22/12/2015 - 06:50

Morning Headlines

22/12/2015 - 06:50

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Six-month freeze on public service jobs

A public sector-wide hiring freeze will be imposed for six months as the State Government grapples with the fallout from its increasingly shaky financial position. The West

CBH cuts deeply to keep costs in check

CBH chief executive Andy Crane has opened up about the organisation’s cost-cutting program after another high-profile departure from his management team. The West

Business blasts IR blueprint

Business has blasted the Productivity Commission’s proposed blueprint for the nation’s workplace system as an ‘‘opportunity lost’’, with BHP Billiton leading the charge to urge Malcolm Turnbull to seek a mandate for more ambitious policy changes at next year’s federal election. The Fin

Big W appointment gets thumbs up

Woolworths shareholders have welcomed the appointment of former OrotonGroup chief executive Sally Macdonald to run Big W, saying the move is another sign that Woolworths plans to sell or demerge its general merchandise business. The Fin

Journalism the lowest priority for ABC head

A journalism background was the least desirable of 15 selection criteria the ABC used in choosing its new managing director. The Aus

 

 

The Australian Financial Review

Page 1: Business has blasted the Productivity Commission’s proposed blueprint for the nation’s workplace system as an ‘‘opportunity lost’’, with BHP Billiton leading the charge to urge Malcolm Turnbull to seek a mandate for more ambitious policy changes at next year’s federal election.

Page 4: Former ACTU president and Labor minister Martin Ferguson has backed the Productivity Commission’s call to cut ‘‘excessive’’ Sunday penalty rates, describing its stand as a ‘‘victory for common sense’’.

Page 6: Grain grower John Booker anticipates a lift in profitability thanks to the abolition of agricultural export subsidies but, like many, he’s not celebrating the end of harmful protectionist policies just yet.

Page 7: Western Australian Treasurer Mike Nahan summed up the perils of managing the state’s finances by lamenting that it was hard to run a government ‘‘when you get pushed into relying on iron ore royalties’’.

Page 10: The doctors’ lobby has warned the government not to allow health funds to price insurance based on factors such as age and lifestyle, while attacking ‘‘junk’’ policies that don’t cover common procedures.

Page 11: Michelle Guthrie, the new managing director of the ABC, says it is important for the public broadcaster to look at ways to make money from its content in what are ‘‘budget constrained times’’.

Page 15: Australia’s second-largest wine company, Accolade Wines, has laid the groundwork for a return to the stock exchange in 2016 with a 10 per cent rise in sales from its Australasian operations, which have a hefty ‘‘tax asset’’ of $213 million.

Page 16: Woolworths shareholders have welcomed the appointment of former OrotonGroup chief executive Sally Macdonald to run Big W, saying the move is another sign that Woolworths plans to sell or demerge its general merchandise business.

 

 

The Australian

Page 1: A journalism background was the least desirable of 15 selection criteria the ABC used in choosing its new managing director.

Page 2: The case against the Australian government over its much criticised ban on live cattle exports to Indonesia in 2011 is gathering strength, as farmers and cattle companies prepare a huge damages claim against the commonwealth.

Page 13: Gaming billionaire James Packer has quit the board of his gaming empire, Crown Resorts, adding fuel to speculation he is pushing to privatise the casino company.

Page 14: Embattled steelmaker and miner Arrium is bleeding $100 million of cash a year from its South Australian iron ore mines, analysts say.

Page 18: Westfield Corporation has sold five US shopping centres for $US1.1 billion ($1.53bn) as it offloads smaller assets to focus on larger malls in gateway cities such as London and New York.

 

 

 

The West Australian

Page 7: A public sector-wide hiring freeze will be imposed for six months as the State Government grapples with the fallout from its increasingly shaky financial position.

Page 8: Colin Barnett has proposed a radical redesign of the nation’s tax system in which the Federal Government would give the States a proportion of their income tax revenue instead of tied grants controlled by Canberra.

Page 11: Australia’s biggest McDonald’s has quietly opened its doors in Perth’s southern suburbs.

Business: CBH chief executive Andy Crane has opened up about the organisation’s cost-cutting program after another high-profile departure from his management team.

Two international leaders in water treatment have put forward plans to use the vast reserves of saline water in Wellington Dam to irrigate thousands of hectares of farmland.

The State Government has set aside $8.4 million to pay compensation to pastoralists stripped of leases, including some told 25 years ago their leases would not be renewed this year.

SRG has won $150 million in drill and blast work at four of Evolution Mining’s gold mines.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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