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Good morning,

Australia’s largest developer of carbon market projects, GreenCollar, has quit the federal government’s carbon emissions program and broken ranks with the industry to accuse green activists of hijacking the scheme as part of an anti-fossil fuels agenda.

Meanwhile, National Australia Bank staff are up in arms over a plan to force more workers back to the office more often, culminating in an open letter to management that accused it of stoking a culture of distrust with its latest demand. 

And Telstra faces hundreds of millions of dollars in fines if the consumer watchdog finds in favour of rival TPG’s claim that Australia's largest telco significantly overstated its mobile coverage.


Vesna Poljak
Business editor
The markets


Making news this morning
1
NSW generator says $5m doesn’t buy power shock protection
Vales Point-owner Delta Electricity says $5m is too low collateral to safeguard against so-called Black Swan events which could rock the electricity market. It thinks $20m is a fairer price.
2
Domino’s Australia boss, sister of former CEO, departs pizza maker
Newly appointed Domino’s boss Mark van Dyck is continuing to sever links with the past at the pizza maker with country head Kerri Hayman stepping down.
3
Bitcoin ‘on track’ for $US200,000: Anthony Scaramucci
The digital currency has plenty of life yet with a bit of help from US president Donald Trump, former White House communications director and hedge fund boss Anthony Scaramucci says.
Editor's picks
MARGIN CALL
Gupta puts shutdown blame on South32
Ore supply issues? Or payment problems? Embarrassment as Sanjeev Gupta blames South32 for Liberty Bell Bay smelter shutdown even as manganese ore supply returns.
By NICK EVANS
PHILANTHROPY
Canva billionaire and wife to ‘give away’ half their wealth
Cameron Adams and his wife Lisa Miller are giving away more than half of heir fortune to help fund ‘urgent environmental issues’, and are encouraging other businesses to do the same.
By JARED LYNCH
MARGIN CALL
Markets boss has assets frozen amid $1.4m fraud allegations
A mystery car, putting green and false sick leave claims are at the centre of freezing orders against the former CEO of Sydney Markets.
By NICK EVANS
Commentary
Lendlease needs more than a King’s ransom
By ERIC JOHNSTON
Associate Editor
Under-pressure developer Lendlease has literally struck a deal with royalty, but this alone won’t impress markets.
Could a cautious RBA spoil the stockmarket rebound?
By DAVID ROGERS
Markets Editor
The Reserve Bank is widely tipped to move the cash rate but a noncommittal narrative may ‘challenge’ any expected sharemarket exuberance, according to Morgan Stanley’s Chris Nicol.
DataRoom
Spark of interest as private equity looks at buyout
Australian and New Zealand-listed telecoms company Spark is believed to have two private equity firms going over the business as they ponder a buyout proposal.
Ramsay gets a healthy boost in bargain sell-off
Ramsay Health Care’s share price is up more than 8 per cent in the past month and that may be due to the gradual demise of its nearby competitor, Healthscope.
BGH Capital, Helloworld expected to join forces for Webjet play
Could a travel agency run by one of Australia’s most well connected businessmen in Melbourne end up on the same side as a private equity firm bidding for its rival?

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