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The Australian

Good morning,

An Australian superannuation fund, believed to be Cbus, missed out on a $US25m windfall as infighting raged inside Brookfield, alleges a former venture capital manager turned whistleblower who is suing the global investment firm.

Meanwhile, former competition regulator head Rod Sims has urged the Albanese government to campaign on a carbon price and tax reforms at the 2028 election, while tapping its newly won mandate this term to boost productivity, project approvals and fix a wayward electricity system.

And Southern Cross Austereo chair Heith Mackay-Cruise had a busy weekend shoring up support from the media group's major shareholders as activist investor Sandon Capital prepares to step up its campaign to turf out the board.

Vesna Poljak

Business editor,

The markets

Making news this morning

1

‘Part art, part science’: Inside the game of this tech giant

Aristocrat has reinvented itself from manufacturing poker machines to developing cutting edge digital technology and is now showing how it’s done in Las Vegas.

2

How gold, Trump and rare earths made a fortune for the Forrests

Everything is turning up trumps for Wyloo, the private mining company owned by billionaires Andrew and Nicola Forrest.

3

How top Australian law firms are leaning into generative AI

One of Australia’s biggest law firms says it will ‘responsibly’ push the use of artificial intelligence to its limits, while the industry grapples with productivity gains and concerns about security.

Editor's picks

Making a splash: the return of the wine king

Some people just weren’t made to gracefully retire, and Dan Murphy’s co-founder and wine merchant Tony Leon is not one for the golf course, so he’s back in the wine game with a new venture.

By ELI GREENBLAT

10 Aussie shares likely to do better under Labor

A bigger-spending Albanese government will boost some stocks and sectors more than others. See our share analysts’ top 10 list.

By ANTHONY KEANE

I’m still standing after hearing Elton’s lips smack

Custom-tuned in Ireland, these two Sennheiser audiophile headphones are perfect companions for a Sunday afternoon – if you don’t mind a few surprises.

Commentary

Time for RBA to take foot off economy’s neck

By JAMES GLYNN

Senior Reporter, The Wall Street Journal

The Reserve Bank of Australia is set to cut rates and keep on cutting until the official cash rate is at a far less restrictive level.

Labor can now seize opportunity to focus on productivity

By ROD SIMS

Contributor

The Albanese government has a mandate to implement wide-ranging reforms to boost Australia’s productivity. These are the key measures that can transform the economy.

DataRoom

→	Industrial majors in frame for Gupta’s InfraBuild

There’s a growing view from some in the market that Sanjeev Gupta’s InfraBuild steel business will ultimately end up in the hands of BlueScope or the Stokes family-backed SGH.

→	SunPork and BE Campbell could meet in supermarket middle

BE Campbell’s most logical owner could be staring it in the face, with industry experts saying a tie up with SunPork could lead to bigger things to come.

→	Spark data centre portfolio catching Stonepeak’s eye

The latest target in Stonepeak’s march into infrastructure is believed to be Spark’s data centre portfolio, which may sell for about $800m.

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