20/11/2020 - 06:48

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20/11/2020 - 06:48

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WA pays business to consume power.

WA pays business to consume power

Western Australia is generating so much solar power that the state-owned distribution network is paying customers to use electricity. The Fin

SG hike to ‘cut lifetime income’

Increasing the compulsory superannuation rate could disadvantage low income earners and cut workers’ lifetime income by 2 per cent, the much-anticipated retirement income review has concluded, opening the door for the Morrison government to delay or even scrap legislated rises. The Fin

Businesses step up hiring amid ‘impressive’ jobs recovery

A surprise 180,000 jobs were added back in the first month of the $101 billion JobKeeper and JobSeeker programs being tapered in, signalling employers are willing to take on more workers in the fastest jobs recovery out of recession. The Fin

Stokes vows to stand by SAS with special fund

Seven West Media chairman Kerry Stokes wants to help members of the Special Air Service Regiment accused of war crimes, their families and other members of the elite military unit through a special fund he helped establish, according to his spokesman. The Fin

Machinery suppliers reap a rich harvest as farmers rebound from drought

New tractors, harvesters and sprayers are working their way across the nation’s farmlands fuelled by record low interest rates, budget stimulus measures and a good dose of confidence thanks to favourable weather which has encouraged machinery investment in the rural sector. The Aus

Mining chief’s China warning

Mineral Resources boss Chris Ellison has warned Australia would be “last in line” if China had alternative sources for the key commodities exported to the economic powerhouse. The West

Unapologetic Seek averts second strike

Seek narrowly avoided a second strike, incurring a 17 per cent protest vote for its remuneration report following a first strike last year, after a proxy adviser made an adverse voting recommendation. The Fin

Call to keep China trade, security apart

Australia must avoid further entrenching its position with China and should separate its economic and security relationships with the Asian superpower to avoid trouble, senior business leaders have warned. The Aus

Recovery in store: online boom, sales growth boost David Jones revenue

David Jones is witnessing early signs of a recovery outside of Victoria, with sales growth in other states and a booming online business providing evidence of a pickup from the lows of earlier this year when the global health crisis emerged. The Aus

Tattarang boots in an idea for a tannery

Billionaire Andrew Forrest’s private investment company is mulling over the idea of building Australia’s first commercial tannery, after its $190 million purchase of RM Williams. The West

 

 

The Australian Financial Review

Page 1: Increasing the compulsory superannuation rate could disadvantage low income earners and cut workers’ lifetime income by 2 per cent, the much-anticipated retirement income review has concluded, opening the door for the Morrison government to delay or even scrap legislated rises.

The government will alter the Better Off Overall Test in an attempt to salvage enterprise bargaining, as part of a set of industrial relations changes that Scott Morrison says will please neither unions nor business.

Page 2: A surprise 180,000 jobs were added back in the first month of the $101 billion JobKeeper and JobSeeker programs being tapered in, signalling employers are willing to take on more workers in the fastest jobs recovery out of recession.

Western Australia is generating so much solar power that the state-owned distribution network is paying customers to use electricity.

Page 4: In what he labelled a ‘‘disgraceful and profound betrayal’’ of professional standards, Assistant Inspector-General of the Australian Defence Force Paul Brereton squarely laid the blame on a clique of non-commissioned officers who demanded junior soldiers ‘‘blood’’ themselves by killing unarmed prisoners, planted weapons to cover up their crimes and misled their superiors.

Page 5: Seven West Media chairman Kerry Stokes wants to help members of the Special Air Service Regiment accused of war crimes, their families and other members of the elite military unit through a special fund he helped establish, according to his spokesman.

Page 7: A ‘‘double ring fence’’ strategy used on a smaller outbreak in August has brought some early success in South Australia’s fresh COVID-19 battle, with no new cases over the 24 hours to yesterday morning.

Page 9: Crown says it should be allowed to open its $2.2 billion Sydney casino even if an inquiry into its operations finds it needs to change its practices before the NSW gaming regulator can consider it ‘‘suitable’’ to hold a gambling licence.

Page 10: The superannuation funds of more than 1 million Australians would be included in the Morrison government’s list of dud products if administration fees and other charges are included in the calculation.

