08/07/2013 - 06:46

Morning Headlines

08/07/2013 - 06:46

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Morning Headlines

Row over floating LNG push

Federal Resources Minister Gary Gray and West Australian Premier Colin Barnett are at loggerheads over the federal government’s strong push for the rapid development of Woodside Petroleum’s multi- billion- dollar Browse liquefied natural gas project. The Aus

WA's $650m milk shake-up

The WA government has created a blueprint for buying dairy farms and building infrastructure as part of a $650 million project to double the size of the industry in WA and feed growing Chinese demand. The West

Rudd leans towards October election

The Rudd government looks set to hold off the federal election until October despite business fears that a delay could damage the economy. The Fin

Mining dip lifts tourism hopes

Tourism chief Peter Prendiville believes WA's mining downturn could reinvigorate the state's tourism industry by providing greater access to workers. The West

Planning delays spur house crisis

WA's planning regime is at breaking point amid widespread concerns that blowouts to planning approvals are intensifying the housing affordability crisis. The West

 

Top Resources Headlines

Row over floating LNG push

Federal Resources Minister Gary Gray and West Australian Premier Colin Barnett are at loggerheads over the federal government’s strong push for the rapid development of Woodside Petroleum’s multi- billion- dollar Browse liquefied natural gas project. The Aus

Mining dip lifts tourism hopes

Tourism chief Peter Prendiville believes WA's mining downturn could reinvigorate the state's tourism industry by providing greater access to workers. The West

Miners slam duplication of 'green tape'

Australia's mining sector is stepping up its campaign to cut the duplication of green tape between the federal and state governments, targeting it as an election issue, saying that the industry has paid an extra $820 million over 10 years to gain commonwealth environmental approvals. The Aus

ASIC plan to take a seat at company analyst briefings

The furore over Newcrest’s continuous disclosure has prompted a broader crackdown by the Australian Securities & Investments Commission on company briefings of analysts in the coming reporting season. The Aus

Rio restarts Mozambique coal shipments

Rio Tinto has restarted hauling coal from its Mozambique mine along the Sena rail line after close to two weeks of inaction due to political instability in the region. The Fin

 

Top Politics Headlines

Howes and Shorten split

Australian Workers' Union boss Paul Howes has called for tougher penalties for union corruption and criticised the government for not matching the Coalition's policy to bring the penalty regime for unions in line with corporate law. The Fin

Libs slam GST scare campaign

The federal Opposition has accused Labor of ‘‘peddling false information’’ after the government told voters the Coalition planned to increase the GST. The Aus

Rudd leans towards October election

The Rudd government looks set to hold off the federal election until October despite business fears that a delay could damage the economy. The Fin

Bowen picks a tax fight with premiers

Treasurer Chris Bowen's call for an overhaul of state taxes earned a sharp rebuke from conservative state treasurers demanding the federal government's share responsibility for reform. The Fin

Suicide threat fuels asylum row

The high seas rescue of a group of asylum- seekers who threatened to kill themselves rather than be returned to Indonesia has fuelled the debate over the dangers of turning back boats. The Aus

 

Top Property Headlines

Planning delays spur house crisis

WA's planning regime is at breaking point amid widespread concerns that blowouts to planning approvals are intensifying the housing affordability crisis. The West

 

The West Australian

Page 3: The WA government has created a blueprint for buying dairy farms and building infrastructure as part of a $650 million project to double the size of the industry in WA and feed growing Chinese demand.

Page 4: As Defence Minister Stephen Smith hit the campaign trail with Alannah MacTiernan yesterday, he began repaying a 20-year-old debt of gratitude to his long-time friend.

Page 5: WA's planning regime is at breaking point amid widespread concerns that blowouts to planning approvals are intensifying the housing affordability crisis.

Page 9: Tourism chief Peter Prendiville believes WA's mining downturn could reinvigorate the state's tourism industry by providing greater access to workers.

Page 11: The Northbridge tunnel speed limit will return to 80km/h this afternoon, two months after the controversial widening to three lanes limited vehicles to 70km/h to help drivers cope with the change.

Business: The WA government has taken the unprecedented step of preparing costings and a business plan for a $650 million dairy investment it estimates would create more than 750 jobs without disrupting the local supply chain.

Australia's competition watchdog continues to nip at the heels of CBH, this time over proposed changes to ship loading access.

