21/12/2021 - 06:59

Morning Headlines

21/12/2021 - 06:59

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Morning Headlines

EPA erred on gas project, hearing told

The Supreme Court has been told the Environmental Protection Authority failed to fulfill its statutory obligation to assess changed environmental approvals underpinning Woodside Petroleum’s huge Scarborough gas project off WA’s north west. The West

We’ve got it right on migration, Frydenberg says

Treasurer Josh Frydenberg has resisted calls to turbocharge Australia’s permanent migration intake, instead indicating he is focused on the makeup of migrants as a means of strengthening the economy. The Fin

Magellan urges calm amid rout

Magellan Financial Group co-founder Hamish Douglass said the besieged fund manager can recover from the shock loss of its biggest institutional client even as its shares tanked 30 per cent to a six-year low. The Fin

Triple vax: PM pushed on boosters

State leaders are urging the federal government to bring forward the window for vaccine booster shots and to redefine fully vaccinated to mean three jabs, ahead of an emergency national cabinet meeting on Wednesday to address the spread of the Omicron strain of Covid-19. The Aus

Deposit help flagged for first buyers

The federal government is considering expanding its popular low-deposit scheme for first-home buyers who are struggling to save enough to take out a mortgage in the booming property market. The Aus

Popular support for faith-based hiring in nation’s schools

Almost two in three Australians believe religious schools are entitled to require employees to uphold the ethos and values of their faith and should be free to favour hiring staff who share those values, new data to be presented to a key parliamentary inquiry finds. The Aus

WA considers school ban after Tasmania tragedy

New advice on bouncy castle use in WA schools will be released next year, WA’s Education Department has revealed as it considers tighter rules in the wake of the Hillcrest Primary School tragedy. The West

Mining giant’s top man a highly regarded Canadian diplomat to China

Rio Tinto’s new chairman Dominic Barton is expected to visit WA early in his tenure after he takes over from the outgoing Simon Thompson in May. The West

How WA’s Multiplan gets women into construction

WA business Multiplan is paving the way forward for women in the construction modelling sector, helping them find career opportunities in a traditionally male-dominated industry. The West

High-speed data path to minerals

WA’s supercomputing abilities could play a major role in accelerating discoveries of battery minerals and streamline mining operations, says Pawsey’s new chairman Tim Shanahan. The West

 

 

The Australian Financial Review

Page 1: Magellan Financial Group co-founder Hamish Douglass said the besieged fund manager can recover from the shock loss of its biggest institutional client even as its shares tanked 30 per cent to a six-year low.

Page 3: Nine Entertainment has signed a $650 million, five-year deal with the NRL, returning the value of the broadcast rights of the rugby league competition to pre-pandemic levels.

Singapore Telecommunications has failed in an attempt to get almost $895 million deducted from taxable income it earned through Optus earlier last decade, as the Australian Tax Office continues its crackdown on tax avoidance by multinationals.

Page 5: More than one in two people eligible for a COVID-19 booster shot have not come forward for their third dose, contradicting statements from Health Minister Greg Hunt and Prime Minister Scott Morrison that up to 80 per cent of eligible Australians have received a booster.

TV networks and streaming companies hold all the power when it comes to negotiations over new screen content and production companies are missing out on future earnings from successful programs, according to new research.

Page 8: Treasurer Josh Frydenberg has resisted calls to turbocharge Australia’s permanent migration intake, instead indicating he is focused on the makeup of migrants as a means of strengthening the economy.

Page 9: The federal government will give manufacturer Incitec Pivot a $29.4 million grant to ramp up the production of refined urea needed to avoid a trucking crisis, but the solution may be short-lived given the company is committed to closing its Brisbane plant.

Page 11: Pro-Beijing candidates swept to victory in an overhauled ‘‘patriots-only’’ legislative election in Hong Kong that was deemed regressive by critics, with turnout plunging to a record low amid a crackdown on the city’s freedoms by China.

Page 16: The chief investment officer of AustralianSuper has warned investors the bumper returns of the past decade are unlikely to be sustained, with the $250 billion giant trimming its positions in equity markets as it braces for interest rates to move higher.

A BHP bid for Canada’s biggest potash miner would be more likely to pass foreign investment scrutiny than a decade ago, according to the man who blocked BHP’s $40 billion bid for Potash Corporation of Saskatchewan in 2010.

Page 19: Canada’s Brookfield has beaten rival bidders including BlackRock to a $1 billion stake in Australian smart meters business Intellihub, coming in alongside existing part-owner Pacific Equity Partners to fight for a bigger share of a market that is getting a new lease of life with the boom in rooftop solar.

Australia’s biggest construction group, Cimic, says it has no additional financial exposure to the Middle East after its shares tumbled as much as 16 per cent yesterday on questions over the status of the sale of its regional joint venture.

 

 

The Australian

Page 1: State leaders are urging the federal government to bring forward the window for vaccine booster shots and to redefine fully vaccinated to mean three jabs, ahead of an emergency national cabinet meeting on Wednesday to address the spread of the Omicron strain of Covid-19.

Page 5: The federal government is considering expanding its popular low-deposit scheme for first-home buyers who are struggling to save enough to take out a mortgage in the booming property market.

Demand for services provided by community groups spiked in 2021, with the needs of those they support growing in complexity, a new report has warned.

Page 6: Almost two in three Australians believe religious schools are entitled to require employees to uphold the ethos and values of their faith and should be free to favour hiring staff who share those values, new data to be presented to a key parliamentary inquiry finds.

Page 13: The spread of the Omicron variant appears to have done little to stop a surge in travel bookings – although those heading overseas will be paying fares well above pre-pandemic levels.

Page 16: Fuels retailer Viva Energy has flagged a strong earnings rebound amid an easing of Covid-19 lockdowns with its Geelong refinery also staging a turnaround meaning it will not require the Morrison government’s subsidy package for the final quarter.

Page 17: Brookfield, one of the world’s largest asset managers, has finalised an agreement to buy a half share in Intellihub from Pacific Equity Partners and Landis+Gyr for about $1bn.

 

 

The West Australian

Page 8: Australia’s Chief Medical Officer has urged States with surging Omicron infections to reinstate mask mandates as Scott Morrison called an emergency meeting of National Cabinet for Wednesday.

Page 9: Doctors fear one of the State’s biggest regional hospitals will not be able to cope with a COVID outbreak when the WA border is opened in February.

Page 10: New advice on bouncy castle use in WA schools will be released next year, WA’s Education Department has revealed as it considers tighter rules in the wake of the Hillcrest Primary School tragedy.

Business: WA traders have shrugged off concerns around shipping delays ahead of Christmas, with confidence holding firm in the latest survey by the State’s peak business body.

Rio Tinto’s new chairman Dominic Barton is expected to visit WA early in his tenure after he takes over from the outgoing Simon Thompson in May.

The Supreme Court has been told the Environmental Protection Authority failed to fulfill its statutory obligation to assess changed environmental approvals underpinning Woodside Petroleum’s huge Scarborough gas project off WA’s north west.

Perth company Orbit Drilling has been fined more than $250,000 after a worker died from being hit in the head by machinery on site.

WA business Multiplan is paving the way forward for women in the construction modelling sector, helping them find career opportunities in a traditionally male-dominated industry.

WA’s supercomputing abilities could play a major role in accelerating discoveries of battery minerals and streamline mining operations, says Pawsey’s new chairman Tim Shanahan.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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