13/01/2020 - 06:50

Morning Headlines

13/01/2020 - 06:50

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Camfield pub in rates battle

Australia’s largest pub doesn’t pay council rates thanks to a legal loophole but the Town of Victoria Park thinks otherwise and has taken the hotel to court to pay its dues to the community. The West

Former Wellard boss weighs anchor on new voyage into live export waters

Former Wellard Limited boss Mauro Balzarini is preparing to launch a new shipbuilding venture in the wake of his acrimonious exit from the ASX-listed livestock exporter founded by his family. The Fin

BHP, Fortescue in dust-up over Port Hedland deal

Backroom brawling over secret port access deals is threatening to derail a $350m housing buyback at Australia’s biggest mining port, as BHP and Fortescue Metals dust off old enmities. The Aus

Uni cuts ties with Indian agency

A university suing one of its own academics after he raised concerns about international students with poor English has parted ways with the agency supplying Indian students. The Aus

Oil industry faces potential clean-up levy

Concerns are growing among oil and gas companies that the government is gearing up to impose an industry-wide levy to spare taxpayers the cost of decommissioning old fields that financially strapped owners are unable to cover. The Fin

PM flags ditching Kyoto credits

Prime Minister Scott Morrison has signalled the government could stop claiming Kyoto credits to ‘‘meet and beat’’ its carbon emissions reduction target, declaring in response to the bushfire disaster that climate change policy would be updated without destroying jobs and regional economies. The Fin

ASIC targets 'phoenix coaches'

The corporate regulator has drawn up a hit-list of insolvency advisers and directors it believes are coaching others on how to illegally “phoenix” businesses to avoid paying creditors. The Aus

APRA risks ‘wasting time’ with super review

The prudential regulator should abandon plans to assess the performance of 40,000 superannuation options on the market because the task will be a ‘‘time consuming distraction’’, a leading academic says. The Fin

Be selective, but keep faith with shares

Asset allocation experts are advising institutions and financial planners to stay invested in the sharemarket, even as market indices reach all-time highs, global growth shows signs of slowing and geopolitical tensions are on the rise. The Fin

Rideshare zombies behind the wheel

Perth rideshare drivers are bypassing safety and fatigue protection measures and, in some cases, falling asleep at the wheel as they work long hours by switching between one of the three on-demand providers and taxi companies. The Fin

 

 

The Australian Financial Review

Page 1: Prime Minister Scott Morrison has signalled the government could stop claiming Kyoto credits to ‘‘meet and beat’’ its carbon emissions reduction target, declaring in response to the bushfire disaster that climate change policy would be updated without destroying jobs and regional economies.

Federal government cyber security officials are trying to help business fend off an unprecedented level of digital attacks against banks, energy grids and other critical infrastructure, and imploring private firms not to cover up hacks.

Page 3: The prudential regulator should abandon plans to assess the performance of 40,000 superannuation options on the market because the task will be a ‘‘time consuming distraction’’, a leading academic says.

Page 7: Former Reserve Bank of Australia board members, politicians and economists are pushing for greater economic expertise on the central bank’s nine-member board in preparation for potentially more complex monetary policy decisions such as quantitative easing.

Page 12: Asset allocation experts are advising institutions and financial planners to stay invested in the sharemarket, even as market indices reach all-time highs, global growth shows signs of slowing and geopolitical tensions are on the rise.

Page 13: Former Wellard Limited boss Mauro Balzarini is preparing to launch a new shipbuilding venture in the wake of his acrimonious exit from the ASX-listed livestock exporter founded by his family.

Page 14: Fintech groups PayPal Australia and Latitude Financial joined the major banks and insurers near the top of a list of the most complained about financial services companies.

Page 15: Jetstar has partially quelled a disruptive workers’ revolt with an agreement to meet Transport Workers Union-backed baggage handlers and ground crew later this month.

Page 16: Westpac is leading a $13.8 billion global funding blitz by the big four banks as the major lenders take advantage of favourable credit markets to meet their wholesale needs.

Page 17: Concerns are growing among oil and gas companies that the government is gearing up to impose an industry-wide levy to spare taxpayers the cost of decommissioning old fields that financially strapped owners are unable to cover.

 

 

The Australian

Page 2: A university suing one of its own academics after he raised concerns about international students with poor English has parted ways with the agency supplying Indian students.

Page 4: Scott Morrison has flagged the creation of new commonwealth emergency powers to allow the federal government to respond more proactively when disasters strike.

Page 13: The corporate regulator has drawn up a hit-list of insolvency advisers and directors it believes are coaching others on how to illegally “phoenix” businesses to avoid paying creditors.

One of the key backers of Magellan Financial Group, former UBS and Citi banker Jeff Emmanuel, is raising up to $US100m ($145m) for a private equity and venture capital fund backing financial services and artificial intelligence technologies.

Backroom brawling over secret port access deals is threatening to derail a $350m housing buyback at Australia’s biggest mining port, as BHP and Fortescue Metals dust off old enmities.

Page 15: Evolution Mining shares closed sharply lower on Friday after the company warned of falling gold production from its Mt Carlton mine in Queensland, cutting its output forecasts and lifting projected costs.

Australian businesses are spending too much on conferences and expos in China that do little to expose their products to the country’s rising middle class, according to Melbourne businessman and China consultant Patrick Lay.

 

 

The West Australian

Page 14: Australia’s largest pub doesn’t pay council rates thanks to a legal loophole but the Town of Victoria Park thinks otherwise and has taken the hotel to court to pay its dues to the community.

Page 16: Nearly half of all West Australian drivers struggled to pay for petrol at some point in the past year, according to a new RAC survey.

Page 18: Perth rideshare drivers are bypassing safety and fatigue protection measures and, in some cases, falling asleep at the wheel as they work long hours by switching between one of the three on-demand providers and taxi companies.

The US Treasury Department is proposing that the Trump administration revive twice-yearly talks with China to discuss the economic relationship between the countries.

An appeals court has thrown out another bid by Canadian jet builder Bombardier to quash a multimillion-dollar claim by WA billionaire Tim Roberts.

Former Boeing boss Dennis Muilenburg will miss out on severance pay and must forfeit stock awards worth tens of millions of dollars after his botched handling of two deadly plane crashes ended a decades-long career at the company.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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