14/03/2017 - 06:46

Morning Headlines

14/03/2017 - 06:46

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Morning Headlines

First-home buyers may get super access

Treasurer Scott Morrison has fuelled speculation the government may allow first-home buyers to access their superannuation to break into the market, after he said the cost of entering the housing market was causing couples to put off having children. The Fin

 

Xenophon warns Hanson on more deals

Nick Xenophon says Pauline Hanson would be mad to do any more preference deals with the Coalition because minor parties always end up the biggest loser from such arrangements. The Fin

 

Rival to take on ASX over equities clearing

The ASX is facing competition for clearing and settling equities, with blockchain start-up SETL pledging to build a cheaper, quicker system. The Fin

 

Bishop dares China on democracy

Foreign Minister Julie Bishop has warned China it will never reach its full potential unless it embraces democracy, while calling on the US to increase engagement in the Asia-Pacific. The Aus

 

Big swings put 10 of 11 federal Libs at risk

Ten of the 11 federal Liberal MPs in Western Australia would face losing their seats if massive swings of up to 23 per cent that wiped out the Barnett government were replicated in a national election. The Aus

 

Sensitive souls at Seven West

Isn’t Tim Worner’s Seven West Media sensitive about the mess over at the company’s Perth headquarters, aka “The Swamp”? The Aus

 

Call to scrap iron ore berth sale

Western Australia’s new McGowan government has been urged to scrap the proposed $500 million-plus sale of the Utah Point iron ore berth at Port Hedland amid concerns it could jeopardise the recovery of the smaller miners that use the facility. The Aus

 

Hospital case

The board that oversees Princess Margaret Hospital has ordered a review into complaints by staff that poor morale and management are jeopardising patient safety. The West

 

Time for official Nats deal to end three-way trouble

A regional backbencher hit by a 22 per cent swing on Saturday has called for a formal coalition between the Liberal Party and the Nationals to stop three-cornered contests in country seats. The West

 

Vimy bid to beat uranium ban

Andrew Forrest-backed Vimy Resources is hoping an announcement about its Mulga Rock project lodged with the Australian Securities Exchange 24 hours before Saturday’s State election will bolster the chances of the uranium play going ahead despite the opposition of the new Labor State government. The West

 

The Australian Financial Review

Page 1: The South Australian government is set to intervene in the gas market to safeguard its own energy security as part of a sweeping overhaul of energy policy to try to curb soaring electricity prices and deliver better reliability, sparking concerns about a potential unravelling of the national gas market.

Page 2: International tourists arriving in Cairns will be able to open the Uber app and order a car from Thursday when the ride-sharing service expands into four new regional cities.

Page 3: Treasurer Scott Morrison has fuelled speculation the government may allow first-home buyers to access their superannuation to break into the market, after he said the cost of entering the housing market was causing couples to put off having children.

Page 4: WA’s John Poynton carves up Colin Barnett One of Western Australia’s most prominent businessmen, Future Fund board member John Poynton, says outgoing premier Colin Barnett needs to take responsibility for the party’s crushing defeat and Prime Minister Malcolm Turnbull needs to lift his game or face a similar fate.

Nick Xenophon says Pauline Hanson would be mad to do any more preference deals with the Coalition because minor parties always end up the biggest loser from such arrangements.

Work has stopped on the $1.9 billion Perth Freight Link less than 48 hours after Labor’s Mark McGowan was elected West Australian premier and before being sworn into office.

Page 5: Foreign Minister Julie Bishop has appealed to Washington to increase its engagement in the region to combat a risk to stability and peace caused by the rise of China.

Page 6: A federal court judge has blasted the Australian Building and Construction Commission for wasting time and taxpayers’ money on taking two Construction, Forestry, Mining and Energy Union officials to court for ‘‘having a cup of tea with a mate’’.

Page 7: An international expert says the exploration incentives that Australia offers to oil and gas companies are ‘‘excessive’’, as analysis by Citi shows a 10 per cent royalty would generate $3.96 billion over the next five years.

Page 13: The ASX is facing competition for clearing and settling equities, with blockchain start-up SETL pledging to build a cheaper, quicker system.

Tabcorp has taken the highly unusual step of withdrawing from the competition watchdog’s ‘‘informal’’ process to clear its proposed $11 billion merger with Tatts Group, and has instead taken its case straight to the Australian Competition Tribunal.

Page 16: Stamp duty concessions will go some way to addressing housing affordability in Australia and prove less inflationary than grants, according to head of Elders Home Loans and banking stalwart John Rolfe.

Page 18: Emeco chief executive Ian Testrow says he has no concerns about the intentions of the US fund that has positioned itself to snare up to 34 per cent of the mining equipment group through its three-way merger with rival contractors Orionstone and Andy’s Earthmovers.

