25/06/2015 - 06:52

Morning Headlines

25/06/2015 - 06:52

Bookmark

Save articles for future reference.
Morning Headlines

Harvest target for rail deal extension

CBH will try to extend its interim deal to run trains on the State’s grain freight network before the start of harvest as the bitter battle with Brookfield Rail enters a new phase. The West

Ascot track better bet, says Barnett

Colin Barnett has called on thoroughbred racing to sell Belmont Park racecourse and retain Ascot headquarters as part of his blueprint for the future of the industry. The West

DJs set to join great Aussie food fight

Supermarket chains Woolworths and Coles could soon be facing competition from an unlikely source - the South African owner of upmarket department store chain David Jones. The Fin

Life planners face $225m fee crunch

Financial planners stand to lose more than $225 million a year in revenue by 2018 from sweeping changes proposed by the beleaguered life insurance industry as it battles a spate of profit falls and complaints about bad advice. The Fin

McInnes hits out over GST

One of the most powerful retail bosses in the country, Mark McInnes, has lashed out at consumer advocate Choice over its claims that online shoppers could face a 250 per cent price slug when buying goods from overseas if a GST is introduced. The Aus

Padbury duo face leader ban

The corporate watchdog has moved to ban Padbury Mining’s chairman and managing director over allegations they breached disclosure obligations during last year’s announcement of a supposed $US6.5 billion funding package for the Oakajee port and rail project. The West

 

 

The Australian Financial Review

Page 1: Financial planners stand to lose more than $225 million a year in revenue by 2018 from sweeping changes proposed by the beleaguered life insurance industry as it battles a spate of profit falls and complaints about bad advice.

Page 3: More than 2700 restaurant, cafe and catering workers have been underpaid $1.2 million in wages, with one in six of the shortfalls related to weekend penalty rates, an inquiry by the national workplace regulator has found.

Page 5: Savers and self-managed super funds are now so desperate for yield they are helping generate a major ‘‘bubble’’ in alternative assets such as hedge and exchange traded funds, with many increasingly buying riskier bonds with fewer legal protections, says one of the OECD’s top officials.

Page 7: Tony Abbott would risk filling the Senate with even more micro party Senators if he called an election this year, even if the Parliament passed changes making it harder for such parties to game the system.

Page 10: Western Australia’s Peppermint Grove council has vowed to demolish the half-built ‘‘Taj-on-Swan’’ arch and dome-concrete structure owned by the family of fallen fertiliser tycoon Pankaj Oswal despite not having a guarantee it can recoup its costs.

Page 17: Supermarket chains Woolworths and Coles could soon be facing competition from an unlikely source - the South African owner of upmarket department store chain David Jones.

Page 19: The billionaire Perich family increased its controlling stake in Freedom Foods just before the company revealed its interest in taking over dairy processor a2 Milk.

Origin Energy chief executive Grant King has issued a plea for a ‘‘thoughtful’’ outcome from the upcoming climate change talks in Paris to avoid a repeat of the ‘‘crazy’’ years that followed the commitments made at the Kyoto talks in 1997.

Page 20: Michael Malone, founder of internet service provider iiNet, and former Victorian premier Jeff Kennett will join the board of Seven West Media as the television, newspaper and magazine group looks to address the structural change in media and its push into digital.

Page 23: Perth conglomerate Wesfarmers has made its first acquisition in oil and gas production, snaring a chunk of Quadrant Energy for $US100 million ($129 million).

 

 

The Australian

Page 1: The Abbott government is preparing to stare down opponents of its trade agreements and commit to controversial provisions in the 12-nation Trans-Pacific Partnership that will allow multinational companies to sue Australian authorities in third countries.

Page 2: Tony Abbott has insisted on the need to put community safety ahead of all other concerns in the government’s new citizenship laws, amid concerns about the scale of the powers revealed to parliament yesterday after weeks of debate.

Page 4: Australia’s remarkable stretch of world-beating economic growth will end for good unless state and federal governments pursue substantial tax and competition reform, the International Monetary Fund has warned.

Page 8: Training colleges will be banned from fining students for dropping out, as the federal government tries to control a ballooning student debt that will top $3.5 billion this year.

Page 19: One of the most powerful retail bosses in the country, Mark McInnes, has lashed out at consumer advocate Choice over its claims that online shoppers could face a 250 per cent price slug when buying goods from overseas if a GST is introduced.

The company building the government’s National Broadband Network has called for an overhaul of the way superfast broadband services will be funded for the bush, saying that the profits from its fixed-line network will not offset the losses from building and operating its wireless and satellite networks in rural and regional Australia.

Mining billionaire Gina Rinehart has praised Indian Prime Minister Narendra Modi for his approach to cutting red tape, arguing Australia has become a nation where compliance is more important to government than performance.

The company building the government’s National Broadband Network has called for an overhaul of the way superfast broadband services will be funded for the bush, saying that the profits from its fixed-line network will not offset the losses from building and operating its wireless and satellite networks in rural and regional Australia.

Page 33: Woolworths is expected to offload at least $100 million worth of Masters stores in the next year and, despite the troubled roll-out of the hardware chain, there is likely to be strong bidding in the heated commercial property market.

 

 

The West Australian

Page 11: Principals have accused some parents of trying to “handball” their children to a free childminding service by dropping them off at school as early as 7am.

Opposition Leader Bill Shorten has issued a stunning public apology, admitting the former Labor government was wrong in its handling of the asylum seeker issue.

Page 13: Colin Barnett has called on thoroughbred racing to sell Belmont Park racecourse and retain Ascot headquarters as part of his blueprint for the future of the industry.

Once a source of community angst, a new report hails the Raffles Hotel high-rise development as an example of high density done well in Perth.

Business: CBH will try to extend its interim deal to run trains on the State’s grain freight network before the start of harvest as the bitter battle with Brookfield Rail enters a new phase.

The State Government will spend almost $3 million on a sealed access road to a privately owned abattoir between Broome and Derby in a boost for the Kimberley cattle industry.

The corporate watchdog has moved to ban Padbury Mining’s chairman and managing director over allegations they breached disclosure obligations during last year’s announcement of a supposed $US6.5 billion funding package for the Oakajee port and rail project.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options