Burswood gets nod for new stadium – The West; Buck stops with the board: judge – The Aus; Shorten unswayed by builders' protests – The Fin; Atlas puts rail case in $350m FerrAus offer – The West; Big end of town 'out of touch' – The Aus
Burswood gets nod for new stadium
State Cabinet has ticked off on a plan to build a sports stadium of at least 60,000 seats near the State Tennis Centre at Burswood at a cost of well under $1 billion. The West
Buck stops with the board: judge
There were warnings yesterday of an exodus of directors from public company boards after the corporate regulator won a landmark case against the board of beleaguered property group Centro. The Aus
Shorten unswayed by builders' protests
The Gillard government plans to press ahead with a $513 million tax crackdown on sham contracting in the construction industry despite builders' claims it will create a "colossal and costly administrative burden". The Fin
Atlas puts rail case in $350m FerrAus offer
Atlas Iron has strengthened the business case for a new iron ore railway in the Pilbara after tabling a $350 million tilt at FerrAus to stymie a rival offer from China's Wah Nam International. The West
Big end of town 'out of touch'
Telstra board member and John Howard confidant Geoff Cousins has blasted his industry colleagues over calls to shift the policy debate from a carbon tax to concerns about industrial relations, taxation and welfare, accusing the ''big end of town'' of arrogance, ignorance and naivety. The Aus
THE WEST AUSTRALIAN:
Page 1: State Cabinet has ticked off on a plan to build a sports stadium of at least 60,000 seats near the State Tennis Centre at Burswood at a cost of well under $1 billion.
Page 2: Perth and South West residents have been warned to brace for wild weather including flash flooding and winds up to 125kmh this morning.
Page 4: A seething Peter Reith has accused Tony Abbott of acting like a Labor factional heavy by showing how he was voting in the secret ballot to decide the federal presidency of the Liberal party.
One of WA's most powerful trade unions will launch a last-ditch legal bid today to prevent the Barnett government privatising services at Fiona Stanley and Midland hospitals.
Page 7: A Denmark couple say they are shocked at a "ludicrous" government department's rejection of a bid to register their restaurant name - the Healthy Buddha Bar - on the grounds it could be offensive.
Page 8: Negotiations with Indonesia to reopen Australia's $330 million live cattle trade remain deadlocked, with Jakarta refusing to let a team of Australian vets appointed by Canberra into slaughterhouses.
Pilbara pastoralists and graziers have rejected the $3 million compensation packaged from the Gillard government as "insignificant" and "miserable".
Page 10: Pioneering Mt Barker viticulturalist Betty Quick, known to many as Lady Betty, was last night awarded the prestigious WA Wine Press Club Jack Mann Medal for her life-time contribution to the state's wine industry.
Page 13: More than a third of people in WA believe miners should pay more in state royalties and federal taxes, a special poll has revealed.
Page 16: Almost five million Australians will face the first increase in income tax rates in a generation with the start of the new financial year.
Page 17: Western Power is using a system of remote control to switch off air-conditioners in selected homes as part of a trial aimed at cutting power use during peak demand.
Page 18: The redevelopment of Fremantle's east end precinct to accommodate potentially an extra 2,500 residents has taken a step forward with the state government ticking off on a planning scheme for the area.
Business: Atlas Iron has strengthened the business case for a new iron ore railway in the Pilbara after tabling a $350 million tilt at FerrAus to stymie a rival offer from China's Wah Nam International.
Norm Carey is facing criminal charges more than five years after the $400 million collapse of his Westpoint property empire.
Australian company directors have been put on notice that they need to ask tough questions in the boardroom and not blithely rubber stamp items as crucial as financial statements after the corporate regulator scored a comprehensive legal win against Centro directors.
Brian Gilbertson's Jupiter Mines has thrown its hat into the ring over the Esperance Port expansion, suggesting it could take a leading role because its Mt Ida magnetite project is one of the few in the region with the mine life to warrant the expenditure.
