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The Australian Business Review
 

Good morning,

Australian households could be hit with "cold showers" due to energy shortages, with the nation's largest gas pipeline operator warning expensive gas will have to be imported into the country to fill the gap if pending projects are not approved. 

Meanwhile, the corporate watchdog has claimed Melbourne property developer Paul Chiodo allegedly spent $6.8m belonging to Keystone Asset Management investors on personal expenses and hundreds of thousands of dollars on celebrity boxer appearances, it has been revealed in Federal Court.

And the industry super-backed Super Members Council is urging the federal government to act faster to introduce legislation to crack down on the $5bn-a-year problem of unpaid superannuation.
Perry Williams
Business editor
The markets


Making news this morning
1
Why markets are betting against hawkish RBA
The Reserve Bank’s tough talk on inflation and interest rates is increasingly at odds with that of its central bank peers, including the US Federal Reserve.
2
Mining minnows ‘stymie green bid’
The investment fund backing the $30bn Sun Cable project has warned the ASX is stacked with small mining explorers who risk locking up critical mineral because of a lack of funding.
3
Third-party services leaving Aussie data at risk
Some Australian organisations are blind to the fact third-party services are downloading and storing their data offshore.
Editor's picks
AVIATION
Western Sydney Airport snares Singapore Airlines with 24 hour offering
Could Singapore Airlines’ commitment to fly out of Western Sydney Airport be the precursor to domestic flights by the carrier?
By ROBYN IRONSIDE
MARGIN CALL
MinRes’s ‘safe work’ sham show
Mineral Resources says it’s a female friendly workplace and splashed cash on a glossy video starring a former federal pollie to push the case. Such a shame it's a load of piffle.
By YONI BASHAN, NICK EVANS
Commentary
Why Australia’s wellbeing hinges on Pilbara battle
By ROBERT GOTTLIEBSEN
Business Columnist
What do you get when you mix new IR laws, unions muscling their way into the mines and anti-mining sentiment from Tanya Plibersek? Nothing good.
Super tax bill delay a ‘sure sign’ of issues with Senate approval
By GLENDA KORPORAAL
Senior writer
SMSF Association chief executive Peter Burgess says the failure to accelerate debate on changes to the superannuation tax regime shows the government knows the bill is in trouble.
Dataroom
→ Yancoal could target Kestrel if its Anglo ambitions fail to fly
Locally listed miner Yancoal may try to snap up the $US3bn Kestrel coal mine from its private equity owner, EMR Capital.
→ Co-owner seeks exit from MPC Kinetic
One of the private equity owners of MPC Kinetic is trying to stage an exit, six years after considering a float.
→ BGH Capital’s CyberCX sale pushed down road
A sale of BGH Capital’s cybersecurity business, CyberCX, is possibly further off now as its most likely buyer, Telstra, has other priorities.
 
 
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