Good morning, A major gas expansion seen as vital for Australia’s southern states to avoid shortages in the next two years has been put on hold due to a tough regulatory clampdown, with the fresh supply shock landing just days after the Albanese government warned of shortfall risks this decade. APA had planned to sign off on investment on a major expansion of its South West Queensland Pipeline this year, with construction to start in the second half of 2024. However, the gas giant said regulatory uncertainty due to a new probe into the pipeline sector had forced it to delay an investment decision until it received further clarity. Meanwhile, the co-founder of one of the nation’s most profitable fund managers, L1 Capital’s Rafi Lamm, has urged investors not to get ‘sucked in by current fads’ such as the explosion of artificial intelligence. And Bunnings will resist a Senate inquiry recommendation that it be placed under the same regulatory oversight as the nation’s leading supermarkets. | 