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The Australian Business Review
 

Good morning,

Speculation is building that ANZ could flag the retirement of long-serving chief executive Shayne Elliott with an announcement on the future of the veteran banker as early as today amid a deepening crisis with the bank’s bond trading scandal, which has attracted scrutiny from ASIC and APRA.

The CSIRO has stepped up its attack on the price of Peter Dutton’s nuclear ambition, claiming the cost of large-scale power plants far exceeds firmed renewables over the long term, even if solar and wind farms are completely rebuilt every 25 or 30 years.

Meanwhile, Melbourne-based fund manager Salter Brothers is advancing plans to list a hospitality vehicle by 2026, with hopes to build its portfolio into the largest hospitality vehicle in the Asia-Pacific as it expands to more than $3bn of hotels over the next five years. 

Perry Williams
Business editor
The markets


Making news this morning
1
Super Retail back in court over sacked legal officer
Former Super Retail chair Sally Pitkin has retained new lawyers as the company returns to court this week to face off against the chief legal officer it sacked.
2
Anger over chaotic overhaul of Austrade export grant scheme
A revamp of a federal grant scheme for Australian exporters faces the threat of legal action over claims the new system represents a breach of ‘procedural fairness’.
3
Social licence the missing piece in green dream
The head of renewables giant Enel’s Australian business says the absence of a social licence framework for developers is holding back the energy transition.
Editor's picks
EXCLUSIVE
Westpac exec changes loom as new CEO takes control
Anthony Miller officially takes on the Westpac CEO role next week, which is likely to usher in a period of executive changes, including the expected departure of CFO Michael Rowland.
By JOYCE MOULLAKIS
ANALYSIS
Chalmers’ big chance to build firepower into RBA
As the Reserve Bank of Australia prepares to move forward under a new dual-board structure from early next year, there’s far more at stake than meets the eye.
By JAMES GLYNN
COMPETING BIDS
E-commerce duo splash $42m on Aussie homecoming
Entrepreneurs Olivia Skuza and Heath Wells have snapped up a Bellevue Hill trophy home without any registered mortgage for their return to Australia from Monaco.
By JONATHAN CHANCELLOR
Commentary
How retail surge, ‘Wong factor’ complicate RBA rate decision
By ROBERT GOTTLIEBSEN
Business Columnist
The recent boom in retail sales will complicate the RBA’s rate decision on Tuesday and longer-term, Foreign Minister Penny Wong’s reckless UN stance could also have an impact.
RBA submissions stoke fire under surcharge debate
By JOYCE MOULLAKIS
Senior Banking Reporter
The controversial practice of surcharging may not survive in its current form, as at least one major bank calls for a ban on surcharges for debit card transactions.
DataRoom
Investment bankers face disappointing bonus season
Equity capital markets in Australia and New Zealand have not been as active as many would have liked.
PEP expected to move on MotorOne after SG
Pacific Equity Partners’ $1.2bn deal to buy SG Fleet is increasingly being viewed as a precursor to a purchase of MotorOne.
Stanmore Coal favourite as Whitehaven exits race for Kestrel
Whitehaven Coal has bowed out of the sale process to buy the $US3bn-plus Kestrel coal mine, leaving Stanmore Coal in pole position to win the contest when it gets under way next year.

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