Page 13: The US government has mocked a series of threats issued by China to the Morrison government, saying Beijing was effectively demanding that Australia surrender its sovereignty.

Page 19: Prime Minister Boris Johnson has signalled he wants to see post-Brexit Britain play a bigger military role on the world stage, pumping £16.5 billion ($30 billion) of fresh funding into the country’s defence forces.

Page 20: Oil Search has unveiled bullish plans for a smaller but higher-return oil project in Alaska but analysts are yet to be convinced and say a deal targeted next year to sell a 15 per cent stake to a new investor will be the ultimate test.

Victorian regulators have demanded that Crown Resorts produce critical documents that concede it was ‘‘more probable than not’’ money-laundering occurred in shell accounts linked to its Melbourne and Perth casinos, as pressure mounts following damaging evidence presented to an NSW inquiry.

Page 22: Seek narrowly avoided a second strike, incurring a 17 per cent protest vote for its remuneration report following a first strike last year, after a proxy adviser made an adverse voting recommendation.

Page 23: Flexigroup shares have surged after it announced a deal with Mastercard, which will roll out its buy now, pay later product to global banks to help them compete against the likes of Afterpay as credit card usage further tanks.

 

 

The Australian

Page 4: Scott Morrison has assured Australians that misconduct by special forces in Afghanistan will be dealt with “very seriously” and measures implemented to ensure the same mistakes “can’t be repeated” following a damning warcrimes probe.

Page 9: The chair of the commonwealth’s chief advisory committee on infection control has blamed poor infection control practices within public hospitals and doctors’ apathy for the high rate of COVID-19 cases in healthcare workers, rejecting airborne spread of the virus as the predominant mode of transmission.

Page 12: The Boeing 737 Max airliner was cleared to fly again on Thursday Australian time, 20 months after two disasters that exposed lethal design flaws, poor management and oversight failures by the American aviation regulator.

Page 17: Australia must avoid further entrenching its position with China and should separate its economic and security relationships with the Asian superpower to avoid trouble, senior business leaders have warned.

Page 19: Conglomerate Washington H. Soul Pattinson has joined with Regis Healthcare co-founder Bryan Dorman to lob a $555m takeover bid for the listed aged care provider.

David Jones is witnessing early signs of a recovery outside of Victoria, with sales growth in other states and a booming online business providing evidence of a pickup from the lows of earlier this year when the global health crisis emerged.

Page 21: New tractors, harvesters and sprayers are working their way across the nation’s farmlands fuelled by record low interest rates, budget stimulus measures and a good dose of confidence thanks to favourable weather which has encouraged machinery investment in the rural sector.

 

 

The West Australian

Page 6: Most of Australia’s coalition partners in Afghanistan have faced allegations of war crimes and it is likely that prosecutors here will face similar obstacles to those encountered overseas, including “mental health defences”.

Page 9: Retailers hope a surge in “self-gifting” among those who are cashed up with nowhere to go this festive season will help lift WA out of its economic funk.

WA has the biggest booze problem in the country when it comes to ending up in hospital, with more than one in five emergency department admissions related to alcohol, a survey has revealed.

Page 14: Mark McGowan has warned Perth hotel quarantine workers who refuse to undergo mandatory COVID-19 testing they could lose their job.

Page 16: Mineral Resources boss Chris Ellison has warned Australia would be “last in line” if China had alternative sources for the key commodities exported to the economic powerhouse.

Page 28: Sorrento beach will be without a shark barrier this summer, with the damaged net to be removed as soon as next week.

Business: WA bosses say they are struggling to find enough staff, as the latest jobs data showed the State recorded a fall in the unemployment rate last month.

Australia’s small business ombudsman Kate Carnell says a decision now on whether to raise the superannuation guarantee rate would be a “mistake” given the economic instability and precarious situation many businesses find themselves in.

Bitcoin is seizing the spotlight from gold as a hedge against risks such as further dollar weakness or a pick-up in inflation, after widening its performance lead over the yellow metal.

The State Government has launched a new initiative to improve clarity on planned infrastructure projects and help smaller companies secure more work.

Billionaire Andrew Forrest’s private investment company is mulling over the idea of building Australia’s first commercial tannery, after its $190 million purchase of RM Williams.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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