Lifeline for struggling businesses. Small businesses at risk of collapse will be thrown a lifeline in the federal budget via new rules that will enable them to trade while insolvent.
Lifeline for struggling businesses
Small businesses at risk of collapse will be thrown a lifeline in the federal budget via new rules that will enable them to trade while insolvent. The Fin
Bubble talk softens hard border
The WA hard border may be torn down in stages with Chief Health Officer Andy Robertson flagging travel bubbles with individual States and Territories “may be considered in the future”. The West
State’s plan to return three disused grain lines to service
The State Government is preparing a business case to secure nearly $500 million in funding to potentially reopen three of WA’s mothballed Tier 3 grain train lines. The West
Virus brings Eagles down to earth
The Australian Football League’s richest club, the West Coast Eagles, has seen two years of record profits wiped out in a horror six months of pandemic lockdowns, which look set to put a dent in next year’s finances as well. The Fin
COVID-19 risks trump right of unions to enter the workplace
Employers can cite risks relating to COVID-19 infection to deny unions access to work sites, according to a ruling that could have broad implications for entry rights during the pandemic. The Fin
‘Encourage risks, scrap JobKeeper’ to rebuild
Industrial relations reform, including scrapping JobKeeper and directing billions in government spending towards encouraging businesses to take more risks, will help rebuild the economy after the COVID-19 shock, Australia’s Productivity Commissioner says. The Fin
Wesfarmers adds sizzle to carbon plans with new 2030 targets
Wesfarmers has joined the likes of BHP in accelerating action against climate change while admitting its big chemicals and fertilisers business looms as a hurdle to quicker cuts in emissions. The West
Kathmandu set to ride outdoor leisure wave
Kathmandu’s 2020 profits were decimated by the COVID-19 pandemic but the retailer believes trends triggered by the virus, including working from home and more local tourism, will boost sales of hiking gear, surfboards, wetsuits and casual clothing. The Fin
Just one in six care homes checked
The nation’s aged-care regulator has checked infection control procedures in just one in six facilities across the nation, despite the sector facing the highest death toll from the COVID-19 pandemic. The Aus
Supercars returns to Seven, confirming five-year, $200m TV deal
V8 Supercars chief executive Sean Seamer said a new television deal with Foxtel and Seven, worth $200 million over five years, would help secure its future as it prepares for its next generation of cars and further growth of the motorsport. The Fin
The Australian Financial Review
Page 1: Small businesses at risk of collapse will be thrown a lifeline in the federal budget via new rules that will enable them to trade while insolvent.
Page 5: The federal government has acknowledged the $4.5 billion upgrade of the National Broadband Network will make the company more attractive to a buyer but says any privatisation is still several years away.
Page 6: Prime Minister Scott Morrison urged Daniel Andrews to accept federal offers for 1000 Australian Defence Force troops to help guard quarantine hotels in early July, to ‘‘allow a significant expansion of compliance and welfare activity’’.
Page 8: Industrial Relations Minister Christian Porter has conceded the IR working groups have not reached a clear consensus on major issues and says the government is now working on a ‘‘commonsense’’ compromise position.
Employers can cite risks relating to COVID-19 infection to deny unions access to work sites, according to a ruling that could have broad implications for entry rights during the pandemic.
Page 9: Industrial relations reform, including scrapping JobKeeper and directing billions in government spending towards encouraging businesses to take more risks, will help rebuild the economy after the COVID-19 shock, Australia’s Productivity Commissioner says.
Page 11: The Australian Football League’s richest club, the West Coast Eagles, has seen two years of record profits wiped out in a horror six months of pandemic lockdowns, which look set to put a dent in next year’s finances as well.
Rugby Australia is on the lookout for a new principal sponsor after Qantas moved to cut the cost of its sponsorships to zero because of the COVID-19 crisis.
Page 15: NBN Co boss Stephen Rue expects just 10 per cent of eligible households to fork out the $100 or more a month to upgrade from fibre to the node to fibre to the premises by 2023.
Kathmandu’s 2020 profits were decimated by the COVID-19 pandemic but the retailer believes trends triggered by the virus, including working from home and more local tourism, will boost sales of hiking gear, surfboards, wetsuits and casual clothing.
Page 17: Myer has moved quickly to appease its second-largest shareholder, veteran fund manager Geoff Wilson’s Wilson Asset Management, which called on the retailer to shrink its board and director fees.
V8 Supercars chief executive Sean Seamer said a new television deal with Foxtel and Seven, worth $200 million over five years, would help secure its future as it prepares for its next generation of cars and further growth of the motorsport.
Page 20: Nufarm managing director Greg Hunt says the ‘‘vagaries of the weather’’ will play a big part in shaping the company’s fortunes as it tries to rectify a slump in earnings and turn around its struggling European operations.
The Australian
Page 1: Paul Keating has accused the “high priests” of the Reserve Bank of “indolence” in responding to the economic crisis triggered by the pandemic, arguing they could have done more to “shoulder the load” and support the government’s fiscal response to the recession.
Page 2: A group of pharmaceutical giants, biotech companies, industry peak bodies and the CSIRO have banded together to form an alliance to combat the “market failure” that inhibits the development of novel antibiotics to fight superbugs.
Page 4: Josh Frydenberg will jettison the key plank of the federal government’s fiscal strategy by putting economic stimulus ahead of a return to surplus, which could be up to a decade away.
Page 6: The nation’s aged-care regulator has checked infection control procedures in just one in six facilities across the nation, despite the sector facing the highest death toll from the COVID-19 pandemic.
Page 13: Westpac and Austrac are nearing a $1bn-plus commercial settlement over more than 23 million breaches of anti-money laundering legislation, including payments that facilitated child exploitation in The Philippines.
Page 15: Retail conglomerate Wesfarmers has committed to an ambitious net zero emissions agenda across its operations, citing heightened demands from the group’s shareholders and staff.
The West Australian
Page 4: The WA hard border may be torn down in stages with Chief Health Officer Andy Robertson flagging travel bubbles with individual States and Territories “may be considered in the future”.
Page 11: Mark McGowan says his defamation counterclaim against Clive Palmer has a strong chance of winning and he expects the billionaire will be writing a “big cheque” to WA taxpayers.
Business: Wesfarmers has joined the likes of BHP in accelerating action against climate change while admitting its big chemicals and fertilisers business looms as a hurdle to quicker cuts in emissions.
Investors have slashed $US50 billion ($69b) from Tesla’s market value despite Elon Musk’s promise to cut electric vehicle costs so radically that a $US25,000 ($34,588) car that drives itself will be possible.
The legal problems are mounting for Peter Landau, with the liquidator of failed mining company Continental Coal suing the Perth dealmaker and two associates for more than $1.9 million.
The State Government has committed $10 million to fast-track the set-up of WA call centres and back-office services in a move set to create hundreds of new jobs.
The State Government is preparing a business case to secure nearly $500 million in funding to potentially reopen three of WA’s mothballed Tier 3 grain train lines.
