Mark Pownall and Mark Beyer discuss payroll tax, fees and charges, diversification, the GST and the electricity network. Also: 40under40, Alcoa’s new boss and 30 years of business in WA.
A “mindbogglingly big” warehouse will join Hesperia’s 75-hectare Roe Highway Logistics Park after a development panel unanimously approved the $22 million proposal.
Premier Mark McGowan has labelled Western Australia and the east coast as “almost a tale of two countries” while reinforcing the strength of the state’s relationship with China.
Takeover target Newcrest Mining has pushed back the exclusivity period for global mining giant Newmont Corporation’s $32 billion offer until next week.
Saracen Properties has received approval for a proposed $85 million East Fremantle project and a time extension to find a builder amid the constrained construction market.
Broader praise for Western Australia's ‘ironclad budget’ has been accompanied by industry calls to build the state's investment appeal and diversify the economy.
A $715 million state budget package to ease financial pressures from households will include $450 million worth in energy bill relief from the WA government.
ANALYSIS: The state budget has been designed so Mark McGowan can announce unexpectedly good outcomes in future but also sets the scene for a bitter GST battle with other states.
Payroll tax changes will save Western Australia’s largest employers around $230 million next financial year, according to state government budget papers.
A move to extend the price cap for apartments eligible for stamp duty rebate is expected to cost the state government $33 million, as part of a $750 million package to boost housing.
The McGowan government’s seventh annual budget features a $3.3 billion surplus, with households and businesses to benefit from $566 million in energy bill credits and modest payroll tax relief.
Civmec boss Patrick Tallon says the company's "relentless focus" on cost containment amid high inflation and labour shortages has led to another strong set of financial results.
Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready’ to progress due diligence and move to a binding offer.
The state government has committed $2.8 billion to four green energy projects, as part of an ongoing commitment to its net zero emissions by 2050 target.
Iluka Resources boss Tom O’Leary has applauded the federal government’s efforts to foster downstream processing in Australia, saying growth ambitions ‘should not be constrained by geopolitical tensions’.
