www.afr.com Open in urlscan Pro
2a04:4e42:400::645  Public Scan

Form analysis
2 forms found in the DOM

GET /search

<form action="/search" autocomplete="on" class="_20yS0" data-testid="SearchInput" method="get" role="search"><label class="t_1Ac" for="sideNav">Search</label><input type="text" class="_1dbZo _2EynA" data-testid="SearchInput-input" id="sideNav"
    maxlength="100" minlength="2" name="text" placeholder="Search The Australian Financial Review" required="" value="">
  <div class="_197OG"><button class="qehui" data-testid="SearchInput-submit-button" type="submit"><svg class="_1SIxy _3uGhX" aria-labelledby="search-title" focusable="false" height="1em" aria-label="Search" role="img" width="1em">
        <title id="search-title">Search</title>
        <use xlink:href="#icon-search"></use>
      </svg></button></div>
</form>

GET /search

<form action="/search" autocomplete="off" class="_20yS0 _2i3t5" data-testid="SearchInput" method="get" role="search"><label class="t_1Ac" for="companySearch">Search company by ASX code or name</label><input type="text" class="_1dbZo _2Xl61"
    data-testid="SearchInput-input" id="companySearch" maxlength="100" minlength="0" name="text" placeholder="Search ASX code or company name" required="" value="">
  <div class="_197OG"><button class="qehui" data-testid="SearchInput-submit-button" type="submit"><svg class="_1SIxy _3uGhX" aria-labelledby="search-title" focusable="false" height="1em" aria-label="Search" role="img" width="1em">
        <title id="search-title">Search</title>
        <use xlink:href="#icon-search"></use>
      </svg></button></div>
</form>

Text Content

Skip to navigationSkip to contentSkip to footerHelp using this website -
Accessibility statementExperience the AFR for half the priceSave 50% Now
 * Today's Paper
 * Markets Data
 * Events
 * Lists

 * Subscribe
 * Log in

MenuSearch
Newsfeed
Newsfeed
 * Log in

 * Home
 * Companies
   * Financial Services
   * Mining
   * Professional Services
   * Retail
   * Telecommunications
   * Energy
   * Healthcare & Fitness
   * Infrastructure
   * Transport
   * Media & Marketing
   * Gaming & Wagering
   * Manufacturing
   * Agriculture
   * Sport
   * Tourism
 * Markets
   * Equity markets
   * Commodities
   * Currencies
   * Debt markets
   * Markets Live
   * Markets Data
 * Street Talk
 * Politics
   * Federal
   * Canberra Observed
   * Federal Election
 * Policy
   * Carbon Challenge
   * Economy
   * Energy & Climate
   * Foreign Affairs & Security
   * Tax & Super
   * Health & Education
   * Public Service
 * World
   * North America
   * Asia
   * Europe
   * Middle East
   * Pacific
   * South America
   * Central America
   * Africa
 * Property
   * Residential
   * Commercial
 * Technology
   * Fintech
   * Start-ups
   * Social Media
   * Enterprise IT
   * Technology Reviews
 * Opinion
   * The AFR View
   * Chanticleer
   * Rear Window
   * Letters to the Editor
 * Wealth
   * Investing
   * Personal Finance
   * Superannuation & SMSFs
   * Tax
   * People
   * Rich List
   * Young Rich
   * Wealth Generation
 * Work & Careers
   * Careers
   * Workplace
   * Management
   * Education
   * Executive Education
   * Leaders
   * BOSS
   * Women of Influence
   * Power List
 * Life & Luxury
   * Travel
   * Cars, Bikes & Boats
   * Health & Fitness
   * Food & Wine
   * Fashion & Style
   * Arts & Culture
   * Design
   * LUXURY
   * AFR Magazine
   * Sophisticated Traveller
   * Life & Leisure

Close menu
Search
Search
 * Home
 * CompaniesExpand
 * MarketsExpand
 * Street Talk
 * PoliticsExpand
 * PolicyExpand
 * WorldExpand
 * PropertyExpand
 * TechnologyExpand
 * OpinionExpand
 * WealthExpand
 * Work & CareersExpand
 * Life & LuxuryExpand


MORE

 * Today's Paper
 * Markets Data
 * Events
 * Lists



Advertisement
AUDUSD0.7482
-0.0035 (-0.47%)-0.47%Toggle market snapshot
SPI 2007407.00
-3.00 (-0.04%)-0.04%
S&P/ASX 2007412.40
6.20 (0.08%)0.08%
All Ords7689.30
-0.60 (-0.01%)-0.01%
NZX 504828.40
-58.89 (-1.21%)-1.21%
Hang Seng21684.97
280.09 (1.31%)1.31%
Nikkei27943.89
-205.95 (-0.73%)-0.73%
View all
 * Federal budget


RECORD-LOW JOBLESS FIGURES TO DRIVE STRONG WAGE GROWTH

Tuesday’s federal budget will forecast a 3.75 per cent unemployment rate,
driving what the government says will be the strongest wages growth in a decade.


