission into the construction industry, preferring instead the speedy restoration of the industry watchdog, the Australian Building and Construction Commission.

Page 3: The Abbott government is to regulate – rather than legislate – key changes to rules governing the financial planning industry, meaning they will not be subject to extensive parliamentary scrutiny.

The Australian Taxation Office is looking to hire senior executives from blue-chip companies to give it tax advice.

Page 4: Prime Minister Tony Abbott has unleashed another attack on the ABC, accusing the public broadcaster of failing to act in the national interest.

Page 6: Wages growth will need to stay subdued to help companies boost hiring as the economy adapts to the end of the resources investment boom, Assistant Treasurer Arthur Sinodinos said.

Treasurer Joe Hockey has indicated the government will release its Commission of Audit report well before the May 13 federal budget in what appears to be a shift from an earlier position to release the audit closer to the day.

Page 8: The Australian Bureau of Statistics wants as much as $300 million to bail it out but it will have to make a case against other struggling government agencies seeking financial rescue.

Page 15: The corporate regulator has decided to take no action against David Jones nonexecutive directors Steve Vamos and Leigh Clapham , who were accused by shareholders of insider trading after buying shares in the retailer days before the release of price-sensitive sales data.

ANZ Bank is conducting a sweeping review of all its home loan, savings and small business accounts to ensure they are operating correctly, after a major glitch forced it to refund $70 million to 235,000 home loan customers.

Page 17: Mining services provider Forge Group has effectively put itself up for sale after issuing its third profit warning in two months.

Page 19: The prospect of a price ceiling for liquefied natural gas being set in Japan has compounded worries about mounting pressure on high-cost suppliers such as Australia.

Page 28: RBC Capital Markets is the latest bank to revise its rates forecast for Australia, as many economists debate what it would take for them to follow suit just days out from the Reserve Bank’s February board meeting.

 

 

The Australian

Page 1: The ABC’s $223 million Australia Network Asian broadcasting service is likely to be scrapped in the May budget to save money and end the pursuit of ‘‘soft diplomacy’’ in the region through television.

Coal will dominate the power sector globally for decades to come, according to a paper that miners say undermines campaigns by green activists to ‘‘demonise’’ coal.

Page 2: The Abbott government is facing accusations of a startling policy contradiction, as advocates for a $25 million government assistance package to food cannery SPC Ardmona face an uphill battle in cabinet today, despite more than $1 billion in taxpayer funds being invested in upgrading water infrastructure in the Goulburn Murray district.

Business is staring down government calls to ‘‘just say no’’ to unreasonable union pay demands, declaring there is a fundamental problem with workplace laws.

Page 6: Federal Environment Minister Greg Hunt has told a newly appointed three-member independent panel he wants ‘‘fearless’’ advice on what went wrong with Australia’s biggest dredging project, a key part of the $35 billion Curtis Island liquefied natural gas export development in Gladstone Harbour.

Page 17: Sydney investor Caledonia Investments has been quietly building a stake in Ten Network, believing the broadcaster’s stock has been oversold and that the network is starting to turn a corner following a ratings recovery over the summer.

Page 18: Atlas Iron has upgraded its production guidance and given the strongest indication yet that it is closing in on an infrastructure deal that would help unlock its Pilbara iron ore potential.

The dwindling value of resource projects looks set to leave a gaping hole in national investment as rising costs stifle existing projects and low interest rates fail to prompt new ones.

Page 19: Other states should try to emulate Western Australia, the nation’s most free state and most likely to generate prosperity, says an unprecedented analysis that ranks the six states based on the scope and size of government.

Industry superannuation funds want the federal government to complete a comprehensive consumer-benefit analysis of rolling back elements of the Future of Financial Advice reforms, warning of a return to the ‘‘bad old days’’ of conflicted pay for planners.

Page 26: The country’s largest residential developer, Stockland, is shifting its focus to the affordable end of the market by bringing on more homes priced in the $350,000 range, according to Andrew Whitson, chief executive of the company’s residential business.

Page 27: Shopping centre giant Westfield Group is ramping up its Australian development pipeline ahead of splitting its Australasian and international businesses into two separately listed property groups.

 

 

The West Australian

Page 1: Perth’s median house price has hit a record $545,000 and is tipped to reach $570,000 this year.

Page 4: Colin Barnett has ruled out an inquiry into Serco’s handling of WA’s prisoner transport after a recent spate of escapes and incidents involving inmates being escorted by the contractor.

The strong indication is WA will have to go back to the polls after a top judge cast doubt on using the original count before 1370 ballot papers went missing for the bungled Senate re-count.

Page 9: Colin Barnett says he is optimistic the Government’s shark-baiting program will be “relatively short-lived” off metropolitan beaches but is likely to last longer in the South West.

Page 11: One of Perth’s oldest and best known pubs will undergo a multimillion-dollar redevelopment after its owners quietly shut its doors at the weekend.

Page 12: Big Day Out promoters have pulled the plug on the event for next year and called on the State Government to subsidise music festivals the same way they do sporting events.

Page 13: The Barnett Government spent $80,000 to get advice on how to procure the MAX light rail project just weeks before deferring a decision on it until at least 2017.

Page 17: Western Power has axed a further 57 positions as the electricity network company continues to shed jobs in a bid to downsize and streamline its operations.

Business: More project blow-outs have intensified the pressure on Forge Group’s leadership, squeezing the contractor’s already shaky finances and pushing it into the sights of opportunistic suitors.

The State Government has been forced to repay more than $38 million to CBH after the grain co-operative scored a big win over the WA taxman.

Family-owned Craig Mostyn Group is poised to add Harvey Beef to its stable of major agribusinesses in a deal that will put the historic South West meat processor in local hands for the first time since 2005.

Mineral Resources has underscored the rapid growth of its iron ore division by pipping Atlas Iron’s December quarter exports.

Perth’s iiNet has demanded more clarity over the rollout of the NBN, with the internet provider saying it defies belief that more WA homes and businesses do not have access to the network.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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