Page 20: Time is running out for former backdoor listed tech star 1-Page, with the board readying to shut the company down following a corporate raid late last year.

Page 21: Western Australia’s new McGowan government has been urged to scrap the proposed $500 million-plus sale of the Utah Point iron ore berth at Port Hedland amid concerns it could jeopardise the recovery of the smaller miners that use the facility.

Page 22: David Raftis was worried. On a Monday in October 2010, the UBS investment banker and executive director, who was advising on the proposed sale of the coalmine of the collapsed Griffin Coal, fired off an email to Griffin’s administrators, KordaMentha.

 

The Australian

Page 1: Malcolm Turnbull has counselled senior ministers involved in a Victorian factional war to end the feud, amid allegations that the damaging leak of travel records against Health Minister Greg Hunt could have been an internal “political hit”.

Foreign Minister Julie Bishop has warned China it will never reach its full potential unless it embraces democracy, while calling on the US to increase engagement in the Asia-Pacific.

Page 2: The Turnbull government has accused some of the nation’s most high-profile companies of striking “sweetheart” deals with unions to slash penalty rates, commercially disadvantaging small businesses trading on Sundays.

Page 4: One Nation is backing away from doing preference deals in the party’s heartland of Queensland, after Pauline Hanson’s party was punished for its swap with the Liberal Party in Western Australia.

Page 5: Ten of the 11 federal Liberal MPs in Western Australia would face losing their seats if massive swings of up to 23 per cent that wiped out the Barnett government were replicated in a national election.

Malcolm Turnbull’s “disastrous” 24-hour trip to Perth for the West Australian election campaign is being blamed for contributing to the Barnett government’s landslide defeat, as recriminations intensify within the Liberal Party.

Page 6: The Property Council has called on the Turnbull government to maintain an election commitment to retain negative gearing, as Scott Morrison considers capping the size of negative gearing deductions as part of a proposed housing affordability budget package.

Page 19: The east coast is facing a further doubling in gas prices and the potential closure of the ammonia industry that employs 2500 people unless more than $10 billion of new gas investment is made in the next decade, according to global consultants McKinsey.

Isn’t Tim Worner’s Seven West Media sensitive about the mess over at the company’s Perth headquarters, aka “The Swamp”?

 

The West Australian

Page 1: The board that oversees Princess Margaret Hospital has ordered a review into complaints by staff that poor morale and management are jeopardising patient safety.

Page 4: It was only a matter of weeks before the election, but WA Labor campaign strategists had not dismissed the possibility of an eleventh-hour Liberal Party leadership switch.

Work has formally been suspended on the Roe 8 highway extension, 24 hours after premier-elect Mark McGowan warned contractors that it would be pointless turning up to the site.

Page 5: The man who stared down Pauline Hanson for the National Party has declared that whoever inside the Liberal Party struck a preference deal with One Nation did not know what they were doing.

Page 6: Bloodletting within the Liberals over their disastrous election loss shows no sign of abating, with State president Norman Moore admitting the party “didn’t run a good campaign”, despite knowing for 12 months the Barnett Government was doomed.

The Federal Labor Party believes it can take three key WA seats — Pearce, Hasluck and Swan — on the back of the huge swings in key parts of those electorates at the weekend.

Page 7: A regional backbencher hit by a 22 per cent swing on Saturday has called for a formal coalition between the Liberal Party and the Nationals to stop three-cornered contests in country seats.

Page 8: Pauline Hanson shouldn’t escape the consequences of what she did by agreeing to a preference deal with the Liberal Party in WA.

Liberal leadership hopeful Joe Francis’ aspirations are on hold while counting continues in his knife-edge seat of Jandakot.

Page 14: Julie Bishop has reaffirmed the need for US leadership in the Indo-Pacific region to preserve peace and stability amid continuing tensions over China’s territorial ambitions and North Korea’s rising belligerence.

Page 48: Andrew Forrest-backed Vimy Resources is hoping an announcement about its Mulga Rock project lodged with the Australian Securities Exchange 24 hours before Saturday’s State election will bolster the chances of the uranium play going ahead despite the opposition of the new Labor State government.

Fortescue Metals Group has taken the next step in its bid to challenge BHP Billiton’s domination of towage services at Port Hedland, ordering six tugboats, to be built at a Vietnamese shipyard.

A WA mining company will face Perth Magistrates Court over the death of a man at the Central Norseman Gold Mine on July 26 last year.

Page 49: Improving demand for its mining equipment has positioned Emeco to take quick advantage of a recapitalisation and double-merger finally approved by investors yesterday.

The economic downturn and increased competition means WA legal firm Lavan has had to work hard to retain its edge.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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