14/02/2017 - 06:40

Morning Headlines

14/02/2017 - 06:40

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Morning Headlines

Welfare cuts or taxes will fund NDIS

A threat by the Turnbull government to tie billions in welfare cuts to funding for the National Disability Insurance Support scheme has failed to shift the Senate, meaning the government will either raise taxes or slash spending elsewhere to ensure the scheme is fully funded. The Fin

 

WA deal may give One Nation balance of power

The West Australian Liberal Party’s decision to preference One Nation at next month’s state election could cost it government and hand Pauline Hanson’s party the balance of power in the upper house, says preference whisperer Glenn Druery. The Fin

 

Fire at BHP’s copper mine in Chile as tensions rise

A strike at BHP Billiton’s Escondida copper mine in Chile has turned ugly and police are investigating a fire at the mine that came just hours before 300 masked people stormed the site. The Fin

 

Rinehart appeals trial for trust row

Billionaire Gina Rinehart is appealing a decision by the Federal Court to allow two of her children to take a family trust dispute to a public trial. The Aus

 

Growth ‘at risk’ on power squeeze

One of the world’s biggest miners has joined the chorus of voices warning of the threats to Australian industry, including business viability and investment, from the nation’s energy crunch. The Aus

 

Mediscare ‘cut private surgery’

Public hospitals are increasingly competing with the private sector for insured patients, a trend set to be in focus when listed healthcare companies report their results. The Aus

 

Joyce hints at payback over WA Hanson deal

Malcolm Turnbull is facing pressure from his junior coalition partner after backing the WA Liberal Party’s decision to preference One Nation ahead of the Nationals. The West

 

Rudd warns of new lost generation

Malcolm Turnbull will today lay out an agenda for his new indigenous advisory council as a report reveals insufficient progress in improving the lives of Aboriginal Australians. The West

 

Bankwest tightens screws

Rival lenders are tipped to target property investors locked out of Bankwest by new loan eligibility rules which strip out tax breaks from negative gearing. The West

 

The Australian Financial Review

Page 1: A threat by the Turnbull government to tie billions in welfare cuts to funding for the National Disability Insurance Support scheme has failed to shift the Senate, meaning the government will either raise taxes or slash spending elsewhere to ensure the scheme is fully funded.

Comcare is investigating Australia Post over allegations that some senior managers manipulated data on injured employees’ absences from work to meet key performance indicators and secure hefty bonuses.

Page 2: NRL raids savings to fund digital expansion The National Rugby League has ditched its $54.6 million future fund to help alleviate short-term cashflow issues and pay for a big investment in a new digital media business, the sport’s 2016 accounts reveal.

Page 3: Former trade minister Andrew Robb has urged the Turnbull government to convene a royal commission into the banks.

Seven West Media convinced a judge on Monday to stop one of its former executive assistants, Amber Harrison, from posting embarrassing and confidential information about chief executive Tim Worner and other top managers on social media, then accused her of immediately breaking the order.

Page 4: The West Australian Liberal Party’s decision to preference One Nation at next month’s state election could cost it government and hand Pauline Hanson’s party the balance of power in the upper house, says preference whisperer Glenn Druery.

Page 6: The government and budget experts have dismissed as needless a radical proposal by the International Monetary Fund to impose a ‘‘debt anchor’’ on Australian politicians that would potentially allow Canberra to miss its surplus target if it chose to deploy fiscal stimulus during a crisis.

Page 10: Community expectations about chief executive pay is infiltrating boardrooms, but the interests of shareholders still reign supreme, say board consultants and directors.

Page 11: JB Hi-Fi is gearing up for Amazon’s arrival by building a customer data vault that will help replicate the retailer’s in-store experience online, strengthening loyalty and protecting its share of the home appliances and consumer electronics markets.

Domino’s Pizza Enterprises will release previously confidential figures on franchisee profitability in an attempt to ease investor concerns about the health of its network amid new reports of wages abuse and visa rorts.

Page 13: Aurizon has slashed the number of people who can hire consultants from 200 to two to cut costs and encourage better decisions as new chief executive Andrew Harding overhauls the rail group.

Australia’s biggest listed gold producer, Newcrest Mining, looks set to deliver a big boost to dividends in 2016-17 and could continue growing them in future years now its debt is under control.

Page 15: Tim Woodall, head of boutique oil and gas M&A house Miro Advisors, has shocked clients and staff by advising them he will close the firm for personal and family reasons.

Page 16: A strike at BHP Billiton’s Escondida copper mine in Chile has turned ugly and police are investigating a fire at the mine that came just hours before 300 masked people stormed the site.

