31/03/2017 - 06:33

Morning Headlines

31/03/2017 - 06:33

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Morning Headlines

Fair Work row rocks leave case

A landmark Fair Work Commission case for establishing a new legal right for workers to 10 days’ paid domestic violence leave a year is in turmoil after a rejection of the ACTU’s claim by the full bench’s senior member has been thrown into doubt. The Fin

 

Coalition’s company tax cut plan on a knife edge

The Turnbull government will not rule out trying again to implement its full company tax cut plan for big business as the Senate was poised last night to either curtail the package or, due to a late stand-off between One Nation and the Nick Xenophon Team, scuttle any deal at all. The Fin

 

TPG’s interest in Fairfax Media cools

TPG Capital’s interest in Fairfax Media is understood to have cooled due to a surge in the publisher’s share price that has taken its valuation to $2.5 billion. The Fin

 

Bank chief clips rivals on lending

A senior bank executive has warned that lowering mortgage lending standards will “only end in tears’’, as he revealed rivals were offering home buyers maximum loans of 30 per cent more than he was prepared to write in the supercharged markets of Sydney and Melbourne. The Aus

 

Go-slow after NBN ‘blackmail’

Consumers are having their internet speeds slashed under the $40 billion-plus National Broadband Network as Telstra and Optus are forced to withdraw their direct services from areas covered by the rollout. The Aus

 

Penalty rate decision restores balance: H&M

The local chief executive of Swedish fashion and homewares department store H&M has welcomed the decision by the Fair Work Commission to reduce penalty rates, arguing it will restore much-needed balance to the $300 billion retail sector. The Aus

 

Crime links for 20pc of airport staff

Twenty per cent of airport staff with access to aircraft have criminal convictions, with half of those being for serious crimes including drug trafficking and assault, a Federal parliamentary report has revealed. The West

 

Greens lead ‘consult or else' approach

The Greens have issued a warning to Labor — do not expect the party to rubber-stamp every piece of government legislation in the Upper House. The West

 

Minister warns mine ‘rogues’

The McGowan Government has flagged taking a harder line to prevent “rogue elements” from abandoning mine sites so an industry fund could foot the clean-up bill. The West

 

The Australian Financial Review

Page 1: A landmark Fair Work Commission case for establishing a new legal right for workers to 10 days’ paid domestic violence leave a year is in turmoil after a rejection of the ACTU’s claim by the full bench’s senior member has been thrown into doubt.

A $1 billion solar-battery farm to be built by Lyon Group and Downer in South Australia’s Riverland will be the world’s largest and ready to help prevent blackouts in the state’s fragile power grid by next summer.

Page 4: A sharp increase in the proportion of workers paid exactly the award rate is ‘‘compelling’’ evidence that minimum wages are increasingly acting to reduce employment, a Melbourne Institute economist says.

Page 5: Surging house prices in Sydney and Melbourne are set to be pushed higher as lenders lure owner-occupiers with discounted rates amid signs of increasing mortgage stress.

Page 7: The Turnbull government will not rule out trying again to implement its full company tax cut plan for big business as the Senate was poised last night to either curtail the package or, due to a late stand-off between One Nation and the Nick Xenophon Team, scuttle any deal at all.

Page 11: China’s Goubuli Group, the owner of traditional Chinese medicine brand ‘‘Tianjin Tong Ren Tang’’, has struck a deal to invest $60 million in Australian supplements group Blooms Health Products, reflecting the growing Chinese interest in Australian drugs, vitamins and health products.

Page 12: The cash-strapped West Australian government says it can limit to $50 million the cost of breaking contracts for the controversial $1.9 billion Perth Freight Link by shifting contractors to other road projects.

Page 19: TPG Capital’s interest in Fairfax Media is understood to have cooled due to a surge in the publisher’s share price that has taken its valuation to $2.5 billion.

Page 21: Harvey Norman chairman Gerry Harvey has outlaid more than $26 million in the last week to protect the retailer from short sellers – to no avail.

