13/07/2020 - 06:49

Morning Headlines

13/07/2020 - 06:49

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Morning Headlines

Mining heavyweights pass virus test

Chris Ellison’s Mineral Resources says it will keep up an industry-leading testing regime until there are no cases of COVID-19 in Australia in a sign of how far the resources industry is willing to go to protect its operations. The Fin

Battle stations as MP pressed to intervene

The West Australian government will be asked to make an extraordinary intervention on behalf of Aboriginal people of the Fitzroy River to block the sale of a prized Kimberley cattle station to billionaire Andrew Forrest and his wife Nicola. The Aus

World shuns total lockdowns even as coronavirus fights back

Countries around the world are hanging back from Victoria-style shutdowns, even as a second COVID-19 wave threatens to break over the planet’s lockdown-weary populations and battered economies. The Fin

ASIC takes banks to task over refunds

The corporate regulator has slammed banks and wealth managers for being more willing to spend ‘‘large amounts of money’’ on using consultants such as Deloitte, EY and PwC in their remediation programs rather than risk potentially over-compensating customers dudded by poor financial advice. The Fin

Beach Energy keen for a deal on oil and gas projects

Beach Energy is shaping up to become one of the most active participants in the oil and gas sector sell-off this year, with the $3.3bn Australian-listed producer and explorer said to be looking at all of the assets on offer in the months ahead. The Aus

More than 4.3m workers to receive full $1080 tax rebate

About 4.3 million low and middle-income workers around the country are on track to receive a full $1080 tax rebate promised by the Coalition, new data shows. The Fin

Five occupations certain to get you hired in COVID era

Number crunchers, data and software specialists, engineers and video game developers surged to the top of the hiring pile as the coronavirus pandemic upends Australia’s job market. The Fin

Cyber attack would be worse than COVID: report

A major cyber offensive against Australia would be far more disruptive on people’s lives than the coronavirus pandemic and lead to widespread distrust of critical systems and services, a new report reveals. The Fin

Call for FPC to stump up

WA landowners who grow pine trees under sharefarming agreements with the Forest Products Commission allege they have been underpaid tens of millions of dollars over more than a decade. The West

Regulators, investors prepare for virus snags

Large listed companies have been issued a firm directive to reveal just how reliant they are on the Morrison government’s $70 billion JobKeeper program and other wage support packages around the globe as they prepare for the trickiest reporting season in recent years. The Fin

Risk of one in five kids living in poverty

More than one million Australian children face living below the poverty line if the $550-a-month coronavirus supplement is cut off in September. The Aus

 

 

The Australian Financial Review

Page 1: Countries around the world are hanging back from Victoria-style shutdowns, even as a second COVID-19 wave threatens to break over the planet’s lockdown-weary populations and battered economies.

NSW is urgently tracking 600 people linked to a growing coronavirus outbreak at a south-west Sydney pub as Premier Gladys Berejiklian warned the state was on high alert to avoid a deadly second wave of COVID-19.

Page 3: States and territories have signed on to a Morrison government plan to boost the market for investment in projects designed to solve complex social problems.

Page 4: About 4.3 million low and middle-income workers around the country are on track to receive a full $1080 tax rebate promised by the Coalition, new data shows.

Page 6: The net worth of wealthy Australians likely dropped by up to 10 per cent in the year to April 2020, as the coronavirus pandemic hits locals harder than offshore millionaires.

Page 7: The workplace watchdog will consider reducing ‘‘contrition payments’’ and refraining from litigation over underpayments if businesses are financially struggling as a result of the coronavirus crisis.

Page 8: Number crunchers, data and software specialists, engineers and video game developers surged to the top of the hiring pile as the coronavirus pandemic upends Australia’s job market.

Page 9: A major cyber offensive against Australia would be far more disruptive on people’s lives than the coronavirus pandemic and lead to widespread distrust of critical systems and services, a new report reveals.

