Labor flags wider tax makeover
Treasurer Jim Chalmers has opened the door to tax changes beyond superannuation, admitting the federal budget is unsustainable and the economy’s stagnant productivity will not deliver higher living standards for working people. The Fin
Funds hit pause on US investment
The country’s $300 billion sovereign wealth fund says it is reassessing its portfolio in the United States amid growing concerns about a punitive new tax on foreign investors backed by the Trump administration. The Fin
Profit trumps targets as CEOs shift focus
Corporate leaders say they are not walking away from their environmental, social and governance targets but have returned their focus to risk management and the bottom line as economic and political uncertainty roil the business environment. The Fin
Canva to test share sale after last year’s jackpot
One of Australia’s most successful start-ups, graphic design software business Canva, is preparing to test its $US32 billion ($49 billion) valuation in a deal that is widely expected to be its last share sale as a privately held company. The Fin
Albanese urged to follow UK lead on trade
Anthony Albanese will face extreme pressure to ramp up Australia’s defence spending following Donald Trump’s decision to cancel their long-awaited meeting in Canada shortly after delivering British Prime Minister Keir Starmer tariff exemptions and assurances on the future of the $368bn AUKUS deal. The Aus
Builders lobby Chalmers for tax incentives
Australia’s peak home building body is challenging Jim Chalmers to enact tax reform and hold state governments more accountable on planning approvals in its first major submission to the Productivity Commission ahead of a roundtable to be held in August. The Aus
US need for sub base should outweigh pact fears: Cook
The strategic importance to the US of a submarine base in Western Australia bodes well for the AUKUS agreement, WA Premier Roger Cook says. The Aus
Labor forced to defend safety of new locally made trains
Labor has been forced to defend the safety of its new locally made C-series railcars, after a survey of train drivers slammed the roll out as “rushed”, raising concerns about brakes and speed controls. The West
Basil slams IT budget blowout
Opposition Leader Basil Zempilas has slammed the state government as “arrogant” for $1.6 billion worth of IT cost overruns revealed in the Auditor General’s report. The West
Ashes crowd key to future first Test hopes
Perth could be the long-term home of the first cricket Test of the summer, thanks to unprecedented interest and the resurgence of the sport in Western Australia. The West
The Australian Financial Review
Page 2: The head of an Aboriginal organisation overseeing land used by Woodside’s North West Shelf gas facility has accused environmental activists of undermining a bid to secure a world heritage listing for a culturally significant area of Western Australia’s Pilbara.
Page 3: Households will get greater protection from electricity price gouging and unjustified fees imposed by energy retailers under reforms intended to limit power price hikes for consumers.
Page 6: Social media has overtaken online outlets as a primary source of news and information for Australians for the first time, as young people increasingly turn to Facebook, TikTok and Instagram to stay up to date.
Page 8: Companies using artificial intelligence and superannuation funds with big tech investments have been warned that the emissions caused by the enormous amounts of energy required to power AI could be a time bomb for their sustainability strategies.
Page 9: A senior fund manager says new governance rules for listed companies are dead in the water and a review by the Australian Securities Exchange needs to give investors a greater say to more closely tie the regime to company profits.
Page 9: Mike Cox of multinational decarbonisation consultancy Schneider Electric said companies he worked with had almost completely abandoned the Climate Active program, which allows companies to make certified claims that their products are carbon neutral.
Page 15: Regional Express could remain in limbo for months after the Albanese government was forced to extend the collapsed airline’s administration amid a long delay in finding it a new owner.
Page 15: Australia’s biggest private technology company Canva says about 10 per cent of its users now pay for its product after completing its ninth acquisition, snapping up artificial intelligence marketing group Magic Brief, ahead of a long awaited initial public offering.
Page 17: Dubber Corporation is suing its former auditors BDO in the Federal Court, alleging the firm’s negligence contributed to $30 million of company funds being misappropriated by its former chief executive and an associate.
Page 26: The Australian sharemarket finished lower on Tuesday after swinging between gains and losses after US President Donald Trump called for the evacuation of Tehran in a social media post that jolted markets in Asian trading.
Page 27: As the Australian sharemarket hit a record high this month after the tariff induced market rout, stocks from Commonwealth Bank to JB Hi-Fi have also forced new peaks, defying brokers that are telling clients to sell the shares.
The Australian
Page 13: Modelling from the Association of Superannuation Funds of Australia shows a homeowner couple retiring today requires $73,875 a year to live comfortably, while for a single homeowner the figure is $52,383.
Page 15: Rejected PointsBet suitor Betr is questioning whether its target has “acted constructively and in good faith to fully understand the benefits of the Betr proposal”.
Page 21: Poor customer service, issues with the quality of teaching and appeals of academic misconduct findings have topped the list of complaints to the new student ombudsman, while discrimination and racism such as anti-Semitism and Islamophobia, and serious sexual assaults, have also been raised.
The West Australian
Page 11: Perth property values are on solid ground as supply struggles to keep pace with demand, according to two new reports.
Page 11: Tanya Plibersek warned WA officials they risked blowing out decision-making time for the North West Shelf extension by delaying sharing rock art information they had with the Federal Government.
Page 14: Radio 6PR has been hit with a midday slump, as both its morning and afternoon programs drop listeners.
Page 19: The regulatory review of Santos’ record buyout is already clouded by conflicting outside opinions on whether its suitor can rescue Australia’s faltering domestic gas market.
Page 20: The $300 million Mineral Resources and Ganfeng recently allocated to “mainly” keep the lights on at Mt Marion means up to $600m of fresh cash has been pumped into the ailing lithium mine since November, it can be revealed.
Page 20: Energy Minister Chris Bowen will pledge on Wednesday to cut tendering and approvals times for power projects as he calls on the private sector to help fund the national renewable roll-out.
Page 20: A group of blue chip companies building the country’s biggest electric ironmaking furnace in Kwinana has been given $20 million from the Federal Government.
Page 21: Perth is tipped to have the second-lowest rate of business failures among the capital cities over the next 12 months, as new figures hint at a brighter outlook.
Page 21: Federal Treasurer Jim Chalmers insists he will be “methodical” and “considered” in deciding whether a South Korean company should be allowed to own the lion’s share of Australia’s biggest defence shipbuilder.
Page 23: A decision on a reopening of a railway that would pull truck cargoes of lithium concentrate off busy South West roads has been pushed back yet again.
Page 24: The communications watchdog has fined betting giant Tabcorp $4 million for thousands of breaches of spam laws.
Page 33: The Northern Australia Infrastructure Facility has dusted itself off and found a new WA mining venture to invest in less than four months on from a collapse that could cost taxpayers more than $140 million.
Page 37: Planning Minister John Carey has tasked the WA Planning Commission with a formal review of R codes in a bid to simplify the system and encourage greater density in key locations, amid the State’s rapid population growth.
