WA plan to wrest Defence work
WA plans to torpedo South Australia’s claim to being the nation’s warship building capital, with moves afoot to snare billions of dollars in Defence work from rust bucket States. The West
Super tax reversal revealed
The Abbott government was examining options to change the tax treatment of superannuation up until Labor released its own policy proposals three weeks before the budget, a Treasury letter reveals. The Fin
100 unpaid Ellendale workers forced off site
About 100 workers at the Ellendale mine, famous for its yellow diamonds, were told yesterday the Kimberley operation had been placed in administration and that they would not be paid for the past month’s work, before being forced off site. The West
Westpac banks on bitcoins
Westpac’s venture capital fund has unveiled its second investment in a week, taking a stake in US bitcoin start-up Coinbase in a bid to gain insights into digital currencies and associated technologies. The Aus
New leases for old ‘a lost chance for the land’
Western Australia’s 507 pastoral leases, covering about a third of the state, expired yesterday, to be replaced in a rollout of renewed leases that the government has described as a “once in a generation event”. The Aus
Rio seeks $4b from Hunter mine sale
Rio Tinto is hoping to reap up to $4 billion in a sale of its Hunter Valley coal business, with X2 chief Mick Davis likely to face off with his arch rival and the man many see as the natural owner of the assets, Glencore’s Ivan Glasenberg. The Fin
The Australian Financial Review
Page 1: The Abbott government was examining options to change the tax treatment of superannuation up until Labor released its own policy proposals three weeks before the budget, a Treasury letter reveals.
When Jeff Kennett dobbed Coles into the competition regulator over false ‘‘baked fresh’’ bread claims two years ago, he had no idea he would end up playing King Solomon, adjudicating between Australia’s second-largest food retailer and its smallest suppliers.
Page 3: Free panel scheme to shake up solar One of the world’s biggest solar companies, SunEdison, aims to shake up the Australian power industry by offering to install free solar panels on houses.
The peak tourism body has teamed up with Chinese internet giant Alibaba to promote independent travel to Australia, as part of a push to secure new growth in the $5.7 billion market.
Page 4: Rio Tinto chief executive Sam Walsh has urged Greece to end months of uncertainty and remain part of Europe, warning the impact of a ‘‘Grexit’’ could be more dire than global markets are expecting.
Page 7: The federal government’s new rules on significant investor visas, the ticket for which millionaire foreigners can gain residency in Australia, were formalised today but there has been a mixed reception from the investment community on whether they will slow the flow of capital into the country.
Page 15: Rio Tinto is hoping to reap up to $4 billion in a sale of its Hunter Valley coal business, with X2 chief Mick Davis likely to face off with his arch rival and the man many see as the natural owner of the assets, Glencore’s Ivan Glasenberg.
Page 21: Billionaire Chinese internet entrepreneur Richard Liu is in talks with a global dairy company to buy a strategic stake in takeover target a2 Milk.
The Australian
Page 2: The Industry Department has slashed forecasts for mining and energy exports in 2014-15 and this financial year by a further $17.4 billion as price and production expectations for Australia’s two biggest exports, iron ore and coking coal, continue to slide.
Page 4: Western Australia’s 507 pastoral leases, covering about a third of the state, expired yesterday, to be replaced in a rollout of renewed leases that the government has described as a “once in a generation event”.
Labor’s national Left faction will this weekend consider strengthening rules to protect Bill Shorten from a party room coup after critical safeguards made by caucus in 2013 were omitted from a revised draft national constitution.
Page 7: The association representing general aviation has called for a moratorium on forcing aircraft owners to spend considerable amounts of money to introduce a new navigation system championed by Airservices Australia chairman Angus Houston.
Page 19: Investors have ended the financial year pretty much in the same position they started off in, with the key S&P/ASX 200 index carving out a gain of only 1.2 per cent over the period.
Several of Australia’s most influential fund managers have begun privately pointing fingers over the possible market manipulation of Slater & Gordon shares, with at least one lodging a formal complaint with the corporate regulator.
Page 21: The company building the National Broadband Network will be required to hand over reams of rollout information to internet service providers as part of new measures sought by the competition regulator to keep Telstra’s market dominance in check.
Page 22: Westpac’s venture capital fund has unveiled its second investment in a week, taking a stake in US bitcoin start-up Coinbase in a bid to gain insights into digital currencies and associated technologies.
Page 27: Shares in Australia’s leading telecoms companies have turned the age-old maxim “the best defence is a good offence” on its head by posting huge gains in the past 12 months, defying the volatility riding the bourse for much of the financial year.
The West Australian
Page 1: WA plans to torpedo South Australia’s claim to being the nation’s warship building capital, with moves afoot to snare billions of dollars in Defence work from rust bucket States.
Page 11: Schools are struggling to fill advertised principals’ jobs as the potential pool of qualified applicants dries up and fewer people are prepared to take on the increasingly complex workload.
Page 12: A charity set up to combat suicide in the construction industry has reported a spike in calls for help as the economy slows.
Business: About 100 workers at the Ellendale mine, famous for its yellow diamonds, were told yesterday the Kimberley operation had been placed in administration and that they would not be paid for the past month’s work, before being forced off site.
The head of one of Australia’s biggest agribusinesses has hit out at some of the Abbott Government’s new rules on foreign investment in farmland.
Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies curtail spending and stall projects — and their smaller rivals are seizing the opportunity to gain ground.
Orbital Corp is quitting its auto LPG businesses and setting up a technology incubator as the latest steps in the revamped board’s multi-prong growth strategy.
The bill for Wesfarmers-owned Coles’ bullying of suppliers four years ago has added up to more than $23 million.
