12/10/2015 - 06:49

Morning Headlines

12/10/2015 - 06:49

Bookmark

Save articles for future reference.

PM explores radical road, rail funding

Rail and other city-building projects could soon be funded by pledging to bond holders a slice of the future gains in land taxes generated by rising property prices under options being explored by Prime Minister Malcolm Turnbull. The Fin

No time to lose on China deal

Some of Australia’s most respected corporate leaders are urging federal parliament against delaying ratification of the multibillion-dollar China-Australia free-trade pact as politicians gear up to debate the deal tomorrow. The Aus

ACCC urged to block Asciano deal

A key farm lobby group will urge the Australian Competition and Consumer Commission to block Brookfield Infrastructure’s $8.9 billion takeover of rail and ports group Asciano unless the regulator controls oversight of the nation’s rail freight network. The Fin

Teacher glut kills uni graduate job hopes

A glut of teachers has led Australia’s biggest education department to hire just 6 per cent of graduates on full-time contracts this year. The Aus

Canadian buy adds to Clough expansion

Clough has continued its international expansion, showing faith in North America’s oil and gas prospects by buying a Canadian engineering firm. The West

Project delays drag Doric

Harry Xydas’ construction company Doric Group has blamed lengthy project delays and a drop in resources work for an $8 million annual loss. The West

 

 

The Australian Financial Review

Page 1: Rail and other city-building projects could soon be funded by pledging to bond holders a slice of the future gains in land taxes generated by rising property prices under options being explored by Prime Minister Malcolm Turnbull.

Incoming chief executive of ANZ Banking Group, Shayne Elliott, has flagged a more aggressive push into mortgages in NSW and a period of consolidation in Asia in an effort to lift shareholder returns.

Page 4: The big four banks are snaffling an outsized share of fees generated by the $2 trillion superannuation industry, according to research commissioned by Industry Super Australia (ISA) as it steps up a fight against government moves to overhaul the not-for-profit sector’s governance structure.

Page 6: A pilot program allowing taxpayers to self-assess by giving big four accounting firms, rather than Australian Taxation Office officers, the ability to sign off on their information has been successful and could be rolled out more widely, the tax authority says.

Page 13: A key farm lobby group will urge the Australian Competition and Consumer Commission to block Brookfield Infrastructure’s $8.9 billion takeover of rail and ports group Asciano unless the regulator controls oversight of the nation’s rail freight network.

Page 16: Egencia, the corporate travel arm of online giant Expedia, is looking to make further inroads into the Australian market, where its growth rate exceeds rivals such as Flight Centre Travel Management and Corporate Travel Management but from a much smaller transactional base.

 

 

The Australian

Page 1: Malcolm Turnbull faces rising tensions with the Nationals over a key plank of the written Coalition agreement and deep divisions in the NSW branch of the Liberal Party in his first internal political tests as Prime Minister.

Labor and union concerns about the China free-trade deal will be dealt with at length by an influential parliamentary committee report that recommends the agreement should be approved by all parties.

Page 3: A glut of teachers has led Australia’s biggest education department to hire just 6 per cent of graduates on full-time contracts this year.

Page 6: The federal government has urged Labor not to “turn its back” on communities wanting to trial a new cashless welfare card that aims to curb social harm arising from alcohol abuse.

Page 17: Some of Australia’s most respected corporate leaders are urging federal parliament against delaying ratification of the multibillion-dollar China-Australia free-trade pact as politicians gear up to debate the deal tomorrow.

Mining and energy stocks have soared from multi-year lows this month on growing bets that depressed metals and oil markets have finally bottomed, with investors adding $45 billion to the value of the nation’s ailing resources companies.

Page 18: When South32, the mining company spun out of BHP Billiton, launched in May, its backers claimed its low debt and focus on a clutch of commodities would help it weather any stormy markets ahead.

Page 19: The first Silicon Valley-based tech start-up to list on the ASX has maintained its status as the bourse’s most successful recent IPO, after placating fears of a mass sell-down by the original investors who came out of share escrow on Friday.

Page 22: Ferrari has filed papers for its long-anticipated initial public offering, setting a price range for the shares that could value the luxury carmaker at almost $US10 billion ($13.6bn).

Page 23: Digital publishers have begun stopping visitors who use ad blocking software on their internet browsers from accessing content.

 

 

The West Australian

Page 3: Middle-aged women in Perth are taking up to 60 codeine pills a day to feed their addiction, according to a private drug rehabilitation program.

Page 4: The likelihood of the Perth MAX light rail getting Federal money is improving — but Malcolm Turnbull says there will be strings attached to any Commonwealth commitment to public transport.

Page 7: Perth’s Deputy Lord Mayor Rob Butler has admitted failing to declare a two-day trip to Malacca last year that was paid for by the Malaysian Government.

Page 10: The political impasse on the China-Australia free trade agreement may soon be broken, with Labor to propose a “non-discriminatory” protection of local jobs to avoid offending Beijing.

Business: Harry Xydas’ construction company Doric Group has blamed lengthy project delays and a drop in resources work for an $8 million annual loss.

Clough has continued its international expansion, showing faith in North America’s oil and gas prospects by buying a Canadian engineering firm.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options