 

The Australian Financial Review

Page 1: Australian Workers' Union boss Paul Howes has called for tougher penalties for union corruption and criticised the government for not matching the Coalition's policy to bring the penalty regime for unions in line with corporate law.

Treasurer Chris Bowen is being pressured to block or delay a decision on Archer Daniels Midland's proposed $3 billion takeover for GrainCorp with the nation's biggest wheat buyer privately complaining about the potential implications of the deal.

Page 3: The Australian Securities and Investments Commission will sit in on analyst briefings as part of a crackdown on how companies deal with analysts at investment banks and broking houses, in its first response to the Newcrest scandal.

Page 4: The Rudd government looks set to hold off the federal election until October despite business fears that a delay could damage the economy.

Page 5: Treasurer Chris Bowen's call for an overhaul of state taxes earned a sharp rebuke from conservative state treasurers demanding the federal government's share responsibility for reform.

State tax authorities are aggressively chasing businesses as revenues falter, delaying deals and increasing transaction costs without any obvious revenue boost, tax experts warned.

Page 6: A minimum score for university entry is among the options Higher Education Minister Kim Carr is being pressed to adopt in response to concerns that unbridled enrolment growth has compromised quality.

Page 13: James Packer believes Crown must triple Australia's share of the international high-roller gambling market to deliver strong returns to investors on a proposed $1.3 billion casino and hotel project in Sydney.

Page 15: Rio Tinto has restarted hauling coal from its Mozambique mine along the Sena rail line after close to two weeks of inaction due to political instability in the region.

Page 22: Gunson Resources managing director David Harley says an overhaul of the West Australian government's environment rehabilitation scheme aimed at returning $1 billion to resources companies could help keep struggling small and medium size miners afloat.

 

The Australian

Page 1: The first- term problems of the Newman government will give Kevin Rudd more ammunition to fight the conservatives in Queensland, with the latest Newspoll revealing a drop in support for the state’s Liberal National Party.

Technicalities about having ‘‘ two consecutive failed seasons’’ have stopped the Victorian government providing drought assistance to farmers in the state’s south west, despite hundreds of cattle starving to death and the region having its driest nine months on record.

The high seas rescue of a group of asylum- seekers who threatened to kill themselves rather than be returned to Indonesia has fuelled the debate over the dangers of turning back boats.

Page 2: Therese Rein faces multimillion-dollar contractual problems with the British government after her jobseeker company, Ingeus, failed to deliver on promises to get sufficient numbers of long-term unemployed back to work.

Fallout from Kevin Rudd’s home insulation scheme has devastated the industry, which now employs about 1000 fewer people than before the government rolled out the program four years ago as part of its stimulus package.

Page 4: The boss of bionic ear maker Cochlear will today warn that unions have been given too much power by the Rudd-Gillard governments and have held back growth for the past five years, and that Kevin Rudd’s new engagement with business cannot be trusted because he will not wind back union control.

Page 6: The federal Opposition has accused Labor of ‘‘peddling false information’’ after the government told voters the Coalition planned to increase the GST.

Business: Federal Resources Minister Gary Gray and West Australian Premier Colin Barnett are at loggerheads over the federal government’s strong push for the rapid development of Woodside Petroleum’s multi- billion- dollar Browse liquefied natural gas project.

The furore over Newcrest’s continuous disclosure has prompted a broader crackdown by the Australian Securities & Investments Commission on company briefings of analysts in the coming reporting season.

The Australian dollar is set for a torrid week after strong jobs growth in the US, reported on Friday night, and market anxiety about Australia’s labour force survey on Thursday.

Australia's mining sector is stepping up its campaign to cut the duplication of green tape between the federal and state governments, targeting it as an election issue, saying that the industry has paid an extra $820 million over 10 years to gain commonwealth environmental approvals.

Rising public debt levels are more likely to be thwarting the global economic recovery than lending- shy banks, according to top economists at the Bank for International Settlements.

James Packer has highlighted the importance of local gamblers to Crown’s proposed $ 1.5 billion casino- hotel development at Sydney’s Barangaroo, saying they will match the profit contribution of international high- rollers.

Junior manganese explorer Shaw River has negotiated a $ 4million line of credit from its major shareholder, Pilbara iron ore miner Atlas Iron

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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