NBN faces new network blowout
The company building the government’s National Broadband Network is facing a $640 million bill to repair and replace parts of the decrepit copper network it bought from Telstra to underpin the nation’s biggest-ever infrastructure project. The Aus
Rio’s Walsh wants Australia to aim for Asia’s tax rate
Rio Tinto chief executive Sam Walsh says Australia should aim to adopt Asia’s average corporate tax rate of about 21 per cent, because the local system has ‘‘fallen out of step with the rest of the world’’. The Fin
‘Pedigree’ names back Perth clean-tech listing
Two prominent Perth companies have put their weight behind the state’s newest technology listing, Hazer Group, which finished its debut trading day at a slight premium on Wednesday. The Fin
Contractor feels pain of cuts
The loss of a key Fortescue Metals Group contract has contributed to mining logistics provider Bis Industries booking writedowns of more than $700 million. The West
WA losing battle for tourists
WA lags the nation in attracting overseas visitors, latest figures reveal. As a result, spending by international tourists in WA fell $60 million (2.6 per cent) in the year to September. The West
Pub trading hours linked to injuries
Further extending the trading hours of Perth’s licensed premises will result in more people with alcohol-related injuries attending metropolitan emergency departments, according to the National Drug Research Institute. The West
The Australian Financial Review
Page 1: The federal government will look at whether up to $80 billion in annual personal and company income tax deductions can be traded off for lower tax rates, including an end to the tax benefit from corporate interest payments.
The coal divestment lobby has stopped campaigning against BHP Billiton and Rio Tinto, which have been quietly selling their coal mines and are unlikely to approve new ones.
ACTU secretary Dave Oliver has offered to negotiate with the Turnbull government over tougher governance standards for unions, declaring the ‘‘best cleanser is sunlight and transparency’’.
Page 3: Unions and industry superannuation funds have won an intense lobbying campaign against the banking industry to convince the Senate to defeat the federal government’s attempt to reduce the power of union and employer group representatives over the savings system.
Page 6: Prime Minister Malcolm Turnbull downplayed an export-led surge in September quarter growth and called for fresh efforts to broaden the economy and avoid continuing declines in living standards.
Page 9: Rio Tinto chief executive Sam Walsh says Australia should aim to adopt Asia’s average corporate tax rate of about 21 per cent, because the local system has ‘‘fallen out of step with the rest of the world’’.
Page 15: TPG Telecom executive chairman David Teoh is speeding up the rollout of fibre cable for internet access and promising access at prices he claims Telstra cannot match.
Page 17: Dick Smith chairman Rob Murray is standing by his embattled chief executive, Nick Abboud, dismissing an online trade report that he would be replaced by a former BIG W and Myer executive.
Page 19: TransferWise, the London-based start-up Hinrikus co-founded four years ago, is about to amp up in Australia by undercutting banks with fees of less than 10 per cent of what they charge for international money transfers.
Page 26: Two prominent Perth companies have put their weight behind the state’s newest technology listing, Hazer Group, which finished its debut trading day at a slight premium on Wednesday.
The Australian
Page 1: The company building the government’s National Broadband Network is facing a $640 million bill to repair and replace parts of the decrepit copper network it bought from Telstra to underpin the nation’s biggest-ever infrastructure project.
Page 2: Commonwealth auditors are poised to begin a sweeping second audit of the troubled National Rental Affordability Scheme and participating firms are preparing to brief them on ongoing flaws in the administration of the Rudd-era housing program.
Page 4: Scott Morrison has described the GST as a “growth-friendly” tax, strongly hinting it will form part of a proposed tax package that would include a reduced reliance on personal income tax and other direct taxes.
Page 7: Contrary to popular perception, Australia’s regional communities are resilient, productive, diverse and moving towards a services-led economic future away from mining, agriculture and manufacturing.
Page 19: Fund managers last night rushed Santos’s $585 million retail shortfall, marking the final chapter of Santos executive chairman Peter Coates’ high-stakes $2.5 billion plan to win back support of the investors.
The move to a 24/7 work culture is becoming the new challenge for women staying in senior executive roles, according to company director Diane Grady.
Page 21: Nine Entertainment Co’s new boss, Hugh Marks, is poised to implement his first major management change with the promotion of group general counsel Amanda Laing.
Page 33: Five years on from what he calls “the worst moment in FIFA’s history”, England’s Football Association chairman Greg Dyke has claimed that the 2022 World Cup in Qatar is still under threat from corruption investigations and renewed concerns over the treatment of migrant workers.
The West Australian
Page 3: A national survey of school principals reveals they are increasingly attacked by aggressive parents and students in WA, with 38 per cent saying they had been physically assaulted.
Page 7: The State Government is under mounting pressure from Perth’s fired-up fishing community to get to the bottom of a big-scale fish kill in Cockburn Sound.
Page 9: Police are forming strike teams to go after Perth’s most prolific thieves in a bid to curb the city’s spiralling crime problems.
Page 11: WA lags the nation in attracting overseas visitors, latest figures reveal. As a result, spending by international tourists in WA fell $60 million (2.6 per cent) in the year to September.
Page 12: Falling rents and petrol prices have helped ease cost of living pressures on WA’s poor but many are still left with just a few dollars at the end of a working week.
Page 15: Hospitals are potential targets for terrorists to hack into computer systems and take control of medical equipment to harm patients, a Perth conference has heard.
Fremantle Hospital could lose its intensive care unit and ability to do major surgery under changes expected to be announced today.
Page 22: Further extending the trading hours of Perth’s licensed premises will result in more people with alcohol-related injuries attending metropolitan emergency departments, according to the National Drug Research Institute.
Business: Yahoo’s board has started a marathon series of meetings to thrash out whether to go ahead with a plan to spin off its stake in Chinese ecommerce giant Alibaba or shift gears and sell its core business.
Former Macmahon Holdings boss Ross Carroll is set to join base metals miner MMG as chief financial officer.
The Supreme Court has allowed Roy Hill project manager Samsung C&T to seize a $1.5 million security bond from a Thai supplier.
The loss of a key Fortescue Metals Group contract has contributed to mining logistics provider Bis Industries booking writedowns of more than $700 million.
