13/07/2021 - 06:55

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13/07/2021 - 06:55

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Plans for ‘world’s biggest’ renewable hub to be in WA

The world’s biggest renewable energy hub — capable of nearly doubling the entire country’s generation capacity — is being planned for the southern coast of WA. The West

West best as shopping centre vacancies dip to pre-virus levels

Retail vacancies in some of Western Australia’s biggest shopping centres are now lower than they were before the pandemic, as the state’s booming economy and its relative escape from the worst of the virus drive a recovery for brick and mortar traders. The Aus

Tourism sector will bounce back: Tehan

The Australian government will extend subsidies to international airlines to make up for the lack of paying passengers, but any brand damage to Australia from border closures will be shortlived, says Trade and Tourism Minister Dan Tehan. The Fin

High-income tax cuts to stay

The federal Labor Party is set to go to the next election vowing to leave untouched the stage-three income tax cuts if it forms government, heading off a Coalition campaign to portray it as high taxing and anti-aspirational. The Fin

NAB tips $20 million into private wealth renovation

National Australia Bank will deploy $20 million to its JBWere private wealth arm to revamp its technology platform and beef up its range of green and alternative investments in a bid to lure the next generation of rich entrepreneurs and inheritors. The Fin

Ex-Northern Star Resources chief earns $32m    

Recently departed Northern Star Resources boss Bill Beament was catapulted up the ranks of the country’s highest paid bosses last year, earning nearly $32 million as COVID-19 reined in chief executive pay elsewhere. The West

Get ready for negative rates: APRA to banks

The prudential regulator wants banks to be prepared for zero and negative interest rates, and has called on them to take all ‘‘reasonable steps’’ to ensure their technology systems can deal with extreme monetary policy settings. The Fin

Hartzer lands at Beforepay ahead of IPO

Former Westpac Banking Corporation chief executive Brian Hartzer is poised to return to the Australian financial services scene, taking on the role of chairman of salary-based buy now, pay later start-up Beforepay as the company hurtles down the runway to an expected IPO later this year. The Fin

Producers warn on gas cap threat

Big gas producers have written to Resources Minister Keith Pitt warning the federal government that Australia could turn into Venezuela if it puts a cap on gas exports as an acrimonious battle over high spot prices rumbles through the industry. The Aus

Innovators look to local hospitality industry

After taking the international fast food scene by storm with its self-stabilising table technology, a South West family business is eyeing opportunities closer to home amid a surge in hospitality spending. The West

 

 

The Australian Financial Review

Page 1: Bonuses of blue-chip company bosses took the biggest hit on record last year, with nearly a third of ASX 100 chief executives receiving no annual boost to their base salary.

The federal Labor Party is set to go to the next election vowing to leave untouched the stage-three income tax cuts if it forms government, heading off a Coalition campaign to portray it as high taxing and anti-aspirational.

Page 3: Sex Discrimination commissioner Kate Jenkins has urged the Morrison government to lower the threshold for outlawing sexist conduct and expressly require employers to eliminate sexual harassment at work, championing the latter as a ‘‘powerful tool’’ for systemic change.

Page 8: Company directors and lawyers have rejected a Morrison government proposal to ensure class action members receive at least 70 per cent of any payout, saying they fear ‘‘the floor will become the ceiling’’.

Page 9: According to the Australian Competition and Consumer Commission’s Scamwatch, almost 6500 Australians have reported phone calls from scammers trying to convince them to download software that allows access to home computers and their bank accounts.

Page 10: The Australian government will extend subsidies to international airlines to make up for the lack of paying passengers, but any brand damage to Australia from border closures will be short lived, says Trade and Tourism Minister Dan Tehan.

Page 13: National Australia Bank will deploy $20 million to its JBWere private wealth arm to revamp its technology platform and beef up its range of green and alternative investments in a bid to lure the next generation of rich entrepreneurs and inheritors.

Page 14: Nine chief executive Mike Sneesby is spruiking the success of the media company’s ‘‘total television’’ approach after Wimbledon and the Wallabies rugby union Test match against France drove subscription growth for fledgling Stan Sport.

Page 16: The prudential regulator wants banks to be prepared for zero and negative interest rates, and has called on them to take all ‘‘reasonable steps’’ to ensure their technology systems can deal with extreme monetary policy settings.

Page 17: ASX-listed share-trading platform SelfWealth will add cryptocurrencies as more than two-thirds of its customer base of active traders and self-managed super investors hold or plan to invest in digital assets.

Page 19: Former Westpac Banking Corporation chief executive Brian Hartzer is poised to return to the Australian financial services scene, taking on the role of chairman of salary-based buy now, pay later start-up Beforepay as the company hurtles down the runway to an expected IPO later this year.

 

 

The Australian

Page 1: The NSW government will pay coronavirus-hit businesses to keep employees in their jobs in a rescue package to be unveiled as early as Tuesday, as industry leaders brace for Sydney’s lockdown to extend for another four to six weeks.

Six-year agreements limited to projects in excess of $1bn that provide for annual pay rises up to 5 per cent are among “concessions” being proposed by employers to try to win ALP support for the Coalition’s fresh bid to legislate longer pay deals on major projects.

Page 4: Retail vacancies in some of Western Australia’s biggest shopping centres are now lower than they were before the pandemic, as the state’s booming economy and its relative escape from the worst of the virus drive a recovery for brick and mortar traders.

Page 14: The country’s largest superannuation fund, AustralianSuper, is considering an investment in Bain Capital’s initial public offering hopeful Retail Zoo, sources say.

Page 15: Big gas producers have written to Resources Minister Keith Pitt warning the federal government that Australia could turn into Venezuela if it puts a cap on gas exports as an acrimonious battle over high spot prices rumbles through the industry.

 

 

The West Australian

Page 1: WA’s border with NSW is now even harder, with West Australians wanting to come home from the COVID-stricken State told they don’t have a guaranteed right of entry.

Page 5: Renewed calls for a cable car from the river to Kings Park should trigger a public discussion about the proposal, WA’s peak tourism body says.

Page 6: The world’s biggest renewable energy hub — capable of nearly doubling the entire country’s generation capacity — is being planned for the southern coast of WA.

Page 7: Fungi, seaweed and insects will regularly be on dining tables by 2050, while lamb and beef will “only be eaten at Christmas”, according to leading Australian dieticians.

Page 10: Cyber criminals are using the coronavirus pandemic to target people working from home — whom they consider “soft targets” that may accidentally click on the wrong thing due to distractions like children.

Page 11: Bali’s plan to reopen to international tourists this month has been put on hold indefinitely as Indonesia is overrun by the Delta strain of COVID-19.

Business: Recently departed Northern Star Resources boss Bill Beament was catapulted up the ranks of the country’s highest paid bosses last year, earning nearly $32 million as COVID-19 reined in chief executive pay elsewhere.

Perth-listed biotech PharmAust will investigate a treatment for a cancer-inducing virus through a new partnership with the Walter and Eliza Hall Institute.

After taking the international fast food scene by storm with its self-stabilising table technology, a South West family business is eyeing opportunities closer to home amid a surge in hospitality spending.

Business: Chalice Mining boss Alex Dorsch says the company will not retain a holding in its gold spin-off, with plans for a 100 per cent in-specie distribution to existing shareholders.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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