 

The Australian

Page 1: A fight over Pauline Hanson’s swelling political power has split the Coalition and sparked claims of “grubby” Labor deals to trade preferences, as federal parliament brawls over whether to accept support from the controversial new senator and her party.

The future of newspaper publisher Fairfax Media can be found not at its declining mastheads The Sydney Morning Herald (established 1831) nor The Age (established 1854) but on Level One of a concrete and glass tower a block from Sydney’s Circular Quay.

Page 2: Malcolm Turnbull will deliver a bleak ninth annual Closing the Gap report today, with an acknowledgment that efforts to reduce indigenous disadvantage remain starkly inadequate.

Page 4: The federal government has blasted the “fear of coal” in the political dispute over energy security as it sends another signal it will back new coal-fired power stations in the hope of easing prices and preventing more blackouts.

Page 5: Billionaire Gina Rinehart is appealing a decision by the Federal Court to allow two of her children to take a family trust dispute to a public trial.

Page 6: One Nation’s preference deal with the West Australian Liberals for the state election on March 11 has drawn the ire of its most highprofile candidate, who has likened the party to a dictatorship.

Rod Culleton, the ex-senator who was deemed ineligible for election, has been gifted a “freedom of movement” pass to access private areas of Parliament House by maverick MP Bob Katter.

Page 7: Scott Morrison has sought to increase pressure on the Senate to pass the government’s omnibus savings bill, linking family tax benefits cuts to a $3 billion boost for the underfunded National Disability Insurance Scheme.

Page 19: One of the world’s biggest miners has joined the chorus of voices warning of the threats to Australian industry, including business viability and investment, from the nation’s energy crunch.

A group of digital entrepreneurs is using the medium that made their fortunes to revitalise a former power in Australian classifieds, taking on industry behemoth, the eBay-backed Gumtree.

Plans for a 20-storey tower above the historic David Jones building in Sydney’s Market Street have been lodged by retail property heavyweight Scentre Group and superannuation fund-backed Cbus Property.

Page 21: Public hospitals are increasingly competing with the private sector for insured patients, a trend set to be in focus when listed healthcare companies report their results.

 

The West Australian

Page 1: One Nation has trumpeted its voter preference deal with the Liberal Party, saying it should guarantee the party the balance of power and the ability to block the part-sale of Western Power if Colin Barnett is re-elected next month.

Page 3: Barramundi, a limited edition version of Monopoly, Bruce Springsteen tickets and a “vegan leather jacket” are just some of the gifts Federal MPs have declared receiving since the intense scrutiny on politicians’ entitlements over summer prompted Sussan Ley to resign as health minister.

Page 4: Look past the gasps and giggles prompted by the Liberal Party’s preference deal with Pauline Hanson’s One Nation and you’ll find a cold and calculated decision based on reality.

Page 5: WA One Nation candidate Margaret Dodd, the mother of murdered teenager Hayley Dodd, was last night at odds with party leadership over the Liberal preference deal, saying the Government was the complete opposite of Pauline Hanson’s party.

Page 6: Malcolm Turnbull is facing pressure from his junior coalition partner after backing the WA Liberal Party’s decision to preference One Nation ahead of the Nationals.

Page 12: Swan Valley grape growers are continuing to count the cost of unseasonal wet weather.

Page 14: Malcolm Turnbull will today lay out an agenda for his new indigenous advisory council as a report reveals insufficient progress in improving the lives of Aboriginal Australians.

Page 15: The Federal Government has been accused of holding the National Disability Insurance Scheme hostage over billions of dollars in welfare cuts that face being blocked by a hostile Senate.

Page 23: Rival lenders are tipped to target property investors locked out of Bankwest by new loan eligibility rules which strip out tax breaks from negative gearing.

Iron ore last night cracked $US90 a tonne as this year’s bull run continued.

Page 24: Civmec’s transition from resources industries work to infrastructure and defence work is proving to be a bumpy one, cutting the engineering company’s interim profit in half.

Newcrest Mining says it is getting serious about chasing new targets at its Telfer gold mine in WA’s north, as it seeks to turn resources into reserves and improve the prospects for the low-grade mine.

Boutique Perth oil and gas advisory firm Miro Advisors is closing its doors. Managing director Tim Woodall told staff late last week and clients yesterday of his decision to wind up the business after seven years.

Page 49: Soaring iron ore prices and fresh hopes for US-led global growth reflation extended the Australian sharemarket winning streak to five days yesterday.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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