11/01/2016 - 06:33

Morning Headlines

11/01/2016 - 06:33

Bookmark

Save articles for future reference.

Choice of super back on agenda

A new clash is looming over rules that can ban millions of workers from choosing their own retirement fund as the government tries to increase choice in the $2 trillion superannuation industry. The Aus

ASX investors brace for more pain

Investors are bracing for the worst start for the year in the history of the Australian sharemarket to continue today. The Fin

Fears grow for 1,000 mine jobs

The fate of 1,000 jobs at the Karara magnetite mine in Western Australia's Mid-West hangs on a decision by the Chinese state-owned Ansteel whether it is prepared to continue to prop up the ailing operation. The Aus

Anger over 'slow' response by DFES

Major questions were raised yesterday about the Department of Fire and Emergency Services' response to the deadly Yarloop bushfire, with residents adamant they did not receive adequate warnings. The West

Dairy farmers hope to get milk moving today

Dairy farmers already forced to tip tens of thousands of litres of milk on the ground are hoping tankers can start moving in and out of their properties today. The West

End of boom requires GST reform: Libs

WA Liberals have made a fresh plea to Federal Treasurer Scott Morrison for the state to be given a bigger slice of GST, warning the end of the mining boom gives new urgency for the need to reform. The West

AWAC cuts do not take in WA

The three alumina refineries in Western Australia's southwest operated by the Alcoa and Alumina-operated AWAC joint venture have been spared in the latest production cuts made by AWAC in response to the crash in prices. The Aus

Farm leader hits out at CBH

WAFarmers vice-president Tony York believes a push to corporatise CBH is a product of grain grower frustration with the giant co-operative. The West

 

The West Australian

Page 2: Major questions were raised yesterday about the Department of Fire and Emergency Services' response to the deadly Yarloop bushfire, with residents adamant they did not receive adequate warnings.

Page 9: Dairy farmers already forced to tip tens of thousands of litres of milk on the ground are hoping tankers can start moving in and out of their properties today.

Page 11: WA Liberals have made a fresh plea to Federal Treasurer Scott Morrison for the state to be given a bigger slice of GST, warning the end of the mining boom gives new urgency for the need to reform.

Business: WAFarmers vice-president Tony York believes a push to corporatise CBH is a product of grain grower frustration with the giant co-operative.

A vessel owned by livestock exporter Wellard is limping to South-East Asia on one engine with about 5,500 cattle on board after unloading sheep that were part of an aborted shipment to Israel.

The world's 400 richest people lost almost $US194 billion last week as world stockmarkets began the year with a shudder on poor economic data in China and falling oil prices.

 

The Australian Financial Review

Page 1: A reluctance to spend superannuation savings means many Australians die richer than the day they retire, according to ground-breaking CSIRO research that may help build support to reduce tax breaks on super savings.

Investors are bracing for the worst start for the year in the history of the Australian sharemarket to continue today.

Competition regulator Rod Sims wants Treasurer Scott Morrison to strengthen his legal powers to stop large companies, including the big four banks, engaging in loss-leading, product bundling, predatory pricing and other practices that Mr Sims says hurt competition.

Page 4: A plan to tax profits on the sale of multi-million-dollar family homes has won the backing of high-profile company director and former Australian of the year, Simon McKeon.

Page 5: Nick Xenophon plans to take on former prime minister Tony Abbott in his Sydney seat

Building industry employers will push for new laws banning the much-despised union tactic of pattern bargaining, even though the trade union royal commission found a ban would be too radical.

Page 13: Entrepreneurs who have made billions on US shale and Queensland coal seam gas are betting that the remote and little-known Beetaloo Basin in the Northern Territory will be Australia's answer to the US unconventional gas phenomenon.

UK-based Laing O'Rourke is seeking $1 billion-plus bids for its Australian construction business, Laing O'Rourke Australia.

Qantas Airways is poised to post even higher than expected profits over the next two financial years as a result of the continued fall in the oil price, according to a leading broker.

Shareholders of Drillsearch Energy look set to approve the $384 million takeover of the Cooper Basin oil and gas explorer by Beach Energy later this month and are keen to see the merged company move rapidly on more deals to take advantage of the depressed oil sector.

 

The Australian

Page 1: A new clash is looming over rules that can ban millions of workers from choosing their own retirement fund as the government tries to increase choice in the $2 trillion superannuation industry.

Page 2: The federal Coalition has been dealt another blow in its bid to legislate tougher sanctions against union bosses who misuse their members' funds, cooling hopes of a breakthrough in the Senate over a bill that could trigger an early election.

Page 4: A dramatic decline in rainfall and slowing stream flows have combined to make a deadly bushfire much more likely in the forests south of Perth, according to the principal research scientist for the West Australian government department responsible for managing fuel loads.

Business: Commonwealth Bank's asset manager, Colonial First State Global Asset Management, is sounding investor appetite for a $3.1 billion global infrastructure fund.

One of Australia's biggest investors in Asia, ANZ, is urging the Turnbull government against further restrictions on investment in the wake of concerns about the lease of sensitive assets to foreign companies.

The fate of 1,000 jobs at the Karara magnetite mine in Western Australia's Mid-West hangs on a decision by the Chinese state-owned Ansteel whether it is prepared to continue to prop up the ailing operation.

The three alumina refineries in Western Australia's southwest operated by the Alcoa and Alumina-operated AWAC joint venture have been spared in the latest production cuts made by AWAC in response to the crash in prices.

The boss of Brickworks, the country's largest brick and tile maker is calling on governments to cut payroll tax just weeks out from the release of a report citing specific recommendations for sweeping tax reform across Australia.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options