27/11/2019 - 06:36

Morning Headlines

27/11/2019 - 06:36

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Morning Headlines

State bid to cut green tape for resources projects

Premier Mark McGowan has leant on Scott Morrison to sign an agreement to fasttrack approvals for major resources projects, arguing it will bring on much needed jobs in WA. The West

BHP seeks delay in Brazil class action case

BHP has sought to delay a class action brought by its shareholders over a dam collapse until November 2021 while it awaits the outcome of homicide charges against past and present executives in Brazil. The Fin

Mengniu’s Lion deal splits farmers and politicians

China Mengniu Dairy Co’s proposed $600 million acquisition of Lion Dairy & Drinks has opened up divisions between politicians and farmers over the future of the $13 billion dairy industry, which is facing its lowest annual production since 1995. The Fin

Maxsted resists more bloodshed

Westpac Banking Corp chairman Lindsay Maxsted resisted a push from a powerful group representing industry super funds for more heads to roll on the board, just hours after the resignation of chief executive Brian Hartzer, saying more departures could destabilise the bank. The Fin

Minister to review tuition insurance bill

Independent tertiary education providers have won a commitment from the federal government to review contentious new tuition fee insurance legislation that educators say fails to offer equal protection to all types of students studying outside of public universities and TAFE institutes. The Aus

Labor may revive negative gearing

Opposition frontbencher Jason Clare has left open the option of Labor taking a variation of its negative gearing or capital gains tax policies to the next election. The Fin

Westdrill threatens action on Indus

Indus Mining Services’s biggest unsecured creditor has threatened legal action over the contractor’s multi-level connections to a private equity group. The West

NBN doles out data discounts to telcos

NBN Co is trimming its wholesale prices and giving retail telcos more data capacity, in a bid to quell industry discontent over high charges imposed by the company rolling out the National Broadband Network. The Aus

Council stress ‘worse than cops’

Aggressive ratepayers and bullying councillors are exposing local government bosses to higher levels of work stress than police and other first responders, according to a new report from UWA’s Business School. The West

Diff’rent strokes: stamp duty relief splits groups

Developers are divided over industry lobby groups’ calls for the State Government to extend stamp duty relief. The West

 

 

The Australian Financial Review

Page 1: Westpac Banking Corp chairman Lindsay Maxsted resisted a push from a powerful group representing industry super funds for more heads to roll on the board, just hours after the resignation of chief executive Brian Hartzer, saying more departures could destabilise the bank.

Page 3: Prime Minister Scott Morrison is standing by Energy Minister Angus Taylor despite NSW Police launching an investigation into an allegedly fraudulent document he cited to attack Sydney Lord Mayor Clover Moore over climate change policy.

Page 5: Christine Holgate took a call from Brian Hartzer on Sunday in which he vowed to fight for his job as Westpac’s chief executive and fix the problems at Australia’s oldest bank.

Page 8: Opposition frontbencher Jason Clare has left open the option of Labor taking a variation of its negative gearing or capital gains tax policies to the next election.

Page 10: Never before have there been so few firms expecting to give pay rises to workers, according to the Reserve Bank of Australia, making it more difficult for the central bank to get inflation back into its target range.

Page 12: The government is quietly confident it will secure the passage of its Ensuring Integrity Bill that will make it easier to deregister trade unions and officials, but it will be forced to wait until the end of the week.

Page 16: China Mengniu Dairy Co’s proposed $600 million acquisition of Lion Dairy & Drinks has opened up divisions between politicians and farmers over the future of the $13 billion dairy industry, which is facing its lowest annual production since 1995.

Page 19: The brief downturn in housing markets has passed and will be seen as just an ‘‘interruption’’ in a long upwards cycle, says the boss of Australia’s biggest brick-making company.

Page 21: BHP has sought to delay a class action brought by its shareholders over a dam collapse until November 2021 while it awaits the outcome of homicide charges against past and present executives in Brazil.

The rush of Australian gold miners into North America continues –Evolution Mining is spending at least $US375 million ($550 million) on an old gold mine in Canada’s Ontario province.

 

 

The Australian

Page 1: Reserve Bank governor Philip Lowe has insisted that monetary policy remains effective, declaring the bank is still two rate cuts away from implementing more unorthodox monetary policies.

Page 2: Kevin Rudd says the nation must double its population to ensure it can independently defend itself against Chinese threats, in the event that “Trumpist isolationism” becomes entrenched and Australia can no longer rely on help from the US.

Page 3: Pamela Anderson’s impassioned plea for Scott Morrison to personally intervene to secure the release of Julian Assange has fallen on deaf ears, with the Prime Minister insisting the WikiLeaks founder front a British court to justify his actions.

Page 6: Australia risks falling into a “low-productivity trap” as surging low-skilled immigration undermines wage growth and saps businesses’ incentive to invest in new technology.

Page 17: Two subsidiaries of the storied Grocon building empire, now headed by Daniel Grollo, may have traded while insolvent since the end of last year and the construction scion may have breached director duties, according to an administrator’s report by FTI Consulting.

Page 18: China’s Sinopec has emerged as one of the groups looking to acquire ExxonMobil’s downstream energy assets and Altona refinery, drafting in Bank of America to offer advice.

Page 19: NBN Co is trimming its wholesale prices and giving retail telcos more data capacity, in a bid to quell industry discontent over high charges imposed by the company rolling out the National Broadband Network.

Page 22: Uber Technologies has lost its licence to operate in London, one of its most important markets, after regulators found widespread instances of unauthorised drivers using the ride-hailing app to pick up customers.

Page 26: Independent tertiary education providers have won a commitment from the federal government to review contentious new tuition fee insurance legislation that educators say fails to offer equal protection to all types of students studying outside of public universities and TAFE institutes.

 

 

The West Australian

Page 3: Governments will be called on to consider “simple adoption” where adopted children retain a legal connection to their biological families after the release of an Australia-first study of those with a first-hand experience of foster care, kinship care and adoption.

Page 10: Premier Mark McGowan has leant on Scott Morrison to sign an agreement to fast-track approvals for major resources projects, arguing it will bring on much needed jobs in WA.

Page 16: A new crime of persistent family violence will result in offenders being jailed for up to 14 years, even if victims cannot remember exactly where or when the attacks happened.

Page 18: Small and medium businesses will get access to a $520 million investment fund enabling them to grow and employ more people in a major economic boost to be announced by the Federal Government.

Page 22: Aggressive ratepayers and bullying councillors are exposing local government bosses to higher levels of work stress than police and other first responders, according to a new report from UWA’s Business School.

Business: BHP chief technology officer Diane Jurgens has lifted the lid on the miner’s innovation centre in the Pilbara, revealing game-changing mining technology that is being rolled out across its global operations.

Indus Mining Services’s biggest unsecured creditor has threatened legal action over the contractor’s multi-level connections to a private equity group.

Super Pit manager Kalgoorlie Consolidated Gold Mines is losing its boss, just two days after Saracen Mineral Holdings finalises its $1.1 billion purchase of a 50 per cent stake in the landmark mine from Barrick Gold.

Complaints against joint development assessment panels are mounting, with a major developer complaining an unnecessary 18-month delay in the approval process cost it a seven-figure loss.

Developers are divided over industry lobby groups’ calls for the State Government to extend stamp duty relief.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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