23/06/2014 - 05:57

Morning Headlines

23/06/2014 - 05:57

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Morning Headlines

Santos looks for supply deals to lift the lid on Browse

Santos has started talks with ConocoPhillips and Inpex over the potential to supply the pair’s Northern Territory liquefied natural gas plants with gas from its low-profile Browse Basin discoveries. The Aus

Sims threat to big state asset sales

Australian Competition and Consumer Commission chairman Rod Sims warns that the new wave of state government privatisations, including electricity distributors and ports, could hurt competition and push up prices. The Fin

Union probe to hear WA evidence

The inquiry into trade union corruption moves to Perth today and will examine matters connected to the Australian Workers Union and the Transport Workers Union. The West

Westpac tops satisfaction rating

Westpac has snared one of Commonwealth Bank’s prized top customer satisfaction rankings, potentially taking a toll on executives’ salaries at its larger rival. The Aus

ABC hit by $50m of new cutbacks

The Abbott government is planning to strip an additional $40 million-$50m from the ABC’s budget, following recommendations from an independent efficiency review of the taxpayer-funded national broadcaster. The Aus

Carbon tax works: Hewson

Former federal Liberal leader John Hewson urged the Abbott government to keep the carbon tax, saying the policy is working and now is not the time to shift the burden of cutting greenhouse gas emissions to taxpayers. The Fin

 

 

The Australian Financial Review

Page 1:  Australian Competition and Consumer Commission chairman Rod Sims warns that the new wave of state government privatisations, including electricity distributors and ports, could hurt competition and push up prices.

Page 3: Almost two years ago, Gina Rinehart offered a $50,000 prize to the person in the resources industry who best promoted mining in the face of “far left or non-understanding media attacks”.

Ten Network Holdings has attracted the interest of private equity firms that are weighing offers for the troubled free-to-air network amid potential changes to key programming contracts and media ownership laws.

Page 4:   Malcolm Turnbull’s support among Coalition voters has fallen but he remains the overwhelming favourite among all voters as preferred Liberal leader.

Page 5: Former federal Liberal leader John Hewson urged the Abbott government to keep the carbon tax, saying the policy is working and now is not the time to shift the burden of cutting greenhouse gas emissions to taxpayers.

Page 6: Wesfarmers chief executive Richard Goyder has backed calls for bigger cuts to the corporate tax rate.

Australia’s G20 presidency goal of lifting global economic growth by $US2 trillion ($2.13 trillion) is in jeopardy, as member countries have committed to reforms that will reach less than half of the target.

Page 7: A campaign to force banks and fund managers to pull capital from the coal industry could be in breach of the law and cost the economy billions, according to the mining lobby.

Page 13: Telecommunications carrier M2 Group may acquire Australia’s fourth biggest electricity and gas retailer Lumo Energy to boost its customer base and product range in a deal that could be worth nearly $300 million.

Hoyts Group’s stand-alone video-on demand service has been shelved with the company now due to hold talks with other media groups about collaborating on a streaming product ahead of a $700 million initial public offering.

Page 17: National Australia Bank’s prospects of selling its troubled United Kingdom banking business have received a boost, after a strong investor response to the float of rival lender TSB.

 

 

The Australian

Page 1: Australia’s brightest students are shunning teaching as a chosen profession, with a new report revealing a dramatic fall in the number of top school-leavers choosing to train for a career in education.

The Abbott government is planning to strip an additional $40 million-$50m from the ABC’s budget, following recommendations from an independent efficiency review of the taxpayer-funded national broadcaster.

Page 2: Bill Shorten has attacked Tony Abbott for scheduling a weeklong stay in Arnhem Land, arguing it is meaningless when the government is cutting funding to indigenous affairs “the other 51 weeks a year”.

Page 3: Employers are pushing to significantly increase the number of workers who can cash out annual leave while seeking to give companies more ability to require employees to take “excessive’’ accrued leave.

Page 4: The Abbott government is running out of time to secure Senate support for budget measures that are meant to take effect next week, amid new doubts over $12 billion in pension and welfare savings.

Page 6: Unlawful foreign buying of established houses is rife in Melbourne, as well as other capitals, and is adding a 10 per cent premium to prices that is crushing the hopes of local buyers, leading buyers’ agents have revealed.

Page 7: Australia’s medical workforce is set for a major shake-up with government officials keen to expand the role of lower paid and less skilled workers while offering fresh incentives to lure doctors out of the city.

Page 19: Some of the nation’s biggest companies are bracing for tens of millions of dollars in additional costs and a blowout in red tape if there is a delay in the Abbot government’s move to repeal the carbon tax.

Santos has started talks with ConocoPhillips and Inpex over the potential to supply the pair’s Northern Territory liquefied natural gas plants with gas from its low-profile Browse Basin discoveries.

Page 20: The government’s proposed reforms to the rules governing the financial planning industry will leave consumers $2.8 billion worse off, the industry superannuation fund association claims.

Page 21: Westpac has snared one of Commonwealth Bank’s prized top customer satisfaction rankings, potentially taking a toll on executives’ salaries at its larger rival.

 

 

The West Australian

Page 1: Thousands of WA households could be forced to pay more for their gas under a plan by the company that owns the South West’s network of gas pipelines.

Page 4: Prime Minister Tony Abbott has put the abolition of the carbon and mining taxes back on Parliament’s agenda this week as he prepares for new senators to take up their seats next month.

Page 5: School principals are appealing to Education Minister Peter Collier for specialist training to cope with physical violence, threats and intimidation from students and parents.

Page 6: Opponents of the gas exploration technique hydraulic fracturing outnumber supporters almost two-to-one in WA, according to internal State Government polling.

Page 7: Federal Labor MP Alannah Mac-Tiernan says she “despairs for the future” of the WA Labor Party if it does not seize the opportunity to reform itself.

Page 12: The inquiry into trade union corruption moves to Perth today and will examine matters connected to the Australian Workers Union and the Transport Workers Union.

Page 13: The slowdown in the mining sector has hit the State’s population growth, with West Australians heading to Victoria for a chance of work.

Business: Wild Child cosmeceuticals is set to float on the Australian stock exchange, in the latest bid for a global reach by the WA company that started on a kitchen table.

WA’s small business commissioner has slammed utility providers, telcos and other big corporations for forcing unfair contracts on mum-and-dad owned enterprises.

 

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