13/02/2017 - 06:30

Morning Headlines

13/02/2017 - 06:30

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Morning Headlines

Property, health CEOs nudge out bankers, miners in top pay ranks

Executive pay growth has ground to a halt with most of the big bank bosses falling out of the top 10 most highly paid chief executives to be replaced by healthcare and property moguls. The Fin

 

Entrepreneurs not in a rush for ‘clean coal’

Gina Rinehart and Trevor St Baker are the latest resources entrepreneurs to shun ‘‘clean coal’’ projects, despite the federal government’s push towards the technology. The Fin

 

Spooked WA Libs preference One Nation

A federal cabinet minister has left open the spectre of preference deals with One Nation after the West Australian Liberals finalised an extraordinary deal with the burgeoning party to preference it ahead of its Coalition partner, the Nationals. The Fin

 

Power price spike puts heat on ALP

Electricity prices have soared 106 per cent over the past 10 years with the rise in annual household bills outstripping the growth of every other household expense, while also making it the fastest-growing cost for most businesses. The Aus

 

NBN switch will cost users up to 20% more

Households face a price hike of nearly 20 per cent on internet services, on average, as they are required to sign up to the National Broadband Network when it arrives in their neighbourhood and the existing service is switched off. The Aus

 

‘Cut company tax or fall behind’

The nation’s top chief executives have warned that Australia’s competitiveness is being eroded by the energy security crunch and tax system as Donald Trump advances plans for corporate tax cuts. The Aus

 

Grapegrowers left with sour taste after floods

Grapegrowers are facing multimillion-dollar losses after floods inundated vineyards across the Swan Valley yesterday. The West

 

ALP push to expose donations

Opposition Leader Bill Shorten will move today to slash the threshold for election donation disclosures, ban foreign donations and bring on stronger penalties for politicians who abuse the rules. The West

 

Dust threat to BHP exports

BHP Billiton faces a tricky task to maintain its productivity-driven export momentum this year after the State’s environment department put a hold on assessing the minings giant’s Port Hedland expansion plans. The West

 

The Australian Financial Review

Page 1: State government energy policies are under assault, with Victoria being told by the national energy operator that the blackouts that hit South Australia could have been worse without the Hazelwood power station, which is due to close next month.

Executive pay growth has ground to a halt with most of the big bank bosses falling out of the top 10 most highly paid chief executives to be replaced by healthcare and property moguls.

Page 3: Bankwest is set to rock the $1 trillion mortgage market and more than 1.5 million property investors by axing negative gearing benefits that drive lucrative residential property investment, particularly in Melbourne and Sydney.

The head of a registered training organisation set up by former National Union of Workers NSW secretary Derrick Belan allegedly siphoned off more than $150,000 of the organisation’s money into his personal bank account.

Page 4: Gina Rinehart and Trevor St Baker are the latest resources entrepreneurs to shun ‘‘clean coal’’ projects, despite the federal government’s push towards the technology.

Page 6: A federal cabinet minister has left open the spectre of preference deals with One Nation after the West Australian Liberals finalised an extraordinary deal with the burgeoning party to preference it ahead of its Coalition partner, the Nationals.

Port Hedland mayor Camilo Blanco has lambasted BHP Billiton for failing to contain iron ore dust he says is preventing development of the Pilbara town for the benefit of local residents.

Page 11: Under-fire Bellamy’s Australia chairman Rob Woolley is taking the fight to rebel shareholder Jan Cameron in the battle for boardroom control of the infant formula maker, claiming that she and her allies have no clear business plan and the directors she is proposing to appoint lack relevant experience.

Page 13: Japan Post has plans to halve the number of white-collar jobs at Toll Group headquarters and the Melbourne-based regional transport group has warned its unions that up to 2500 of their members could lose their jobs before the end of the financial year.

Medibank Private has struck a new contract with the country’s thirdlargest private hospital operator that will penalise the healthcare provider for poor medical care, but also put the insurer on the hook for bonus payments to recognise high-quality care.

 

The Australian

Page 1: Electricity prices have soared 106 per cent over the past 10 years with the rise in annual household bills outstripping the growth of every other household expense, while also making it the fastest-growing cost for most businesses.

Attorney-General George Brandis was warned last year to take legislative action to pre-empt Friday’s nationwide freeze on indigenous land-use agreements that has stalled Adani’s $16 billion coal project in central Queensland.

Malcolm Turnbull will be urged to strike out two of the most controversial parts of the nation’s racial hatred laws as Coalition MPs build momentum for change out of concern that the current rules impose a “political correctness” that stifles debate.

Page 2: The leader of Pauline Hanson’s One Nation in Western Australia has cast doubt on a controversial preference-sharing deal with the Liberal Party that Premier Colin Barnett hailed as a “sensible and pragmatic” agreement that could save the party several key seats.

Page 4: The construction union has flagged a spike in industrial action on federal government projects across the country as a result of changes to toughen the Australian Building and Construction Commission.

Doug Cameron’s looming retirement from the Senate has sparked divisions within NSW Labor’s Left faction over his replacement, as unions line up to support party heavyweights Tim Ayres or Nadine Flood.

Page 5: Households face a price hike of nearly 20 per cent on internet services, on average, as they are required to sign up to the National Broadband Network when it arrives in their neighbourhood and the existing service is switched off.

Page 17: The nation’s top chief executives have warned that Australia’s competitiveness is being eroded by the energy security crunch and tax system as Donald Trump advances plans for corporate tax cuts.

Page 18: Billionaire Gina Rinehart has kicked off her first board meeting with her Kidman Chinese joint venture partner, outlining plans to introduce new technology to the vast network of cattle stations.

Page 20: Commonwealth Bank chief Ian Narev is set to be grilled on a range of uncertainties this week as investors clamour for insight into the sector’s margins, the health of lending books and cost pressures.

 

The West Australian

Page 3: WA’s second most senior firefighter was in a serious condition in hospital last night after being bashed in Northbridge in what police are treating as a random act of violence.

Page 4: Grapegrowers are facing multimillion-dollar losses after floods inundated vineyards across the Swan Valley yesterday.

Page 5: Wild weather that lashed WA last week and into the weekend causing some of the worst floods in the State in 34 years is expected to leave a damage bill into the tens of millions.

Page 6: A parliamentary inquiry examining free speech will recommend an overhaul of the complaints-handling process for race-hate laws.

Page 7: Nationals leader Brendon Grylls yesterday warned a Liberal-One Nation preference swap could backfire because voters “won’t be told how to vote by a piece of paper resulting from a backroom deal”.

Page 11: With a capacity crowd swelling like a Fremantle derby of old, the port city’s newest football leader yesterday marked her ground.

Page 17: Opposition Leader Bill Shorten will move today to slash the threshold for election donation disclosures, ban foreign donations and bring on stronger penalties for politicians who abuse the rules.

Page 49: BHP Billiton faces a tricky task to maintain its productivity-driven export momentum this year after the State’s environment department put a hold on assessing the minings giant’s Port Hedland expansion plans.

The reputations of the experts who make a living tipping commodity prices look set to take another battering after analysts scrambled to update their forecasts in the face of stubbornly high iron ore prices.

Page 50: Optus and Vodafone want to catch up with Telstra’s superior mobile coverage in the bush — but there is a war of words on how best to do it.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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