08/04/2015 - 05:49

Morning Headlines

08/04/2015 - 05:49

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Morning Headlines

iiNet ordered to give up downloader data

iiNet and several other internet companies were ordered to hand over the identities and addresses – but not email addresses – of thousands of people who illegally downloaded the film Dallas Buyers Club. The Fin

McAleese shares renew all-time lows

The gloom engulfing suppliers and contractors to the resources sector is set to deepen as miners overhaul operations to cut costs and boost cash flow in a bid to survive the steep slide in the iron ore price. The Fin

Cattle clamour creates pinch

Pastoralists are cracking the whip to cash in on record prices for cattle exported out of Broome and Wyndham. The West

New CEO to push household appliances

Coffee-makers connected to smart phones and mixers that download recipes from the net could soon become a reality in Australian kitchens as appliance maker Breville Group eyes the ‘‘internet of things’’ to underpin a new phase of growth. The Fin

New target in pensions reform plan

The federal government is preparing to unwind a $1 billion annual boost to the Age Pension that was announced almost a decade ago amid growing evidence it has failed to achieve its promised benefits despite its soaring cost.

Tensions rise over tower plans

More than $700 million in South Perth development plans have become a point of tension between the council, residents and the State Government. The West

 

 

The Australian Financial Review

Page 1: One-time market star Atlas Iron could be the first of several prominent iron ore mining companies forced to mothball mines or out of business by the global slump in prices.

The Reserve Bank of Australia held back from a widely expected cut in official interest rates, caught between falling prices for Australia’s main commodity exports and surging property prices.

Page 3: iiNet and several other internet companies were ordered to hand over the identities and addresses – but not email addresses – of thousands of people who illegally downloaded the film Dallas Buyers Club.

Page 4: The mineral royalties system is much harder to exploit than the tax system, according to Western Australian Treasurer Mike Nahan.

Page 9: Gas producers are bracing for an inquiry into competition in gas supply, which is expected to be announced as part of an energy white paper to be released by Industry Minister Ian Macfarlane on Wednesday.

Fair Work Commission president Iain Ross has played down the impact of ‘‘modest’’ minimum wage rises on jobs and defended the tribunal’s decision making in the wake of persistent criticism from business.

Page 13: The gloom engulfing suppliers and contractors to the resources sector is set to deepen as miners overhaul operations to cut costs and boost cash flow in a bid to survive the steep slide in the iron ore price.

Page 15: Coffee-makers connected to smart phones and mixers that download recipes from the net could soon become a reality in Australian kitchens as appliance maker Breville Group eyes the ‘‘internet of things’’ to underpin a new phase of growth.

Page 19: Indebted mining and steel group Arrium says it can ‘‘further optimise’’ its mining operations to cut costs if necessary as the iron ore price dive threatens the viability of smaller miners.

Page 35: The Insurance Commission of Western Australia, owned by the WA Government, is seeking to sell the biggest direct property portfolio ever offered in the state – worth more than $800 million – as part of a change in its investment portfolio asset allocation.

 

 

The Australian

Page 1: The federal government is preparing to unwind a $1 billion annual boost to the Age Pension that was announced almost a decade ago amid growing evidence it has failed to achieve its promised benefits despite its soaring cost.

 Page 3: Leading coral reef scientists and environment groups are misrepresenting history and “conflating” the issues of reef protection and coal mining into a moral cause, a former chairman of the Great Barrier Reef Marine Park Authority says.

Page 4: The Australian tax commissioner has described the prospect of a “Google tax” as a mere “stopgap” measure, saying he prefers an international agreement on where tech and mining companies’ international profits are derived and taxed.

Retailers and restaurant owners have warned a new push by the national small business advocate to remove junior rates of pay will increase costs and contribute to youth unemployment.

Page 17: Another suspicious surge in the dollar just seconds before the Reserve Bank issued its latest interest rate announcement has prompted the market watchdog to step up an investigation into the nation’s foreign exchange trading market.

Allegations that News Corp engaged in an aggressive tax avoidance scheme were based on a “fundamental” mistake, the company’s chief executive said in a strong rejection of claims made in Fairfax Media-owned newspapers.

Page 18: The upcoming board spill at Tap Oil has taken on another layer of intrigue, with the company accusing dissident shareholder Northern Gulf Petroleum of defaulting on a $750,000 payment to Tap.

Page 19: Business Council of Australia president Catherine Livingstone has challenged the states to outline how they will provide infrastructure to deal with rapid population growth.

Page 20: The Reserve Bank has backed away from using its regulatory powers to intervene in oversight of digital currencies such as bitcoin, telling a Senate committee that the limited use of the currency had no discernible impact on competition or risk to the financial system.

 

 

The West Australian

Page 1: Parents who refuse to immunise their children face losing welfare payments as part of Federal Government efforts to protect youngsters from deadly diseases.

Page 3: The troubled commissioning of Fiona Stanley Hospital escalated yesterday when WA’s nursing union told surgery patients to have tests for HIV, advice the Government and doctors criticised as scaremongering.

Page 4: Atlas Iron’s 640 WA workers face weeks of uncertainty after the one-time star of the local mining sector said yesterday it would review its future amid plunging iron ore prices.

Page 7: Cottesloe beach could join Sydney beaches such as Bondi and Manly in banning smoking in time for next summer.

Page 10: The State’s industry regulator has launched Supreme Court action against Spud Shed owner Tony Galati after a breakdown in peace talks in WA’s potato war.

Page 11: More than $700 million in South Perth development plans have become a point of tension between the council, residents and the State Government.

Business: The financial watchdog is investigating a spike in the Australian dollar just before yesterday’s Reserve Bank interest rate decision.

After years of exclusion from Perth’s tightly held commercial property market, an aggressive rollout plan has put shoe store Windsor Smith on track to open its seventh WA store within months.

A Reserve Bank interest rate cut, cheaper fuel and a booming housing market — the stars were aligned for the retail sector in February.

Pastoralists are cracking the whip to cash in on record prices for cattle exported out of Broome and Wyndham.

OTOC has made its third purchase of a surveying firm in the past eight months as part of a shift to make the company less reliant on the resources industries.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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