 * DEBT COSTS JUMP ON BUDGET SPEND


 * PRE-ELECTION CASH SPLASH POURS BILLIONS INTO MUST-WIN SEATS


 * THE MOST DANGEROUS ASPECT OF FRYDENBERG’S FORMULA


 * THROTTLE BACK BUDGET SPENDING AND BUILD SKILLS: CEOS

 * Federal budget


DEBT COSTS JUMP ON BUDGET SPEND

Three-year Australian government bond yields hit 2.4 per cent on Monday, the
highest level in eight years.

 * Opinion
 * Chanticleer


CONFLICT HANGS OVER ASX’S CHESS DELAY

Important governance issues are hanging over the project thanks to a strong past
connection between a non-executive director and a senior executive, writes Tony
Boyd.

 * Federal budget


PRE-ELECTION CASH SPLASH POURS BILLIONS INTO MUST-WIN SEATS

The government’s $17.9 billion infrastructure splurge is tilted to
Coalition-held seats and marginal electorates Scott Morrison must win at the May
election.

 * Casinos


THE STAR CEO MATT BEKIER RESIGNS; EXPERTS CALL FOR OTHERS TO FOLLOW

The resignation follows bombshell evidence of widespread misconduct at the
casino in an inquiry last week.

 * Opinion
 * Chanticleer


POLITICIANS DON’T WANT TO MEDDLE WITH SUPER

Superannuation was once a soft target for politicians trying to raise revenue.
They have backed off in the face of changed community perceptions, writes Tony
Boyd.

 * Federal budget


INFRASTRUCTURE SPEND ‘A RECIPE FOR PUSHING UP PRICES’

Governments should focus on finishing existing infrastructure projects rather
than adding new ones as building costs soar, says the Grattan Institute.

 * Opinion
 * Federal budget


THE MOST DANGEROUS ASPECT OF FRYDENBERG’S FORMULA

 * Explainer
 * Property market


WHAT IS RENT-TO-OWN AND DOES IT LET YOU BUY A HOUSE WITHOUT A DEPOSIT?

 * Analysis
 * Shares


WHY IS THE ASX BLOCKCHAINING EVERYTHING AT ONCE?

 * World markets


TRADING FLOORS FILL UP WITH SLEEPING BAGS IN SHANGHAI LOCKDOWN

The biggest news in politics, markets and business in your inbox as it breaks.

Sign up for breaking news alerts


STREET TALK


 * APOLLO GLOBAL RAMPS UP CAMP AUSTRALIA PURSUIT WITH DEBT PURCHASES


 * ROC PARTNERS RAISING SECOND FUND-OF-FUNDS, DOUBLES SIZE


 * FIRB APPROVAL A DRAG AT AXICOM


CHANTICLEER


 * POLITICIANS DON’T WANT TO MEDDLE WITH SUPER


 * CONFLICT HANGS OVER ASX’S CHESS DELAY


 * CAN MUMS AND DADS SAVE SHAREMARKETS?


REAR WINDOW


 * GPS SCHOOLS TURN TO ‘JUDICIAL PANEL’ TO ADJUDICATE REGATTA RESULT


 * WELL CONNECTED MICK FULLER ENDS UP IN CONSULTING


 * BANNERMAN’S URANIUM ROLLERCOASTER


Advertisement


FEDERAL BUDGET

 * Federal budget


CUT 30PC TAX ON BUILD-TO-RENT IN BUDGET, PROPERTY LEADERS SAY

Making taxation of build-to-rent investments for foreign investors the same as
hotels and student housing would help boost housing supply, the industry says.

 * Federal budget


INFRASTRUCTURE SPEND ‘A RECIPE FOR PUSHING UP PRICES’

Governments should focus on finishing existing infrastructure projects rather
than adding new ones as building costs soar, says the Grattan Institute.

 * Federal budget


THROTTLE BACK BUDGET SPENDING AND BUILD SKILLS: CEOS

Some CEOs say Australia needs to make a more concerted effort on pursuing
federal budget repair.

 * Federal budget


START-UPS DEMAND SKILLS SPENDING IN BUDGET TO FIX TALENT CRISIS

Plagued by the digital skills shortage, it’s no surprise that spending on talent
initiatives is top of the start-up sector’s wishlist for the budget.