Page 13: The corporate regulator has slammed banks and wealth managers for being more willing to spend ‘‘large amounts of money’’ on using consultants such as Deloitte, EY and PwC in their remediation programs rather than risk potentially over-compensating customers dudded by poor financial advice.

Page 15: Large listed companies have been issued a firm directive to reveal just how reliant they are on the Morrison government’s $70 billion JobKeeper program and other wage support packages around the globe as they prepare for the trickiest reporting season in recent years.

Page 16: TPG and Vodafone Hutchison Australia begin trading as one today, and the company’s first move will be to switch on the old TPG’s abandoned 4G mobile network.

Page 19: Chris Ellison’s Mineral Resources says it will keep up an industry-leading testing regime until there are no cases of COVID-19 in Australia in a sign of how far the resources industry is willing to go to protect its operations.

 

 

The Australian

Page 1: Business leaders say Australia cannot afford more hard lockdowns and are urging national cabinet to provide policy certainty and maintain momentum in reopening the economy, despite Victoria battling to suppress a new outbreak of the coronavirus.

Page 2: The West Australian government will be asked to make an extraordinary intervention on behalf of Aboriginal people of the Fitzroy River to block the sale of a prized Kimberley cattle station to billionaire Andrew Forrest and his wife Nicola.

Page 5: The Morrison government will spend an extra $600m on its new round of one-off $750 stimulus payments to help low-income Australians during the pandemic, as more people have been forced out of work and onto welfare.

Australian scientists are on track to deliver a COVID-19 vaccine this year, with the start on Monday of human trials of the prototype drug.

The childcare sector is nervously watching how families respond to the end of funding from Monday, as some industry leaders warn attendance may drop.

More than one million Australian children face living below the poverty line if the $550-a-month coronavirus supplement is cut off in September.

Page 13: Leading business banker Joseph Healy has called for a public policy response to the emergence of “zombie” firms unable to invest and grow after taking on $40bn in unproductive debt to survive the coronavirus pandemic.

Page 14: Beach Energy is shaping up to become one of the most active participants in the oil and gas sector sell-off this year, with the $3.3bn Australian-listed producer and explorer said to be looking at all of the assets on offer in the months ahead.

Page 19: In a bid to grab more advertising revenue, Network Ten will launch a fourth television channel called 10 Shake in September that will be hosted in the cloud.

 

 

The West Australian

Page 3: Staff leaving some Perth councils are getting golden handshakes worth tens or even hundreds of thousands of dollars through a little-known gratuity program shrouded in secrecy.

Page 7: Fans gatecrashing a West Coast or Fremantle practice session will be fined $1000 under strict quarantine arrangements put in place for the next fortnight.

If a capacity crowd at the nation’s premier sporting venue is not enough to entice AFL’s showcase event to Perth — the game’s long-desired east coast prime-time TV slot could be Optus Stadium’s best selling point.

Page 8: The McGowan Government has been warned its decision to ban Justices of the Peace from hearing minor court matters will clog up the justice system and result in people held in jail for longer periods.

Page 16: A world-first treatment trial for sufferers of a rare and debilitating disease has been given the green light in Australia.

Page 18: Buyers of new BMWs may have to dig even deeper to pay for luxury motoring after bosses announced plans to charge extra to activate features such as heated seats.

Business: Electricians are staring down the barrel of an employment crisis, with one of WA’s biggest electrical contractors considering halving its workforce in the wake of major projects being shelved.

Virgin’s Perth-based operation used to service the mining industry is looking increasingly likely to stay in the company’s fold after new owners Bain Capital entered into a lease agreement for some planes.

WA landowners who grow pine trees under share-farming agreements with the Forest Products Commission allege they have been underpaid tens of millions of dollars over more than a decade.

The first profit from the Chinese-owned Sino Iron magnetite project in the Pilbara was not big enough to cover one-tenth of its interest bill.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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