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The Australian Business Review
 

Good morning,

Major green energy projects face ongoing delays thanks to a shortage of skilled workers and Australia will need to train tens of thousands of tradespeople to prevent even more setbacks, industry figures say.

Meanwhile, Westpac’s incoming boss, Anthony Miller, vows a shift of the retail bank’s focus beyond mortgages, as he doubles down on business lending, the institutional unit and steering a technology transformation. 

And the collapse of would-be cattle baron Sam Mitchell’s agricultural empire has embroiled his wife, Andrea Miller, as liquidators say a company she controlled owes millions of dollars in unpaid taxes. 


Perry Williams
Business editor
The markets


Making news this morning
1
Qantas hits back over calls to divest Jetstar
Qantas has rejected calls by Nationals Senator Bridget McKenzie for the government to have the power to force the airline to sell low fares partner Jetstar.
2
How Westpac’s outgoing King steadied the ship
Peter King has played a key role in restoring confidence in Westpac after it was hit by the Austrac scandal and then Covid.
3
FWO seeks $10,000 compo for worker over ‘scabs’ protest
Non-union members were allegedly subjected to throat-slashing gestures during 2017 protests sparked by an industrial dispute with the Mining and Energy Union, a court has heard.
Editor's picks
TYCOONS
Billionaire makes listed property play for office fund
Paul Lederer’s move shows that private capital is willing to bet that the beaten down sector will stage a comeback.
By BEN WILMOT
MARGIN CALL
High-flying airport boss’ alleged fling
While a fling isn’t against any law, a lodged complaint has put some heat under an airport boss who’s now under an investigation ordered by the aviation lobby group board on which he sits.
By YONI BASHAN, NICK EVANS
EXCLUSIVE
AirTrunk founder’s simple secret: positivity
After sealing one of Australia’s biggest takeovers, the data centre entrepreneur says while there are many keys to success, there is one that, to him, stands out beyond all measure.
By JARED LYNCH, JOSEPH LAM
Commentary
How Miller will make Westpac a business force again
By ERIC JOHNSTON
Associate Editor
A former Goldman Sachs banker wants to pull Westpac out of its self-imposed wilderness. Is the banking major ready for change?
Attacks on RBA independence a disappointing diversion: BlackRock
By JAMES GLYNN
Senior Reporter, The Wall Street Journal
Criticism of the RBA from the federal government is a diversion hiding the fact Canberra’s record spending is playing a big part in keeping inflation high, says investment giant Bl...
Dataroom
REA investors wary of $10bn UK buy
Investors are querying whether REA Group, which is considering buying the UK’s $10bn Rightmove for cash and scrip, could be paying too much.
PEP pops up as RetireAustralia suitor
The busy Sydney-based private equity firm, Pacific Equity Partners, has added another business to its shopping list.
Australian annuities a challenge for Apollo
Apollo Global Management’s selldown in Challenger came as no surprise as there had been chatter about disquiet with the investment.