Green transition better than expected: Debelle
Former RBA deputy governor Guy Debelle says economics, rather than climate policy, is driving the shutdown of the country’s coal-fired power plants, but it will not be a disaster if the federal government fails to meet its 82 per cent 2030 renewable energy target. The Fin
Labor ditches AI plan in media showdown
A controversial proposal to give artificial intelligence giants such as OpenAI and Anthropic free rein to train their models on Australian copyright-protected work if they signed a minimum number of commercial deals appears to have been ditched, after it was left out of a Thursday afternoon showdown with content owners. The Fin
PlayWest sues Apple over app
PlayWest, run by Alice Hartman, is suing Apple after the tech giant wiped its app from the App Store in a move it claims could prove catastrophic for the fledging start-up. The Fin
Answers on trusts to trigger $2.8bn bill
More than 850,000 businesses and families will end up forking out $2.8bn for advice alone, before restructuring costs, due to the Albanese government’s trust tax changes, the country’s top accounting body has warned in a submission to Treasury. The Aus
Vow to make trade a fair fight
Industry Minister Tim Ayres has declared Australian manufacturers can be assured they will now compete on a “level playing field”, after Labor moved to strip the profree-market Productivity Commission of its powers to investigate any surge in foreign imports. The Aus
KPMG accepts cultural failings
A report commissioned by KPMG into its whistleblower scandal has found the firm took an “overly legalistic approach”, didn’t manage conflicts of interest, and failed to support the whistleblower by minimising their stand as a workplace grievance. The Aus
Guess tax the way life goes
WA has been revealed as a hub for tax dodgers, accounting for more than a quarter of Australian Taxation Office prosecutions resulting from a major crackdown on the $80 billion “shadow economy”. The West
WA the people magnet
WA has again topped the nation for population growth as the nation’s net overseas migration fell below 300,000 for the first time in four years. The West
Migration overhaul to jeopardise tourism
Tourism and education leaders fear the Federal Government’s migration shake-up will make WA’s attractiveness disappear and hurt the nation’s economy. The West
Developer Victor Goh appears for court
Developer Victor Goh has been photographed for the first time in a decade as he emerged from reclusion to fight a contempt charge in WA’s Supreme Court. The West
The Australian Financial Review
Page 14: Westpac and ANZ are strengthening their ties with Qantas in a bid to snare customers from rival Commonwealth Bank following the lender’s surprise move away from Australia’s premier rewards program, Qantas Frequent Flyer.
Page 15: Department store Myer, Larry Kestelman’s Brand Collective and Will Vicars’ Oroton Group have emerged as potential buyers of Cue Clothing Co following its collapse this week.
Page 15L Ord Minnett paid its owners more than $43 million in dividends last year, as a rush of mining deals and capital raisings propelled the smaller end of the country’s stockbroking industry to huge profit increases.
Page 17: Big investors say federal fuel tax and climate policies have distorted the market and encouraged BHP and Rio Tinto to extend the lifespan of diesel trucks rather than use their purchasing power to drive earlier delivery of low-emissions equipment.
The Australian
Page 14: Artificial-intelligence infrastructure hopeful Firmus is expected to come out with the pricing terms for its initial public offering late next week, say sources.
Page 14: NAB is suspected to be back around the hoop for a potential acquisition of HSBC’s Australian deposit book, after considering a deal to buy that part of the banking operation last year.
Page 15: Investment giant Macquarie has been hit with a class action over its role in the Shield Master Fund debacle, a year after it compensated investors $321m.
The West Australian
Page 51: Fenix Resources is chasing one-time executive director Craig Mitchell in the Supreme Court, alleging he had breached his employment deal, according to a writ.
Page 52: Perth Mint has touted record financial results but the State-owned precious metals refiner missed a couple of key internal targets.
Page 53: Sanjeev Gupta’s steelmaker InfraBuild will invest $15 million in WA over next two financial years to meet “growing demand for steel” from the resources, renewable energy and construction sectors.
Page 53: BCI Minerals has lured Covalent Lithium chair Ian Hansen to the board as harvesting gets under way at its massive Mardie Salt project near Karratha.
