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The Australian Business Review
 

Good morning,

Optus sold mobile phone plans to “vulnerable” Australians including a deaf and mute homeless man and an elderly man with Alzheimer’s disease, who later collapsed in one of its stores, while creating scores of fraudulent contracts with First Nations people, the consumer watchdog has alleged. 

Meanwhile, the country’s biggest super fund, AustralianSuper, is on track to hit $400bn in assets under management next year and push through $1 trillion in 10 years’ time, CEO Paul Schroder said in an interview for The Australian's CEO Survey 2025.

And regional airlines have accused the federal government of creating an uneven playing field with its support for Rex, which continues to fly despite running up debts of $500m. 

Perry Williams
Business editor
The markets


Making news this morning
1
Minister’s private hospital forum a ‘dud’, peak group says
The government’s latest attempt to shore up the ailing private hospital sector is a ‘dud’ that will do nothing to prevent further closures across the industry, the sector’s peak group says.
2
Austrac hits Ladbrokes parent over money laundering breach claims
Financial crimes regulator Austrac is taking Federal Court action against Entain Group for alleged breaches of anti-money laundering and counter-terrorism financing laws.
3
Renewables tsar throws weight behind nuclear
Renewable energy rich-lister Trevor St Baker has backed the development of nuclear energy in Australia, saying it was ‘absurd’ it remained banned in face of a broken power sector.
Editor's picks
MARKETS
What if the Fed starts to include Donald Trump’s policy plans?
Fed chair Jerome Powell could start to acknowledge the economic impact of Donald Trump’s policy plans but probably more in terms of upside risks to growth, which could be good for stocks.
By DAVID ROGERS
ANALYSIS
RBA’s new monetary policy board needs to prove its worth
The board changes suggest Treasurer Jim Chalmers has opted for tinkering rather than a complete overhaul.
By JAMES GLYNN
ANALYSIS
Aggressive watchdog sending a message
ASIC’s recent run of cases against high-profile companies in Australia is hard to ignore, and some say it shows chair Joe Longo is keen on a second term.
By DAVID ROSS
Commentary
Dollar’s wild ride shows risks of playing with RBA fire
By ERIC JOHNSTON
Associate Editor
Jim Chalmers’ big shake-up of the central bank is a convenient distraction but unlikely to change the path of interest rates.
DataRoom
DigiCo disappointment a dampener on Virgin Australia float plan
Virgin Australia’s private equity owner would view the much-hyped DigiCo float’s flop with some trepidation for its own plans for an IPO in 2025.
Tanarra ‘supporting Bain’s Insignia Financial tilt’
John Wylie’s Tanarra Capital is believed to be quietly backing Bain Capital’s bid for Insignia Financial behind the scenes.
Accounts show true pain for Rockpool owner
The company behind some of the nation’s most celebrated dining venues is now owned by its lender, and the newly released accounts show why it took control.

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