Murchison Metals has signalled it wants to keep Sinosteel at the negotiating table after breaking its silence on the Chinese player's decision to park its Mount Weld project because of uncertainty over the Oakajee port and rail project.
The Holden Commodore's future as an Australian-made car appears safe for now but the company says funding cuts have hurt the business case for its other locally made car.
Top tier law firm Freehills is at risk of being drawn into shareholder class actions being run against Centro because of merger advice it gave the shopping centre group.
THE AUSTRALIAN FINANCIAL REVIEW:
Page 1: The Federal Court has found that eight Centro directors and executives failed in their duties when they approved the property company's faulty 2007 accounts, in a major victory for the corporate regulator.
The Australian dollar has fallen to its lowest level in more than two months as traders take a punt that an interest rate cut is more likely than a rate rise.
Australian retailers and airlines are spearheading a drive to divide the company's two consumers into two tribes.
Page 3: The number of houses for sale has jumped but average prices are not falling, the latest sales data reveal - a sign that the property market is holding up despite the threat of rising interest rates, a weak sharemarket and an increase in mortgage defaults.
Page 4: The Gillard government plans to press ahead with a $513 million tax crackdown on sham contracting in the construction industry despite builders' claims it will create a "colossal and costly administrative burden".
Page 8: Toyota Australia has confirmed its commitment to local carmaking, while expressing caution over the details of the federal carbon tax.
Page 9: Qantas Airways engineers will take industrial action from next Monday over deadlocked talks on a new workplace deal, the first of several groups threatening strikes this winter.
Page 10: The Greens have stepped up their case for incentives for households and industry to invest in energy efficiency measures as part of a carbon package, and the government has outlined its plan to overcompensate low-income earners.
The federal government's proposed carbon pricing scheme has spurred a new $7.5 billion clean fuel project in central Australia.
Page 18: Atlas Iron is poised to upset Hong Kong conglomerate Wah Nam International's plans to combine its Australian iron ore interests by taking control of Pilbara explorer FerrAus.
Page 21: Murchison Metals says it is confident of getting an agreement with Chinese-related interests over the cost of using the Oakajee port and rail system, despite the resistance to date.
Page 51: Embattled Perth property developer Luke Saraceni will look for alternative forms of capital to finance the construction of the long-stalled Vasse Newtown project, after negotiations with Perron Group stalled.
West Australian billionaire Stan Perron is hastening the re-weighting of his property portfolio towards retail, offering a $75 million Melbourne office tower to the market.
Page 52: Portfolio sales are expected to dominate the industrial market for the second half of 2011 as domestic and offshore purchasers compete for large-scale aggregations of property.
THE AUSTRALIAN:
Page 1: Telstra board member and John Howard confidant Geoff Cousins has blasted his industry colleagues over calls to shift the policy debate from a carbon tax to concerns about industrial relations, taxation and welfare, accusing the ''big end of town'' of arrogance, ignorance and naivety.
Page 4: A former director of the nation's peak meat-processing research body has backed calls for an inquiry into the meat industry and admits the body had made hundreds of thousands of dollars worth of undisclosed payments to one of his companies.
Australia's peak gas-mining body is considering a multimillion-dollar ad campaign to fight back against what it sees as an increasingly strident attack against coal-seam gas mining.
Page 6: Prices in the European Union's emissions trading scheme have plunged to two-year lows, intensifying pressure on the Gillard government to start with a low carbon tax and threatening to complicate negotiations with the Greens, who are pushing for a strong start to the Australian scheme.
Page 8: Qantas passengers face disruption during the busy school holiday period with the airline's engineers embarking on five days of rolling strikes at different airports from Monday.
Wayne Swan has talked up the economy's capacity to withstand another global downturn, but warned Australia is ''not immune'' from an international crisis of confidence.
