02/12/2019 - 06:09

Morning headlines December 2

02/12/2019 - 06:09

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Morning headlines December 2

Rich listers targeted by ATO in cash push

Rich listers and some of Australia’s wealthiest families face tough new scrutiny from the ATO, part of a dramatic expansion of its tax avoidance crackdown and a bid to collect  $3.6 billion in new revenue. The Fin

Push for workplace co-operation

The Morrison government has flagged worker empowerment measures such as employee share schemes as it seeks to change the conflict-based narrative on industrial relations to how "co-operative workplaces" could improve productivity and wages growth. The Fin

Smaller mall sales hold up as landlords reinvest and remix

Topping the rankings this year is the Perron Group’s Belmont Forum in Western Australia, which achieved the highest turnover at $384.73 million, surging 12.4 per cent over the year. The Fin

ASIO takes lead as spy agencies are put on war footing

An elite intelligence taskforce led by ASIO, the Australian Signals Directorate and Defence intelligence will be created to put the country on a virtual war footing to combat national security threats from an unprecedented level of foreign interference and espionage. The Aus

Housing on fast track to recovery

Perth dwellings had their first monthly price rise in two years of 0.4 per cent while Adelaide rose 0.5 per cent in November, according to CoreLogic November sales figures released on Sunday. The Aus

Budget surplus ‘doing no harm’

The government’s push for a surplus as “recession insurance” has been backed by Deloitte Access Economics, which has rejected calls from the Reserve Bank and others for greater spending on infrastructure to boost economic growth. The Aus

A win on the home front

Perth has enjoyed a property price rise for the first time in 18 months, prompting the industry lobby to call the bottom of the market has been reached. The West

Talk of 100 staff to go at ABC as ratings year comes to end

More than 100 ABC staff are about to be cut as the national broadcaster looks to streamline its operations. The West

Fiscal shock plan wins fans

The leading independent expert on the Federal Budget has endorsed the Government’s strategy of building up “recession insurance”. The West

Locals lift control over gold

Local control of Australia’s gold industry has risen to almost 60 per cent after WA-based Saracen Mineral Holdings completed the acquisition of a 50 per cent stake in Kalgoorlie’s Super Pit last week. The West

 

Australian Financial Review

Rich listers targeted by ATO in cash push

Rich listers and some of Australia’s wealthiest families face tough new scrutiny from the ATO, part of a dramatic expansion of its tax avoidance crackdown and a bid to collect  $3.6 billion in new revenue.

Page 1

Push for workplace co-operation

The Morrison government has flagged worker empowerment measures such as employee share schemes as it seeks to change the conflict-based narrative on industrial relations to how "co-operative workplaces" could improve productivity and wages growth.

Page 1

Why China's dairy giants are thirsty for our milk

Few Australians had heard of Mengniu until this year, when chief executive Jeffrey Lu Minfang went on a shopping spree, first launching a $1.3 billion takeover for Tasmanian infant formula group Bellamy’s and last week agreeing to buy Lion Dairy & Drinks for $600 million.

Page 1

The property clock is ticking: How your city fares

Record-high household debt, static income and local economic issues, particularly in mining-dependent cities like Perth and Darwin, and bad industry practices, including underquoting, are holding back demand.

Page 6

RBA wrong to push government on fiscal stimulus: Deloitte

Criticism from the Reserve Bank and market economists that the Morrison government has been too tight with its finances to provide fiscal stimulus is wrong because spending is already at a decade high, a new report from Deloitte Access Economics says.

Page 10

The Rod Jones effect: Business of education rises in the west

Western Australia is emerging as a hub for education innovation and investment as a series of equity stakes and board appointments spin out from Navitas co-founder Rod Jones and the company's Andrew Larsen.

Page 14

Rural Funds Group’s chicken farms sale gets another roasting

RFG has also entered into options over three Western Australia capital properties for $22.6 million. RFM Poultry investors will receive 80¢ a unit as part of the deal.

Page 15

How to manage strains in LNG marriages

Just as well Woodside Petroleum's head of development Meg O'Neill is no stranger to managing difficult oil and gas ventures.

Page 17

GDP data tipped to back RBA’s view

Economists says Wednesday’s GDP numbers should show the Australian economy grew at a subdued pace in the third quarter, providing support for the Reserve Bank’s argument that the economy has passed a ‘‘gentle turning point’’.

Page 22

Price of LNG supply security hits $US20b

An enduring recession in regional spot gas prices will could refuel momentum for reform of the way contract LNG shipments are priced.

