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Developers of wind-powered electricity generation off the Victorian coast have begun survey works in anticipation of a scheduled auction of licences to build the first of the state’s operations.

Meanwhile, Australian start-ups should stop diluting their equity through excessive and frequent capital raising or risk creating a mess of their business, says the founder of one of Australia’s most successful technology groups.

And Wealth editor James Kirby looks at the vexed question of whether the federal government should get into the annuities business.