10/08/2021 - 06:55

Morning Headlines

10/08/2021 - 06:55

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Woodside told to pay outstanding super

WA Industrial Relations Minister Stephen Dawson has called on oil and gas heavyweight Woodside Petroleum to go beyond its statutory obligations and repay the full amount of outstanding superannuation owed to its workers. The Aus

Palmer’s bizarre vax threat

Clive Palmer is threatening legal action to stop the WA Government from rolling out the COVID-19 vaccine. The West

Steel curbs hit China ore needs

China’s iron ore imports have fallen for the fourth consecutive month by volume, in the latest sign that Beijing’s restrictions on steel output are sapping demand for Australia’s most valuable export commodity at a time when Scott Morrison is betting on a quick economic recovery. The Fin

Australia faces worst climate hit

Australia will suffer longer, hotter summers, more bushfires and coastal erosion worse than the rest of the world, according to the sixth IPCC report. The Fin

Project halted as builder fights cashflow crisis

Builder Jaxon Construction is seeking a financial bailout amid delays in paying subcontractors on a University of WA riverside development. The West

Skills crisis leads to longer site time lines

The tight labour market in WA’s resources sector is showing signs it is starting to “self-constrain” to cope with severe skills shortages, potentially pushing out time lines for major projects. The West

Most Aussies are very keen to get on the jab

Only 11 per cent of adult Australian voters say they will flatly refuse to get jabbed, suggesting the country will be able to meet the Morrison government’s vaccination target of 70 per cent vaccine coverage by December if supply is maintained. The Aus

Exec claims CBA sought to fire her

The Commonwealth Bank’s governance team is chronically under-resourced, has huge attrition rates and is swamped by excessive workloads, but the bank has done little if anything to address the issue, according to the woman in charge of the group. The Fin

New social media rule at the ABC

The ABC has overhauled its social media guidelines and warned staff they could face termination should they breach them after senior reporters came under scrutiny for bias posting. The West

Homeowners paying $6500 too much on rates annually

The average Perth homeowner is paying about $6500 in excess interest each year compared to some of their neighbours, according to new research. The West

 

 

The Australian Financial Review

Page 1: Australia will suffer longer, hotter summers, more bushfires and coastal erosion worse than the rest of the world, according to the sixth IPCC report.

Page 2: The Defence Department bureaucrat in charge of ensuring local defence suppliers are not locked out of major projects has quit his post to work for a major foreign-owned military contractor, amid a looming shake-up of the troubled naval shipbuilding program.

Page 3: The Commonwealth Bank’s governance team is chronically under-resourced, has huge attrition rates and is swamped by excessive workloads, but the bank has done little if anything to address the issue, according to the woman in charge of the group.

Page 6: Fruit and vegetable giant SPC has refused to budge on its requirement that all its staff be vaccinated despite union claims that is punitive and unrealistic.

Page 10: Canada was set yesterday to lift its prohibition on Americans crossing the border to shop, take holidays or visit, but the US is keeping similar restrictions in place for Canadians, part of a bumpy return to normality from COVID-19 travel bans.

Page 11: China’s iron ore imports have fallen for the fourth consecutive month by volume, in the latest sign that Beijing’s restrictions on steel output are sapping demand for Australia’s most valuable export commodity at a time when Scott Morrison is betting on a quick economic recovery.

Page 12: NAB will acquire Citigroup’s consumer business for $1.2 billion in a deal that will double the size of its credit card division and take up the fight with disrupters such as Afterpay.

Page 14: Regis Healthcare has joined a growing list of companies that underpaid staff over the past six years, putting its underpayment bill at between $30 million and $40 million and warning it will reduce its 2021 financial year earnings.

Page 17: Latitude Group has paid $200 million for personal lender Symple, as the Ahmed Fahour-led non-bank lender makes a more aggressive push into the $11 billion personal loan market to take on the major banks.

Page 20: Retail crypto investors have next to no legal protection or recourse from unlicensed ‘‘influencers’’ offering investment tips or raising funds for sham projects, a Senate inquiry into block-chain technology has heard.

 

 

The Australian

Page 1: Only 11 per cent of adult Australian voters say they will flatly refuse to get jabbed, suggesting the country will be able to meet the Morrison government’s vaccination target of 70 per cent vaccine coverage by December if supply is maintained.

Page 3: ABC staff have been sent a stern warning about social media behaviour after the public broadcaster conceded it has been forced to deal with a “few high-profile defamation cases” involving senior journalists.

Qantas advised cleaning staff in the early days of the pandemic that the virus could be transmitted only between people who shared a bed, and it could not survive for long on surfaces, the TWU claims.

Page 4: Josh Frydenberg has accused Labor of hypocrisy over its demands that businesses and religious institutes return JobKeeper payments, claiming that unions collected $22m under the $90bn wage subsidy scheme.

Page 7: Corporations and directors will be liable for civil penalty proceedings only when they have acted with “knowledge, recklessness or negligence” in failing to update the market with price-sensitive information, after the Coalition secured the passage of key legislation through the Senate on Monday night.

West Australian police will be the first in the nation to use an Aboriginal language app to talk to Indigenous people in their first languages.

Page 13: A heated phone call between former Oil Search chief executive Keiran Wulff and ConocoPhillips boss Ryan Lance over Alaska frayed company relations, reducing the chance of a equity stake being sold to the US giant and putting Oil Search on the back foot when Santos pounced with a $21bn merger approach.

The nation’s biggest brick maker, Brickworks, says the most severe restrictions on its business since the pandemic began have slashed sales, leaving it with mountains of unsold stock at its yards and forced it to shut down production at a number of kilns.

Page 16: WA Industrial Relations Minister Stephen Dawson has called on oil and gas heavyweight Woodside Petroleum to go beyond its statutory obligations and repay the full amount of outstanding superannuation owed to its workers.

 

 

The West Australian

Page 6: Clive Palmer is threatening legal action to stop the WA Government from rolling out the COVID-19 vaccine.

Residential aged-care workers who go to work unvaccinated against COVID-19 will be fined up to $20,000 under a state of emergency order signed by WA’s Chief Health Officer yesterday.

Page 7: Moderna is set to join Pfizer and Astrazeneca in Australia’s vaccine rollout after being approved for use by the Therapeutic Goods Administration.

Page 8: The ABC has overhauled its social media guidelines and warned staff they could face termination should they breach them after senior reporters came under scrutiny for bias posting.

Page 11: The year-long global property boom that has stretched from Perth to Puerto Rico has finally eased in WA, with prices in some suburbs even going backwards over the past three months.

The average Perth homeowner is paying about $6500 in excess interest each year compared to some of their neighbours, according to new research.

Business: Builder Jaxon Construction is seeking a financial bailout amid delays in paying subcontractors on a University of WA riverside development.

The tight labour market in WA’s resources sector is showing signs it is starting to “self-constrain” to cope with severe skills shortages, potentially pushing out time lines for major projects.

A Perth-based marketing resources provider that aims to get women back into the workforce after having kids is looking to establish its presence over east, as its flexible business model continues to turn heads.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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