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[Australia TODAY] "Election war chest over a tax showdown"

Tax

Scott Morrison may showdonw an election war chest of up to $70 billion on the back of rising budget surpluses. Source: AAP

Australia TODAY looks into major stories featuring in the front page of major daily newspapers on 28 March.


The Australian

Bill Shorten has made a dramatic move to win back support from Chinese-

Australian voters following last week's disastrous NSW election defeat,

declaring Labor is not a racist party and that he welcomes the rise of China as

a global power.

Scott Morrison is set to be handed an election war chest of up to $70 billion on

the back of rising budget surpluses, paving the way for a tax showdown with

Labor, with some economists expecting the government to also announce next

Tuesday that the budget was already in surplus.

The indigenous-owned company proposing a new 1000 megawatt clean coal plant in

north Queensland says it must be protected from a future carbon price to attract

investment and has launched talks with the government to indemnify the project

against "carbon risk".

The Financial Review

ASIC chairman James Shipton has called out the banks for resisting obeying the

law and for spreading the myth of a credit squeeze triggered by a regulatory

crackdown, saying his patience is wearing thin.

The Morrison government is facing demands to urgently increase funding for a

grant scheme to help exporters market their products overseas, and there are

warnings that an ongoing budget squeeze is hampering businesses' expansion

ambitions.

APRA chairman Wayne Byres has told bank boards the portion of executive pay

driven by shareholder returns should fall below 25 per cent to focus management

on serving customers.

The Age

Melbourne is adding 327 people a day as it draws residents from around the

world, with new figures revealing the city's population swelling and on track to

overtake Sydney within a decade.

The number of firearms in Australia is dramatically higher than before the Port

Arthur massacre that left 35 people dead, raising fears the gun lobby's efforts

to relax national restrictions are bearing fruit.

 Senator Fraser Anning used taxpayer funds to fly to a private business meeting

in Adelaide last year in a bid to avert bankruptcy proceedings that could have

ended his parliamentary career.

The Sydney Morning Herald

Air traffic controllers at Sydney Airport are so stretched that flights have to

be restricted once a month on average as there are not enough staff to safely

manage the congested runways.

 The stereotype of the violent "ice" junkie bears little resemblance to the

white-collar, hospitality, and shift workers addicted to methamphetamines and

other stimulant drugs. Issues papers released ahead of the NSW Special

Commission of Inquiry into the Drug Ice warn that a "moral panic" fed by media

reports and government campaigns prevents meth and amphetamine users seeking

treatment,

Three Aboriginal children whose father died of mesothelioma have won a battle

for compensation after a judge threw out the state government's legal defence

and rebuked its handling of the landmark case.

Harriet Wran, the daughter of former NSW premier Neville Wran, has been charged

with possessing drugs and stolen goods on the Central Coast.

One of two men accused of plotting to plant a bomb on a plane at Sydney Airport

told police he walked into the airport with the bomb concealed inside a meat

mincer, then saw children and thought: "Don't do it. Don't be stupid, don't do

it."

The Daily Telegraph

Greens leader Richard Di Natale has decried coal as the modern- day asbestos and

declared it must be banned. The party will today release a radical manifesto

laying out their agenda to abolish the coal industry, which is the lifeblood of

the NSW economy.

 Australia's richest person Gina Rinehart faces the prospect of being cross

examined by her children on how she has operated the family's $4 billion trust

after a major setback in a marathon legal battle.

Parents whose children came into contact with alleged Sydney pool paedophile

Kyle Daniels will be given advice on how to talk to their kids about child

sexual abuse at police-run forum.


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