Page 30

Smaller mall sales hold up as landlords reinvest and remix

Topping the rankings this year is the Perron Group’s Belmont Forum in Western Australia, which achieved the highest turnover at $384.73 million, surging 12.4 per cent over the year.

Page 33

The Australian

ASIO takes lead as spy agencies are put on war footing

An elite intelligence taskforce led by ASIO, the Australian Signals Directorate and Defence intelligence will be created to put the country on a virtual war footing to combat national security threats from an unprecedented level of foreign interference and espionage.

Page 1

Housing on fast track to recovery

Perth dwellings had their first monthly price rise in two years of 0.4 per cent while Adelaide rose 0.5 per cent in November, according to CoreLogic November sales figures released on Sunday.

Page 1

Medivac law refugees sidestep US transfer

More than 20 refugees approved for relocation in the US have ­instead been flown to Australia under the medivac regime, fuelling concern that the laws are undermining third-country resettle­ment efforts.

Page 1

Tech titan response delayed

The Morrison government is gearing up to delay its long-awaited ­response to the Australian Competition & Consumer Commission digital platforms inquiry until next year, with cabinet yet to discuss the still unfinished response to the landmark report.

Page 1

Budget surplus ‘doing no harm’

The government’s push for a surplus as “recession insurance” has been backed by Deloitte Access Economics, which has rejected calls from the Reserve Bank and others for greater spending on infrastructure to boost economic growth.

Page 2

Public warms to nuclear power

Liberal National MP Ted O’Brien says there has been “movement in people’s views” on nuclear energy as the minerals lobby releases polling showing 40 per cent of people want the ban on the energy source lifted.

Page 6

Big job ahead as NAB chief starts work

Investors are urging National Australia Bank chief executive Ross McEwan to get across the bank’s regulatory risks, as the new CEO plans to hit the ground running on Monday morning on his first day in the job.

Page 17

Morgan denies Westpac chair bid

Former Westpac chief executive David Morgan has emphatically ruled himself out as a contender for the chairman’s position at the embattled bank.

Page 17

Bid puts Caltex assets in spotlight

As Caltex directors continue to assess whether to accept the $8.6bn takeover bid from Couche-Tard, questions remain as to what parties the Canadian group may talk to about a potential sale of the target’s infrastructure assets.

Page 18

Aussies put stamp on local gold output

Australian companies control almost 60 per cent of the country’s output, the highest level in years, as Saracen Mineral Holdings takes formal control of half of the Kalgoorlie Super Pit.

Page 19

The West Australian

A win on the home front

Perth has enjoyed a property price rise for the first time in 18 months, prompting the industry lobby to call the bottom of the market has been reached.

Page 1

Talk of 100 staff to go at ABC as ratings year comes to end

More than 100 ABC staff are about to be cut as the national broadcaster looks to streamline its operations.

Page 3

Fiscal shock plan wins fans

The leading independent expert on the Federal Budget has endorsed the Government’s strategy of building up “recession insurance”.

Page 11

Delay on a nuclear outcome

A parliamentary inquiry report on nuclear power is likely to be pushed back until next year amid Energy Minister Angus Taylor’s woes surrounding a police investigation of allegations his office forged documents to accuse Sydney’s Lord Mayor of excessive travel spending.

Page 20

Ex MP’s bid to save medivac

The architect of the controversial medevac laws, Kerryn Phelps, who is no longer in Federal Parliament, has offered to personally speak with crossbencher Jacqui Lambie to help block the Government from repealing the law before Parliament rises for the year

Page 20

Locals lift control over gold

Local control of Australia’s gold industry has risen to almost 60 per cent after WA-based Saracen Mineral Holdings completed the acquisition of a 50 per cent stake in Kalgoorlie’s Super Pit last week.

Page 50

Pastoralists raise reform concerns

Pastoralists & Graziers Association president Tony Seabrook says his organisation supports efforts to rewrite outdated laws governing economic activity over 90 per cent of WA’s land, but that the reforms must not come at a hefty price to pastoralists.

Page 50

Cattle sold to repay State

Proceeds from the sale of 8000 surviving cattle removed from a station in the Pilbara, after a mass animal welfare scandal emerged last summer, will be used by the Aboriginal association responsible to help pay the $550,000 clean-up bill from the State Government.

Page 50

Grain to stay in Australia

More than half the nation’s extra grain production in 2030 will be consumed within Australia, according to new Australian Export Grains Innovation Centre analysis.

Page 50

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