16/06/2021 - 06:52

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16/06/2021 - 06:52

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Farm, visa deal wins FTA

Tariffs on key Australian farm exports to the United Kingdom will be phased out over a decade and working visa restrictions relaxed, under a compromise that enabled Prime Minister Scott Morrison and his British counterpart Boris Johnson to sign a ‘‘gold standard free trade deal’’. The Fin

Figures reveal green plan cost

The WA Liberals’ signature green energy plan would have cost taxpayers more than $15 billion if the party won power at the State election, according to Treasury officials. The West

Telstra, Seven West set to fire up HealthEngine float

The Telstra and Seven West Media-backed online health directory HealthEngine is believed to be launching an initial public offering as healthcare groups remain in high demand at a time of low interest rates. The Aus

$1m just to buy a house

Most people in Perth will be living in million-dollar houses in a dozen years, with the median price set to hit the million-dollar mark in 2033. The West

Trading platform is a ‘scientific calculator in a market of Game Boys’

Perth-based share-trading platform Marketech has raised $1.5 million from institutions and wealthy individuals including former Afterpay director Mike Jefferies and British reality TV star Richard Farleigh. The Fin

Net zero critical for gas to avoid fate of coal: Santos chief

Santos chief executive Kevin Gallagher has led a wave of oil and gas industry leaders warning that achieving net zero emissions will be critical for the natural gas industry to avoid coal’s fate of being blacklisted by equity investors and lenders. The Fin

New housing a part of $200m golf course redevelopment

The Vines WA has a $200 million plan to redevelop its Swan Valley golf course, which will involve removing 15ha of the green to make way for hundreds of houses. The West

ASEAN visa scheme to tackle farming crisis

A new visa scheme enabling agricultural workers to be recruited from 10 south-east Asian nations is expected to be unveiled today in response to a growing shortage of farm workers which will be further exacerbated by a free trade deal with Britain. The Fin

Elite unis’ 4000 foreign deals put under security microscope

More than 6000 university deals with foreign powers are being scrutinised by Foreign Minister Marise Payne, as she considers vetoing any contrary to the national interest. The Aus

LNG players hit back at Forrest fire

Woodside Petroleum’s interim boss Meg O’Neill has dismissed criticism of the oil and gas sector by WA mining billionaire Andrew Forrest, instead talking up the green credentials of the company’s proposed $US11 billion ($14b) Scarborough LNG project. The West

 

 

The Australian Financial Review

Page 1: Tariffs on key Australian farm exports to the United Kingdom will be phased out over a decade and working visa restrictions relaxed, under a compromise that enabled Prime Minister Scott Morrison and his British counterpart Boris Johnson to sign a ‘‘gold standard free trade deal’’.

Santos chief executive Kevin Gallagher has led a wave of oil and gas industry leaders warning that achieving net zero emissions will be critical for the natural gas industry to avoid coal’s fate of being blacklisted by equity investors and lenders.

Page 4: West Australian Premier Mark McGowan has called on the Morrison government to stop its anti-China rhetoric amid fears of another round of trade sanctions following the G7 rebuke of Beijing.

A new visa scheme enabling agricultural workers to be recruited from 10 south-east Asian nations is expected to be unveiled today in response to a growing shortage of farm workers which will be further exacerbated by a free trade deal with Britain.

Page 6: Meeting diversity targets is one of the factors considered when awarding short-term bonuses at BHP to encourage managers to bring more women into the mining company.

Page 7: The Commonwealth Bank of Australia and National Australia Bank are again under scrutiny for their compliance with anti-money laundering laws, after an investigation into one of their partners is set to result in sanctions being imposed in Papua New Guinea.

Page 10: The Coalition’s signature superannuation reforms will cement the power of a few large industry super funds the government has previously accused of bad behaviour, as senators consider whether underperforming funds should be allowed to benefit from the proposed changes.

Page 11: Deliveroo is challenging a ruling that could reinvent employment by finding that new technologies and responses to the COVID-19 pandemic mean people can work for multiple businesses simultaneously and still be considered employees.

Page 13: Queenslander Clive Palmer rejected suggestions he was an enemy of Western Australia following the first day of his $30 billion courtroom showdown with the state government.

