Labor plans overhaul of job welfare
Labor plans overhaul of job welfare
Labor has revealed a blueprint for a “revamped version of mutual obligation” that does not punish jobseekers, ditches the need for unemployed people to apply for 20 jobs a month and redesigns Work for the Dole. The Aus
Energy from waste: Suez joins new WA plant
French waste management giant Suez has struck a long-term deal to supply a proposed waste-to-energy plant south of Perth, a neglected corner of the renewable energy sector where investment is starting to gather steam. The Fin
Writing is on walls as regulator vows ‘no more hits’
Australia’s banking regulator has assured WA Treasurer Ben Wyatt the State’s struggling property market will not be further hit by tougher lending restrictions on prospective homebuyers. The West
Brakes put on small business
Small businesses seeking bank funding have become royal commission collateral damage, with credit drying up as banks impose tighter assessments of mortgages after the Hayne inquiry. The Fin
Resolute weighs up Ravenswood spin-off
Resolute Mining will weigh up a spin-off or sale of its Ravenswood gold mine in Queensland as it looks to reposition itself as a London-listed, Africa-focused gold play. The Fin
Banks in GST war with ATO
Big banks are facing an annual tax hit of up to $300 million combined, from a tussle with the Australian Taxation Office over its crackdown on the finance sector claiming credits for goods and services tax. The Fin
Chevron to torch toxic gases
Workers’ health concerns have caused Chevron to plan changes to how it disposes of some waste gases on Barrow Island. The West
The Australian Financial Review
Page 1: Small businesses seeking bank funding have become royal commission collateral damage, with credit drying up as banks impose tighter assessments of mortgages after the Hayne inquiry.
Big banks are facing an annual tax hit of up to $300 million combined, from a tussle with the Australian Taxation Office over its crackdown on the finance sector claiming credits for goods and services tax.
Page 3: Domestic manufacturing activity has gone backwards for the first time in more than two years, as Australia joined the recent slump in global manufacturing.
Page 4: The federal Education Minister, Dan Tehan, has dismissed Labor’s threat to universities that their education faculties must toughen teaching degree admission standards, saying it will lead to a ‘‘teacher shortage’’.
Page 5: Supermarket giant Woolworths has successfully got its agreement through the workplace tribunal, with more than 100,000 employees now set to receive full penalty rates for the first time in decades.
Page 7: Bankwest, a division of Commonwealth Bank, the nation’s largest lender, has kick-started mortgage discounts for 2019 with 18 basis point cuts and special deals for first-time buyers, as well as refinancing and principal and interest buyers.
Page 8: French waste management giant Suez has struck a long-term deal to supply a proposed waste-to-energy plant south of Perth, a neglected corner of the renewable energy sector where investment is starting to gather steam.
Page 15: Former Nine chief digital and marketing officer Alex Parsons is returning to the business to run Fairfax Media’s events business ahead of an expected sale soon.
Page 16: The representative body for retail investors, the Australian Shareholders’ Association (ASA), has supported the proposed changes to Australian Securities Exchange rules, calling the reforms ‘‘steps in the right direction’’.
Goldman Sachs chopped back its nearterm metals forecasts as China’s economy has ‘‘decelerated notably’’, while balancing that outlook with a prediction mainland policymakers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum.
The Australian
Page 1: Labor has revealed a blueprint for a “revamped version of mutual obligation” that does not punish jobseekers, ditches the need for unemployed people to apply for 20 jobs a month and redesigns Work for the Dole.
More than a million Australians would pay the top tax rate within six years — nearly double the current number — if Labor won government and followed through with its promise to reverse the planned increase of the top marginal tax threshold to $200,000.
Page 2: Liberal Democrat senator David Leyonhjelm will quit federal politics at the end of next month to contest the NSW state election, when he will compete against former party member Mark Latham to clinch one of 21 seats.
Page 3: The Health Department is working with police on a test case to seize the assets of Medicare rorters and demonstrate to the sector that it is not a “soft enforcer”.
Page 13: Resolute Mining will weigh up a spin-off or sale of its Ravenswood gold mine in Queensland as it looks to reposition itself as a London-listed, Africa-focused gold play.
Page 16: China’s economy is slowing faster than expected as Beijing this week heads into a crucial new round of negotiations with the US over trade.
The West Australian
Page 7: Conti’s Restaurant, set on the Paul Conti Wines estate on Wanneroo Road in Woodvale, broke the news to its loyal patrons on Facebook on December 29.
Page 8: Australia’s banking regulator has assured WA Treasurer Ben Wyatt the State’s struggling property market will not be further hit by tougher lending restrictions on prospective homebuyers.
Business: Workers’ health concerns have caused Chevron to plan changes to how it disposes of some waste gases on Barrow Island.
The chief executive of Australia’s livestock export lobby group has stepped down after just three months as figurehead of a campaign to retain live sheep shipments to the Middle East.
WA is on track to have an important and profitable hemp industry, after big increases in the number of growers and hectares planted this year.
Controversial Chinese technology giant Huawei has revealed a processor chip for data centres and cloud computing.
