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The Australian Business Review
 

Good morning,

In a conciliatory speech to the Business Council of Australia annual dinner designed to reach a pre-election ceasefire with angry employers , the Prime Minister hasn't offered corporate leaders any compromise on Labor's union-backed industrial relations laws and defended his government’s reform agenda.

And even though Anthony Albanese claims that business and his government are on the same page in many areas, on the issues that really count there’s a mountain of white space, writes Eric Johnston.

Meanwhile, former banker and Forrest family lieutenant Andrew Hagger has joined with ex Reserve Bank stalwart Guy Debelle to establish an advisory firm for ultra-wealthy families , wading into a highly competitive market as the number of Australian billionaires swells. 

Perry Williams
Business editor
The markets


Making news this morning
1
Get back to the office, Tabcorp’s new boss orders staff
Tabcorp chief executive Gillon McLachlan says he expects staff to attend the office five days a week, putting an end to the Covid-era work-from-home phenomenon for the wagering giant.
2
Rich lister Larry Kestelman, builder sued over Melbourne apartments
The rich lister is being sued by a company linked with the late Jonathan Hallinan, and along with builder Obaid Naqebullah is being chased for damages by owners of an apartment block in Melbourne’s blue chip suburb of Brighton.
Editor's picks
GALLERY
Best pictures from the BCA’s annual dinner
A who’s who of corporate Australia, along with senior politicians, graced the event on Tuesday night. See who was in the room.
By STAFF REPORTERS
MARGIN CALL
Optus goes silent on Tesla deal
Not so long ago Optus was gushing over its supposed corporate deal with EV titan Tesla, but now it’s gone all coy and parent company Singtel’s investor day made no mention. So what gives?
By YONI BASHAN, NICK EVANS
AVIATION
Qantas, Virgin defend higher fares post-Rex
A 12 per cent jump in domestic airfares since Rex bowed out of major city routes has been attributed to ‘seasonal factors’ and flawed data collection.
By ROBYN IRONSIDE
Commentary
Reserve Bank must avoid ‘groupthink’
By JAMES GLYNN
Senior Reporter, The Wall Street Journal
Although reforming the interest-rate setting board of the RBA has stalled, a former senior manager says there’s still a good reason to reignite the process.
Are you at risk of outliving your super?
By ANTHONY KEANE
Personal finance writer
Checking whether your superannuation balance is big enough should continue long after stopping work. Here’s what you need on based on your age, and why set-and-forget is dangerous.
Dataroom
Kerr Neilson kingmaker in Regal’s Platinum play
Regal’s bid for Platinum looks highly opportunistic, but it may be just the start of negotiations.
Charter Hall’s takeover of HPI stalls
Charter Hall Retail REIT is unlikely to make a higher offer for Hotel Property Investments even though a price well over $4 a share is needed to get a transaction over the line.
Star set to unveil survival plan, results next Wednesday
The future of the country’s second-largest casino operator may be hanging in the balance, but lenders have offered it a lifeline.