Each morning we post a selection of our favourite news stories from the day’s news. These posts also give you a chance to see how we can summarise news for you.
Original article by Darren Davidson
The Australian – Page: 5 : 24-Nov-17
New "Today"co-host Georgie Gardner has denied suggestions she initially knocked Nine’s offer to work alongside Karl Stefanovic. Gardner’s much anticipated appointment was confirmed by Nine on 23 November. It is understood that Gardner, who is replacing Lisa Wilkinson, will be paid $A800,000 a year, up from the $A500,000 she currently receives. Gardner previously worked on "Today" as its newsreader for seven years, but left in 2014.
NINE NETWORK AUSTRALIA LIMITED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, TEN NETWORK HOLDINGS LIMITED – ASX TEN
Original article by Andrew Clennell
The Australian – Page: 1 & 6 : 24-Nov-17
Not all members of the New South Wales cabinet are happy with plans to spend $A2.3 billion on upgrading two of Sydney’s biggest stadiums. The proposal to revamp Allianz Stadium and ANZ Stadium has been put forward by Sport Minister Stuart Ayres, and was strongly backed by Premier Gladys Berejiklian when she opened cabinet on 23 November. Seven ministers are understood to have voiced concern about the plan, particularly in regard to ANZ Stadium. However, it is believed cabinet was told the National Rugby League had threatened to take the grand final away from Sydney if ANZ Stadium was not upgraded.
ALLIANZ AUSTRALIA LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NEW SOUTH WALES. DEPT OF TOURISM, SPORT AND RECREATION, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET
Original article by
The Australian – Page: Online : 24-Nov-17
South Australian Premier Jay Weatherill says Tesla has finished installing its 100-megawatt battery at Jamestown. The battery is located next to a wind farm, and Weatherill says that testing of the battery will now begin. He says that the battery, which is the biggest of its kind of the world, will be ready in time for the 2017-18 summer. The battery forms an important part of South Australia’s $A530 million energy plan, which it adopted following a statewide power blackout in 2016.
TESLA INCORPORATED, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET
Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 24-Nov-17
Alinta has outlaid around $A1.2 billion to acquire Victoria’s Loy Yang B power station from Engie and Mitsui & Co. Loy Yang B generates around 17 per cent of Victoria’s electricity needs, and has a capacity of around 1,000 megawatts. Alinta MD Jeff Dimery said buying Loy Yang B makes it easier for it to compete with "the big guys". Larger rivals AGL Energy, Origin Energy and EnergyAustralia all have coal-fired power stations.
ALINTA ENERGY (AUSTRALIA) PTY LTD, ENGIE SA, MITSUI AND COMPANY LIMITED, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, ENERGYAUSTRALIA PTY LTD, DELTA ELECTRICITY AUSTRALIA PTY LTD, CHINA RESOURCES (HOLDINGS) LIMITED, APOLLO GLOBAL MANAGEMENT LLC, AUSTRALIAN GREENS, GRATTAN INSTITUTE
Original article by Dennis Shanahan
The Australian – Page: 1 : 24-Nov-17
Former prime minister John Howard has refuted Prime Minister Malcolm Turnbull’s contention that boosting religious freedoms could lead to the adoption of sharia law in Australia. Howard says Turnbull’s arguments along these lines are "just plain wrong", noting that state governments would have to permit the introduction of sharia law, something that is just not going to happen. Howard says the federal government did not handle the same-sex marriage debate very well, apart from the actual postal survey.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY
Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 24-Nov-17
Woolworths chairman Gordon Cairns has urged food and grocery suppliers to think carefully before putting their goods for sale on Amazon. Speaking at its AGM on 23 November, he said retailers such as Woolworths might find that they could not compete with Amazon’s prices, and so might decide to start selling more of their private label goods in preference to brand-name products. CEO Brad Banducci said that Uber Eats could be as a big a threat to Woolworths’ business as Amazon over the next year.
WOOLWORTHS LIMITED – ASX WOW, AMAZON.COM INCORPORATED, UBER AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, BP AUSTRALIA LIMITED
Original article by Paul Garvey
The Australian – Page: 9 : 24-Nov-17
The Bass Strait gas fields are likely to start running out of gas in the medium term, according to a report to be released by the Department of Industry, Innovation and Science on 24 November. The report states the fields could start to run out even sooner if production is boosted in an effort to meet any rise in demand or deficit in supply. It notes that production in Bass Strait will increasingly move from shallow gas fields of high volume and quality to deeper fields of low volume and low quality. Federal Resources Minister Matt Canavan says the report demonstrates the need for states to lift their bans and moratoriums on on-shore gas exploration and development as soon as possible.
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY
Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 24-Nov-17
Queensland Treasurer Curtis Pitt released details of four new or increased taxes on 23 November, just two days before that state’s election. The taxes, which include a new tax on luxury cars and an increase in the transfer duty surcharge imposed on overseas buyers of property, are due to come into effect in June 2018. They are aimed at helping to fund the $A2.8 billion worth of commitments that Labor has announced during the election campaign, but Liberal National Party treasury spokesman Scott Emerson says boosting taxes is not the way to grow the Queensland economy.
QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, TATTS GROUP LIMITED – ASX TTS, PROPERTY COUNCIL OF QUEENSLAND
Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 7 : 24-Nov-17
Nationals senator Barry O’Sullivan released on 23 November details of his private members’ bill that calls for a commission of inquiry into the banking sector. Its release comes as efforts to have its tabling thwarted intensify. Former prime minister John Howard described the bill as "rank socialism", while Treasurer Scott Morrison met with the chairman of the big four banks, suggesting the need for them to come up with reforms that might reduce the impetus for an inquiry.
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, SKY NEWS, LIBERAL PARTY OF AUSTRALIA
Original article by Ben Potter
The Australian Financial Review – Page: 12 : 24-Nov-17
The federal government’s proposed national energy guarantee will deter investments in large renewable energy projects if the emission reductions target that the government prefers is not changed. This is according to modelling by Bloomberg New Energy Finance, and comes as Energy Minister Josh Frydenberg and his state counterparts meet to discuss the NEG on 24 November. South Australia has indicated it will reject the NEG as it is currently proposed, while Queensland Energy Minister Mark Bailey says he will not agree to an NEG that does not meet the needs of his state.
BLOOMBERG NEW ENERGY FINANCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS. ENERGY REFORM IMPLEMENTATION GROUP