Chevron faces LNG-fuelled $3.7b tax bill
Chevron is bracing for a 25-fold increase in its tax bill in Australia this year to about $3.7 billion after using up all its tax deductions, even though its huge and highly lucrative LNG ventures in Western Australia are still ‘‘years away’’ from paying Petroleum Resource Rent Tax (PRRT). The Fin
Mint admits money breach
The State-owned company behind Perth Mint has admitted failing to register as an international money mover under Federal laws fighting terrorism finance and money laundering. The West
State gas policy a model for the nation
Alinta Energy has given thanks for WA’s gas reservation policy, describing the State as “a shining light” for an east coast energy market battling high power prices and a gas squeeze. The West
Mental health woes drive rise in compo bills
The cost of workers’ compensation is soaring as mental health issues make up an increasing proportion of workplace injury claims and carry much longer return-to-work times than physical injuries. The Fin
Holgate open to multi-employer discussions
Toll Global Express boss Christine Holgate has expressed an interest in multi-employer bargaining amid criticism that business has been duped into radically reshaping the industrial relations system in favour of unions. The Fin
Miner owns up to rife sexism, harassment
Giant gold producer Newmont says inadequate handling of sexual assault and harassment in mining has led to victims taking their own lives and urged the industry to stop making excuses for unacceptable behaviour. The Fin
AEMC urges rule change to ready gas networks for piping hydrogen
The Australian Energy Market Commission has urged a change to the country’s energy rules to allow for the eventual shipping of hydrogen through existing gas pipelines. The Fin
Be warned: we’re in for tough time
Jim Chalmers has told households to brace for a “very tough period” of surging grocery, power and mortgage bills, as he warned that providing families with more handouts in the October budget would force the RBA to more aggressively raise rates. The Aus
Miners drag feet on respect reform
Forty per cent of the Minerals Council of Australia’s mining company members are yet to sign up to a pledge to eradicate sexual harassment within their workforces nearly a year after the code was launched. The West
The Australian Financial Review
Page 1: A boom in exports and continued strength in household spending drove the economy to new highs in June, and economists say the latest set of growth figures will do little to dissuade the Reserve Bank from lifting interest rates further.
Page 3: Adam Bandt will put Labor on notice that the Greens are ready to work with the government to reform the emissions safeguard mechanism on big emitters, but only if the changes deliver ‘‘real cuts from coal and gas’’.
Page 6: The cost of workers’ compensation is soaring as mental health issues make up an increasing proportion of workplace injury claims and carry much longer return-to-work times than physical injuries.
Page 8: Toll Global Express boss Christine Holgate has expressed an interest in multi-employer bargaining amid criticism that business has been duped into radically reshaping the industrial relations system in favour of unions.
Page 11: China’s export growth slowed more than expected in August and imports stagnated, a sign of a darkening global economic picture and weak domestic growth hit by COVID-19 lockdowns and a property slump.
Page 13: Chevron is bracing for a 25-fold increase in its tax bill in Australia this year to about $3.7 billion after using up all its tax deductions, even though its huge and highly lucrative LNG ventures in Western Australia are still ‘‘years away’’ from paying Petroleum Resource Rent Tax (PRRT).
Travellers paid the highest domestic airfares in almost two years in the September quarter, even as airline reliability hit record lows because of staff shortages and sky-high demand.
Page 15: National Australia Bank is offering staff an extra week of leave and up to 5 per cent pay rises in a deal that it hopes will be agreed with the Finance Sector Union.
Page 17: Giant gold producer Newmont says inadequate handling of sexual assault and harassment in mining has led to victims taking their own lives and urged the industry to stop making excuses for unacceptable behaviour.
The Australian Energy Market Commission has urged a change to the country’s energy rules to allow for the eventual shipping of hydrogen through existing gas pipelines.
Page 19: Lawyers for a former Thiess tradesman fighting the mining services group in court after his job on a Pilbara iron ore mine was terminated say they are seeing more big companies using their complicated corporate structures to weaken pay and conditions.
The Australian
Page 1: Jim Chalmers has told households to brace for a “very tough period” of surging grocery, power and mortgage bills, as he warned that providing families with more handouts in the October budget would force the RBA to more aggressively raise rates.
Page 2: More than 4000 people have died by suicide in the construction industry in the past 20 years, with the suicide rate about double that of the rest of the population.
Page 4: The union movement has reached a significant agreement with the community and disability sectors in support of multi-employer bargaining, giving further momentum to the Albanese government’s push to change the workplace laws to lift wages.
Page 13: Financial Services Minister Stephen Jones says he is committed to retaining a performance test on superannuation funds, with Treasury kicking off a review into whether the measures are affecting risk-taking behaviour.
Page 16: Mining giant Anglo American has raised concerns over extra costs imposed by Labor’s tougher safeguard mechanism regime and flagged caution about soaring carbon prices as big polluters clamour to access offset markets.
The West Australian
Page 10: The State-owned company behind Perth Mint has admitted failing to register as an international money mover under Federal laws fighting terrorism finance and money laundering.
Page 11: Hundreds of private email addresses have been mistakenly shared by the government agency tasked with protecting West Australians against scams and shonky operators.
Business: Alinta Energy has given thanks for WA’s gas reservation policy, describing the State as “a shining light” for an east coast energy market battling high power prices and a gas squeeze.
Forty per cent of the Minerals Council of Australia’s mining company members are yet to sign up to a pledge to eradicate sexual harassment within their workforces nearly a year after the code was launched.
Shares in St George Mining shot higher after it revealed its Mt Alexander nickel project west of Leonora was showing potential for lithium mineralisation.
A surge in travel-related household spending prompted by the reopening of borders and booming exports drove the Australian economy to expand by a solid 0.9 per cent in the June quarter.
Companies must recognise that there is no one-size-fits-all approach to supporting employees’ mental health and focus on fostering a workplace culture that reduces stigma.
WA-founded ResApp Health will be sold to Pfizer after shareholders backed in the pharmaceutical giant’s $180 million takeover offer.
