17/09/2015 - 06:47

Morning Headlines

17/09/2015 - 06:47

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Meurs out of FMG’s 16m share loan deal

Fortescue Metals Group executive director Peter Meurs has lost control of tens of millions of dollars in Fortescue shares bought under a financing agreement with chairman Andrew Forrest in 2011. The West

Chinese emerge as Kidman cattle empire contender

A Chinese consortium running its bid from Perth has emerged as a leading contender for the Kidman cattle empire covering 10 million hectares across WA, Queensland and the Northern Territory. The West

Arrium wins against union on rostering

The Fair Work Commission has delivered Arrium an industrial relations victory as fellow steel maker BlueScope Steel and its unions enter a fourth day of mediation. The Fin

IGA prepares for Aldi attack

Grocery wholesaler Metcash has kicked off a grassroots campaign to defend the market share of IGA retailers in South Australia and Western Australia before a $700 million Aldi invasion. The Fin

PM ups trade heat on ALP

The Turnbull government has fast-tracked legislation for the China-Australia Free Trade Agreement in a bid to pressure Labor over the deal, while New Zealand Prime Minister John Key said his nation’s economy would benefit if the deal failed. The Fin

Scott demands greater TV tax offset

ABC managing director Mark Scott has called on the new Prime Minister Malcolm Turnbull to raise the tax offset for television production from 20 per cent to 40 per cent of qualifying expenditure, to counter the so-called ‘‘Netflix effect’’ and bring Australia in line with rival locations such as New Zealand. The Fin

Westpac chief tips services boom          

Westpac chief Brian Hartzer is predicting a long-lasting ‘‘services boom’’ for the economy that will help make up for the resources slump, creating significant growth opportunities for small and medium businesses. The Fin

Housing sell-off worth up to $300m

The Western Australian government is mulling the sale and lease back of thousands of government-owned houses potentially worth more than $300 million. The Aus

 

 

The Australian Financial Review

Page 1: The Turnbull government has fast-tracked legislation for the China-Australia Free Trade Agreement in a bid to pressure Labor over the deal, while New Zealand Prime Minister John Key said his nation’s economy would benefit if the deal failed.

Page 4: Prime Minister Malcolm Turnbull’s comments on China’s pivotal role in helping the Allies defeat Japan in World War II are being cited in Beijing as the basis for improved relations between Australia and its biggest trading partner.

Page 10: As far as house prices go, home-owners in one of Canning’s most populous areas are poised to win regardless of Saturday’s by-election.

Page 12: ABC managing director Mark Scott has called on the new Prime Minister Malcolm Turnbull to raise the tax offset for television production from 20 per cent to 40 per cent of qualifying expenditure, to counter the so-called ‘‘Netflix effect’’ and bring Australia in line with rival locations such as New Zealand.

NBN chief executive Bill Morrow has used a speech to the National Press Club to push a proposal to help smaller internet service providers get onto the national broadband network potentially by charging them lower access fees – angering Australia’s biggest telecommunications companies.

Page 17: The Fair Work Commission has delivered Arrium an industrial relations victory as fellow steel maker BlueScope Steel and its unions enter a fourth day of mediation.

BHP Billiton chief executive Andrew Mackenzie says free trade does not kill jobs, it creates them, and has called on the United States to repeal its 40-yearold crude oil ban and dismantle trade barriers with China, India and other emerging economies.

Page 25: Westpac chief Brian Hartzer is predicting a long-lasting ‘‘services boom’’ for the economy that will help make up for the resources slump, creating significant growth opportunities for small and medium businesses.

Page 27: Grocery wholesaler Metcash has kicked off a grassroots campaign to defend the market share of IGA retailers in South Australia and Western Australia before a $700 million Aldi invasion.

 

 

The Australian

Page 1: Tony Abbott was urged to secure Scott Morrison’s support in order to save his leadership, a week before Malcolm Turnbull launched a challenge to become prime minister amid fears of “double-dealing” that would topple the leader.

Page 3: It will cost the federal government $214 million in one year just to pay for people older than 65 in the National Disability Insurance Scheme, according to figures in the agreements for the full rollout in NSW and Victoria.

Page 5: The powerful Australian Medical Association has won an early concession out of much-anticipated Medicare reforms, with the head of a review taskforce agreeing that recommended changes should be staggered to protect doctor and practice incomes.

Page 6: Joe Hockey is putting up a spirited defence of his economic management in the face of Malcolm Turnbull’s indictment of the Abbott government’s economic leadership and presumed preference for replacing him with Social Services Minister Scott Morrison.

Page 20: Aurelia Metals has signalled it will fight tooth and claw to avoid becoming a victim of the cash squeeze at global mining heavyweight Glencore, with the Orange-based gold and base metals miner rejecting attempts by Glencore to push it into administration.

Page 27: The Western Australian government is mulling the sale and lease back of thousands of government-owned houses potentially worth more than $300 million.

 

 

The West Australian

Page 3: WA has a shortfall of 10 breast care nurses that will worsen in the next five years because of a surge in cancer patients, a report shows.

Page 6: The Turnbull Government has indicated it may allow WA to operate its own disability services within a national framework.

Page 7: Colin Barnett says he is hopeful Malcolm Turnbull will be more sympathetic to WA’s case for more GST and reverse Tony Abbott’s ban on funding urban rail — potentially hastening the delivery of MAX.

Page 14: Fremantle and West Coast are enjoying a surge in demand for their merchandise, with the clubs recording bumper sales as excitement builds towards a potential western derby grand final.

Business: Fortescue Metals Group executive director Peter Meurs has lost control of tens of millions of dollars in Fortescue shares bought under a financing agreement with chairman Andrew Forrest in 2011.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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