 * Start-ups


STAFF SHARE OVERHAUL PAVES WAY FOR MORE START-UP SUCCESS: BASSAT

Venture capitalist Paul Bassat says proposed budget changes to employee share
schemes put Australia on a level playing field with Silicon Valley.


COMPANIES

 * Energy transition


SANTOS IS THE GOLD STANDARD OF TRANSITION INVESTING, TRIBECA SAYS

The comments, which may be controversial, come as shares in Santos rally amid
soaring energy prices. Santos shares are up more than 226 per cent since 2020.

 * Superannuation


AUSSUPER WANTS TO HIRE 50 FUNDIES IN LONDON

AustralianSuper will more than double the size of its UK office to use it as a
launchpad for global expansion.

 * Graduate jobs


WHAT IT TAKES TO GET A GRADUATE ROLE AT PWC AUSTRALIA

The firm will take on a record 817 graduates this year and intends to hire about
900 next year.

 * Harassment


QANTAS INSTRUCTOR UNFAIRLY SACKED FOR STARING AT STAFFER’S CHEST

A Qantas safety instructor sacked for allegedly looking at an employee’s breasts
“for 10 seconds” during training has won his job back and full backpay.

 * Opinion
 * Chanticleer


BEKIER WON’T BE THE STAR’S LAST CASUALTY

Matt Bekier’s decision to take accountability for Star’s risk and governance
failures is unlikely to stop regulators demanding a much broader overhaul. 

 * Casinos


THE STAR CEO MATT BEKIER RESIGNS; EXPERTS CALL FOR OTHERS TO FOLLOW

The resignation follows bombshell evidence of widespread misconduct at the
casino in an inquiry last week.

 * Governance


ASX REJECTS NEW CONCERN ON CHESS OVERSIGHT AMID DELIVERY DISASTER

Market participants described ASX’s latest blockchain delay as annoying and
frustrating, as they worried about rising costs and a lack of information.


COMPANIES IN THE NEWS

All Companies


SEARCH COMPANIES

View stories and data from an ASX listed company

Search company by ASX code or name
Search


MARKETS

 * Shares


BHP LEADS ASX TO SMALL GAIN

The S&P/ASX 200 index added just 6.2 points or less than 0.1 per cent to 7412.4;
BHP Group rose 2.3 per cent to $50.92.

 * Opinion
 * Chanticleer


CAN MUMS AND DADS SAVE SHAREMARKETS?

Retail investors have proved resilient so far this year. Record levels of
household wealth here and in the US could provide further support for stocks. 

 * Monetary policy


RBA FACES FRESH PRESSURE TO LIFT RATES ON BUDGET SPENDING

Economists worry new fiscal stimulus could boost inflation for an economy
already grappling with rising consumer prices.

 * Sharemarket


GLOBAL EQUITIES DEFY BOND MARKET CHAOS

The sell-off of government bonds in March has coincided with an unlikely rally
across equity markets, led by Australia’s benchmark index.

 * Analysis
 * Shares


WHY IS THE ASX BLOCKCHAINING EVERYTHING AT ONCE?

The ASX’s determination to ‘blockchain’ its clearing and settlements business is
admirable, but it’s confusing as to why they’ve decided to overhaul everything
at once.


OPINION

 * The Star Entertainment Group


STAR’S PUNISHMENT NEEDS TO FIT THE CRIME

Surely gaming companies must be properly penalised by losing the casino licences
they have proved unsuitable to hold.

The AFR View

Editorial

 * Federal budget


SPENDING IN THIS BUDGET WILL CERTAINLY BE TARGETED – AT RE-ELECTION

The budget is supposed to be about the long-term future. It’s really about the
government’s short-term future. Labor will back it – and add spending of its
own.

Jennifer Hewett

Columnist

 * Federal election


DON’T ORDER SYMPATHY CARDS FOR MORRISON JUST YET

It is still possible for the Prime Minister to thread the electoral needle, even
from the dire position he occupies today.

John Black

Contributor

 * Mortgage brokers


CHAIRMAN ‘DISHONEST’, MD ‘LIED’: SCATHING CONNECTIVE DECISION

The mortgage broking industry is reeling after a judgment against the country’s
biggest aggregator could change ownership from Macquarie to Liberty Financial.

Adele Ferguson

Investigative journalist and columnist

 * Childcare


WOMEN ARE LEFT HOLDING THE POLICY BABY

Making it worthwhile for graduate mothers to work is not middle class welfare --
it is the only sane approach to childcare.

