A push too far: Costello quits
Nine Entertainment chairman Peter Costello has resigned, three days after a physical confrontation with a journalist at Canberra Airport, ending – at least in the short-term – a crisis that has exposed the ugly underbelly of the media company and sent its share price spiralling. The Aus
Dutton closes on PM, parties level
Primary support for the Coalition has lifted to the highest point in almost three years following a damaging two weeks for Labor, as Peter Dutton closes in on Anthony Albanese as the preferred prime minister and the two major parties draw level on a two-party-preferred basis. The Aus
Libs stick with Paris pact
Peter Dutton will not leave the Paris climate change agreement and remains committed to the Coalition’s pledge of net zero by 2050, despite attempts by the Albanese government to wedge Liberal and National MPs over near-term emissions reduction targets. The Aus
Nats take umbrage at APRA proposal
The Nationals leader has fiercely rejected a proposed shake-up by the Australian Prudential Regulation Authority of bank liquidity and capital standards, with the regional party warning that it could harm banking competition in the bush while enhancing the lending dominance of the big four. The Aus
Gas station delays plague power giant
EnergyAustralia has suffered months of delays at its new $300m gas power station in NSW, with the state’s first new gas plant in a decade yet to deliver supplies to the national electricity market due to technical issues. The Aus
Besen’s call to save arts sector
Daniel Besen has called on all levels of government and wealthy benefactors to do more to back the arts sector, warning that dozens of small community-based organisations are in danger of failing due to a lack of funding. The Aus
Claims Yusuf Khan-led business owed years of taxes
Liquidators for the company which ran the club — formerly known as Perth City Enterprises — allege the business “failed to pay” the Australian Taxation Office income tax for 2019 financial year “and beyond”. The West
Hire chief in $5.6m ATO blue
The Australian Taxation Office has hit a WA labour services entrepreneur with a $5.6 million action under laws making directors potentially liable for companies failing as tax collectors. The West
Gas powers through slump
A slump in the price of natural gas and the prospect of a future glut is spurring sales of trucks and ships powered by the fuel. The West
The Australian
Page 4: The Future Fund could step up its investment in renewable energy if it finds new deals with “the right risk return profile,” according to its new chair, Greg Combet.
Page 7: A trans-Tasman delegation of government ministers and banking and security executives will launch a diplomatic offensive over the rising wave of scam operations in Southeast Asia targeting Australians and New Zealanders, during a series of meetings in Singapore this week.
page 15: Woodside Energy has snubbed a list of climate-focused directors suggested by superannuation giant Hesta, with the oil and gas producer declining to back any of the fund’s picks aimed at adding green expertise to its boards.
Page 16: More names are emerging around the hoop for the Healius diagnostic imaging unit sale, but some believe that the more interesting deal to surface will be a buyout of the entire company.
Page 16: As negotiations continue to play to between Healthscope and its lenders, lawyers, landlords and other stakeholders, a more pressing issue could be starting it in the face – job losses.
Page 17: The finely balanced debate over the future direction of official interest rates will be in the spotlight once again this week when Australian jobs data for May is released.
Page 17: The reinstatement of trade with China of five Australian meatworks should almost immediately reintroduce “$400m to $500m” back into the economy via the agriculture sector, The Australian Meat Industry Council said.
Page 18: Business has been warned to review how personal information is stored or face the prospect of harsh penalties when strict privacy laws come into effect later this year, as Medibank faces a maximum potential fine of $21.5 trillion for its 2022 cyber breach.
The West Australian
Page 4: A year’s worth of reports, which detail departmental spending on external consultants, are due to be hastily tabled in Parliament this week — despite a requirement they be released every six months — following questions from The West and the Opposition.
Page 4: WA will be home to Australia’s first dedicated clean energy training centre under a new $70 million deal between the State and Federal governments to be announced on Monday.
