06/10/2020 - 06:43

Morning Headlines

06/10/2020 - 06:43

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Wage help for the young. Bosses who give a job to an unemployed young person will receive a wage subsidy from the government under a measure to help bring down the jobless rate.

Wage help for the young

Bosses who give a job to an unemployed young person will receive a wage subsidy from the government under a measure to help bring down the jobless rate. The Fin

Tax proposal could boost MBA students

The cost of studying to switch careers could be tax deductible under a budget proposal the government is considering that would save MBA students up to $40,000. The Fin

Poll shows WA-xit fair dinkum

One-in-four West Australians want to permanently break away from the rest of Australia, according to a poll, amid concern single-issue political parties will try to exploit secessionist sentiments at the State election. The West

RBA likely to hold rates at 0.25pc

The Reserve Bank is set to keep official interest rates on hold at 0.25 per cent when it meets today, as it waits for the effects of at least another $25 billion in extra government funding in tonight’s federal budget. The Fin

Tax breaks on the road to recovery

Average families will receive up to $5000 in income tax relief and young Australians will be targeted through a back-to-work wage subsidy in a budget that will map a path to economic recovery and seek to prevent a lost generation of unemployed. The Aus

Push for heritage act

The State Government will aim to introduce new Aboriginal heritage legislation to Parliament before the end of the year regardless of whether a Federal parliamentary committee probing the issue completes its report by December as planned. The West

Another $2bn to build our recovery

Scott Morrison will unveil more than $2bn in extra infrastructure projects in Tuesday’s federal budget, as his government relies on road and rail investment to create jobs and help drive the COVID-19 economic recovery. The Aus

Situation ‘critical’ for aviation sector funding

Aviation companies have warned that the safety of the industry is at stake if funding is not forthcoming from the federal government in Tuesday’s budget. The Aus

WA ‘too full’ for interstate holidaymakers

WA’s regions are so full of tourists they could not accommodate Eastern States visitors if the hard border were to come down, according to Tourism Minister Paul Papalia. The West

Kairos to double drill campaign

Kairos Minerals will double the size of a proposed drilling program after the Pilbara-focused gold explorer locked in $9 million in a placement last month. The West

 

 

The Australian Financial Review

Page 1: Bosses who give a job to an unemployed young person will receive a wage subsidy from the government under a measure to help bring down the jobless rate.

The Morrison government’s big spending budget and the anticipated pull forward and backdating of billions of dollars worth of income tax cuts lit up the equity market yesterday, adding to a relief rally triggered by the apparent health of US President Donald Trump.

Page 4: The cost of studying to switch careers could be tax deductible under a budget proposal the government is considering that would save MBA students up to $40,000.

Page 5: Elderly Australians and their families will benefit from a new capital gains tax exemption for granny flats, under changes to be included in today’s federal budget.

Page 6: Business leaders have put their last-minute pitches to government for support in the 2020 federal budget, with infrastructure spending, lifelines for ailing industries and tax cuts topping CEO wish lists.

The Reserve Bank is set to keep official interest rates on hold at 0.25 per cent when it meets today, as it waits for the effects of at least another $25 billion in extra government funding in tonight’s federal budget.

Page 8: Arrivals from New Zealand, Singapore, South Korea or Taiwan should skip hotel quarantine due to low COVID-19 infection rates among returned travellers, says a leading epidemiologist.

Page 9: Two-thirds of Australians want state borders reopened by Christmas, with growing numbers of Queenslanders and West Australians chafing against the hardline stance of their premiers keeping their states shut.

Page 12: Vanguard’s retreat from managing money on behalf of competitor superannuation funds was partly inspired by the $9 trillion fund manager’s desire to distance itself from the high fees and poor performance of clients.

Page 14: New Zealand dairy giant Fonterra has sold its China Farms business for $NZ555 million ($514 million) to pay down debt and focus on domestic producers.

Page 15: CIMIC’s global parent, Grupo ACS, will receive a cash injection of at least $4.5 billion if it accepts an $8 billion offer from French infrastructure group Vinci for its industrial services business, relieving pressure on its global cash flows.

 

 

The Australian

Page 1: Average families will receive up to $5000 in income tax relief and young Australians will be targeted through a back-to-work wage subsidy in a budget that will map a path to economic recovery and seek to prevent a lost generation of unemployed.

Page 2: Business travel will never return to pre-COVID levels, according to Airbnb CEO Brian Chesky, who says travel has been irrevocably changed by the pandemic.

Page 6: Scott Morrison will unveil more than $2bn in extra infrastructure projects in Tuesday’s federal budget, as his government relies on road and rail investment to create jobs and help drive the COVID-19 economic recovery.

Page 15: Truckies have branded the continued industrial action from their wharfie colleagues at ports around Australia as an act of “self interest” that consumers will ultimately pay for.

Aviation companies have warned that the safety of the industry is at stake if funding is not forthcoming from the federal government in Tuesday’s budget.

Page 16: Newcrest Mining chief Sandeep Biswas has emerged as one of the ASX’s best paid chief executives as the gold miner rode surging bullion prices over the past year.

 

 

The West Australian

Page 1: Millions of Australians will pocket from $1000 to $2500 thanks to billions of dollars in tax cuts to be brought forward by the Morrison Government in today's Federal Budget.

Page 3: One-in-four West Australians want to permanently break away from the rest of Australia, according to a poll, amid concern single-issue political parties will try to exploit secessionist sentiments at the State election.

WA’s regions are so full of tourists they could not accommodate Eastern States visitors if the hard border were to come down, according to Tourism Minister Paul Papalia.

Page 12: Eight artefacts of cultural significance to the Yindjibarndi community in the Pilbara have been returned after more than a century in overseas’ hands.

Business: The State Government will aim to introduce new Aboriginal heritage legislation to Parliament before the end of the year regardless of whether a Federal parliamentary committee probing the issue completes its report by December as planned.

New figures released yesterday by the Federal Chamber of Automotive Industries showed new car sales in the State rose 1.5 per cent in September.

Finnish tech company Aiwo plans to establish a Perth headquarters, with news of its move renewing local calls to get workers back into the city.

Perth-based software developer Intiger Group is set to acquire Australian fintech company Complii through an off-market takeover.

WA business owners say there is a renewed sense of confidence among local companies, as a report shows the State is leading the nation in terms of activity and conditions.

Construction is showing signs of improving across the country with the exception of Victoria, where activity has sunk to the levels seen when the coronavirus pandemic first hit.

Kairos Minerals will double the size of a proposed drilling program after the Pilbara-focused gold explorer locked in $9 million in a placement last month.

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