GST fix won’t hurt other states, says Cormann
The Turnbull government is insisting on a ‘‘no losers’’ solution to salve Western Australia’s grievance over the GST by not stripping money off the other states to avoid angering them. The Fin
Perth elite turn out for Libs bash
It seems reports of the death of the Malcolm Turnbull government in Perth have been greatly exaggerated — at least among the city’s richies. The Aus
RBA warns $A a threat to growth
Reserve Bank governor Philip Lowe has taken aim at the strengthening Australian dollar, warning that it could scupper expectations for growth to remain relatively robust and for inflation to gradually climb back into the central bank’s target range. The Fin
Futuristic tower to have views over city
Perth councillors have approved a futuristic lookout tower on Elder Street in Perth and a large digital billboard on its side. The West
China beef ban to ‘last weeks’
Government officials concede there’s a risk a ban on some Australian beef exports to China could last months. The West
Amazon a bigger risk for profits
Amazon will squeeze retailer margins and prices harder than sales and could crimp inflation by 0.25 percentage points, limiting the Reserve Bank’s ability to raise interest rates. The Fin
Tax leak as tradies borrow Bunnings ABN
Thousands of tradesmen are allegedly operating in the black economy by fraudulently quoting hardware chain Bunnings’ Australian Business Number on invoices, as part of a scam that is undermining the tax system. The Aus
Chairmen leave chiefs behind
The nation’s top chairmen and non-executive directors have enjoyed bigger pay rises than chief executives in recent years, due to increasing workloads for boards and the greater complexity of committee work, according to a survey. The Aus
Central Park intrigue
A stake in Perth’s $600 million Central Park tower is thought to be in play, with Primewest believed to be in due diligence to buy part or all of Frasers Property’s stake on behalf of Singaporean sovereign fund GIC. The West
The Australian Financial Review
Page 1: Reserve Bank governor Philip Lowe has taken aim at the strengthening Australian dollar, warning that it could scupper expectations for growth to remain relatively robust and for inflation to gradually climb back into the central bank’s target range.
Page 5: Tax time has been plunged into chaos by uncertainty over which companies are eligible for the lower tax rate of 27.5 per cent but the nation’s biggest accounting bodies are split over what should be done.
Page 6: Very wealthy families will be unscathed by Labor’s discretionary trust policy because income splitting is insignificant to their investment strategies, accountants say.
Page 9: The Turnbull government is insisting on a ‘‘no losers’’ solution to salve Western Australia’s grievance over the GST by not stripping money off the other states to avoid angering them.
Page 10: The Turnbull government has commissioned the Australia Communications and Media Authority to investigate and end the blame game between the national broadband network and internet service providers over customer complaints.
Page 13: Amazon will squeeze retailer margins and prices harder than sales and could crimp inflation by 0.25 percentage points, limiting the Reserve Bank’s ability to raise interest rates.
The Australian
Page 1: Thousands of tradesmen are allegedly operating in the black economy by fraudulently quoting hardware chain Bunnings’ Australian Business Number on invoices, as part of a scam that is undermining the tax system.
Page 2: The slow pace of wage growth and the rising Australian dollar are emerging as threats to the Reserve Bank’s forecast that economic growth will average about 3 per cent a year over the next few years.
Hotel and hospitality employers will receive up to $10 million in taxpayer funds over the next four years to engage 10,000 young unemployed people on internships of four to 12 weeks.
Page 4: Tasmanian Labor MP Justine Keay has revealed the British government did not confirm her citizenship had been relinquished until after last year’s election, raising fresh questions over her eligibility to sit in parliament.
Anger over Western Australia’s GST share is overshadowing Malcolm Turnbull’s “listening tour” of the state after Scott Morrison yesterday rejected a plea to stop a further $2 billion hit to the McGowan government’s strained budget.
Page 5: ACTU secretary Sally McManus will deliver an extraordinary spray against “union-bashing governments” in a rekindling of the spirit of the great strike of 1917.
Page 8: The government has put the communications watchdog in charge of assessing customer complaints with the $49 billion National Broadband Network as it looks to combat mounting dissatisfaction.
Page 19: The nation’s top chairmen and non-executive directors have enjoyed bigger pay rises than chief executives in recent years, due to increasing workloads for boards and the greater complexity of committee work, according to a survey.
It seems reports of the death of the Malcolm Turnbull government in Perth have been greatly exaggerated — at least among the city’s richies.
The West Australian
Page 1: Malcolm Turnbull has turned the guns on Labor over the State’s low GST share, labelling the party the “strongest opponents” of changing the system to give WA a better deal.
Page 4: The Federal Government has revealed it can not intervene to fix a $2 billion hole in the State’s finances, delivering WA Treasurer Ben Wyatt a big fiscal headache ahead of his first Budget next month.
Page 6: WA’s new police commissioner Chris Dawson declared yesterday that it was up to the entire community to prevent crime, echoing a theme made familiar by his predecessor, Karl O’Callaghan.
Page 7: Perth’s exclusive hotel for the stars could become a high-end aged-care facility after becoming the first victim of the city’s cutthroat hotel market
Page 11: If fans at Perth Stadium really want to be pedantic, they will insist that any opening batsman or half-back flanker claiming a “home turf advantage” hails from Serpentine.
Page 13: Perth councillors have approved a futuristic lookout tower on Elder Street in Perth and a large digital billboard on its side.
Page 27: Diggers and Dealers has reversed its decision not to host a welcome to country at next week’s mining convention in Kalgoorlie.
Page 28: Government officials concede there’s a risk a ban on some Australian beef exports to China could last months.
PwC’s Perth office has reported a stronger second half as the country’s biggest audit and consulting firm cracked $2 billion in revenue for the first time.
Page 29: Workers at Chevron’s Wheatstone LNG site have accused project manager Bechtel of poor leadership over its handling of incidents of alleged inappropriate workplace behaviour.
Page 63: A stake in Perth’s $600 million Central Park tower is thought to be in play, with Primewest believed to be in due diligence to buy part or all of Frasers Property’s stake on behalf of Singaporean sovereign fund GIC.
Page 64: Miss Maud’s Swedish Hotel in the eastern heart of Perth’s CBD is for sale for about $10 million, with the proceeds expected to finance the expansion of Miss Maud’s core coffee shop and bakehouse enterprise.
Page 65: Exchange Tower is continuing its spotlight-grabbing premium office performance, almost doubling its weighted average lease expiry.
