PM to force universities to build business links
Universities will be forced to build closer links with business if they are to reap an extra $127 million in research grants outlined in the government’s innovation statement. The Fin
250 health jobs on the line
The Department of Health will offer 250 voluntary redundancies across the South Metropolitan Health Service as part of a savings drive linked to the reconfiguration of services at Fiona Stanley, Fremantle and Royal Perth hospitals. The West
ATO targets school fees from tax havens
In a co-ordinated Australia-wide crackdown, more than 100 parents with children at 60 of the country’s elite private schools will be contacted from today about why fees are originating from accounts in “high-risk” jurisdictions such as Switzerland, the British Virgin Island and the Channel Islands. The Aus
Forrest’s injection beefs up Harvey
Harvey Beef made a net profit of more than $3 million in the first full year of operations under the ownership of Andrew Forrest and now carries cattle worth more than $10 million on its books. The West
Is that a fake YSL bag? Scan it with a YPB phone app
ASX-listed YPB Group will pay almost $7 million for the right to sell world-leading anti-counterfeiting technology, which lets people spot fake products by simply scanning them with their smartphone. The Fin
Palmer in peril as court, banks baulk at lifeline
Clive Palmer’s teetering business empire could come crashing down as early as today, with the federal MP warning he will be forced to put his Queensland Nickel refinery into administration and sack almost 800 workers. The Aus
Lidl edges closer to local launch
Lidl has applied to Australian intellectual property authorities for a trademark for a new service called Lidl Connect, adding to the more than 800 trademarks the company has taken out here since 2000 as speculation grows the retailer will one day opens its doors in Australia. The Aus
The Australian Financial Review
Page 1: Annual income tax rebates of up to $200,000 for retail investors and relaxed bankruptcy laws to encourage risk-taking are at the centre of the federal government’s push to boost innovation that Prime Minster Malcolm Turnbull says is critical for the economy to move from mining to the ‘‘ideas boom’’.
In a surprise twist to the long-running and protracted sale of the Investa Property Group, DEXUS Property Group is in talks to buy the listed Investa Office Fund for around $2.5 billion.
Page 4: Loosening restrictions on importing second-hand cars would be a disaster for consumers, according to the chief executive of the organisation that represents car manufacturers and importers that sell more than 1.1 million new vehicles in Australia each year.
Page 5: Top chief executives say a flexible workplace system is needed to unlock the potential of the digital economy so they can offer services from healthcare to shopping 24 hours a day, 365 days a year.
Page 6: Universities will be forced to build closer links with business if they are to reap an extra $127 million in research grants outlined in the government’s innovation statement.
Page 13: Hanging as a dark cloud over the market for the next several years are large volumes of LNG from committed US export projects that have firm sales contracts but have yet to be sold to end users.
Page 14: Investors who bought into Dick Smith should not have been surprised to see the value of their shares all but obliterated, the retailer’s eponymous founder says.
Page 20: Online wine seller Vinomofo is expanding overseas, and if its entrance in new markets is successful the business will do its first capital raise.
Page 21: ASX-listed YPB Group will pay almost $7 million for the right to sell world-leading anti-counterfeiting technology, which lets people spot fake products by simply scanning them with their smartphone.
Page 27: The popularity of PlayStation 4 is bolstering Sony’s long-term confidence for its flagship games console, after sales topped 30 million units last month.
The Australian
Page 1: Clive Palmer’s teetering business empire could come crashing down as early as today, with the federal MP warning he will be forced to put his Queensland Nickel refinery into administration and sack almost 800 workers.
Page 3: More than half of the white-collar criminals convicted during the past two years have escaped jail time, instead receiving non-custodial sentences or fines, outraging victims and alarming the corporate regulator.
Page 4: Russia will make a move into Asia that is likely to challenge Australia for a major share of its energy markets.
Page 5: In a co-ordinated Australia-wide crackdown, more than 100 parents with children at 60 of the country’s elite private schools will be contacted from today about why fees are originating from accounts in “high-risk” jurisdictions such as Switzerland, the British Virgin Island and the Channel Islands.
Page 6: Investors in start-up businesses will receive a taxpayer-funded subsidy of $20,000 for every $100,000 they invest, as well as a 10-year holiday from capital gains tax, in measures intended to make high-risk new business ventures easier to finance.
Page 7: Malcolm Turnbull will relax Australia’s insolvency laws to encourage risk-taking and innovation, including reducing the default bankruptcy period from three years to one year.
Page 19: Australia’s top chief executives are predicting that a wave of fresh funds will flow into the nation’s technology and venture capital ecosystems following Malcolm Turnbull’s $1.1 billion innovation statement that promises a shakeup of the tax system and business laws.
Page 21: Lidl has applied to Australian intellectual property authorities for a trademark for a new service called Lidl Connect, adding to the more than 800 trademarks the company has taken out here since 2000 as speculation grows the retailer will one day opens its doors in Australia.
Page 29: Big data start-up Hivery uses machine learning and artificial intelligence to create analytics tools that help boost clients’ profits, with the technology currently being tested in Coca-Cola Amatil vending machines across Australia, New Zealand, the US and Europe.
Consumers could soon use smartphones to know if fruit and vegetables at their local supermarket are fresh and farmers could fly drones that detect diseases in crops, thanks to tiny spectroscopy sensors developed in Australia.
The West Australian
Page 3: The Department of Health will offer 250 voluntary redundancies across the South Metropolitan Health Service as part of a savings drive linked to the reconfiguration of services at Fiona Stanley, Fremantle and Royal Perth hospitals.
Page 11: Kite and windsurfers may face restrictions at Cottesloe beach after concerns sparked by an incident in which a beachgoer was accidentally hit by a windsurfer at a popular playground.
Business: Harvey Beef made a net profit of more than $3 million in the first full year of operations under the ownership of Andrew Forrest and now carries cattle worth more than $10 million on its books.
Metals X has tried to breathe life into its attempted takeover of Pilbara copper miner Aditya Birla, sweetening the bid terms though it is unclear whether this will win over the target’s controlling shareholder.
Pulse Health, backed by the Wyllie Group’s Viburnum Funds, is moving into WA with plans to buy the Waikiki Private Hospital and Westminster Day Surgery as part of a $48.3 million national acquisition of endoscopy and day-surgery assets.
Blackham Resources is fast-tracking the drawdown of a $30 million debt line with Orion Mine Finance as it races to complete a definitive feasibility study for its Matilda gold project, near Wiluna.
