Public service faces jobs cull
The Albanese government is seeking voluntary redundancies from thousands of public servants after Labor went on a hiring spree that threatens to blow out the federal budget’s $31 billion wages bill. The Fin
China ore price deal would benefit miners
Reports suggest BHP has ceded more influence to China in setting prices, a move that could lead to more ore being priced in Chinese yuan. The Fin
Time-based CGT change flagged for budget
The Albanese government plans to transition existing investors to a new capital gains tax regime through a hybrid grandfathering system based on how long an asset is owned. The Fin
Dutton’s QIC board spot fuel for firefighters
Aviation firefighters will pressure union bosses on superannuation boards, including HESTA and Hostplus, to oppose Airservices Australia’s $2 billion privatisation plan for firefighting equipment and infrastructure at airports across the country. The Fin
Bosses’ budget plea on spending, tax
Australia’s biggest employers are pushing Anthony Albanese and Jim Chalmers to impose strict limits on spending, debt levels and the tax-to-GDP ratio, as the Treasurer promises to save more than he spends in next week’s budget. The Aus
Push to keep young Aussies in work
The number of working-age Australians relying on welfare payments has surged to almost 1.4 million, as the Albanese government manages an increasing share of young men and women who are considered unable to work. The Aus
Energy vision sealed smelter deal
The number of working-age Australians relying on welfare payments has surged to almost 1.4 million, as the Albanese government manages an increasing share of young men and women who are considered unable to work. The Aus
Tourism operators warn of potential job losses
WA’s tourism sector is bracing for a “bleak” three months, with a third of businesses warning they will have to cut staff as a result of a slump in bookings on the back of rollercoaster fuel prices. The West
Industry welcomes ‘game changing’ 34,000 new homes plan
The Sunday Times exclusively revealed the WA and Federal governments would commit $1 billion each for the 34,000 new homes over the next eight years, including 11,000 for those struggling to own their first dwelling. The West
MinRes port fees warning
Chris Ellison was personally alerted to a Pilbara port charge large enough to possibly derail his miner’s export plan long before pressing go on its Onslow Iron operation — but cried foul years later. The West
The Australian Financial Review
Page 6: West Australian Treasurer Rita Saffioti will use the state’smining royalty riches to bankroll major cost-of-living assistance in this week’s budget, insisting she holds no concerns that new, widespread handouts could undermine the nation’s inflation battle.
Page 16: The country’s taxpayer-backed aluminium smelters are restarting idled capacity in a bid to capitalise on a price boom caused by war in the Middle East, even as fresh doubts emerge about the future of several other plants.
Page 19: A seniorWiseTech Global executive has taken the company to the Fair Work Commission over her dismissal, alleging violation of her workplace rights, as the scandal-hit global logistics software group works through a plan to slash nearly a third of its workforce.
Page 22: The local sharemarket is set to slide on Monday ahead of the Reserve Bank’s latest board meeting, where investors have tipped a third consecutive rate rise and will be watching for clues on how much more tightening the central bank expects over the rest of the year.
The Australian
Page 13: Kit Kat, Nescafe and Allen’s lollies maker Nestle says Australia should brace for a packaging pinch caused by the Iran conflict that could squeeze supplies of soft plastics and specialist food wraps.
Page 13: A deal to rescue Australia’s datacentre darling Firmus, which nearly collapsed in mid-2022, is at the heart of a bitter feud between two former business partners duking it out in court over a disputed parcel of Firmus shares.
Page 13: Diary last week revealed the chair, who oversees one of the country’s biggest media empires comprising the Seven Network, radio networks Triple M and Hit, and West Australian Newspapers, was facing a looming leadership challenge and would likely be replaced by Seven’s revered former commercial news director Bruce McWilliam.
The West Australian
Page 17: Coles chief executive Leah Weckert is hoping to capitalise on the popularity of weight-loss drugs, like Ozempic and Mounjaro, to arrest declining sales at its struggling liquor division.
Page 17: Latin America is emerging as an attractive market for WA resource companies, with the region home to about 40 per cent of the world’s copper production and almost half of lithium reserves globally.
