05/10/2020 - 07:00

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05/10/2020 - 07:00

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Budget to deliver $1.lb infrastructure fund for WA

WA will get a $1.1 billion infrastructure boost to upgrade roads, replace bridges and build interchanges and freight networks in a major Federal Budget measure that will generate close to 7000 jobs across the State over the next four years. The West

Protectionism could backfire on WA Premier: Cormann

Finance Minister Mathias Cormann says economic protectionism, not public health, appears to be the sole reason the Western Australian government is keeping its borders closed to states that pose little or no coronavirus threat, and this will eventually hurt the state. The Fin

Perth-based GenusPlus taps two brokers for $150m IPO

Street Talk understands Perth-based GenusPlus – which counts the likes of BHP, Rio Tinto, Telstra and Optus as clients – has tapped Ashanti Capital and Bell Potter for a $150 million float, expected in the first quarter of 2021. The Fin

Iron ore bonanza puts McGowan in the black

Western Australia is expected to become the only state to forecast a surplus this year on the back of soaring iron ore prices when the McGowan Labor government unveils its fourth budget on Thursday. The Aus

Budget tax cuts to be backdated

Income tax cuts worth billions are set to be backdated to July 1 this year in tomorrow’s federal budget, in a move aimed at providing immediate economic stimulus and putting Labor under pressure to support it. The Fin

Don’t limit first home aid to new builds: industry

The expansion of the first home buyers’ scheme by 10,000 places has been attacked by the real estate industry and builders for targeting only new properties. The Fin

Sector prefers JobTrainer cash to apprentice subsidy

The $1.2 billion for new apprentices revealed on Sunday will support the training sector, but the biggest boost to employment will come from the $1 billion handed out by state and federal governments in July, according to a leading training organisation. The Fin

Seven bowls a bouncer to Cricket Australia over rights

Seven West Media could take Cricket Australia to the Australian Centre for International Commercial Arbitration (ACICA) as soon as this week, to have an independent expert rule on the value of its cricket broadcasting rights. The Fin

Can-do SPC eyes expansion in $100m raising

One of the nation’s most iconic fruit and vegetable processors, the century-old SPC, is making its first move into the frozen prepared-meal category and expanding its offshore operations as it raises $100m from high net worth and institutional investors. The Aus

Get office staff back in the city

The McGowan Government, City of Perth and city employers have been urged to act to save the Perth CBD, which has been likened to a “ghost town” with many employees still working from home. The West

 

 

The Australian Financial Review

Page 1: Income tax cuts worth billions are set to be backdated to July 1 this year in tomorrow’s federal budget, in a move aimed at providing immediate economic stimulus and putting Labor under pressure to support it.

Page 5: The expansion of the first home buyers’ scheme by 10,000 places has been attacked by the real estate industry and builders for targeting only new properties.

Page 6: Finance Minister Mathias Cormann says economic protectionism, not public health, appears to be the sole reason the Western Australian government is keeping its borders closed to states that pose little or no coronavirus threat, and this will eventually hurt the state.

Page 8: The $1.2 billion for new apprentices revealed on Sunday will support the training sector, but the biggest boost to employment will come from the $1 billion handed out by state and federal governments in July, according to a leading training organisation.

Page 10: Seven West Media could take Cricket Australia to the Australian Centre for International Commercial Arbitration (ACICA) as soon as this week, to have an independent expert rule on the value of its cricket broadcasting rights.

Page 16: Markets are being forced to grapple with the firming prospect of a Joe Biden victory after the US election was thrown into doubt following President Donald Trump’s COVID-19 diagnosis.

The world’s largest asset manager, BlackRock, has begun scooping up billions of dollars in local institutional mandates abandoned by rival Vanguard, as the index fund pioneer prepares to go direct to superannuation members.

Page 17: Street Talk understands Perth-based GenusPlus – which counts the likes of BHP, Rio Tinto, Telstra and Optus as clients – has tapped Ashanti Capital and Bell Potter for a $150 million float, expected in the first quarter of 2021.

Page 19: Macquarie Telecom has been accused of copying the product of a former software partner and misleading government agencies about product upgrades that could have left them vulnerable to cyber security problems.

