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The Australian Business Review
 

Good morning,

Two of the nation’s largest superannuation funds, AustralianSuper and Hesta, have teamed up to back the development of $15bn worth of affordable housing over the next decade as they seek to address the supply crisis. 

Meanwhile, some of the female executives who made a string of allegations of improper workplace behaviour at Super Retail Group earlier this year, including claims of a secret affair between the chief executive and chief human resources offer, have left the company, The Australian can confirm.

And the corporate regulator was demanding detailed information on government bond transactions involving ANZ in January this year, as it sought to unravel a contentious $14bn bond placement, documents reveal.

Perry Williams
Business editor
The markets


Making news this morning
1
Construction insolvencies on track to set record yearly highs
Insolvencies in the building and construction sector were already on par with pre-Covid levels for the calendar year and are set to exceed historical highs.
2
Will valuations come back to bite ASX shares this earnings season?
Reporting season, inflation data and the Reserve Bank board meeting may test our share market valuation after it had a free kick from money flowing out of tech giants.
3
Craft beer and spirits maker Mighty Craft collapses
Listed craft brewer Mighty Craft has called in administrators after a hoped-for merger with Better Beer failed to eventuate.
Editor's picks
MARGIN CALL
Gretel Packer’s play to save historic theatre
Gretel Packer has emerged as the surprise buyer of the historic Metro-Minerva theatre in Sydney’s Potts Point, meaning it is more likely to be revived than left to the developer’s wrecking ball.
By YONI BASHAN, BEN WILMOT
PROPERTY
Student crackdown easing rent stress
Rental price growth has slowed as challenging market conditions see more renters either struggling to afford record-high asking prices or looking to become property owners.
By MATT BELL
EXCLUSIVE
Aussie tech group uploads ChatGPT to people’s brains
The biotech, backed by Bill Gates and Jeff Bezos, has taken its next giant leap, incorporating ChatGPT into human brains to help those with paralysis communicate with others more freely.
By JARED LYNCH
Commentary
Woodside's big bet on Trump energy trade
By ERIC JOHNSTON
Associate Editor
There’s good reason why Woodside boss Meg O’Neill is in a hurry to get her planned $1.8bn buyout of a cash-strapped US gas hopeful away.
Time to start talking about the big five banks?
By JAMES KIRBY
Wealth Editor
Australian investors switching out of newly crowned top stock Commonwealth Bank are getting better returns at Westpac and a rising Macquarie.
Dataroom
Barrenjoey lines up to sell $2bn CDC Data Centres stake
Super funds are cashing in on the strong demand for data centre assets, with another heading to the market.
Food execs in picture for NZ deal
It isn’t just private equity money that has been lined up to fund a buyout of The Warehouse, it is understood that former Australian grocery executives were being sought for the deal as well.
Woodside hires Blackstone’s advisory spin off for $1.8bn US deal
PJT Partners was previously part of the Blackstone Group and is rarely seen on major deals involving Australian companies.