Email
Get the latest from The Australian Business
To view this email as a web page, go here.

Good morning,

Australia locked in financing for only a fraction of the large-scale renewable energy generation projects required to hit Labor’s 2030 green target in the first three months of 2025, sparking a warning that the pace of investment must quickly accelerate to hit the end of decade goal.

Meanwhile, global commodities giant Trafigura has its sights on a critical minerals future in Australia through a taxpayer-backed refit of its local lead and zinc smelters, which employ 1500 workers.

And contrary to what many advisers have been telling their clients, franked dividends - the backbone of Australia’s retail investment system - will be hit by the federal government’s super tax, a financial specialist has warned.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Byron Bay’s Beach Hotel fetches $140m
The pub is best known for once being owned by former Paul Hogan sidekick John ‘Strop’ Cornell
2
Millions in super vulnerable as funds drag their feet on security
AustralianSuper is introducing mandatory MFA for member logins in the wake of the March scam attack, but peers Cbus and Australian Retirement Trust aren’t in any hurry.
3
Law firms dumping billable hours and diversity programs
Law firms are moving away from charging billable hours and conducting diversity programs, according to research. Is it the Trump effect?
Editor's picks
MARGIN CALL
Did the taxman take the wind out of Palmer’s Trumpet?
When you spend money like Clive Palmer, not much can throw you off your political stride. But perhaps a $60m tax bill might explain a somewhat restrained outlay on Trumpet of Patriots.
By NICK EVANS
MARGIN CALL
ACU bets the house on foreign students’ fees
ACU Vice Chancellor Zlatko Skrbis is pretty chuffed with his rebalanced budget but dig a little deeper and the heavy reliance on international student fees raises questions of sustainability.
By YONI BASHAN
Commentary
Data and loyalty: The secret behind Myer’s reinvention
By ERIC JOHNSTON
Associate Editor
All Myer needed was purpose and the retailer’s boss, Olivia Wirth, has a plan to do just that.
DataRoom
Focus on Qscan as Morrison hunts advisers
Infrastructure asset manager Morrison is believed to be courting advisers for the sale of Qscan after it led a consortium to buy the business in 2020 for $735m.
Healthscope pain extends to rivals, with more hospitals set to close
Healthcare industry experts insist that an insolvency outcome could also be looming for the rivals of the collapsed group.
UBS tapped for Ebos $NZ949m block trade
A 13.2 per cent stake in the pharmacy business is being sold at $NZ35.50 per share.

image