Page 20: Australian companies have been urged to start preparing now for the European Union’s carbon border tax in 2023 or risk getting caught up in a potential fracturing of the world trade system.

 

 

The Australian

Page 1: The nation’s official debt ceiling will be lifted beyond $1.1 trillion, with Tuesday’s crisis budget set to also record a ballooning peak deficit for this year of just over $210bn.

Page 3: Special forces soldiers are being put through ethical leadership training and receiving support to “live better” by improving their spiritual outlook and personal relationships.

Page 4: Western Australia is expected to become the only state to forecast a surplus this year on the back of soaring iron ore prices when the McGowan Labor government unveils its fourth budget on Thursday.

Page 9: The next few days will be “critical” to Donald Trump’s ability to survive COVID-19 his chief of staff said as the White House gave sharply conflicting accounts of the president’s health.

Page 13: Donald Trump’s COVID-19 diagnosis and its potential impact on the upcoming US presidential election has complicated the outlook for global markets before a big week in Australia, with the federal budget and the Reserve Bank meeting due Tuesday.

One of the nation’s most iconic fruit and vegetable processors, the century-old SPC, is making its first move into the frozen prepared-meal category and expanding its offshore operations as it raises $100m from high net worth and institutional investors.

Page 15: Australia’s largest commercial gas user, Incitec Pivot, has urged the federal government to press ahead with a reset of the gas market amid ongoing concern over high prices and supply constraints.

Asahi Lifestyle Beverages, part of the Japanese beverage giant that also owns brewer Carlton & United Breweries, is stepping into the fast-growth energy drink market after inking a deal to distribute market leader Red Bull in Australia.

Page 16: Property developers have welcomed extension of the federal government’s First Home Loan Deposit Scheme and called for an expansion of stimulus measures to the hard-hit apartment sector.

 

 

The West Australian

Page 1: WA will get a $1.1 billion infrastructure boost to upgrade roads, replace bridges and build interchanges and freight networks in a major Federal Budget measure that will generate close to 7000 jobs across the State over the next four years.

Page 5: Tickets go on sale today for the first ever Telethon Family Festival when a day of fun and entertainment will come to Optus Stadium to help children in need in WA.

More children are getting up to date on vaccinations, however, a health report suggests one age group is falling behind on the measles vaccine.

Page 6: A poll shows most West Australians still back Premier Mark McGowan’s hardline hard border policy — but the level of that support is declining.

Page 9: The WA Government was staring down the barrel of having two virus-plagued ships on its shores after a crew member on a Hong Kong-registered container ship reported feeling sick after the vessel had docked at Fremantle.

The rights of older Australians are being ignored and the system designed to keep them safe is failing them, a report says.

Page 14: If you thought paying $22 for avocado toast was expensive, look away now because Perth’s Ritz-Carlton has launched what must be Perth’s most expensive brunch — with boom-time pricing of $245 a head.

Page 17: One of Perth’s biggest IVF clinics says it has had a 25 per cent increase in cycle numbers for the two months after the temporary COVID freeze on procedures, in what is being seen as a pandemic fertility boom.

Page 18: The McGowan Government, City of Perth and city employers have been urged to act to save the Perth CBD, which has been likened to a “ghost town” with many employees still working from home.

Business: Nearly two years after being frozen out of his companies, a Perth man alleged to have operated a $200 million Ponzi scheme has called in administrators ahead of a crucial Federal Court hearing at the end of the month.

In contrast to many companies whose commitment to their staff’s mental health can be measured in words, Bunnings has been at the sharp end of the fight during COVID-19.

Mining executive Mark Caruso will face court in Mandurah today over the first of four charges of unlawful trespass, common assault and aggravated home burglary.

Changi Airport says the impact of the COVID-19 pandemic isn’t abating as officials behind the world’s best airport warn of a “daunting” period ahead.

The resources boom is clogging up Perth Airport’s runways at peak hours, leaving little room for other flights when the hard border comes down.

The coronavirus-induced slump in liquefied natural gas trading looks to be ending.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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