Craig Emerson

Columnist

 * Russia-Ukraine war


BIDEN’S INCONVENIENT TRUTH ON PUTIN

Washington’s uncompromising tone risks exposing Western divisions over how to
end the war in Ukraine.

Edward Luce

Columnist


Advertisement


POLITICS

 * Federal election


REX PATRICK TALKS TO HOLMES À COURT ABOUT POSSIBLE LOWER HOUSE TILT

Weighing his future ahead of the federal election, the crossbencher discussed
support from the cashed up Climate 200 group

 * Courts


WA ATTORNEY-GENERAL TO BE QUIZZED ON ‘MISTAKES’ IN PALMER EVIDENCE

The state’s Attorney-General, John Quigley, will testify again in the defamation
trial involving the mining billionaire Clive Palmer and Premier Mark McGowan

 * Analysis
 * Political leadership


NSW LIBERALS ARE AGHAST AT MORRISON’S TAKEOVER

Upset at being denied the right to choose parliamentary candidates, Liberals
booed Immigration Minister Alex Hawke at the weekend.

 * Need to Know


FLOOD-RAVAGED TOWNS BRACE FOR MORE HEAVY RAIN

The SES is preparing aircraft for more flood rescues in NSW; Daniel Andrews
isolating after contracting COVID-19; Kristina Keneally says the best way for
Labor to honour Kimberley Kitching is with an election victory. Follow updates
here.

 * Opinion
 * Federal election


DON’T ORDER SYMPATHY CARDS FOR MORRISON JUST YET

It is still possible for the Prime Minister to thread the electoral needle, even
from the dire position he occupies today.


SPONSORED




WORLD

 * Coronavirus pandemic


NEW ZEALAND POPULATION TO SHRINK AFTER BORDERS REOPEN

The country could lose as many as 20,000 people by the end of the year, a net
migration outflow not seen since 2011, economists said.

 * Analysis
 * Russia-Ukraine war


OLIGARCHS, POWER AND PROFITS: BP’S WILD RIDE IN RUSSIA

The oil major’s journey in Russia is about more than corporate history: it’s
also the story of the West’s urgent courtship of Russian business and how it all
went wrong.

 * China relations


SPECTRE OF ‘INDO-PACIFIC NATO’ ACCELERATES CHINA’S DECOUPLING

Xi Jinping’s diplomats argue that US-led alliances are as much a threat to
Beijing as Moscow.

 * Russia-Ukraine war


BIDEN BACKTRACKS AFTER RUSSIA REGIME CHANGE GAFFE

French President Emmanuel Macron led a chorus of disapproval following his US
counterpart’s comments, in which he also called Vladimir Putin a ‘butcher’.

 * Coronavirus pandemic


TESLA TO SUSPEND PRODUCTION AT SHANGHAI PLANT

A surge in COVID-19 cases in the city has forced the company to make the
difficult call amid a tightening of government restrictions.


PROPERTY

 * Property market


HIGHER RATES, PROPERTY PRICES MAY DENT DEMAND FOR HOME BUYER SCHEME

The prospect of rising interest rates and peak property prices could lead to
lower uptake of the government’s extended Home Guarantee scheme.

 * How it sold


AFTER 10-YEAR WAIT, GRANDMOTHER BUYS NEXT TO DAUGHTER

A house in Sydney’s southern suburbs attracted two very different types of buyer
– but only one had the financial power to keep going in a long-fought auction.

 * Luxury property


CELEBRITY HAYNE WITNESS LISTS $5M HOLIDAY HOME

Sam Henderson has kept a fairly low profile in recent years, but his investment
savvy has re-emerged as his Southern Highlands retreat has hit the market.

 * Property market


THE SUBURBS MOST AT RISK AS SEAS RISE

More than 22,000 houses and apartments worth $25 billion are exposed to high
coastal risk as sea levels rise faster, shorelines retreat further and extreme
weather events become more frequent, CoreLogic estimates.

 * Property market


MORNINGTON MANSION SELLS FOR $1M LESS THAN LAST YEAR’S $12M OFFER

The national residential property market is expected to ‘languish’ through lower
auction clearance rates until after the federal election in May.


Advertisement


WEALTH

 * Philanthropy


‘MODEST’ FORMER ACTRESS GIVES $45M TO LATROBE UNI

Olga Tennison’s bequest is one of the largest single gifts to an Australian
university in history and will fund La Trobe’s autism research centre in
perpetuity.