Business: There were warnings yesterday of an exodus of directors from public company boards after the corporate regulator won a landmark case against the board of beleaguered property group Centro.
The biggest issue facing global markets is not Greece but the $1.5 trillion US budget deficit, according to Morgan Stanley chief James Gorman.
The stated aim of Greens leader Bob Brown to replace the coal industry with renewable energy would, if it could somehow be achieved, wipe out an industry that directly and indirectly employs about 140,000 people and is to contribute $60 billion to Australia's export revenue next year.
Murchison Metals has admitted it has ''significant hurdles'' to overcome to succeed with the troubled Oakajee port and rail project and flagged it is talking to China to divest its interest in the $6 billion-plus plans.
Atlas Iron has launched a $350 million bid for Pilbara junior FerrAus to kill off a rival move by Hong Kong's Wah Nam, with infrastructure access the driver behind the deal.
Mining titans BHP Billiton and Rio Tinto could generate about $20 billion in free cashflow this calendar year, giving each substantial ''firepower'' for acquisitions and capital management.
Energy companies are demanding the government consider the impact of rising thermal coal prices and the adequacy of compensation for a carbon price on privately financed power stations in next year's energy white paper.
THE SYDNEY MORNING HERALD:
Page 1: Peter Reith scolds Tony Abbott for being too timid on IR reform and says his ambivalence was a source of concern in business community.
Page 2: The way senior public servant Warwick Watkins tells it, the decision by him, his deputy and the former planning minister, Tony Kelly, to fabricate a document, might have been dishonest but it was all for the greater good.
Page 3: Five public principals on Sydney's northern beaches have emailed every school parent highlighting policies on cyberbullying after the Herald exposed sexual slanders published on a website used by more than 2000 students.
World: Four top Khmer Rouge leaders went on trial yesterday at Cambodia's UN-backed war crimes court for genocide and other atrocities during the Maoist group's reign of terror in the late 1970s.
Business: Company directors have been put on notice that they need to ask tough questions in the boardroom and stop rubber stamping after the corporate regulator scored a comprehensive legal win against Centro directors.
Sport: Ricky Stuart's concerns were realised when NSW five-eighth Jamie Soward limped out of the Dragons' 24-6 win over Manly nursing a hamstring.
THE DAILY TELEGRAPH:
Page 1: Sydney City Council has declared the arrival of white settlers to be an "invasion" and wiped out the words "European arrival" from official documents.
Page 2: The cost of charter flights sending asylum seekers and supplies to and from detention centres around the country has hit $5.2 million for just six months.
Page 3: A new biography about Hazel Hawke is said to have been one of the catalysts for a heated airport lounge clash between Blanche d'Alpuget and her step-daughter Sue Pieters-Hawke.
World: A young maid is facing death by beheading in Saudi Arabia for a crime she claims she didn't commit.
Business: Tony Abbott's proposed tax cuts are the very opposite of Julia Gillard's CO tax and compensation package.
Sport: Queensland are set to spare the public a repeat of the Johnathan Thurston judiciary saga.
THE COURIER MAIL:
Page 1: Queensland police officers suffer 200 assaults a month, as the community loses respect for the law. Queensland State of Origin legends Gorden Tallis and Arthur Beetson have called for Dave Taylor to be cleared for next week's series decider.
Page 2: A mortgage price war between banks has failed to entice customers to switch lenders, a national survey finds.
Page 3: Residents of Brisbane's north say an Ombudsman's report upholding their complaints of noise at the Airport Link project is a win, but unlikely to change anything at the Thiess John Holland work site.
World: Mystery still surrounds the death of a close friend of British Prime Minister David Cameron at Glastonbury Festival.
Business: Company directors have been warned to pay more attention to detail after the Federal Court found Centro's board should have disclosed multibillion-dollar liabilities before signing off on the accounts.
Sport: Queensland coach Mal Meninga has vowed to get on with the job of winning Origin, with or without suspended forward Dave Taylor.
