[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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