WA’s mission to ‘steal’ Britain’s best & brightest with the promise of sunshine and better wages
Pubs in British and Irish cities will be filled with beach sand, plastered with photos of idyllic WA destinations and stocked with West Australian beer as part of a flagrant attempt to “steal” tens of thousands of police officers, nurses, teachers and tradies. The West
ATO revises existing COVID work-from-home deduction
Millions of Australians working from home will no longer need a designated office space to claim significant tax deductions. The Fin
Forrest turns up dial on Stokes media grievance
Andrew Forrest is taking his complaints about Kerry Stokes and allegations of misuse of the media in Western Australia, and the lack of diversity of ownership, to the Albanese government as neither of the billionaires show any sign of backing down. The Fin
NRW shaken by write-offs
Mining and civil contractor NRW Holdings has taken a $17.5 million hit after writing off the company’s exposure to troubled gold miner Gascoyne Resources. The West
ASIC wants a high bar for buy now, pay later sector
The corporate regulator has backed onerous new rules for the buy now, pay later sector, including one that could force industry players to ask customers for income and expenses data before it determines whether to provide them with credit. The Fin
Call comes after miner linked compensation claim with Alice Springs
A prominent Indigenous land rights advocate has made a plea to Andrew Forrest after he linked Fortescue Metals Group’s failure to pay native title compensation to traditional owners in the Pilbara to “cash welfare” fuelled alcohol scourges in towns such as Alice Springs. The West
ASX pledges $70m to help rescue CHESS
ASX chief executive Helen Lofthouse pledged to develop a “revised solution design” for the calamitous CHESS project and offered a $70 million package of incentives and rebates to encourage brokers to help remake the ageing system that clears trades in the equity market. The Fin
Hacked rival’s customer pain is Telstra’s gain
Telstra gained tens of thousands of new mobile customers as a result of the massive Optus data breach, the nation’s largest telco revealed on Thursday, but analysts say the company could have capitalised even further if it hadn’t increased prices. The Aus
NAB’s earnings soar to $2.15bn
National Australia Bank has posted a jump in December quarter cash profit to $2.15bn, buoyed by loans to small business, and declared it is in “good shape” to weather tougher macroeconomic conditions. The Aus
The Australian Financial Review
Page 1: Australia’s jobs market shed workers for the second month in a row, in a sign the economy is starting to buckle after nine rate rises and prompting economists to suggest the Reserve Bank of Australia will reassess the need for further aggressive tightening.
ASX chief executive Helen Lofthouse pledged to develop a “revised solution design” for the calamitous CHESS project and offered a $70 million package of incentives and rebates to encourage brokers to help remake the ageing system that clears trades in the equity market.
Page 2: The corporate regulator has backed onerous new rules for the buy now, pay later sector, including one that could force industry players to ask customers for income and expenses data before it determines whether to provide them with credit.
Page 3: Between 20 and 30 PwC partners and staff were involved in sharing confidential government tax policy obtained by former PwC star Peter Collins, Tax Practitioner Board boss Michael O’Neill has told Senate estimates.
KPMG Australia expects to cut up to 2 per cent of its 10,000-strong staff, or roughly 200 roles, due to a slowdown in the firm’s management consulting business caused by increasingly cost-conscious clients.
Page 5: Energy retailers including Origin Energy are adamant they must be allowed to recover last year’s sky-high wholesale costs from customers, even as political pressure mounts on regulators to limit increases in standing offer tariffs from July 1.
Page 7: Andrew Forrest is taking his complaints about Kerry Stokes and allegations of misuse of the media in Western Australia, and the lack of diversity of ownership, to the Albanese government as neither of the billionaires show any sign of backing down.
Millions of Australians working from home will no longer need a designated office space to claim significant tax deductions.
Page 10: A major rewrite of Australia’s 40-year-old privacy laws could cost big businesses thousands of dollars per customer and would likely mean big, expensive overhauls of how they structure and store data to comply.
Page 11: A $500 million unsolicited bid by a Philippines-based stevedore to expand its automated container handling operations at the Port of Melbourne hopes to lure some of the globe’s biggest ships south by offering to build a new terminal at ‘‘lowest cost’’.
Page 12: The Kuwaiti government will register its concerns about a diplomatic gaffe by the Albanese government that meant senior Australian bureaucrats briefed officials in the wrong department over plans to shut down the live sheep export trade.
Page 18: Bain Capital has tapped Goldman Sachs, UBS and Barrenjoey Capital Partners as lead managers on Virgin Australia’s potential initial public offering.
Page 20: Residential property listings fell at the fastest rate in Domain’s history in the first half of the 2023 financial year, chief executive Jason Pellegrino says, driving a 24.2 per cent fall in profits to $16.4 million.
The Australian
Page 1: Scott Morrison has called on the Albanese government to consider sanctions against Chinese government officials over human rights abuses against Uighur minorities under the same Magnitsky-style laws used to sanction Russian officials over the invasion of Ukraine.
Independent senator David Pocock is pushing for a higher carbon price cap on big polluters, tougher carbon credit standards and a climate trigger targeting high-emitting projects, ahead of formal negotiations with Climate Change Minister Chris Bowen.
Page 15: Looming electricity price increases might not be as bad as first feared, says Origin Energy, as the Australian Energy Regulator signalled a controversial intervention in the market had led to record prices cooling off.
Telstra gained tens of thousands of new mobile customers as a result of the massive Optus data breach, the nation’s largest telco revealed on Thursday, but analysts say the company could have capitalised even further if it hadn’t increased prices.
Page 17: National Australia Bank has posted a jump in December quarter cash profit to $2.15bn, buoyed by loans to small business, and declared it is in “good shape” to weather tougher macroeconomic conditions.
The West Australian
Page 1: Pubs in British and Irish cities will be filled with beach sand, plastered with photos of idyllic WA destinations and stocked with West Australian beer as part of a flagrant attempt to “steal” tens of thousands of police officers, nurses, teachers and tradies.
Page 8: The newly installed president of the AFL Fans Association has promised to make the cost of attending West Coast and Fremantle games an agenda item at his next meeting, with the league with the hope of getting standardised pricing throughout Australia.
Page 9: More than 300 pregnant women in WA were placed on “maternity bypass” and sent to alternative hospitals on the day of their deliveries in the past year alone, it can be revealed.
Page 14: A prominent Indigenous land rights advocate has made a plea to Andrew Forrest after he linked Fortescue Metals Group’s failure to pay native title compensation to traditional owners in the Pilbara to “cash welfare” fuelled alcohol scourges in towns such as Alice Springs.
Page 43: The queue of compensation claims made by veterans has grown in the past eight months despite the Albanese Government hiring 500 extra staff to tackle the backlog.
Business: Newcrest Mining has rewarded shareholders with unexpectedly high dividends as it rejected Newmont’s $25 billion takeover proposal but left the door open “in the spirit of being reasonable” to accept a better bid.
Industrial services firm SRG Global has struck a company reshaping deal to buy ALS Ltd’s asset maintenance business, with the $80 million deal to be funded by new equity.
Mining and civil contractor NRW Holdings has taken a $17.5 million hit after writing off the company’s exposure to troubled gold miner Gascoyne Resources.
