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Good morning,

Directors of companies connected to Sanjeev Gupta have sought protection under safe-harbour laws ahead of today's first creditors’ meeting of the failed Whyalla steelworks in South Australia, as the tycoon fights to save his industrial empire.

Meanwhile, with a federal election looming, Australia’s largest property companies have called on the government to instigate a “wartime response” to the country's growing housing crisis.

And former RBA boss Philip Lowe is a "glass half full" kind of man and as chair of Future Generation Australia he’s on a mission to make us all more optimistic.

The markets


Making news this morning
1
Liquidation looms as Star’s countdown to collapse ticks on
Stricken Star Entertainment Group may have left its run too late to appoint administrators, and a fire sale of assets through liquidation looms as a worst-case scenario.
2
Why enriching the land’s more important than wealth
Christophe Bur knows he is never going to get rich by farming yet he is confident he will leave his Queensland cattle property in a much better state than he found it.
3
When your Aussie share dividends are coming
After a mixed reporting season, the payments now begin for share investors, but experts say the outlook is cloudy. See the timetable.
Editor's picks
EXCLUSIVE
‘My daughter teared up’: how Apple Vision Pro changes lives
Ant Williams is a world record holder in the treacherous extreme sport of freediving. But if you step inside his home at Torquay on Victoria’s surf coast, you wouldn’t know it.
By JARED LYNCH
COMPETING BIDS
A property deal to be proud of
A London-based Macquarie Group banker has sold at a profit and bought at a discount in some impressive manoeuvring which has landed him and his wife a Pittwater property.
By JONATHAN CHANCELLOR
Commentary
Rushed steel rescue will end up costing Albanese much more
By ERIC JOHNSTON
Associate Editor
Billions of dollars in taxpayer cash have been promised for Whyalla but it’s all on unproven ‘green’ steel bets. The real cost will be keeping the lights on through a drawn-out adm...
Surging super sector needs right regulatory settings
By JOYCE MOULLAKIS
Senior Banking Reporter
The size of Australia’s super system is on track to become the second largest in the world by 2031, underscoring how important it is for our regulators to get their settings right.
DataRoom
HMC Capital must lift its offer to lenders to secure Healthscope
David Di Pilla’s HMC Capital may need to pay 40c in the dollar or $640m to Healthscope’s lenders, who are owed $1.6bn, to gain control of the business.
Bega may raise equity to buy Fonterra Oceania
Bega is in the spotlight over Fonterra’s $2bn-plus asset sale, with some wondering whether the process will result in a merger deal where the Australian listed buyer embarks on an equity raising.
JPMorgan set to advise on $3bn La Trobe deal
Wall Street investment bank JPMorgan is set to secure a role advising Brookfield on a potential sale or float of its $3bn-plus La Trobe Financial, sources say.

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