23/06/2015 - 06:45

Morning Headlines

23/06/2015 - 06:45

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Morning Headlines

Vacant lots to surround quay

The tender documents say the area surrounding the quay would not be fully developed for 15-20 years but Planning Minister John Day has since sought to play that suggestion down, saying Elizabeth Quay would take 10 years to develop. The West

Make states fund health: PM’s office

The states would lose up to $18 billion a year in Commonwealth support for public hospitals and be left to fund and operate the system by themselves, under one option prepared by the Prime Minister’s department as part of the Federation reform process. The Fin

High-tech monitors will be left to fail to cut costs

A central plank of the Barnett Government’s efforts to protect beachgoers from sharks — a “cutting edge” monitoring network — will fall into disrepair within two years after funding for its upkeep was removed. The West

Logistics firm moves from Virgin to Qantas

Virgin Australia will go it alone in the highly competitive domestic air freight market with its own cargo division, after Toll Air Express said it would put the cargo that doesn’t fit in its dedicated freighters in the belly of Qantas Airways aircraft instead. The Fin

Perich kicks off dairy wars

The billionaire Perich family has moved to increase its foothold in the Australian dairy industry with its majority-owned Freedom Foods making an unsolicited approach to listed milk company a2 Milk for a takeover in partnership with a leading international dairy milk company. The Aus

LNG projects ‘will have to wait’ for customers

Woodside Petroleum’s Browse floating project, the Sunrise venture in the Timor Sea, and the ExxonMobil-led Scarborough project off Western Australia will all take longer than anticipated, as will most Canadian LNG projects, said Singapore-based Dr Fesharaki, chairman of FACTS Global Energy. The Fin

Come clean on tax, Coles boss tells Aldi

The supermarket wars have turned into a tax battle, with the chief executive of Wesfarmers demanding to know if German discounter Aldi is paying its fair share in Australia. The Aus

 

 

The Australian Financial Review

Page 1: The states would lose up to $18 billion a year in Commonwealth support for public hospitals and be left to fund and operate the system by themselves, under one option prepared by the Prime Minister’s department as part of the Federation reform process.

Page 5: Wesfarmers boss Richard Goyder has turned his guns on rising rival Aldi over tax, suggesting the German-owned chain may not be paying its fair share.

Queensland, WA and Victoria have scotched South Australian Premier Jay Weatherill’s call to improve the GST by applying it to financial services as well as harmonising payroll tax.

Page 10: The French government is increasing pressure on Australian federal and state governments to act more aggressively to tackle climate change as it seeks to galvanise support for critical talks in Paris in December aimed at agreeing on a legally binding agreement to limit carbon dioxide emissions.

Page 11: Two of Australia’s most prominent economists have clashed over whether the federal government should remove itself from the process of dictating where new roads, railways and other infrastructure are built.

Page 12: Compulsory retirement saving is creating a ‘‘millionaire middle class’’ and helping Australia grow wealthier at a faster pace than the rest of the world, but the superannuation system needs reform to stem widening income inequality.

Page 15: The corporate watchdog is investigating financial services house IOOF after Fairfax Media revealed serious allegations of misconduct by senior staff including insider trading, suspected front-running of clients, the misrepresentation of performance figures and cheating on compliance and training exams.

Page 17: Virgin Australia will go it alone in the highly competitive domestic air freight market with its own cargo division, after Toll Air Express said it would put the cargo that doesn’t fit in its dedicated freighters in the belly of Qantas Airways aircraft instead.

Page 20: Listed education business Navitas is overhauling the way it structures university contracts to avoid a repeat of 2014’s devastating move by Macquarie University to walk away from its contract and offer no compensation.

Page 21: Woodside Petroleum’s Browse floating project, the Sunrise venture in the Timor Sea, and the ExxonMobil-led Scarborough project off Western Australia will all take longer than anticipated, as will most Canadian LNG projects, said Singapore-based Dr Fesharaki, chairman of FACTS Global Energy.

 

 

The Australian

Page 1: Former union leader Kathy Jackson has launched a vicious attack on Bill Shorten, pulling the Opposition Leader into her claim that “evil” figures within the ALP and union movement have conspired against her.

Page 3: The supermarket wars have turned into a tax battle, with the chief executive of Wesfarmers demanding to know if German discounter Aldi is paying its fair share in Australia.

Page 5: The agency running the $22 billion national disability insurance scheme will spend up to $900 million a year on housing but has declared it will never own or build housing stock, according to a draft discussion paper.

Page 6: Clive Palmer has attacked a retired Supreme Court judge who made adverse findings about suspected fraud and the spending of about $23 million belonging to China.

Page 19: The billionaire Perich family has moved to increase its foothold in the Australian dairy industry with its majority-owned Freedom Foods making an unsolicited approach to listed milk company a2 Milk for a takeover in partnership with a leading international dairy milk company.

There has been an exodus from the board of Ranger uranium miner Energy Resources of Australia after its 68 per cent shareholder Rio Tinto killed off the group’s planning for a life-extending underground development.

Page 21: Creditors of failed stockbroker BBY may have to wait months to discover the whereabouts of money that went missing from client trust accounts, administrators said yesterday.

Gina Rinehart just might have the golden touch judging by the first exploration results from her bankrolling of a Victorian joint venture with ASX-listed Catalyst and self-declared gold “bug’’ Tom Burrowes.

 

 

The West Australian

Page 1: A central plank of the Barnett Government’s efforts to protect beachgoers from sharks — a “cutting edge” monitoring network — will fall into disrepair within two years after funding for its upkeep was removed.

Page 6: Opposition Leader Bill Shorten has indicated that Labor will support increased powers to strip dual nationals of their citizenship after the Federal Government beefed up judicial oversight.

Page 7: The tender documents say the area surrounding the quay would not be fully developed for 15-20 years but Planning Minister John Day has since sought to play that suggestion down, saying Elizabeth Quay would take 10 years to develop.

Page 14: A proposal to charge wealthy parents a fee to send their children to public schools has been ruled out by the Federal and State governments in the face of near universal condemnation.

Page 16: Opposition Leader Mark McGowan wants Royalties for Regions money to be used to subsidise free entry to the Perth Royal Show for children under 12.

Business: The Department of Agriculture and Food WA has called industry leaders to a crisis meeting about its future in the wake of savage staff and budget cuts.

The global financial crisis was a far-from-happy experience for investors and business owners, though it proved a winner for long-serving Gold Corporation chief executive Ed Harbuz.

Skilled Group’s board is expected to embrace revised terms of a merger-of-equals approach from rival Programmed Maintenance Services as early as today to end seven months of haggling over the creation of a $700 million labour hire giant.

Kerry StokesSeven Group Holdings has brought forward the ascension of son Ryan to the chief executive’s position by almost two months to next week.

Online job search company Seek has shocked investors with an earnings warning following a series of IT problems within its education division.

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