Brookfield sidesteps union in Perth
Brookfield Multiplex has sidestepped the construction union and distributed an enterprise agreement directly to its Perth workers, in what could prove to be a fatal blow to militant union influence over the city’s building sites. The Fin
Crawford to head BHP spin-off
BHP Billiton is likely to appoint its longest-serving director, David Crawford, as the inaugural chairman of a new mining company created by the $14 billion spin-off of unwanted assets the board is set to formally approve on Tuesday. The Fin
Boys of Bow put CSG play on table
The men behind the $535 million coal-seam gas success story Bow Energy are set to return to the market with a new play centred on Western Australia’s Perth Basin. The Aus
CBH signals deal door is open
CBH has left the door open to working with major customers to grab a bigger share of the Eastern States grain market after a series of meetings in Japan, China and South-East Asia. The West
Abbott’s plan to axe RET
The federal government is moving towards abolishing the Renewable Energy Target rather than scaling it back in a move that will cost almost $11 billion in proposed investment and which is at odds with the views of its own Environment Minister. The Fin
Perth property could plummet
Perth is at risk of being awash with vacant offices and apartments as early as next year, as the end of boom time conditions hits the inner city market. The Fin
ATO freezes assets of Perth investor
The Australian Taxation Office has frozen the bank accounts of an Australian investor and a $9.5 million share portfolio including stakes in blue-chip stocks Wesfarmers and Coca-Cola Amatil in a clamp down believed to be a part of Project Wickenby. The Aus
The Australian Financial Review
Page 1: The federal government is moving towards abolishing the Renewable Energy Target rather than scaling it back in a move that will cost almost $11 billion in proposed investment and which is at odds with the views of its own Environment Minister.
Page 3: The country’s largest biotechnology manufacturer, CSL, said jobs are being lost as companies invest overseas where workers are more productive, tax rates are lower and governments more supportive.
Page 4: Business has urged Environment Minister Greg Hunt to cede to demands to allow access to international carbon permits in his signature direct action scheme, which it says will be key to its success or failure.
Page 5: Trade minister Andrew Robb is backing the creation of a new a market intelligence service to help business and government agencies stay up to date with new economic threats and opportunities around the world.
The federal government is headed for a game of chicken with the Senate, saying it has no intention of keeping almost $10 billion in spending measures as a condition of having the mining tax abolished.
Page 8: Brookfield Multiplex has sidestepped the construction union and distributed an enterprise agreement directly to its Perth workers, in what could prove to be a fatal blow to militant union influence over the city’s building sites.
Page 9: Property owners in the historic gold mining city of Kalgoorlie-Boulder have long enjoyed high yields and strong capital gains, backed by a strong resources industry.
Perth is at risk of being awash with vacant offices and apartments as early as next year, as the end of boom time conditions hits the inner city market.
Page 17: BHP Billiton is likely to appoint its longest-serving director, David Crawford, as the inaugural chairman of a new mining company created by the $14 billion spin-off of unwanted assets the board is set to formally approve on Tuesday.
Page 19: Saputo boss Lino Saputo jnr, who recently emerged victorious from a $500 million battle for control of Warrnambool Cheese & Butter, will touch down in Australia this week to deliver a key message to dairy farmers: grow your herds, ramp up production and all your milk will find a home.
The Australian
Page 1: The Senate blockade of major budget reforms threatens to intensify concerns about levels of sovereign risk in Australia, Trade Minister Andrew Robb has warned as the government embarks on new talks this week to pass unpopular savings.
Australians with disabilities have begun suing the government to break into the National Disability Insurance Scheme, forcing courts and tribunals to navigate the scheme’s early flaws.
The corporate regulator plans to dramatically strengthen its surveillance of the financial advisory arms of the major banks and financial services companies, including enforcing faster reporting of misconduct by planners.
Page 2: Since national literacy tests started, the writing test has given the same prompt and stimulus for all students, whether they are eight years old and sitting their first NAPLAN test or a 15-yearold veteran.
Page 3: The corporate regulator is turning the screws on Clive Palmer after his Federal Court loss to owners over his Coolum resort and dinosaur park, which could end up costing him $30 million.
Page 4: The only Labor premier plans to meet powerful crossbenchers to urge them to support a campaign against long-term federal health and education funding cuts that are central pillars of the federal budget.
Page 17: Andrew Mackenzie’s pitch to become the shareholder-friendly chief executive of BHP Billiton takes shape tomorrow with the announcement of a June-year profit expected to be 27 per cent higher at $US13.8 billion ($14.8bn) despite commodity price pressures.
The men behind the $535 million coal-seam gas success story Bow Energy are set to return to the market with a new play centred on Western Australia’s Perth Basin.
The Australian Taxation Office has frozen the bank accounts of an Australian investor and a $9.5 million share portfolio including stakes in blue-chip stocks Wesfarmers and Coca-Cola Amatil in a clamp down believed to be a part of Project Wickenby.
Page 18: A modest recovery in iron ore prices has raised hopes that prices for Australia’s biggest export earner can rebound to $US100 per tonne before the end of the year, easing the pressure on higher cost producers for radical cost-cutting and project deferments.
Page 19: Slashing “green tape” delays on mining projects would create 69,000 extra jobs by 2025, new research finds, challenging the states and Canberra to quickly meet promises for a “one-stop shop” on project approvals.
Page 23: Communications Minister Malcolm Turnbull will delay his highly-anticipated media reform until next year, revealing that it is not a top priority for the Abbott government.
The West Australian
Page 4: Finance Minister Mathias Cormann has ruled out radically reshaping the Budget but indicated some tweaks would be made to win over crossbenchers.
Page 9: The Barnett Government will not extend the Joondalup rail line north of Butler before it completes the airport-Forrestfield link and the MAX light rail projects, Transport Minister Dean Nalder says.
Page 10: Begging could be made illegal as part of a joint bid by the State Government and City of Perth to tackle the antisocial behaviour marring the central business district.
Page 11: Coal mining in Collie risks becoming so costly that the State would be better off importing the commodity to keep the lights on, a report commissioned by the Barnett Government claims.
Page 13: Sewage treatment plants in Perth’s southern suburbs owned by the Water Corporation are shaping as assets likely to be put up for sale as part of moves to rein in WA’s ballooning debt.
Page 14: Perth councils are sitting on more than $1 billion in cash, investments and reserves.
Business: CBH has left the door open to working with major customers to grab a bigger share of the Eastern States grain market after a series of meetings in Japan, China and South-East Asia.