05/10/2021 - 07:01

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05/10/2021 - 07:01

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Announcement looms on compulsory vax for miners

The WA Government is set to make COVID-19 vaccinations compulsory for thousands of FIFO workers from next month, mining industry sources have revealed. The West

Hydrogen faces $1.6trn investment challenge

Investment of $US1.2 trillion ($1.6 trillion) is needed worldwide in low-carbon hydrogen this decade to get on track for net zero emissions, according to the International Energy Agency, which has singled out Australia’s ‘‘tremendous’’ potential to be an affordable supplier for Asia. The Fin

Support for nuclear industry growing

Almost two-thirds of voters now either support a civil nuclear industry or agree that it should at least be considered as part of Australia’s future energy mix. The Aus

ATO raised alarm over multinationals claiming JobKeeper

Treasurer Josh Frydenberg was warned last July that 1000 JobKeeper applicants with more than $250 million in turnover had booked revenue ‘‘significantly divergent’’ from forecasts of a downturn, while many were ‘‘amending’’ prior period sales figures to potentially gain eligibility to the program. The Fin

Court says EY can continue on Pindan

The Supreme Court has cleared Ernst and Young to continue with the administration of failed builder Pindan despite two of its insolvency accountants facing disciplinary action over potential conflicts of interest. The West

Tripp enters race for West Australian TAB after Tabcorp rebuff

The contest for the West Australian TAB may be like Tabcorp’s earlier this year, with betting tycoon Matthew Tripp entering the field. The Aus

Fight over backdated federal ICAC

The Morrison government will forge ahead with the establishment of a federal anti-corruption commission, but is at odds with Labor which believes any such body must have retrospective powers to investigate the actions of former MPs and public officials. The Fin

Nick Scali in comfort zone with Plush

Upmarket furniture retailer Nick Scali is set to triple the size of its store network over the next few years after outlaying $103 million for one of its mid-market rivals, sofa chain Plush. The Fin

BHP inks EV nickel deal with Toyota

BHP has cut a nickel supply deal with a second major battery supplier to the electric vehicle market, saying on Thursday it has signed an early stage deal to supply nickel that will help power Toyota’s push into the market, and could lead to BHP establishing a battery recycling plant in WA The Aus

Wool worries as China processing slows

China’s power crunch is casting a shadow over Australia’s $2.5 billion wool market by slowing demand from mills which are unable to operate at full pace. The West

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg was warned last July that 1000 JobKeeper applicants with more than $250 million in turnover had booked revenue ‘‘significantly divergent’’ from forecasts of a downturn, while many were ‘‘amending’’ prior period sales figures to potentially gain eligibility to the program.

The Morrison government will forge ahead with the establishment of a federal anti-corruption commission, but is at odds with Labor which believes any such body must have retrospective powers to investigate the actions of former MPs and public officials.

Page 7: A mandate forcing Deloitte Australia’s employees and partners to be vaccinated in order to return to the office may be the first in a run of consulting companies getting behind the vaccination push to bring people back to the office.

Page 10: China Evergrande Group and its property services arm were halted in Hong Kong stock trading amid a report that the developer agreed to sell a controlling stake in the unit to raise much-needed cash.

Page 12: Investment of $US1.2 trillion ($1.6 trillion) is needed worldwide in low-carbon hydrogen this decade to get on track for net zero emissions, according to the International Energy Agency, which has singled out Australia’s ‘‘tremendous’’ potential to be an affordable supplier for Asia.

Page 15: Boral will return up to $3 billion in capital to shareholders as it heads into the final stages of an asset sale program centred on the exit from two large North American businesses.

Big infrastructure spending by governments in Australia and the US should deliver strong demand for construction-related testing for decades, says the CEO of ASX-listed Intega, which has received a $421 million buyout offer from Dutch company Kiwa.

Page 16: Upmarket furniture retailer Nick Scali is set to triple the size of its store network over the next few years after outlaying $103 million for one of its mid-market rivals, sofa chain Plush.

Page 17: Australia’s richest man, Andrew ‘‘Twiggy’’ Forrest, has been formally awarded a $30 million grant from the Coalition government for early works on Australian Industrial Power’s (AIP) Port Kembla gas-fired power station.

Page 19: Fewer than one in 10 Australian companies using artificial intelligence as part of their business have taken the steps required to ensure the technology is used responsibly and without gender or race bias, a new study shows.

 

 

The Australian

Page 1: Queensland hospitals have turned away patients under dozens of capacity-driven “code yellow” declarations in the past month, with senior doctors saying the problem is so bad the system will not cope with a surge in Covid-19 cases.

Almost two-thirds of voters now either support a civil nuclear industry or agree that it should at least be considered as part of Australia’s future energy mix.

Schools across the country will be able to compare their students’ performance to international benchmarks, with a new PISA for Schools online assessment receiving solid uptake despite the disruption of the pandemic.

Page 7: There was a buy-up of coronavirus testing equipment in Wuhan in 2019, with purchasing contracts increasing by more than 50 per cent from the year before.

International airlines operating to Australia say they need more information before they can sell seats on flights ahead of next month’s reopening of national borders.

Page 13: Strong demand from Asian buyers for Australia’s thermal coal will keep prices elevated over the medium term after the power generation fuel hit an all-time record, New Hope chairman Robert Millner says.

Page 14: The contest for the West Australian TAB may be like Tabcorp’s earlier this year, with betting tycoon Matthew Tripp entering the field.

Page 15: Travel stocks have soared on the back of an overwhelming response to the federal government announcement that people would be free to travel overseas from next month.

Commonwealth Bank is pushing further into green banking and services with technology that gives customers direct insight into their carbon footprint, marking its fifth recent initiative in the sector.

Page 16: BHP has cut a nickel supply deal with a second major battery supplier to the electric vehicle market, saying on Thursday it has signed an early stage deal to supply nickel that will help power Toyota’s push into the market, and could lead to BHP establishing a battery recycling plant in WA.

 

 

The West Australian

Page 1: The WA Government is set to make COVID-19 vaccinations compulsory for thousands of FIFO workers from next month, mining industry sources have revealed.

The Morrison Government is doing modelling on the jobs and industries that will be impacted by a commitment to net-zero emissions by 2050.

Page 3: Public dental wait list numbers have nearly quadrupled over the past four years, with nearly 20,000 people waiting on average about a year for an appointment.

Page 4: Labor’s power politician Penny Wong is hitting the hustings in Perth this week and will make one of her first stops a meeting with Tracey Roberts, the woman vying to take Christian Porter’s job at the next election.

Page 10: Facebook prematurely turned off safeguards designed to thwart misinformation and rabble rousing after Joe Biden defeated Donald Trump in last year’s elections, a former manager at the social network says.

Page 14: Having the flu vaccine every winter could significantly reduce the risk of dementia, a study suggests.

Business: A growing number of Deloitte clients want their advisers to be vaccinated against COVID-19, according to its WA managing partner, as the Big Four consulting firm announced its staff had to get the jab as a condition of entry to its offices and events.

China’s power crunch is casting a shadow over Australia’s $2.5 billion wool market by slowing demand from mills which are unable to operate at full pace.

The Supreme Court has cleared Ernst and Young to continue with the administration of failed builder Pindan despite two of its insolvency accountants facing disciplinary action over potential conflicts of interest.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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