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The Australian Business Review
 

Good morning,

Former Star Entertainment boss Robbie Cooke has hit out at suggestions he acted without the full authority of the board and says he always put the interests of the business ahead of himself, a confidential submission says.

Asian investment firm PAG is likely to face stiff competition for failed airline Rex, with administrators revealing they are already being inundated with emails from interested parties before officially calling for expressions of interest.

Labor will consider accelerating its $7bn tax credits package to boost the critical minerals sector after the industry took a fresh hit, with the world’s largest lithium producer slashing jobs and shutting part of a processing facility in Western Australia.
Perry Williams
Business editor
The markets


Making news this morning
1
Renewable energy giants fight for prime position
Australia’s largest renewable energy developers have sought permits to build large-scale projects in a sparsely populated part of NSW as they seek to overcome prohibitive planning laws.
2
PwC Australia boss paid extra to advise on tax scandal response
PwC Australia CEO Kevin Burrowes is paid $1.2m by the international arm of the firm to advise the global consulting giant on its response to the tax scandal hanging over the local business.
3
Wilsons plans wealth consolidation spree
The wealth and broking group’s CEO Brad Gale hopes to spearhead a round of consolidation in the private wealth industry, as he targets a doubling of funds under advice.
Editor's picks
MARGIN CALL
Watchdog knocks on EY’s door over Rex relations
EY’s corporate undertakers received a knock at the door from the regulator on Thursday with some light questions over their appointment as administrator of downed airline Regional ­Express.
By YONI BASHAN
INDUSTRY
Green steel boom ‘needs right policies’
Australia needs to establish a green metals network and funding to capitalise on the large opportunity posed by green steel and other metals, a cooperative research centre says.
By CAMERON ENGLAND
PROPERTY
Office space’s final frontiers
The vacancy rate across the nation’s office towers has tightened overall, but Melbourne is lagging behind as the slow down in some CBDs catches up to it.
By BEN WILMOT
Commentary
Markets find ‘sweet spot’ in policy, economic outlook
By DAVID ROGERS
Markets Editor
There’s no sign of cracks in the bullish narrative, but investors should keep their late-cycle playbooks at hand as they navigate what’s often the worst time of year for stocks.
The secret sauce that delivers retirement happiness
By ANTHONY KEANE
Personal finance writer
Many seniors need a solid income to enjoy retirement, but another key ingredient is required too, a university study has found.
Dataroom
→ Stonepeak taps JPMorgan, Macquarie for Jemena contest
Stonepeak is one of the most active buyers of infrastructure assets in the Australian market and may be about to add further to its portfolio.
→ Tyre kickers out in force for Rex assets
Rex administrator EY is understood to have received dozens of expressions of interest from parties interested in buying the collapsed regional carrier.
→ Firms follow US lead with attack on political correctness
US politicians are not the only ones trying to capitalise on the growing frustration with political correctness – some companies are starting to do so as well and Australia may be next in line.
 
 
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