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The Australian Business Review
 

Good morning,

Australia’s richest person, Gina Rinehart, has snared a $2.8bn payday in the latest bumper dividend from her flagship Roy Hill iron ore operations as she warns Australia is at risk of falling behind other mining jurisdictions due to poor policy settings. 

Meanwhile, Star Entertainment's financial position continue to deteriorate in the first quarter and the new LNP government in Queensland appears reluctant to provide any taxpayer assistance, adding to growing uncertainty about the troubled casino group's future.

And suitors eyeing the opportunity to own regional carrier Rex are said to be focusing on the state of the airline’s fleet . Market experts suggest it is proving problematic for prospective buyers, writes The Australian's DataRoom editor Bridget Carter.
Perry Williams
Business editor
The markets


Making news this morning
1
Could the US election spark a pullback by gold?
Gold may be vulnerable to a pullback around the US election but long-term fundamentals are compelling, according to the World Gold Council’s John Reade.
2
Builder collapses reduce appetite for infrastructure
Capacity constraints within the construction sector amid a sharp rise in insolvencies and labour cost woes are driving a slowdown in the pipeline of projects.
3
ASIC reads the riot act to audit sector
The corporate regulator plans to investigate audited company reports and those who sign them off as part of its expansion of oversight into the sector.
Editor's picks
RETAIL
Triumphant return to the board for spurned chairman
Solomon Lew was ejected from the old Coles Myer board more than 20 years ago and returns as a Myer director after seven years of hunting down the grand old department store.
By ELI GREENBLAT
MARGIN CALL
ScoMo opening doors for Dubai
Scott Morrison has been quite the busy ex-PM since leaving office and is apparently now the go-to guy for a UAE engineering and consulting firm seeking doors to be unlocked to Aussie business.
By YONI BASHAN, NICK EVANS
PRODUCT LAUNCH
Apple cuts prices on new, speedier iMac
The tech giant has cut the price of the new iMac, while fitting it with a souped-up chip that it says is up to 2.1 times faster for ‘demanding workflows’ like photo editing and gaming.
By JARED LYNCH
Commentary
Could the US election spark a pullback by gold?
By DAVID ROGERS
Markets Editor
Gold may be vulnerable to a pullback around the US election but long-term fundamentals are compelling, according to the World Gold Council’s John Reade.
Queensland can beat organised crime in building
By ROBERT GOTTLIEBSEN
Business Columnist
Queensland has a rare opportunity to transform the commercial building industry but it’ll be met with furious opposition from highly profitable building groups and the public servi...
DataRoom
→ Vault considers buying out hedge book
Speculation is mounting that Vault Minerals could soon buy out its gold hedge book which would likely lift its share price
→ Gordon lieutenant to have prominent role in reshaping Nine
Bruce Gordon-backed executive Andrew Lancaster is expected to have an increasingly influential role in the reshaping of Nine Entertainment.
→ Singapore Post’s EFM pulls in the big names
Singapore Post’s fourth-party logistics business EFM is believed to be the drawcard as the group calls for final bids for its $1bn Australian business sale.

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