This Month
Hedge fund Sage Capital doubles down on CBA short despite losses
While the latest quarter proved difficult, the short seller insists the bank’s expensive price tag is due for a reckoning.
Divorce funding start-up JustFund secures $200m facility as loans grow
A start-up which provides loans to people who cannot afford divorce lawyers has secured debt funding from private credit provider MA Financial.
The wealthy families keeping their private foundations private
The Rinehart, Medich and Lowy families are among the nation’s rich listers shielding the activity of their charitable foundations from the public eye.
Treasury’s charity tax plan splits wealthy families
Australia’s richest families will be forced to distribute the $11 billion locked in private foundations at a faster rate to charities, under a federal plan.
Solar farms forced to ‘switch off’ due to energy grid logjam
Delays to critical poles and wire projects will force some solar farms to shed more than two-thirds of the power they produce.
June
Big tax bill looms for ‘Canvanauts’ after company shuffle
The Australian Tax Office has ruled Canva’s restructure means hundreds of current and former staff need to pay huge tax bills despite not selling any shares.
Buyout fund lobs bid for collapsed airline Rex
Bids for the carrier, better known as Rex, were collected last week with local and international buyers canvassed by investment bank Houlihan Lokey.
May
Pocock lashes ANU integrity over Senate missteps
David Pocock says the ANU appears to have misled Parliament on multiple occasions and that its repeated failures raise questions about integrity and governance.
Victorian Libs look to Hamer for showdown with Allan
The state party will pursue failed federal candidates including Amelia Hamer, Simmone Cottom, Darcy Dunstan and Jason McClintock for the 2026 election.
April
Rio warns of ‘material uncertainty’ over Bell Bay smelter’s future
Despite six years of negotiations, the mining giant and Hydro Tasmania have not reached a deal over power supply for the aluminum operation beyond December.
Coalition to revive technical colleges, won’t commit to housing target
Peter Dutton claimed a $260 million pledge to establish new Australian technical colleges was another pillar of his housing affordability and accessibility policies.
March
Secret six-figure payout to banker suspected of child porn
Gresham and its shareholder Wesfarmers later engaged law firms to investigate. A decade later, the executive was cleared of having child exploitation material.
David Koch’s Ausbiz rattles the tin for enterprise video division
The five-year-old start-up is seeking expressions of interest to raise $750,000, after signing its first “platform customer”.
Toys R Us auditor warns retailer’s future is precarious
Once one of the country’s largest children’s toys and clothes chains, the company has been struggling against intense competition from its larger rivals.
Unpicking David Di Pilla’s HMC Capital is no easy feat
There’s little doubt the investment manager’s metrics and structure – from fund management charges to fees for acquiring assets – push the envelope.
Ticketek owner TEG mired in workplace allegations amid CEO reshuffle
A senior lawyer at TEG distributed a 23-page letter alleging serious workplace problems where managers humiliated and overworked staff before quitting.
Queensland prepares to publish damning report on Star’s HK partner
The state government says it has not received any formal notice from Star about plans to offload the Queen’s Wharf casino to its two main Hong Kong investors.
Former Sergio Rossi chief executive to run Country Road fashion house
Helen Wright is an Australian who has run several retailers in the United Kingdom, and will return this month to overhaul the troubled apparel powerhouse.
February
Labor wants to define Dutton before he does it himself
Raising the share allegations is not to resolve them one way or another, but to throw mud on the cusp of an election in the hope people believe the worst.
ASIC puts defensive $150b private capital sector on notice
The corporate regulator expects more money to pour into unlisted assets and private credit, and has warned of growing risks to the wealth of ordinary people.