Change of guard at Macquarie
Incoming Macquarie chief executive Greg Ward will use his experience turning the company’s fast-growing banking division into a technology heavyweight to transform the broader financial services empire, after beating internal rivals to succeed Shemara Wikramanayake. The Fin
Businesses sceptical about Fair Work Court
Prime Minister Anthony Albanese has backed anew workers’ court to provide a cheap and faster path to deal with underpayment matters and other disputes, an effective reversal of a30-yearold Coalition decision, and one that business fears could lead to Labor stacking the court with union-friendly judges. The Fin
Unions seek limit to strike lockouts
Unions will seek to bind Labor to restrict employers’ power to lock out workers during industrial disputes in a move aimed directly at weakening the mining industry’s response to strikes. The Fin
TAFE enrolments slide despite fee-free push
Only a third of people who started a fee free TAFE course had completed it more than three years after the federal scheme launched, as the prime minister spruiked the $1.5 billion program as one of Labor’s key cost-of-living measures. The Fin
Labor backs super for all teen workers
Young Australians under the age of 18 are closer to being paid superannuation regardless of how many hours they work, after Labor’s national conference backed the policy in a major win for the union movement. The Aus
Regional businesses strangled as operating costs skyrocket and profits plummet
Australia’s regional businesses are being strangled by skyrocketing operating costs, declining profits and a web of regulatory red tape, the small business lobby says, pushing government to rethink its next round of tax hikes and provide further fuel excise relief. The Aus
Jobs data to trigger interest hike
Unemployment held steady at 4.4 per cent in June, sparking predictions the Reserve Bank of Australia is more likely to raise interest rates again next month. The West
High cost of remote living
Families living in remote WA communities pay up to twice as much for everyday items than Perth families, a new study has confirmed. The West
Lancelin locals’ erosion of trust
Lancelin residents insist it’s not too late to save the fishing town and were left gobsmacked and outraged by the Government’s claim retreat might be the only option for some, even after they drove 127km to Perth to protest. The West
Woodside stench gas lawsuit dismissed
Australia’s largest oil and gas company Woodside has lost its long-running lawsuit against protesters who set off stench gas at its headquarters. The West
The Australian Financial Review
Page 13: Macquarie chairman Glenn Stevens says the investment banking and asset management giant will review the appointment of KPMG as its auditor, raising the prospect that it could ditch the firm before it starts in the role.
Page 14: Tata Steel, one of the world’s largest buyers of coal, says the way that Australian producers price the commodity needs to change, bolstering demands from key customers including South Korean steelmaking giant POSCO.
Page 15: Struggling uranium miner Lotus Resources will issue new shares at a 66 percent discount to its last traded price in a$138 million rescue package that vindicates the large number of investors who bet against the stock.
The Australian
Page 14: Speculation is mounting that Bain Capital will sell about $200m worth of shares in Virgin Australia following the airline’s upcoming results.
Page 14: KMD Brands may have delivered encouraging trading numbers this week, but the improving outlook has done little to deter the queue of suitors formed around the owner of Rip Curl, Kathmandu and Oboz.
Page 15: Australia’s ambitions to become a global artificial-intelligence powerhouse have prompted energy regulators to seek a rewrite of the electricity rule book, with giant data centres facing tougher technical standards amid concerns they could pose new risks to the stability of the national grid.
The West Australian
Page 51: Woodside says it had to wrangle hard with Federal authorities to extend its flagship North West Shelf gas project, rejecting accusations in a court battle with activists that it exerted “influence” and dominance.
Page 51: Clive Palmer has pocketed his lowest iron ore royalty haul in years off the back of weaker prices and court battles with the Chinese owners of the Sino Iron mine in the Pilbara.
Page 52: Generation Steel is taking its proposed $850 million Collie green steel mill national, striking deals with three major industry players and adding a $40 million reinforcing steel facility in WA.
