WorkCover system failing long-term injured workers, Victorian Ombudsman finds in WorkSafe report

WorkCover system failing long-term injured workers, Victorian Ombudsman finds in WorkSafe report

2 years ago
Victoria’s workers compensation scheme has been failing long-term injured workers in “downright immoral and unethical” circumstances, the state’s ombudsman has found. In a scathing report following an 18-month investigation, Victorian Ombudsman Deborah Glass found WorkSafe agents were continuing to make unreasonable decisions, in some cases for financial incentives, leaving injured workers without compensation. The management of WorkCover compensation claims is outsourced by WorkSafe Victoria to five claims agents: Allianz, CGU, EML, Gallagher Bassett and Xchanging. […]
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Caltex CEO

Caltex boss’s star-gazing plans in wake of Canadian player’s bid

2 years ago
  The fate of Australia’s leading fuel distributor Caltex is in the hands of a giant Canadian outfit, the Caltex management team … and the gods. Just as Australian political sensitivity to fuel security is peaking, the prospect of a sale of all or part of Caltex, which includes a refinery and an import terminal, has ramifications well beyond a corporate play.   read more @ Tha Australian
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Metcash flags $237.4m impairment following loss of 7-Eleven contract

2 years ago
as per indideretail website, Metcash has announced a $237.4 million post tax impairment to its major food division, following the loss of a major supply contract with 7-Eleven. The contract fell through as Metcash was unable to reach an agreement with the convenience chain on its supply requirements for the east coast. The food and beverage wholesaler expects an annualised earnings loss of $15 million in its food pillar, after adjusting for mitigating costs savings. […]
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Elgas used AR to help it’s customer to find the safety exclusion zone

2 years ago
X-Zone LPG is a FREE augmented reality app that creates and inserts a digital gas bottle image in the real life location you choose and then shows the safety exclusion zones around the digital bottle. It can also deal with an existing installation, where the gas bottles are already in place. It can create 45kg (one or two), 90kg, 210kg cylinders and small bullets, as well. It then superimposes either a red tinted cone, for […]
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Caltex to raise $500m, sell more petrol stations as it waits on suitor

2 years ago
As per SMH article Fuel retailer Caltex is planning a $500 million capital raising and has offloaded 25 petrol stations for $136 million as it navigates an $8.6 billion takeover bid from a Canadian suitor. Caltex rebuffed suitor Quebec-based Alimentation Couche-Tard’s $34.50-a-share offer on Tuesday, saying it “undervalued” the company. At the same time, it offered Couche-Tard, which is French for ‘night owl’, access to non-public information to allow it to submit a revised bid, […]
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