25/09/2020 - 06:57

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25/09/2020 - 06:57

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Record investment heralds resources resurgence. New data has confirmed WA’s resources sector is enjoying a genuine resurgence with investment rising for the first time since the mining boom of nearly a decade ago.

Record investment heralds resources resurgence

New data has confirmed WA’s resources sector is enjoying a genuine resurgence with investment rising for the first time since the mining boom of nearly a decade ago. The West

No budget deficit repair until jobless drops below 6pc

The federal budget will remain in deficit for the foreseeable future but the government will not focus on a return to surplus and stabilising debt until the unemployment rate is ‘‘comfortably’’ below 6 per cent, Treasurer Josh Frydenberg says. The Fin

Comcare to probe actions at Cleanaway

Comcare, the federal government’s workplace health and safety agency, has opened an investigation into Cleanaway Waste Management following revelations of probes into alleged bullying by chief executive Vik Bansal, who yesterday was docked $2.3 million in performance rights. The Fin

Qantas clipped for misusing JobKeeper

Qantas workers are owed thousands of dollars in backpay after a court held the airline had been misusing JobKeeper in way that has meant it is pocketing parts of the wage subsidy. The Fin

‘Responsible’ lending laws to be axed

Responsible lending laws that fuelled a bitter court fight between the corporate regulator and Westpac will be scrapped for banks, which will be subject to less onerous credit rules to encourage the flow of loans and boost the economic recovery from the COVID-19 recession. The Fin

Coles bonuses to hinge on online success

Coles boss Steven Cain and his executive leadership team will have a greater portion of their short-term incentives governed by the supermarket’s success in online shopping, following changes made by the Coles board to its remuneration policy that reflect the retailer’s growing digital presence. The Aus

True cost of health shortfall

The McGowan Government has been accused of missing its own targets to address a “massive shortfall” of mental health support services in the community. The West

Dutton pushes trusted 5G suppliers to stop espionage

Peter Dutton has stepped up calls for countries to decouple their technology networks from suppliers, including those in China, who could be forced to facilitate espionage, sabotage and foreign interference. The Fin

Online shopping addiction

Nearly a quarter of adults admit being “practically addicted” to online shopping and feel more excited about a delivery than in finishing work for the day. The West

Scrapped takeover hurts Pioneer

Pioneer Credit has swung to a $40 million annual loss after booking more than $22m of costs linked to its protracted refinancing and private equity company Carlyle’s terminated takeover bid. The West

 

 

The Australian Financial Review

Page 1: Responsible lending laws that fuelled a bitter court fight between the corporate regulator and Westpac will be scrapped for banks, which will be subject to less onerous credit rules to encourage the flow of loans and boost the economic recovery from the COVID-19 recession.

The federal budget will remain in deficit for the foreseeable future but the government will not focus on a return to surplus and stabilising debt until the unemployment rate is ‘‘comfortably’’ below 6 per cent, Treasurer Josh Frydenberg says.

Hard on the heels of the recordbreaking $1.3 billion fine against Westpac for breaches of anti-money laundering laws, the financial intelligence regulator, AUSTRAC, has signalled it has a new target in its sights.

Page 2: Peter Dutton has stepped up calls for countries to decouple their technology networks from suppliers, including those in China, who could be forced to facilitate espionage, sabotage and foreign interference.

Page 4: The major banks have won the argument that responsible lending has squeezed access to credit, with the Morrison government set to change the rules 18 months after Royal Commissioner Kenneth Hayne implored the financial services industry to ‘‘apply the law as it stands’’.

Page 5: Thousands of small businesses could still fail because they are unlikely to be able to pay employee entitlements required under proposed new insolvency restructuring laws, corporate undertakers warn.

Page 6: Australia has reached near elimination of new local COVID-19 cases, with key caseload, community transmission, active cases and reproduction measures all confirming successful control over the virus.

Page 18: Comcare, the federal government’s workplace health and safety agency, has opened an investigation into Cleanaway Waste Management following revelations of probes into alleged bullying by chief executive Vik Bansal, who yesterday was docked $2.3 million in performance rights.

The boss of Australia’s biggest brickmaking company says orders and sales for most products have increased in September in a better sign for the local housing market as he predicts property prices in regional centres outside of cities to make the best gains.

Page 20: Coles will take into account online sales growth in determining bonuses for senior executives, underlining the growing importance of e-commerce as more consumers buy their food and liquor online.

Page 21: Qantas workers are owed thousands of dollars in backpay after a court held the airline had been misusing JobKeeper in way that has meant it is pocketing parts of the wage subsidy.

 

 

The Australian

Page 1: Dean Jones, the man with the dancing feet and flashing blade who defined the excitement of 1980s cricket, has died in a Mumbai hotel surrounded by cricketing legends.

Anthony Albanese’s staunchest union supporter has lashed energy spokesman Mark Butler for an anti-coal and gas speech labelled a “gratuitous insult” to blue-collared workers and regional communities.

Page 2: The small business sector is calling for a voucher scheme for employers looking to restructure and more help for sole traders, as it welcomes Josh Frydenberg’s insolvency reforms.

Page 9: The world has long fretted about the outbreak of a catastrophic war on the Korean peninsula, but the real danger may lie 1600km away in the Taiwan Strait, where the largest army on the planet is flexing its increasing might against a democratic island of just 24 million people.

Page 14: BGH Capital is believed to be pressing on with its $479m acquisition plans for Village Roadshow despite the company’s announcement this week that it had lost its Warner Brothers film distribution contract.

Page 16: Qantas has raised a snappy $1m with the sale of 1000 bar carts salvaged from the airline’s now retired Boeing 747 fleet.

Coles boss Steven Cain and his executive leadership team will have a greater portion of their short-term incentives governed by the supermarket’s success in online shopping, following changes made by the Coles board to its remuneration policy that reflect the retailer’s growing digital presence.

French conglomerate Louis Vuitton Moet Hennessy has signed a peace deal that will see Moet champagne flowing once again at Dan Murphy’s.

Page 20: BHP has struck a deal to take a majority stake in a Northern Territory copper project, underlining a greater focus on building joint exploration ventures with junior miners as it boosts its exposure into “future facing” commodities including copper and nickel.

 

 

The West Australian

Page 10: Australians will more easily be able to buy a house, with the Federal Government embarking on “the most significant reforms” to Australia’s credit scheme in more than a decade.

There are fears lives will be put at risk by the WA Health Department’s preference for elderly people infected with COVID-19 to be treated at their aged-care home instead of being sent to hospital.

Page 11: A coronavirus vaccine could be available six months earlier after a groundbreaking study proposed by a Brisbane school student was approved.

Page 14: Tiny “wind turbines” strapped to our wrists could spell the end of having to plug our phones into chargers, scientists say.

Page 20: Nearly a quarter of adults admit being “practically addicted” to online shopping and feel more excited about a delivery than in finishing work for the day.

Page 34: Unborn babies may be at risk of exposure to traffic pollution containing heavy metals.

Page 61: The McGowan Government has been accused of missing its own targets to address a “massive shortfall” of mental health support services in the community.

Business: New data has confirmed WA’s resources sector is enjoying a genuine resurgence with investment rising for the first time since the mining boom of nearly a decade ago.

Pioneer Credit has swung to a $40 million annual loss after booking more than $22m of costs linked to its protracted refinancing and private equity company Carlyle’s terminated takeover bid.

Rebounding barley prices have brought relief to WA farmers after big falls triggered by the introduction of hefty Chinese tariffs in May.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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