 

The Australian

Page 1: A senior bank executive has warned that lowering mortgage lending standards will “only end in tears’’, as he revealed rivals were offering home buyers maximum loans of 30 per cent more than he was prepared to write in the supercharged markets of Sydney and Melbourne.

Malcolm Turnbull has accused Labor of a “shameful” attack on the integrity of the Australian Federal Police after opposition justice spokeswoman Clare O’Neil suggested to a police union conference that the AFP leadership was engaged in “law enforcement by press release”.

Page 3: A 26-year-old Regional Express aircraft came close to catastrophe two weeks ago when the pilots began shutting down an overheating engine just seconds before a propeller fell off and landed near homes in western Sydney on March 17.

Page 4: The Federal Court has found the Australian Building and Construction Commissioner Nigel Hadgkiss took a “partisan approach” during an investigation, conducting himself in a way that was designed to incriminate a construction union organiser.

Page 8: The Australian Taxation Office is preparing to go to war with companies involved in alleged complex gold scams that have cost taxpayers more than $700 million in lost GST revenues, pledging to leave “no stone unturned” as it seeks to claw back funds and unravel the long-running saga.

Page 9: Consumers are having their internet speeds slashed under the $40 billion-plus National Broadband Network as Telstra and Optus are forced to withdraw their direct services from areas covered by the rollout.

Page 19: The Australian business community is “fearful” of what could happen to the country if the budget deficit cannot be brought under control and “frustrated” that the political process is unable to deliver policy change, says Business Council of Australia president Grant King.

Page 20: Bidding consortiums are starting to take shape as the NSW government’s sale of part of Sydney’s $16.8 billion-plus WestConnex motorway project within a year remains on track.

Page 21: The local chief executive of Swedish fashion and homewares department store H&M has welcomed the decision by the Fair Work Commission to reduce penalty rates, arguing it will restore much-needed balance to the $300 billion retail sector.

Page 22: The global iron ore market faces a prolonged period of oversupply that will drive a sharp fall in iron ore prices over the rest of this year, one of the Chinese steel industry’s most senior voices has warned.

 

The West Australian

Page 1: Convictions in some of WA's highest profile murder cases may be thrown into doubt after the sacking of one of the State’s leading DNA scientists who was found to have breached testing protocols over six years.

Page 3: Twenty per cent of airport staff with access to aircraft have criminal convictions, with half of those being for serious crimes including drug trafficking and assault, a Federal parliamentary report has revealed.

Page 6: The Greens have issued a warning to Labor — do not expect the party to rubber-stamp every piece of government legislation in the Upper House.

Page 7: Labor’s Kate Doust is set to become WA’s first female Legislative Council president after a ploy to give the position to an Opposition member was rejected.

Page 8: The State Government will attempt to vary rather than cancel Roe 8 contracts in a bid to swiftly redeploy the workforce to other “shovel-ready” road projects within weeks.

Page 12: A breakdown of the commission’s rulings since 2006 and the State’s mining royalties reveals $39 billion that swelled WA coffers was lost in the annual GST carve-up.

Page 19: Prime Minister Malcolm Turnbull’s signature election promise of a company tax cut was last night boiling down to a debate between offering relief to businesses with a turnover of up to $50 million or sticking to a $10 million cut-off.

Page 21: Former Liberal leader Matt Birney, a board member of the party’s 500 Club fundraising arm, has backed Joe Francis to take over the seat of Cottesloe when Colin Barnett retires.

Page 65: The McGowan Government has flagged taking a harder line to prevent “rogue elements” from abandoning mine sites so an industry fund could foot the clean-up bill.

The corporate regulator has put Western Force’s $15 million public fundraising into a short holding pattern to await more information from the Super Rugby club.

Former Atlas Iron boss David Flanagan will be paid $465,000 a year plus bonuses after taking on a role at Battery Minerals, a company moving from explorer to producer at its graphite project in Mozambique.

Federal appeal judges have thrown out Clive Palmer’s bid to seize control of Sino Iron’s Cape Preston port facilities after casting sceptical light on the actions of his company, Mineralogy.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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