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Good morning,

There's unrest in the West with the Pilbara becoming an IR powder keg as miners accuse the ETU of making false and unlawful claims in their efforts to re-unionise the iron ore-rich region after decades of industrial peace. 

Meanwhile, one of Australia’s biggest carbon farmers says a key plank of the nation’s net-zero push has been diluted as businesses grow uneasy over being tarnished with greenwashing accusations connected to carbon offset programs. 

And influential Melbourne entrepreneur and restaurant owner Chris Lucas says Victoria’s budget is “extremely disappointing” for small businesses , joining industry groups who say its "no new taxes" mantra fails to recognise the burden of existing levies. 


Vesna Poljak
Business editor
The markets


Making news this morning
1
Native Title tribunal backs Santos’ $3.6bn gas project
A tribunal ruling has found Santos’ proposed Narrabri gas development in northern NSW is in the national interest, but the project now faces further political and regulatory hurdles.
2
Woolworths could fuel price war with chicken and Coke discounts: report
Woolworths boss Amanda Bardwell this month unveiled a $100m investment in lower shelf prices to bolster its competitive credentials, but this could drag Aldi and Coles into battle mode.
3
More changes in trans-Tasman ranks for Goldman Sachs
Andrew Barclay is leaving after running the Wall Street bank’s operations across the Tasman for almost two decades.
Editor's picks
AVIATION
Lack of domestic competition making Qantas and Virgin rich
The absence of serious domestic competition has Qantas and Virgin Australia raking in the cash, the ACCC reports.
By ROBYN IRONSIDE
MARGIN CALL
Westpac books another win in its Bill Papas’ fraud case chase
Death and taxes are life’s certainties but you can add aggrieved bankers chasing a scent when money goes missing as Westpac’s financial bloodhounds close in on the assets of two fraudsters.
By NICK EVANS
MARGIN CALL
All is far from Bonza as the bust airline sparks credit card lawsuit
More than $775,000 is owed to the customers of financially crashed ocker airline Bonza and now its credit-card processor has joined the line-up of lawsuits against the parent company.
By NICK EVANS
Commentary
Dovish Reserve Bank tone raises hopes of more rate cuts
By DAVID ROGERS
Markets Editor
The Reserve Bank may end up easing too much from here, but it will be justifiable as the erratic trade policy of the Trump administration continues to be a threat to the outlook.
DataRoom
Suitor courts Lendlease for $3bn Keyton retirement business
Australian-listed builder and developer Lendlease’s Keyton could have interest from groups which had been bidding for rival Brookfield’s Aveo.
Healthscope lenders call meeting over hospital operator’s future
Financiers owed $1.4bn may decide whether to bring in a receiver or administrator for embattled healthcare provider Healthscope.
Tabcorp receives approaches from Intralot for Max Gaming
The country’s largest wagering operator is weighing up whether to sell the business under Gillon McLachlan’s leadership.

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