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Good morning,

The LinkedIn profile of a Queensland man accused of confecting a fake mining operation that has left him and his wife owing more than $200m in taxes claims he worked at large mining companies, including copper market darling CuDeco.

Meanwhile, South Australia’s electricity operator has accused mainland states of 'unduly influencing' a roadmap plotting a shift to green energy, warning its plan to build a $3bn transmission project and double renewable capacity may be sidelined due to conservative modelling.

And RBA governor Michele Bullock will sit down with ANZ’s new chief executive Nuno Matos at a roundtable in July, alongside invited guests, in what will be the first meeting between two of the most influential people in banking.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Fitness founder goes green with $40m energy firm IPO
Banker turned fitness guru Declan Sherman will launch his energy and recycling firm Infragreen on the stock market this month in a listing that aims to raise $40m.
2
Escalante’s $1bn bid to take full control of gaming empire
Online gaming billionaire Laurence Escalante is thankful for the support, but has moved to buy out minority shareholders of his online casino business.
3
Could super tax grab target family trusts next?
Wealth manager LGT Crestone warns Labor’s attention on the wealthiest Australians is ‘only focused in one direction’.
Editor's picks
MARGIN CALL
Grace Tame’s Nike contract in jeopardy
The sportswear giant has issued a statement outlining its heightened concerns with the former Australian of the year’s rhetoric towards Israel.
By YONI BASHAN
EXCLUSIVE
Powerball, Keno operator rolls out $70m upgrade
The Lottery Corporation has unveiled a $70m software upgrade that harnesses machine learning to create a ‘more personalised’ experience.
By JARED LYNCH
MARGIN CALL
Join forces or run lame? Melbourne’s racing dilemma
Should Melbourne’s three major horse racing clubs merge? There’s always talk, but never much in the way of action.
By NICK EVANS
Commentary
Why Project Hawk finally took off for Soul Patts
By ERIC JOHNSTON
Associate Editor
The creation of the ASX’s newest conglomerate, codenamed Project Hawk by its makers, was decades in the making. But the real challenge will now
Stocks rally may give way to ‘rotation’ after strong rebound
By DAVID ROGERS
Markets Editor
The trade war de-escalation has helped the US economy, leaving analysts to ponder how long the run of good data will continue and what it means for stocks.
DataRoom
Soul Patts lowers the defences with $14bn Brickworks merger
The deal marks the end of an era for corporate Australia with the last major company with a cross shareholding structure doing away with the ownership arrangement.
Scape closes in on Aveo buy
Scape operatives seem pretty confident behind the scenes they will lock in the funding to land Brookfield’s retirement living business Aveo, according to sources in the market.
Australian Pacific Coal extends debt facility
Australian Pacific Coal is under close watch by investors, with it owing over $US100m at a time that its market value is just $US41m.

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