PM banishes Labor rebel
Prime Minister Anthony Albanese has suspended Senator Fatima Payman indefinitely from Labor’s caucus after she defied his leadership by vowing to cross the floor again to back pro-Palestine motions. The Fin
Inflation to stay high, say economists
Higher-than-expected inflation will take at least 12 months to fall anywhere near the Reserve Bank of Australia’s target, casting doubt on Treasurer Jim Chalmers’ more optimistic forecast and making interest rate relief difficult before the next federal election. The Fin
Teals seek to soften foreign student cap laws
Independent MPs will push the government to soften its pledge to cap foreign student intakes, as the lobby group for leading universities targets politicians holding marginal seats with warnings of ‘‘devastating consequences’’ for the $48 billion international education sector. The Fin
Medical specialists: what they cost you
The fees of medical specialists around the country have been revealed publicly for the first time in an online referral database that shows psychiatrists, obstetricians and paediatricians are charging some of the highest specialist fees in the nation. The Aus
Wild ride as investors tally mining’s FY24 winners and losers
BHP’s failed bid for Anglo American dominated attention in the second half of the 2024 financial year, but the search for value in the mid-tier mining sector was dominated by the resurgence of gold and fall from grace of the critical minerals sector. The Aus
Energy giants call for grid rethink
The federal, state and territory governments should stop working on plans to reform how electricity transmission congestion is managed with a major policy change counterproductive and adding to investment risks, Australia’s largest energy companies have warned. The Aus
ViewTrade eyes growth from ‘fertile ground’
Australia’s private wealth managers and stockbroking firms are a “fertile hunting ground” for global technology group ViewTrade, as it targets growth in a market that is expected to have about $9 trillion in superannuation by 2041. The Aus
Energy wars & Coalition’s nuclear plan fail to resonate with voters
The bitter political stoush over Australia’s energy future has turned voters off both major parties, with a new poll showing the Coalition’s nuclear plan is only narrowly opposed by voters. The West
WACA Ground name rights up for grabs
The $11 million target being chased down by WA Cricket Foundation chair Dr Bob Every to transform WA’s famed cricket ground by mid-2025 could be set for a much-needed boost, as talks for naming rights get going. The West
Gold mining junior battles with Macquarie
Pilbara gold mining junior Calidus Resources has hit the wall amid a battle with financier Macquarie. The West
The Australian Financial Review
Page 7: The post-work nest eggs of Australian Retirement Trust customers grew 11.3 per cent in 2023-24, as the industry superannuation behemoth rode the artificial intelligence wave to post returns well above long-run averages.
Page 10: Western Australia will receive thousands more skilled migrants next year under an agreement struck with the Commonwealth, but the immigration minister insists the move won’t affect the Albanese government’s efforts to bring down the overall intake.
Page 11: The pain of the economic downturn will be more widespread and hit consumers harder than in the global financial crisis, and the rise in company collapses may soon spread from small to large firms, warns McGrathNicol chairman Jason Preston.
Page 16: Increasing efforts by Europe and the United States to boost domestic manufacturing at the expense of Chinese production could mean the Australian resources sector will indirectly suffer, officials in Canberra warn.
Page 17: Corporate Travel Management chief executive Jamie Pherous lent money to a former executive at the company to whom he had already transferred almost $13 million in shares after she departed the business citing ill health.
Page 25: The Australian sharemarket is poised to open lower today as shareholders brace for elections in the United Kingdom and France, and prolonged global uncertainty.
Page 30: Nine Entertainment is considering blocking generative artificial intelligence bots such as those used by ChatGPT from scraping articles and images from its publications.
Page 31: Home values climbed by 8 per cent nationwide over the past financial year to hit record highs, delivering a $59,000 windfall gain on average to residential property owners, CoreLogic data shows.
The Australian
Page 4: Fresh calls have emerged for Labor to use its Future Made in Australia agenda and the $15bn National Reconstruction Fund to bolster food security by producing more fertiliser and fuel at home to better prepare the nation for a disruption to supply chains or a potential conflict.
Page 5: The Albanese government has declared it will not be “held ransom” by Meta after it threatened to pull news content from its platforms, blasting the tech giant for having blatant “disregard” for Australian laws and values.
Page 5: Telegram has failed to clear horrific terror attack footage and extremist material from its platform months after the eSafety watchdog demanded answers as Home Affairs Minister Clare O’Neil accused social media giants of playing a “pivotal role” in platforming terrorism.
Page 5: Australia is the environmental lawfare “capital of the world”, according to the Menzies Research Centre, which is claiming climate lawsuits have cost the economy nearly $17.5bn and 30,000 jobs in the last two years.
Page 6: Jim Chalmers has vowed billions of dollars in energy price relief from federal and state budgets will help the nation beat inflation, as a new government report predicted a $30bn drop in Australia’s coal and LNG exports earnings and warned Middle East conflict could send oil prices soaring and damage the world economy.
Page 17: National Australia Bank’s move to add “friction” to its digital payment processes, in the form of payment alerts, has saved customers from sending more than $100m to potential scammers in the past 15 months.
Page 17: Australia’s peak research agency, CSIRO, has spent $15m on a new “Super computer” that it says will speed up scientific discoveries, helping grow the national economy.
The West Australian
Page 8: It was on Friday last week that WA’s Premier was told by the State’s independent salaries tribunal he would be pocketing an extra $15,000 a year after it awarded all State MPs a 4 per cent pay rise for the new financial year.
Page 9: Labor will seek to ram through laws to ban live sheep exports as soon as Monday as it stares down a last-ditch lobbying attempt from WA farmers desperate to save the trade.
Page 9: St John WA ambulances have spent more than 5600 hours waiting to offload patients to WA’s overflowing hospitals in the worst June on record for ambulance ramping.
Page 10: Out-of-control insurance premiums have been dubbed the villain behind Australia’s inflation, jumping four times faster than other prices and putting pressure on neighbourhood sports groups.
Page 39: Australian graduates are often seeking a good salary from employers, while learning how to use artificial intelligence and automation tools were considered a top priority to boost career prospects, a new survey has found.
Page 40: Australia's 11 million residential properties will have their energy efficiency rated by a new tool developed by the national science agency and a data analytics company.