Page 16: China’s determination to reduce its consumption of Australian exports has helped increase demand for Indonesian coal, according to the country’s peak industry body.

Page 17: The chief executive of one of PEXA’s smaller rivals, the ASX-backed Sympli, says true competition is likely to arrive in the $280 million electronic conveyancing market in Australia only towards the end of calendar 2022, with PEXA having an effective monopoly until then.

Page 19: Perth-based share-trading platform Marketech has raised $1.5 million from institutions and wealthy individuals including former Afterpay director Mike Jefferies and British reality TV star Richard Farleigh.

Page 20: The Middle East’s largest airline, Emirates, yesterday announced a net loss of $US5.5 billion ($7.1 billion) over the past year as revenue fell by more than 66 per cent due to global travel restrictions sparked by the pandemic.

Page 21: US private equity firm Oaktree has increased its offer by $100 million to $3.1 billion to buy ‘‘some or all’’ of James Packer’s 37 per cent stake in Crown Resorts in a debt-equity hybrid deal that one analyst dismissed as ‘‘underwhelming’’.

Page 23: ViacomCBS has splashed $100 million to secure more soccer broadcast rights as it looks to cement free-to-air Network 10 and subscription streaming offering Paramount+ as the home of soccer.

Page 24: Santos boss Kevin Gallagher has dismissed criticism from Andrew Forrest around the company’s Barossa LNG project as ‘‘not relevant’’ and probably motivated by the iron ore billionaire’s latest business interests.

 

 

The Australian

Page 1: High-profile businessman Geoff Cousins has quit the Australian Club and has urged others to do the same after members of the prestigious Sydney institution voted against allowing women to join, describing his distress at the “guffaws and giggling” in the room ahead of the ballot.

More than 6000 university deals with foreign powers are being scrutinised by Foreign Minister Marise Payne, as she considers vetoing any contrary to the national interest.

Page 2: Australians’ homes are now collectively worth more than $8 trillion, a new milestone achieved amid a Covid-19 property boom that also pushed average dwelling prices in NSW above $1m for the first time.
Page 5: Federal parliament’s only submariner Rex Patrick says the time has come for the government to cancel its $90bn billion order for 12 French submarines and switch to an off-the-shelf boat or “Son of Collins” design.

Page 13: Listed shipbuilder Austal has become the latest to sound the alarm on closed borders, warning that access to skilled labour will sink its profit.

Page 14: The Telstra and Seven West Media-backed online health directory HealthEngine is believed to be launching an initial public offering as healthcare groups remain in high demand at a time of low interest rates.

Page 16: Final bids for Westpac’s $1.78bn life insurance division are due on June 25 as the bank approaches the business end of its broad asset sale program.

 

 

The West Australian

Page 3: The WA Liberals’ signature green energy plan would have cost taxpayers more than $15 billion if the party won power at the State election, according to Treasury officials.

Page 9: Most people in Perth will be living in million-dollar houses in a dozen years, with the median price set to hit the million-dollar mark in 2033.

Page 11: The State Government is struggling to find at least four more courtrooms to house a backlog of criminal trials — a crisis compounded by a clause which prevents any of them being held in the plush $280 million justice centre in the heart of the city.

Page 19: Laws set to pass Parliament will unmask and punish online predators and curb their hosts.

Business: Woodside Petroleum’s interim boss Meg O’Neill has dismissed criticism of the oil and gas sector by WA mining billionaire Andrew Forrest, instead talking up the green credentials of the company’s proposed $US11 billion ($14b) Scarborough LNG project.

Telstra has doubled the number of spam calls it blocks in just four months, with its monthly tally now averaging about 13 million blocked calls.

Veteran Perth developer Norm Carey is pursuing a husband and wife architecture firm that has been mothballed while they fight a professional negligence claim.

Australia’s powerful economic recovery is the centre of attention for policymakers in a pandemic environment that demands focus on the short term, but a former Reserve Bank board member warns it overshadows darkening clouds on the horizon.

The Vines WA has a $200 million plan to redevelop its Swan Valley golf course, which will involve removing 15ha of the green to make way for hundreds of houses.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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