Dexus in talks to buy Perth airport for $1b
Property giant Dexus is in exclusive talks to buy Jandakot Airport and the Jandakot City industrial estate in Perth from Ascot Capital and 89-year-old southern Africa billionaire Nathan Kirsh for more than $1 billion. The Fin
Covid-free WA already at breaking point
Western Australia will postpone about half of its elective surgeries from Wednesday despite its Covid-free status, amid fresh warnings that the state’s health system would be overwhelmed almost immediately in the event of a large-scale outbreak. The Aus
Restaurants to move as Yagan Square abandoned
Yagan Square market hall is officially a failure with confirmation the three remaining tenants will be relocated while DevelopmentWA ponders its future use. The West
The Big Miner’s global database to weed out harassment
BHP has revealed plans to build a global database of workplace sex pests and introduce sweeping criminal background checks for all new recruits to stamp out sexual harassment and assault at its mine sites. The West
Chevron hopes a maintenance stop won’t be a Gorgon repeat
Hundreds of workers are heading to Chevron’s Wheatstone gas facility near Onslow to begin its first maintenance shutdown. The West
Treasurer to pull tech in line
Treasurer Josh Frydenberg would be given new powers over the payments system, including the ability to give Apple and Google orders, under proposals for him to take control of the system from a network of regulators. The Fin
Cost blowout crushes NDIS
Costs at the nation’s disability insurance scheme are accelerating faster than anticipated just three months ago, prompting warnings from the Morrison government that the rise in expenses is becoming unsustainable. The Fin
Let’s reopen by November: retail CEOs
Top retail chief executives are strongly behind the goal of hitting vaccination targets and reopening well before Christmas to revive the economy as well as people’s health.’ The Fin
ASIC readies for new era
Online crypto scams, social media-driven ‘‘pump and dump’’ stock-ramming schemes and low-cost apps that seek to ‘‘gamify’’ share trading are all on the corporate watchdog’s priority list as it seeks to clamp down on new excesses in the digital financial system. The Fin
Energy mix ‘a must to stop cuts’
Wind droughts and solar energy shortages must be offset by faster and more reliable alternatives such as gas and hydro, with Australia’s largest single-energy user warning if the power switches off for more than three hours “the business folds”. The Aus
The Australian Financial Review
Page 1: Treasurer Josh Frydenberg would be given new powers over the payments system, including the ability to give Apple and Google orders, under proposals for him to take control of the system from a network of regulators.
Property giant Dexus is in exclusive talks to buy Jandakot Airport and the Jandakot City industrial estate in Perth from Ascot Capital and 89-year-old southern Africa billionaire Nathan Kirsh for more than $1 billion.
Page 3: Former competition boss Allan Fels says a review of mergers laws is needed to better tackle increasing sector concentration and the market power of technology giants, but held off endorsing proposals put forward by the competition watchdog, instead backing a thorough debate on regulations.
KPMG has revealed it substantiated 27 complaints of workplace misconduct last financial year, as it takes an industry-leading approach to disclosure around culture and safety issues.
Page 5: More than $13 billion in JobKeeper payments was given to businesses which recorded increases in revenue, fuelling accusations from Labor that the wage subsidy was the biggest budget waste in Australia’s history.
Page 6: Deaths from the spread of the delta variant across NSW are one-tenth the number of Victoria’s catastrophic 2020 second wave, proof of the effectiveness of COVID-19 vaccinations, Health Minister Greg Hunt says.
Page 13: Support for the security pact with the United States has surged – including on the political left – with 40 per cent of people believing the ANZUS alliance makes it less likely Australia will be attacked.
Page 15: Manchester United has sealed the incredible £19.7 million ($37.1 million) return of Cristiano Ronaldo from under the noses of rivals Manchester City on one of the most dramatic days in Premier League transfer history.
Page 17: Top retail chief executives are strongly behind the goal of hitting vaccination targets and reopening well before Christmas to revive the economy as well as people’s health.’
Page 18: The dust is still in the air from Square’s mega $39 billion acquisition of Afterpay, but that hasn’t stopped the buy now pay later fintech from fuelling the next phase of its venture capital fund.
Page 19: Australian technology investors and company founders have warned against regulatory overreach that could damage the sector, after competition tsar Rod Sims proposed changes to merger and acquisition rules to counter big tech dominance.
Kerry Stokes says he never lost faith in the power of television and newspapers despite tough questions from the Seven Group board about whether shareholder capital should be allocated to the struggling sector.
Page 21: The new leadership team at the corporate regulator wants to wrap up loose ends from the Hayne royal commission and begin working towards its new goal of being a constructive force for the coming economic rebound.
Online crypto scams, social media-driven ‘‘pump and dump’’ stock-ramming schemes and low-cost apps that seek to ‘‘gamify’’ share trading are all on the corporate watchdog’s priority list as it seeks to clamp down on new excesses in the digital financial system.
The Australian
Page 1: Costs at the nation’s disability insurance scheme are accelerating faster than anticipated just three months ago, prompting warnings from the Morrison government that the rise in expenses is becoming unsustainable.
Western Australia will postpone about half of its elective surgeries from Wednesday despite its Covid-free status, amid fresh warnings that the state’s health system would be overwhelmed almost immediately in the event of a large-scale outbreak.
Josh Frydenberg says business and industry chiefs must “beat the drum” and pressure states and territories to stick to the national cabinet’s reopening plan, warning the $3bn-a-week hit to the economy was unsustainable.
Page 4: Leading US Republicans will pressure President Joe Biden to declassify the evidence uncovered by the intelligence agencies during their 90-day probe into the origins of Covid-19.
Page 6: Wind droughts and solar energy shortages must be offset by faster and more reliable alternatives such as gas and hydro, with Australia’s largest single-energy user warning if the power switches off for more than three hours “the business folds”.
Page 13: The nation’s Covid-19 vaccination rollout is set to ramp up after the federal government finalised its medical indemnity scheme, paving the way for business to boost the vaccine drive.
ASX-listed battery technology company Novonix is stepping up production in the US as the Biden administration accelerates the shift to electric vehicles.
The West Australian
Page 3: Yagan Square market hall is officially a failure with confirmation the three remaining tenants will be relocated while DevelopmentWA ponders its future use.
Page 5: Premier Mark McGowan has urged residents in his Rockingham electorate to get vaccinated, as shocking figures reveal just 27 per cent are fully protected against COVID-19.
Road transport heavyweights called for better support for truckies yesterday as WA recorded zero local cases of COVID-19.
Page 9: BHP has revealed plans to build a global database of workplace sex pests and introduce sweeping criminal background checks for all new recruits to stamp out sexual harassment and assault at its mine sites.
Business: Hundreds of workers are heading to Chevron’s Wheatstone gas facility near Onslow to begin its first maintenance shutdown.
Athletics and leisurewear retailer Stylerunner is expanding its retail footprint with three new shops in Perth.
Australia’s gold production pumped about $26 billion into the nation’s economy during 2020-21 but output fell slightly short of the record achieved a year earlier.
Perishable goods exporters have welcomed the Morrison Government’s extension of the international freight assistance mechanism until mid next year.
A plan to connect former defence force workers with farm jobs is proving popular, as farmers still waiting for a quarantine solution for overseas help explore other options.
