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The Australian
 

Good afternoon,

ANZ has again reached for a rock star chief executive by tapping highly-connected global executive Nuno Matos, who has worked across three continents, including in some of the toughest banking markets in the world.

Platinum Asset Management shares tumble as it goes into damage control, announcing a special dividend after Regal Partners walked away from a potential takeover.

And a n ambitious plan to rebalance the pension system in favour of younger Australians hinges on one thing - getting those in retirement to pay more tax.

Perry Williams
Business editor
The markets


Commentary
Dangerous time for PM to be out of touch on the international field
By ROBERT GOTTLIEBSEN
Business Columnist
The Albanese government is totally out of touch with what’s happening in the Middle East and got caught up in the need to preserve local seats where Islamic groups have a greater v...
Latest news
‘Clean slate’: ANZ pushes ahead with new CEO amid battles
Scandal-hit ANZ’s long-serving boss Shayne Elliott will step down in July next year, making way for Nuno Matos to steer the bank forward.
By DAVID ROSS AND PERRY WILLIAMS
Challenge for Coles to capitalise on $140m Woolies wipeout
Coles is ordering more from suppliers and opening extra checkouts as strikes at Woolworths wiped out $140m in sales, delivering a challenge and opportunity to its rival.
By ELI GREENBLAT
‘Backwards step’: Investors lash APRA over hybrids ban
In a blow to retail investors, banks will be forced to retire hybrid securities – a $43bn local market – on orders from the prudential regulator.
By CLIONA O’DOWD
‘A humble gentleman’: corporate and sporting titan dies at 80
From leading insolvency action against Alan Bond and Christopher Skase to boardroom tussles, former Lendlease and South32 chairman David Crawford is being remembered as a titan of many arenas.
By GIUSEPPE TAURIELLO
For the sake of the young – tax the retired more
An ambitious plan to rebalance the pension system in favour of younger Australians hinges on getting those in retirement to pay more tax.
By JAMES KIRBY

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