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The Australian

Good morning,

Troubled Star Entertainment Group has been offered a $200m bridging loan from Queensland coal miner Chris Wallin to tide the embattled casino operator over and ensure its survival as it tries to seal a $50m deal to sell its stake in Queen’s Wharf to its Hong Kong-based joint venture partners.

Meanwhile, the federal government’s green bank has spent just 5 per cent of a $300m war chest aimed at turbocharging Australia’s green hydrogen industry since 2020, underscoring caution among private investors in committing money to bankroll the hyped fuel source.

And industry super fund veteran Garry Weaven says the prudential regulator’s move to impose term limits on board directors is another unwelcome and unnecessary intervention in Australian corporate governance.

The markets

Making news this morning

1

Death traps that strip seniors of pension and super benefits

When a retiree’s spouse dies, financial issues appear around age pension payments and superannuation, and they’re increasing.

2

Australia stuck in retail recession, says Country Road owner

The South African owner of Country Road Group says Australia has been in a ‘retail recession’ for the past 18 months but analysts insist many retailers are thriving.

3

Rio Tinto’s new iron mine to create 1000 jobs

Rio Tinto has pulled the trigger on a new iron ore mine in WA on the same day it wrapped up the takeover of Arcadium Lithium.

Editor's picks

PolyNovo offers cash to oust CEO

Workplace disputes don’t usually culminate with complainants being ousted but emerging from PolyNovo’s unedifying brouhaha is talk its discontented CEO was encouraged to depart.

INTERNATIONAL WOMEN’S DAY

The funds manager who made her dream of ‘something better’ a reality

When investment guru Geoff Wilson copped a backlash for saying women were better investors, Armina Rosenberg leapt to his defence. Now she’s a funds manager under the Future Generation program.

By GLENDA KORPORAAL

DataRoom

→	NZME boardroom clear-out puts Aussie execs in spotlight

Could some of Australia’s top media industry talent spearhead major change at New Zealand’s largest publishing company?

→	Growing buyer interest in InfraBuild

Buyer interest is growing for Australian steel manufacturer InfraBuild as speculation mounts that the collapse of the Sanjeev Gupta-backed company is inevitable.

→	Brookfield ‘unlikely’ to continue Insignia bid

Private equity powerhouse Brookfield is understood to have cooled in its interest for takeover target Insignia Financial.