MinRes cashes in $330m lithium stake
Chris Ellison’s Mineral Resources has banked a $330 million-odd profit from its five-year stay at fellow West Australian lithium play Pilbara Minerals, and will use the cash to expand its iron ore operations. The Fin
SMSFs with more than $5m surge by 30pc
The number of SMSFs that have more than $5 million stuffed in the low-tax vehicles has jumped by 5000 in the past five years, increasing the share of rich nest-egg owners by a third, new data from the Australian Taxation Office reveals. The Fin
Tax heat on global firms
Mathias Cormann says laws that dictate the tax paid by multinationals are “outdated” and allow companies to earn substantial revenue without paying the countries where they do business enough income tax. The West
Corporate tickets snapped up in historic ballot
WA’s corporate high-flyers have splurged millions of dollars to lock away the topnotch tickets for the AFL grand final at Optus Stadium on September 25. The West
NSW set to quarantine at home
NSW plans to phase out the requirement for Australians returning from overseas to spend two weeks quarantined in hotels and foreshadowed that it will demand all other states end internal travel bans on NSW. The Fin
UN climate adviser tells PM to ditch coal by 2030
Australia has almost a decade to transition coal workers and their communities to new opportunities under a plan that would eliminate the industry in advanced economies by 2030 and from the rest of the world 10 years later, according to the UN’s top climate adviser, Selwin Hart. The Fin
Ellerston joins Forrest in Azupay play
James Packer’s Ellerston Capital has invested $10 million and joined Andrew Forrest’s private investment company Tattarang on the register of Azupay, a start-up that wants to make it easier for government and businesses to collect payments from customers. The Fin
Moderna vaccine expected next week
The first doses of the Moderna vaccines are due to arrive in Australia next week and be made available to pharmacists from about September 20, Health Minister Greg Hunt confirmed late on Sunday night. The Aus
Boral leads industry to net zero
Concrete and asphalt group Boral, which is now controlled by billionaire Kerry Stokes’ Seven Group Holdings, has set out new targets for reducing carbon emissions and aims to be at the forefront of lower-carbon cement. The Fin
Scourge of creeps at university
WA universities have received dozens of reports of sex pests preying on students and staff in the past 2 1/2 years. The West
The Australian Financial Review
Page 1: NSW plans to phase out the requirement for Australians returning from overseas to spend two weeks quarantined in hotels and foreshadowed that it will demand all other states end internal travel bans on NSW.
The one-time operators of a collapsed bitcoin trading platform, which left hundreds of investors and speculators out of pocket, are embroiled in a legal battle over a cache of $18.2 million in cash and cryptocurrency.
Page 3: The number of SMSFs that have more than $5 million stuffed in the low-tax vehicles has jumped by 5000 in the past five years, increasing the share of rich nest-egg owners by a third, new data from the Australian Taxation Office reveals.
Page 4: Australia has almost a decade to transition coal workers and their communities to new opportunities under a plan that would eliminate the industry in advanced economies by 2030 and from the rest of the world 10 years later, according to the UN’s top climate adviser, Selwin Hart.
Page 9: Readers of The Australian Financial Review think it is more likely they will be able to spend Christmas overseas than in Western Australia, as ‘‘political grandstanding’’ over border closures see WA and Queensland splinter from national cabinet commitments.
Page 11: A US carbon tariff on Australian imports is unlikely to eventuate in the year ahead because of the complexity of the issue and the time it would take to formulate and pass the legislation required, a senior Democrat congressman told The Australian Financial Review.
Page 13: Chris Ellison’s Mineral Resources has banked a $330 million-odd profit from its five-year stay at fellow West Australian lithium play Pilbara Minerals, and will use the cash to expand its iron ore operations.
Page 14: Serial entrepreneur Jan Pacas has scored one of the country’s largest seed funding rounds, banking $16 million for his latest venture, plant-based food company All G Foods.
Page 15: James Packer’s Ellerston Capital has invested $10 million and joined Andrew Forrest’s private investment company Tattarang on the register of Azupay, a start-up that wants to make it easier for government and businesses to collect payments from customers.
Page 16: Neobank Volt has partnered with cryptocurrency exchange BTC Markets to offer its banking services to crypto investors, as the wider crypto industry grapples with neglect from traditional institutions and a lagging regulatory system.
Page 18: Concrete and asphalt group Boral, which is now controlled by billionaire Kerry Stokes’ Seven Group Holdings, has set out new targets for reducing carbon emissions and aims to be at the forefront of lower-carbon cement.
Page 18: Australia’s largest waste management company, Cleanaway, faces a rockier road in its plans to acquire a large chunk of the Sydney assets of French group Suez in a $501 million deal.
The Australian
Page 1: Josh Frydenberg says a more aggressive Beijing means Australia must embrace a new national strategy to make the economy and business more resilient to Chinese economic coercion in a new era of strategic competition.
Page 2: The Australian Workers Union has attacked the new agriculture visa, arguing it will decimate Australia’s relations with Pacific Island nations “so a handful of farmers can save a few bucks by treating Asian workers like serfs”.
Page 4: Aboriginal church leaders across Australia have begun urgent talks with Indigenous Australians Minister Ken Wyatt about how to counter Covid-19 vaccine lies that have spread online and by word of mouth to remote, regional and urban Aboriginal communities.
Page 7: Sex Discrimination Commissioner Kate Jenkins says Australia’s next blueprint to reduce domestic violence must be underpinned by an understanding of the diverse and intersecting needs of Indigenous and culturally diverse women.
Page 13: There are “systemic deficiencies” in how major banks mitigate the risk of being entangled in criminal activities such as money laundering, tax evasion, and drug trafficking, even though Austrac ranks the threat confronting them as high.
The first doses of the Moderna vaccines are due to arrive in Australia next week and be made available to pharmacists from about September 20, Health Minister Greg Hunt confirmed late on Sunday night.
Page 15: Climate change has been branded the biggest challenge of our times, and for chief executives articulating exactly what they are doing about it is just as challenging, according to a new survey.
Vinomofo chief executive Paul Edginton reckons the online wine retailer’s barolo six pack is a decent buy, having himself picked one up after a recent run of pinots.
The West Australian
Page 1: More than 700 pages of secret text messages from the key Liberal powerbrokers are being released by The West Australian as calls mount for senior members of the group to resign.
Page 4: WA’s corporate high-flyers have splurged millions of dollars to lock away the top-notch tickets for the AFL grand final at Optus Stadium on September 25.
WA residents are being encouraged to get out and savour their city on grand final weekend with more than 100 operators offering half-price experiences as part of a tourism bargain blitz.
Page 7: Treasurer Josh Frydenberg has played down the impact of China’s trade sanctions on Australian exports, revealing the overall impact on the nation’s economy has “been relatively modest”.
Page 9: WA universities have received dozens of reports of sex pests preying on students and staff in the past 2 1/2 years.
Page 11: The WA Government will fund 3300 new public housing properties during the next four years, a boost Housing Minister John Carey has promised will “change lives”.
Page 12: WA would be central to a Labor Government’s defence strategy, which shadow defence minister Brendan O’Connor says would focus on the security of Australia’s western seaboard.
Business: Mathias Cormann says laws that dictate the tax paid by multinationals are “outdated” and allow companies to earn substantial revenue without paying the countries where they do business enough income tax.
Blank-cheque companies could revive Singapore’s market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals.
The Government is being pushed to support laws that would force private companies to reveal how much JobKeeper they received last year and if they turned a profit.
