08/09/2015 - 06:40

Morning Headlines

08/09/2015 - 06:40

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Morning Headlines

Farmers urge ACCC to block Asciano takeover

The Western Australia Farmers Federation has urged the Australian Competition and Consumer Commission to block Brookfield Infrastructure’s $8.9 billion takeover of Asciano, arguing it will hurt the international competitiveness of the west coast grain industry. The Fin

Morgan Stanley eyes tower

Morgan Stanley Real Estate Investing’s eighth global property fund is on track to buy a half-stake in Perth tower Exchange Plaza in a deal valuing the entire property at just under $240 million. The Aus

Apple TV reboot to feature at launch event

Apple’s launch event this week is shaping up to be one of its biggest and, apart from the expected refresh of the iPhone, the stage is set for the company to show how it plans to tackle the living room with the new Apple TV and maybe lift the lid on the long-rumoured iPad Pro. The Aus

GST rise would fund tax cuts, health

A GST increase to 15 per cent would allow Tony Abbott give $15 billion in tax cuts and provide extra health money to the states, tax experts say. The Fin

Betting review’s focus live wagers, tax

Social Services Minister Scott Morrison is open to updating online betting laws to keep pace with technology changes but warns wagering operators he will not approve any change that compromises Australia’s sports and racing industries or leads to new risks for problem gamblers. The Fin

Morrison reboots daycare ‘child-swap’ crackdown

Social Services Minister Scott Morrison will today launch a revised crackdown on family daycare educators who engage in “child swapping” — the practice of claiming public subsidies to supposedly watch over each other’s children. The Aus

Oz brews up 3-D deal with AFL

The chameleon of WA business has continued its transformation, with Oz Brewing — through its backdoor listing play — announcing a 3-D printing memorandum of understanding with the AFL. The West

 

 

The Australian Financial Review

Page 1: The head of one of Australia’s biggest industry superannuation funds, Cbus chief executive David Atkin, was likely involved in the leaking of confidential information about its members to the construction union, according to the trade union royal commission’s top lawyer.

Mounting pressure from investors has forced commodities giant Glencore to raise $US2.5 billion ($3.6 billion) from shareholders, including some of its senior executives, to protect its investment-grade credit rating.

Page 8: A GST increase to 15 per cent would allow Tony Abbott give $15 billion in tax cuts and provide extra health money to the states, tax experts say.

Competition regulator Rod Sims warns that Australia Post’s plan to hike the price of stamps to $1 is ‘‘not a done deal’’, as unions gear up for a concerted campaign before a final decision is made in December.

Page 15: Social Services Minister Scott Morrison is open to updating online betting laws to keep pace with technology changes but warns wagering operators he will not approve any change that compromises Australia’s sports and racing industries or leads to new risks for problem gamblers.

The Western Australia Farmers Federation has urged the Australian Competition and Consumer Commission to block Brookfield Infrastructure’s $8.9 billion takeover of Asciano, arguing it will hurt the international competitiveness of the west coast grain industry.

Page 16: Former federal resources minister Martin Ferguson said the high cost of building Australia’s liquefied natural gas facilities has pressured the profitability of projects and raised doubts over whether a second $200 billion wave of developments will ever be built.

Page 18: The Abbott government is ‘‘actively considering’’ introducing an amnesty for 7-Eleven workers on student visas who have been victims of the convenience store chain’s half-pay scam.

Page 19: Topshop’s sales in Australia could eclipse those of international fast fashion chains Zara and H&M after an equity injection and concession agreement with retail giant Myer.

Menus to change after legal breach McDonald’s will change its menus across Australia after the fast food chain’s new display boards were found to breach labelling laws.

 

 

The Australian

Page 2: Business Council of Australia chief executive Jennifer Westacott has warned opponents of the China trade deal not to “play politics with the hopes and dreams’’ of Australian workers and exporters, and to pass the deal.

Manuka honey is the next big thing in the Chinese health food market, after Australian vitamins, and Capilano Honey’s Peter McDonald says the company is poised to capitalise on the craze.

The Business Council of Australia has urged the government to reconsider its plan to let foreign boats skirt local wage laws if they work coastal runs for less than half the year, saying this could help the law get through parliament.

Page 3: The Australian Taxation Office would have tough new powers to access intercepted telecommunications information under a proposal to help better track down major tax fraud that threatens public finances.

Page 6: Social Services Minister Scott Morrison will today launch a revised crackdown on family daycare educators who engage in “child swapping” — the practice of claiming public subsidies to supposedly watch over each other’s children.

Page 19: Westpac chief Brian Hartzer has staked his tenure on hitting a range of ambitious targets, premised on leveraging technology to offer world-leading service and replace Commonwealth Bank as the market darling of the sector.

Page 20: Australian stocks dipped below the key 5000-point level for the third time in as many weeks, but weathered another sell-off in China, which is grappling with questions over its economic growth outlook.

Page 22: Telstra and the Northern Territory government are co-investing $30 million to build essential broadband and mobile telephone infrastructure in the territory over the next three years as part of the telco’s Reconciliation Action Plan to develop digital opportunities for indigenous Australians.

Page 28: Apple’s launch event this week is shaping up to be one of its biggest and, apart from the expected refresh of the iPhone, the stage is set for the company to show how it plans to tackle the living room with the new Apple TV and maybe lift the lid on the long-rumoured iPad Pro.

Technology recruitment has recorded an 8 per cent year-on-year rise for the quarter as digital transformation projects fire up, according to latest industry data.

Page 30: Morgan Stanley Real Estate Investing’s eighth global property fund is on track to buy a half-stake in Perth tower Exchange Plaza in a deal valuing the entire property at just under $240 million.

 

 

The West Australian

Page 3: Veteran retailer Jim Kidd says new laws allowing shoplifters to be fined instead of facing a criminal conviction are “an absolute cop-out” and are contributing to the rising number of thefts from Perth shops.

Page 4: Ride-sharing company Uber has rejected any suggestion it should be required to install security cameras in cars driving on its platform and wants to self-regulate driver training and accreditation.

Page 9: Voters can put Canning candidates under the microscope at a special by-election people’s forum organised by The West Australian and Channel 7.

Page 11: The RSPCA has accused a State parliamentary inquiry of wasting thousands of taxpayers’ dollars on an “insulting” and “politically motivated” probe into its activities.

Business: The chameleon of WA business has continued its transformation, with Oz Brewing — through its backdoor listing play — announcing a 3-D printing memorandum of understanding with the AFL.

TNG has bedded down the first binding offtake deal for its Northern Territory vanadium project, adding real momentum to the group’s talks with potential financiers.

The Environmental Protection Authority has recommended the WA Government approve BHP Billiton’s plan for a new iron ore mine in the Pilbara.

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