01/06/2021 - 06:59

Morning Headlines

01/06/2021 - 06:59

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Sunday is funday as rules frozen out

The West Australian government will use its majority in both houses of parliament to dismantle one of the state’s more bizarre trading laws: a requirement for businesses such as cinemas, ice-skating rinks and pool halls that want to open their doors on a Sunday to seek a formal exemption from the commerce minister. The Aus

Compulsory vaccine calls as costs climb

Business leaders are becoming increasingly vocal over Covid vaccination take-up, with the boss of travel giant Flight Centre calling for vaccines to be made mandatory. The Aus

FMG’s Gaines sees little global iron ore production growth

Fortescue Metals Group boss Elizabeth Gaines has hosed down concerns that the revival of Brazilian producer Vale or China backing development of the Simandou deposit in west Africa will crimp Australia’s economy-defining iron ore exports. The Fin

Economic rebound at risk from vaccine rollout: OECD

Government stimulus spending delivered Australia the biggest growth dividend of the major economies last year, but delays rolling out the COVID-19 vaccine leave the economy vulnerable to a large outbreak and new restrictions, the Organisation for Economic Co-operation and Development says. The Fin

ALP mulls levy option to fund aged care

Labor is considering a recommendation by the royal commission into aged care quality and safety to implement a levy to help fund the sector, in the event it decides to wave through the stage three income tax cuts if elected. The Fin

Tabcorp bidder takes swipe at rival

The local chief of bookmaking giant Entain has lashed one of his rivals in the race to buy Tabcorp’s wagering and media business, labelling BetMakers ‘‘a bunch of promises’’ and declaring only Entain can offer Tabcorp investors and the racing industry certainty. The Fin

World chip shortage hits device makers

A global shortage in semiconductor chips is causing so much uncertainty it is being likened to a second COVID-19 by Australian device makers, who are grappling with surging prices and crippling lead time blowouts. The Fin

Calls for calm as under-fire health chiefs get support

Embattled Child and Adolescent Health Service chief executive Aresh Anwar retains the confidence of the chair of the clinical staff association at Perth Children’s Hospital, who also believes Health Minister Roger Cook’s resignation would not help. The West

29Metals IPO targets $609m

Prospective investors in EMR Capital’s copper miner 29Metals are set to question the company this week as part of meetings for its initial public offering attempts to raise between $525.6 million and $609.1 million. The Aus

Super boost for seniors

The Morrison Government has unveiled a one-year extension to a scheme allowing senior Australians to slash drawdown rates on their super pensions. The West

 

 

The Australian Financial Review

Page 1: Victorians face a possible second week in lockdown after 11 new COVID-19 cases and a burgeoning aged care outbreak prompted authorities to warn yesterday that the virus situation had become ‘‘incredibly serious’’.

Page 2: Government stimulus spending delivered Australia the biggest growth dividend of the major economies last year, but delays rolling out the COVID-19 vaccine leave the economy vulnerable to a large outbreak and new restrictions, the Organisation for Economic Co-operation and Development says.

Page 6: Labor is considering a recommendation by the royal commission into aged care quality and safety to implement a levy to help fund the sector, in the event it decides to wave through the stage three income tax cuts if elected.

Page 8: Scott Morrison and Jacinda Ardern say they will not do anything to jeopardise the freedoms and safety Australia and New Zealand enjoy by prematurely expanding the trans-Tasman travel bubble.

A cyber attack has shut down Australia’s biggest meat and food processing company, raising concerns about supply to domestic and export markets.

Page 12: The local chief of bookmaking giant Entain has lashed one of his rivals in the race to buy Tabcorp’s wagering and media business, labelling BetMakers ‘‘a bunch of promises’’ and declaring only Entain can offer Tabcorp investors and the racing industry certainty.

Page 15: Fortescue Metals Group boss Elizabeth Gaines has hosed down concerns that the revival of Brazilian producer Vale or China backing development of the Simandou deposit in west Africa will crimp Australia’s economy-defining iron ore exports.

Page 16: Former eBay Australia CEO Alison Deans is the new chairman of hearing implant pioneer Cochlear, replacing Rick Holliday-Smith.

Page 19: A global shortage in semiconductor chips is causing so much uncertainty it is being likened to a second COVID-19 by Australian device makers, who are grappling with surging prices and crippling lead time blowouts.

 

 

The Australian

Page 2: Christian Porter’s former department knew about plans by printing giant Ovato to restructure in July last year, sparking Labor and union criticism of the Coalition for failing to protect workers and not acting to stop the “abuse” of a taxpayer-funded federal redundancy scheme.

Page 3: The West Australian government will use its majority in both houses of parliament to dismantle one of the state’s more bizarre trading laws: a requirement for businesses such cinemas, ice-skating rinks and pool halls that want to open their doors on a Sunday to seek a formal exemption from the commerce minister.

Page 7: Jacinta Nampijinpa Price, the outspoken deputy mayor of Alice Springs, will compete against Nationals senator Sam McMahon for the Country Liberal Party’s coveted Senate spot, setting up an ugly preselection stoush within the Coalition.

Page 13: Business leaders are becoming increasingly vocal over Covid vaccination take-up, with the boss of travel giant Flight Centre calling for vaccines to be made mandatory.

Page 14: Prospective investors in EMR Capital’s copper miner 29Metals are set to question the company this week as part of meetings for its initial public offering attempts to raise between $525.6 million and $609.1 million.

Page 15: Link Group is under pressure after investors dumped the stock on Monday in the wake of it rebuffing a $3.1 billion cash offer for the Property Exchange Australia business and instead opting to float it at an enterprise value of $3.3 billion.

Page 17: West Australian Premier Mark McGowan has moved to squeeze an extra $195 million out of the state’s iron ore cash cow after increasing port fees by 25 per cent.

 

 

The West Australian

Page 3: Childcare centres and schools should not be nut-free and should avoid blanket bans of food allergens, an international panel of experts has advised.

Page 5: WA has recorded its busiest weekend for COVID-19 vaccine jabs since the start of the rollout more than three months ago.

Page 7: The first repatriation flight from India to Perth is set to touch down tomorrow morning, bringing home about 150 stranded Australians.

Page 10: Embattled Child and Adolescent Health Service chief executive Aresh Anwar retains the confidence of the chair of the clinical staff association at Perth Children’s Hospital, who also believes Health Minister Roger Cook’s resignation would not help.

Business: BHP’s extension of a tougher roster for its Pilbara train drivers to manage worker shortages could prompt an exodus within its ranks, a union has warned.

Qantas has called on every business in Australia to follow its lead in encouraging people to get the COVID-19 vaccination, dubbing the effort to permanently reopen the economy a “Team Australia” moment.

The Morrison Government has unveiled a one-year extension to a scheme allowing senior Australians to slash drawdown rates on their super pensions.

A swag of Australian designer brands are set to join the $800 million Karrinyup shopping centre redevelopment, as a report reveals the booming fashion industry employs almost twice as many people as the mining sector.

The Australian economy may be growing at a solid clip with confidence at multi-year highs, but there are few signs people are willing to take on a loan outside of housing.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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