20/04/2017 - 06:37

Morning Headlines

20/04/2017 - 06:37

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How Turnbull saved Abbott’s skin

Malcolm Turnbull intervened personally during the final week of last year’s election campaign to help ‘‘save’’ Tony Abbott after internal party polling showed the former prime minister was so unpopular in his own seat of Warringah he risked losing it in a landslide. The Fin

‘Values’ test for would-be Australians

Budding Australians will face a much tougher citizenship test, including a four-year probation period, a proven acceptance of ‘‘Australian values’’, and an ability to understand English competently, under the second stage of the Turnbull government’s immigration crackdown designed to buttress social cohesion and national security. The Fin

Brokers slam ‘radical’ home loan reforms

Mortgage brokers have slammed Stephen Sedgwick’s proposed reforms of the nation’s $1.5 trillion home loan market for the Australian Bankers’ Association as poorly researched, too radical and lacking strategic insight. The Fin

457 crackdown ‘won’t harm the bush’

Regional industries that struggle to attract Australian workers will continue to have exemptions to ensure they can employ foreigners under the government’s 457 crackdown, as the Coalition moves to reassure business that its “Australian first” policy will not harm the economy. The Aus

Turnbull orders ACCC gas audit

The nation’s east coast gas exporters have failed to provide Malcolm Turnbull with a plan for businesses and households to access reasonably priced gas, prompting the Prime Minister to order three years of industry scrutiny by the Australian Competition & Consumer Commission and its powers of investigation. The Aus

Laing O’Rourke ponders new plan for local sale

British building group Laing O’Rourke is thought to again be contemplating a sale of its Australian operation amid a period of rampant activity in the residential construction industry. The Aus

GST plan to claw back WA money

WA would be billions of dollars better off and the national economy made stronger under a plan from the WA Chamber of Commerce and Industry to overhaul the way the GST is allocated. The West

Banana dream over for Galati

Tony Galati’s dream of giving WA a self-sufficient, $50 million a year banana industry is over, after he closed down his banana operations following aggressive price cuts from Aldi. The West

Kimberley Diamonds chairman likely to face ASIC retrial

Kimberley Diamonds chairman Alex Alexander has had his passport returned and international travel restrictions lifted after a Sydney jury was unable to reach a decision on charges of misleading the market after seven days of deliberations. The West


The Australian Financial Review

Page 1: Malcolm Turnbull intervened personally during the final week of last year’s election campaign to help ‘‘save’’ Tony Abbott after internal party polling showed the former prime minister was so unpopular in his own seat of Warringah he risked losing it in a landslide.

E-commerce giant Amazon will launch a new wave of retail disruption today, calling for local retailers to join its global marketplace and confirming it will roll out its full retail offering in Australia over the next few years.

Page 3: First-home buyers are surging into the housing market at their fastest rate in more than three years even as lending standards continued to tighten, new figures showed on Wednesday.

Page 4: Budding Australians will face a much tougher citizenship test, including a four-year probation period, a proven acceptance of ‘‘Australian values’’, and an ability to understand English competently, under the second stage of the Turnbull government’s immigration crackdown designed to buttress social cohesion and national security.

Page 8: The high-profile summit between Prime Minister Turnbull and the heads of the east coast’s largest gas producers has failed to come up with any concrete measures to immediately increase supplies for local consumers, heightening manufacturers’ fears about spiralling prices that may cost hundreds of jobs.

Page 15: Mortgage brokers have slammed Stephen Sedgwick’s proposed reforms of the nation’s $1.5 trillion home loan market for the Australian Bankers’ Association as poorly researched, too radical and lacking strategic insight.

Page 17: The troubled US pallet business operated by logistics firm Brambles secured a handful of new contracts in the March quarter, but new chief executive Graham Chipchase says competition remains fierce and demand from fast-moving consumer goods customers is softer than usual.

The Australian

Page 1: The Turnbull government has embarked on a wholesale redrafting of Australia’s citizenship laws that will force applicants to pass a higher-standard English language test, extend the residency requirement from one year to four, and demand evidence of integration including employment, tax payments and schooling for children.

Malcolm Turnbull has warned that the government may further intervene to help deliver affordable gas prices for Australian households and businesses after expressing his “concern” over energy companies’ failure to produce a plan to increase supply.

Page 4: Regional industries that struggle to attract Australian workers will continue to have exemptions to ensure they can employ foreigners under the government’s 457 crackdown, as the Coalition moves to reassure business that its “Australian first” policy will not harm the economy.

Page 17: The nation’s east coast gas exporters have failed to provide Malcolm Turnbull with a plan for businesses and households to access reasonably priced gas, prompting the Prime Minister to order three years of industry scrutiny by the Australian Competition & Consumer Commission and its powers of investigation.

Page 18: British building group Laing O’Rourke is thought to again be contemplating a sale of its Australian operation amid a period of rampant activity in the residential construction industry.

Page 19: The major banks are under mounting pressure to pull the cost lever and cut the size of their workforces, after suffering from intensifying margin pressure in the lead-up to the close of the March half-year.

Page 20: Australia’s big iron ore mining stocks, Rio Tinto, BHP Billiton and Fortescue Metals, held firm yesterday in the face of falling iron ore prices and a rout in London as local investors waded in to snap up stock at prices not seen since last November.

The West Australian

Page 1: WA would be billions of dollars better off and the national economy made stronger under a plan from the WA Chamber of Commerce and Industry to overhaul the way the GST is allocated.

Migrants will need to pass an English test, get a job and embrace Australian values such as respect for women if they want to become a citizen under sweeping changes to citizenship laws.

Page 4: Mark McGowan has declared he wants to work with the Federal Government on improving safety at WA’s beaches but has ruled out measures such as drum lines to reduce shark numbers.

Page 9: Psychiatrists at Fiona Stanley Hospital have warned of a strain on mental health liaison services at the hospital because of a shortage of doctors and nurses.

Page 11: Tony Galati’s dream of giving WA a self-sufficient, $50 million a year banana industry is over, after he closed down his banana operations following aggressive price cuts from Aldi.

Page 19: The consumer watchdog has been told to investigate Australia’s gas market and compel industry figures to provide information in a bid to guarantee cheap and affordable energy.

Page 50: Kimberley Diamonds chairman Alex Alexander has had his passport returned and international travel restrictions lifted after a Sydney jury was unable to reach a decision on charges of misleading the market after seven days of deliberations.

Wheatstone LNG project operator Chevron faces a challenge to meet its mid-year target of first LNG as it readies to receive a 600-bed accommodation vessel to allow workers to continue fixing piping systems on the offshore platform.

Page 51: Takeover target Tatts Group has told shareholders its $11.3 billion mega-merger with Tabcorp remains the best bet as a bidding war around the lottery operator breaks out.

Continued strength in lithium demand could see Galaxy Resources tap resources at its Mt Cattlin operations near Ravensthorpe it has previously considered uneconomic.

Page 52: Kin Mining will be bracing for a flood of applications from shareholders to take up the shortfall in its recent share purchase plan, after the company’s stock surged yesterday on the latest drilling results from its Leonora gold project.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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