12/12/2019 - 07:12

Morning Headlines

12/12/2019 - 07:12

Bookmark

Save articles for future reference.
Morning Headlines

No subs presence this Christmas

A decision on whether to move the maintenance work on Australia’s Collins-class submarines to WA is now unlikely to be made before next year. The West

Big super to end Westpac bloodshed

Westpac chairman Lindsay Maxsted has won over powerful institutional investors including industry funds AustralianSuper, Cbus and Hostplus at the eleventh hour, securing their backing for the bank’s remuneration report and against further board bloodshed at today’s annual general meeting. The Fin

Woodside to stay as partner exits project

Woodside Petroleum remains committed to its Kitimat LNG project in Canada after Chevron said it would sell its half-stake amid a writedown in the value of the planned gas export facility. The Aus

Ladbrokes Coral, BetEasy in the race for WA’s TAB

Ladbrokes Coral and BetEasy are both believed to be in the contest for the West Australian TAB, taking on the favourite Tabcorp. The Aus

Federal budget could be set for $30b boost: CBA

The federal budget could be $30 billion better off over the next four years, alleviating pressure on the Morrison government to deliver more stimulus to fire up the economy, Commonwealth Bank economists say. The Fin

Airlines’ pleas on airport prices rejected

The Morrison government has sided with the airports and rejected a long campaign by airlines to regulate what they say are monopolies which push up prices. The Fin

Rooftop solar could triple in two decades

Rooftop solar capacity is expected to double or even triple to provide almost one-quarter of Australia’s energy generation by 2040, according to the Australian Energy Market Operator. The Fin

Mastercard, Post link up on digital identity

Mastercard is embarking on a global, strategic shift into digital identity, forming a partnership with Australia Post that will allow customers to prove who they are when using public and private sector digital services. The Fin

Push to lift teacher literacy training

Graduate teachers would receive increased literacy training, including a stand-alone unit on early reading that covers phonics instruction, as part of a concerted push to boost standards. The Aus

1800 jobs at risk as retailer collapses

Allegro Funds founding partner Chester Moynihan says the failure of department store Harris Scarfe is symptomatic of the wider malaise that has gripped the retail sector. The Aus

 

 

The Australian Financial Review

Page 1: Westpac chairman Lindsay Maxsted has won over powerful institutional investors including industry funds AustralianSuper, Cbus and Hostplus at the eleventh hour, securing their backing for the bank’s remuneration report and against further board bloodshed at today’s annual general meeting.

Productivity Commissioner Michael Brennan says destructive rent seeking and a lack of entrepreneurship by business has stalled productivity and wage growth and that trying to fix the issue won’t be helped by reform nostalgia or economic pessimism.

Page 2: China’s steel makers are ready to challenge Australia’s tough anti-dumping regime, which protects local players BlueScope and Liberty OneSteel, after Canberra suffered an embarrassing loss at the World Trade Organisation.

Page 3: The Morrison government has sided with the airports and rejected a long campaign by airlines to regulate what they say are monopolies which push up prices.

Page 4: The government is scrambling to buttress its climate change credentials amid growing domestic and international criticism, with one MP even embracing Labor’s renewable energy target just months after claiming it would ruin the economy.

Page 5: The employees of big companies and banks are often afforded better superannuation deals than the public, the Australian Prudential Regulation Authority’s MySuper analysis shows.

Page 6: Rooftop solar capacity is expected to double or even triple to provide almost one-quarter of Australia’s energy generation by 2040, according to the Australian Energy Market Operator.

Page 8: The Australian Taxation Office has labelled 102 companies ‘‘systemic nonpayers’’ of tax, releasing new corporate transparency figures that show a $4 billion boom in receipts from the mining and energy sector.

The federal budget could be $30 billion better off over the next four years, alleviating pressure on the Morrison government to deliver more stimulus to fire up the economy, Commonwealth Bank economists say.

Page 17: Woolworths is facing scrutiny at shareholder meetings next week about plans to open a big-box Dan Murphy’s liquor shop close to vulnerable Indigenous communities in the Northern Territory.

Page 19: Mastercard is embarking on a global, strategic shift into digital identity, forming a partnership with Australia Post that will allow customers to prove who they are when using public and private sector digital services.

 

 

The Australian

Page 1: Facebook was responsible for nearly two-thirds of the 18.4 million worldwide reports of child sexual abuse material last year, as a new international threat assessment warns of a looming “tsunami” of online child abuse and exploitation in 2020.

Page 2: Australia will strengthen defence ties with India during Scott Morrison’s official visit next month, with deals to streamline reciprocal access to bases and co-operation on military technology projects.

Page 5: Graduate teachers would receive increased literacy training, including a stand-alone unit on early reading that covers phonics instruction, as part of a concerted push to boost standards.

Page 8: Democrats have announced two articles of impeachment against Donald Trump for abuse of power and obstruction of congress, paving the way for his likely impeachment by the House of Representatives next week.

Page 17: Major companies and multinationals continually booking losses in a bid to reduce tax bills are being targeted by the tax office, which is monitoring firms carrying forward “accounting losses” from previous years to reduce tax.

Rail heavyweight Aurizon has become the latest corporate giant to fall afoul of Australia’s underpayments plague, after discovering it owes more than $3m to 3300 workers over a payroll glitch that went unchecked for six years.

Page 18: Ladbrokes Coral and BetEasy are both believed to be in the contest for the West Australian TAB, taking on the favourite Tabcorp.

Page 19: Allegro Funds founding partner Chester Moynihan says the failure of department store Harris Scarfe is symptomatic of the wider malaise that has gripped the retail sector.

Page 20: The takeovers panel has handed dissident uranium investor Richard Magides a moral victory over Rio Tinto, ruling the mining heavyweight’s move to take control over Energy Resources of Australia was made in unacceptable circumstances, but ruling it could go ahead anyway.

Woodside Petroleum remains committed to its Kitimat LNG project in Canada after Chevron said it would sell its half-stake amid a writedown in the value of the planned gas export facility.

 

 

The West Australian

Page 3: A decision on whether to move the maintenance work on Australia’s Collins-class submarines to WA is now unlikely to be made before next year.

Page 7: Cockburn chief executive Stephen Cain has been ordered to stay away from the council — on his full $380,000 salary — until an investigation into his claims of workplace bullying is completed.

Page 11: Almost one in five people is struggling to find enough work in parts of WA, as figures reveal the State’s underutilisation rates are some of the highest in the country.

Page 14: Perth entrepreneur Zhenya Tsvetnenko could spend up to six years in a WA jail as he fights extradition to the United States.

Page 16: Cricket fans are today expected to inject a loud voice into the future fixtures as they stomp into Optus Stadium and demand a Perth Test match against India next year.

Page 18: Andrew Forrest’s Fortescue Metals Group has engaged George Pell’s high-profile lawyer in its legal fight to overturn a native title ruling that could put it on the hook for hundreds of millions of dollars in compensation.

Business: The boss of an aspiring WA rare earths miner says growing discussion and interest in critical minerals is yet to translate into financial backing for his company.

The Federal Government has delivered another blow to Qantas in its battle with Perth Airport, endorsing the Productivity Commission report on the operation of the major airports.

Eight in 10 health fund members are with insurers that are raising premiums in excess of the 2.9 per cent industry average announced on the weekend.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options