01/07/2021 - 06:53

Morning Headlines

01/07/2021 - 06:53

Bookmark

Save articles for future reference.

WCE & HBF execs in call on men’s club members’ ability to rule on diversity

Three of WA’s most well-known business leaders have questioned how company directors who are members of exclusive gender-based clubs can also oversee diversity policies in organisations. The West

Childcare fees going up $17.50 a day

Data from KindiCare, an app which compares the cost and quality of childcare centres, has found the Perth CBD, with an average of $155.70 a day before subsidies, is the most expensive, followed by West Leederville with an average of $144.63, then Yokine, Como and Nedlands. The West

Feds strike back over virus blame

State and federal relations have hit a new low in the battle to contain COVID-19, with the Morrison government accusing the Queensland government of trying to cover up its own failures which have led to shutdowns in that state and virus breakouts in two others. The Fin

Pitt, miners hit out at BCA blueprint

Resources Minister Keith Pitt has accused the Business Council of Australia of using a reform blueprint to talk down the mining sector and its progress in reducing carbon emissions. The Aus

Business captains push staff vaccines

Australia’s largest employers will consider offering workers flexible hours and access to paid or unpaid leave to help accelerate the vaccine rollout and avoid Covid-19 lockdowns that are threatening the nation’s economic recovery. The Aus

D-Day for dud superannuation funds

Underperforming superannuation funds will be exposed from today, with the launch of the online YourSuper tool that allows people to easily rank and compare them. The Fin

Taxes down, super up from today

Tax relief for businesses and workers, higher superannuation payments and housing assistance for first home buyers are just some of the changes set to occur at the start of the new financial year today, as a host of measures from the 2021 federal budget come into effect. The Fin

ASX tests CHESS successor after COVID-19 delay

ASX has overcome pandemic induced delays to the development of a world first blockchain based clearing and settlement system to replace the ageing CHESS platform and is shifting into a rigorous testing phase to ensure brokers are ready to connect. The Fin

Casino report in hands of Premier

The Perth Casino Royal Commission has submitted its interim report to the Government but has said it is now up to Premier Mark McGowan if and when he releases it. The West

 

 

The Australian Financial Review

Page 1: State and federal relations have hit a new low in the battle to contain COVID-19, with the Morrison government accusing the Queensland government of trying to cover up its own failures which have led to shutdowns in that state and virus breakouts in two others.

Australian shares have posted their best financial year in more than three decades, delivering thundering returns for investors that recall the go-go days of Wall Street, and sending the market value of blue chips beyond $2 trillion for the first time.

Investors have given AGL Energy’s long-awaited demerger plan a humiliating reception, carving another 10 per cent off the heavily coal-reliant group’s market value amid doubts the two new companies to emerge from the process can thrive in a rapidly changing market.

Page 3: Underperforming superannuation funds will be exposed from today, with the launch of the online YourSuper tool that allows people to easily rank and compare them.

Page 5: The hospitality union is concerned over new pay arrangements that would exclude chefs on more than $82,000 a year from overtime and penalty rates, arguing the pandemic hit on restaurants and cafes has lessened and so justifies a cautious approach.

Page 9: Giant gold miner Newmont says it is scrambling to improve conditions after coming under fire over the treatment of more than 700 workers locked down at its remote Tanami operations after a COVID-19 outbreak.

Page 11: Tax relief for businesses and workers, higher superannuation payments and housing assistance for first home buyers are just some of the changes set to occur at the start of the new financial year today, as a host of measures from the 2021 federal budget come into effect.

Page 18: ASX has overcome pandemic induced delays to the development of a world first blockchain based clearing and settlement system to replace the ageing CHESS platform and is shifting into a rigorous testing phase to ensure brokers are ready to connect.

Page 20: Telstra has rebuffed suggestions that its $2.8 billion sale of half its mobile phone tower network could compromise its competitive position after analysts queried whether the move might allow rivals more access to the infrastructure.

Page 22: The corporate regulator says exchange-traded funds linked to crypto assets such as bitcoin create the ‘‘real risk of harm to consumers and markets’’ and must be developed, operated and regulated carefully to maintain market integrity.

 

 

The Australian

Page 1: The National Archives of Australia will receive a significant immediate funding boost to ensure documents, photos, maps, audio and film recordings that tell the story of Australia will be preserved for future generations and digitised to make them more easily accessible.

Australia’s largest employers will consider offering workers flexible hours and access to paid or unpaid leave to help accelerate the vaccine rollout and avoid Covid-19 lockdowns that are threatening the nation’s economic recovery.

Page 2: More than 3.6 million small and medium-sized businesses will have their tax bills slashed, with the company tax rate for firms turning over up to $50m plummeting to its lowest rate in 50 years.

Page 6: Resources Minister Keith Pitt has accused the Business Council of Australia of using a reform blueprint to talk down the mining sector and its progress in reducing carbon emissions.

Page 17: The corporate regulator has warned of the risks of crypto asset exchange-traded products (ETPs), as it takes a step forward in allowing such funds to operate in the local market amid surging demand from retail investors.

National Australia Bank has become the latest of the big four Australian banks to raise its two, three and four-year fixed home loan rates amid a buoyant property market, with other financial lenders set to follow suit.

Page 18: The rural property market has been catapulted into uncharted territory in the past year, as prices hit record highs off the back of historically low interest rates, improved seasonal conditions, record commodity prices and strong investor demand.

Page 20: A few of the best performances in the 2020-21 financial year came from companies that became relatively “unloved” during the early stages of the Covid crisis.

 

 

The West Australian

Page 3: Three of WA’s most well-known business leaders have questioned how company directors who are members of exclusive gender-based clubs can also oversee diversity policies in organisations.

Data from KindiCare, an app which compares the cost and quality of childcare centres, has found the Perth CBD, with an average of $155.70 a day before subsidies, is the most expensive, followed by West Leederville with an average of $144.63, then Yokine, Como and Nedlands.

Page 4: The co-chair of Australia’s peak immunisation advisory group says there’s nothing stopping under-60s from speaking to their GP about getting the AstraZeneca vaccine, but Pfizer remains the preferred jab for younger Australians.

Page 7: Iron ore’s incredible price run has tipped an additional $1.2 billion into WA Government coffers over the past three months, lifting total royalties to more than $11 billion and placing the State on track for a record-smashing $4.3 billion surplus.

Business: Perth’s small businesses want better leadership on the rollout of the COVID-19 vaccine and confirmation on what it will take to end lockdowns as concerns grow they will continue to suffer financially from snap decisions well into next year.

The Perth Casino Royal Commission has submitted its interim report to the Government but has said it is now up to Premier Mark McGowan if and when he releases it.

Elon Musk’s satellite network Starlink is on track to beam broadband internet everywhere in the world except polar regions by August.

Swiss investment bank UBS has played down talk of a global commodities supercycle and has identified iron ore as the raw material with the greatest downside risk.

The merger of two rival WA John Deere farm machinery dealerships — one owned by prominent farmer John Nicoletti — will become official in coming days.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options