04/05/2017 - 06:45

Morning Headlines

04/05/2017 - 06:45

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Budget to quell Labor’s Mediscare

The four-year freeze on Medicare rebates will finally lift this July for some GP visits, and extend to specialists and medical procedures over the next three years as part of a multibillion-dollar long-term health budget package to help restore the Coalition’s standing with voters after last election’s ‘‘Mediscare’’ campaign. The Fin

 

Coffee Club franchisee accused of 457 visa rorts

Cafe franchise The Coffee Club has been caught in claims of 457 visa rorts after one of its store owners allegedly forced a cook to pay back $18,000 of his wages despite initially promising him a minimum $53,900 salary. The Fin

 

ETFs a threat to overpaid fund managers, says Tuckwell

Graham Tuckwell, the Australian richlister behind the world’s first gold exchange traded fund (ETF), has slammed the active funds management industry as his firm gears up for a fresh push into the Australian market. The Fin

 

MPs threaten schools face-off

Government MPs are threatening a budget-day showdown over Malcolm Turnbull’s education funding overhaul, as one of the nation’s most senior Catholics, Sydney Archbishop Anthony Fisher, warns that Catholic schools could face forced closures, larger class sizes and higher fees. The Aus

 

NBN fail leaves remote emergency service cut off

Bungling under the National Broadband Network has left some remote users in the Kimberley — including a vital emergency services aviation operator — with no internet after a working satellite was turned off without new services having been installed. The Aus

 

Private equity circling amid Vocus plunge

Bain Capital, Apollo, Kohlberg Kravis Roberts, TPG Capital and mostly likely the Carlyle Group are all understood to have been weighing a takeover bid of telecommunications company Vocus in recent weeks. The Aus

 

Fed threat on BHP UK move

Scott Morrison has vowed to keep the Big Australian at home, warning he will use draconian Federal powers to kill any plans to shift BHP Billiton out of the country. The West

 

Abbott predicts row over school funding

Children who will benefit most from the Federal Government’s education funding overhaul are yet to be born, with much of the extra cash promised to WA not available until well into the next decade. The West

 

Wyatt loses energy adviser

State Energy Minister Ben Wyatt has been dealt a blow less than two months into the role after his chief energy adviser shocked the industry by announcing plans to step down. The West

 

The Australian Financial Review

Page 1: The four-year freeze on Medicare rebates will finally lift this July for some GP visits, and extend to specialists and medical procedures over the next three years as part of a multibillion-dollar long-term health budget package to help restore the Coalition’s standing with voters after last election’s ‘‘Mediscare’’ campaign.

Embattled steelmaker Arrium has potentially been thrown a lifeline with Indian multinational Adani choosing it to supply more than $70 million in steel for the railway that will link Adani’s proposed Carmichael coal mine to the Queensland coast.

Page 4: Catholic schools will be hit by the Coalition’s Gonski 2.0 school funding package by getting a proportionate increase well below the size of the increase to government and private schools over the 10-year plan.

Page 6: Cafe franchise The Coffee Club has been caught in claims of 457 visa rorts after one of its store owners allegedly forced a cook to pay back $18,000 of his wages despite initially promising him a minimum $53,900 salary.

Page 15: The battle for market share between Woolworths and Coles has reached a dangerous juncture, with Coles expected to step up price cuts to prevent losing ground to its reinvigorated rival.

Graham Tuckwell, the Australian richlister behind the world’s first gold exchange traded fund (ETF), has slammed the active funds management industry as his firm gears up for a fresh push into the Australian market.

 

The Australian

Page 1: Government MPs are threatening a budget-day showdown over Malcolm Turnbull’s education funding overhaul, as one of the nation’s most senior Catholics, Sydney Archbishop Anthony Fisher, warns that Catholic schools could face forced closures, larger class sizes and higher fees.

Page 4: The Turnbull government is facing a crisis over tax-revenue shortfalls, with budget projections assuming a boomtime boost to both personal and company tax revenues.

Page 5: The federal government has quarantined healthcare from sweeping cuts, part of a wider budget plan to end a divisive freeze on Medicare rebates, as Malcolm Turnbull tries to shake off the ghosts of an unpopular $80 billion saving in the 2014 budget.

Page 6: Fairfax Media executives scrambled to bring out strike editions of The Age and The Sydney Morning Herald last night in the wake of an unprecedented seven-day staff walkout after the company axed 125 newsroom jobs.

Page 7: Bungling under the National Broadband Network has left some remote users in the Kimberley — including a vital emergency services aviation operator — with no internet after a working satellite was turned off without new services having been installed.

Page 17: The nation’s largest mortgage insurer has warned that borrowers are scraping together deposits with credit card debt, parental loans and other forms of risky “unsecured debt” as tougher regulations force lenders to require larger deposits.

Page 18: Bain Capital, Apollo, Kohlberg Kravis Roberts, TPG Capital and mostly likely the Carlyle Group are all understood to have been weighing a takeover bid of telecommunications company Vocus in recent weeks.

Page 19: Downer EDI chief executive Grant Fenn remains confident the $1.3 billion Spotless bid will succeed despite the company refusing to increase the price and the target’s board recommending its shareholders reject the offer.

 

The West Australian

Page 1: Scott Morrison has vowed to keep the Big Australian at home, warning he will use draconian Federal powers to kill any plans to shift BHP Billiton out of the country.

Page 4: Children who will benefit most from the Federal Government’s education funding overhaul are yet to be born, with much of the extra cash promised to WA not available until well into the next decade.

Page 6: Brass fittings in internal pipes at the Perth Children’s Hospital are the most likely, and only remaining, source of lead leaching into water at the site, the State Government has said.

Page 14: Pressure is increasing on the Federal Government to make private health insurance more affordable, with figures showing the sector’s taxpayer-funded rebate is falling behind the soaring cost of insurance.

Page 16: Overhauling the GST distribution will be easier if the Productivity Commission finds doing so would deliver an economic boost that could soften the blow for the losers, advocates believe.

Page 18: Two funky new hotel chains open in Perth this month, adding hundreds of new rooms — and unprecedented diversity — to the city’s accommodation offerings.

Page 45: State Energy Minister Ben Wyatt has been dealt a blow less than two months into the role after his chief energy adviser shocked the industry by announcing plans to step down.

Page 46: Journalists at The Age and The Sydney Morning Herald voted to immediately strike for one week after Fairfax Media announced major cuts to editorial staff.

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