 * Opinion
 * Renewables


VITAL TO AVOID ‘GREENFLATION’ AS COST OF AVOIDING CLIMATE DOOM

While policymakers had hoped cost increases from climate policies would be
offset by productivity increases in green technologies, pandemic lockdowns
showed otherwise.

 * Opinion
 * Investing


WHY IT’S NOT ALWAYS WORTH TRYING TO HEDGE AGAINST GEOPOLITICAL RISK

Financial markets have a history of taking geopolitical events in their stride
and a portfolio diversified across different asset classes is a strong
alternative.


TECHNOLOGY

 * Mergers & acquisitions


QUADRANT SCORES 8X RETURN AS SINGTEL’S NCS BUYS ARQ FOR $290M

PE fund Quadrant has made an 8x return on its 2020 acquisition of Arq Group,
after Singtel’s NCS acquired the company for $290 million.

 * Opinion
 * Review


I LOST MY ARM IN THE METAVERSE FOR THREE DAYS

VR can be an incredibly immersive place to meet with colleagues and share and
discuss content – even if your avatar is missing a limb, writes John Davidson.

 * Analysis
 * Shares


WHY IS THE ASX BLOCKCHAINING EVERYTHING AT ONCE?

The ASX’s determination to ‘blockchain’ its clearing and settlements business is
admirable, but it’s confusing as to why they’ve decided to overhaul everything
at once.


WORK & CAREERS

 * Professional moves


FORMER NSW POLICE COMMISSIONER MICK FULLER TO JOIN PWC AS PARTNER

Mr Fuller will help advise the firm’s clients about how to improve public safety
in their operations and on how to drive change through their organisations.

 * Engineers


ENGINEERS DROUGHT WILL STIFLE INFRASTRUCTURE BOOM

Skill shortages are a big national challenge and few are as critical as the
shortage of engineers.


Advertisement


LIFE & LUXURY

 * Style


MISSED THE OSCARS RED CARPET? IT’S A SHORT STORY

At the first in-person ceremony since 2019, few trends emerged, but one thing
was clear: there are no red carpet rules any more.


THE BEST LOOKS FROM OSCARS 2022

Stars walked the red carpet at the first in-person Academy Awards since 2019.
These are the best red-carpet looks from Oscars 2022.

 * Film awards


‘CODA’ BEST FILM, AS JANE CAMPION WINS DIRECTORS OSCAR

The New Zealand native joins Kathryn Bigelow and Chloe Zhao as the only women to
have received the honour for directing, a field still dominated by men in
Hollywood.

 * Opinion
 * Hotels


THIS FIVE-STAR DOCKLANDS HOTEL RAMPS IT UP

The once industrial area west of Melbourne’s city centre is not considered a
traditionally glamorous stay option. Marriott is looking to turn that around.

 * Time Out Q&A


FOR THIS CEO, GETTING CHOKED IS JUST PART OF JU-JITSU’S FUN

Dale Brett, of engineering software developer FL0, says mastering the martial
art is a slow and occasionally painful process, but he relishes the challenge.


MOST VIEWED


 1. MARIUPOL ON VERGE OF CATASTROPHE WITH 160,000 TRAPPED


 2. QANTAS INSTRUCTOR UNFAIRLY SACKED FOR STARING AT STAFFER’S CHEST


 3. ASX ENDS HIGHER; BLOCK, XERO LEAD TECH DECLINE


 4. ‘MODEST’ FORMER ACTRESS GIVES $45M TO LATROBE UNI


 5. CARNAGE IN BOND MARKETS AS INVESTORS PREPARE FOR NEW WORLD ORDER


 6. BIG FOUR BANKS SLASH MORTGAGE RATES BEFORE INTEREST RISES


FROM THE GALLERY


DAVID ROWE CARTOONS FOR MARCH 2022

Mar 28, 2022View more editorial cartoons


THE AUSTRALIAN FINANCIAL REVIEW MAGAZINE


HOW TO BURN (TO PERFECTION) A HOT NEW RESTAURANT’S SIGNATURE DISH

 * Jill Dupleix


 * THE FASHION SCHOOL DROPOUT SHAKING UP COUTURE


 * WHAT THE SCIENCE SAYS ABOUT MICRODOSING


BOSS FINANCIAL REVIEW


FROM DAN MURPHY CASUAL TO RUNNING THE COMPANY

 * Simon Evans


 * MEET THE CEO WITH A PHOTOGRAPHIC MEMORY


 * THE BEST ADVICE I EVER RECEIVED: ‘YOU CAN ONLY DO THREE THINGS WELL’


LIFE & LEISURE


MISSED THE OSCARS RED CARPET? IT’S A SHORT STORY

 * Lauren Sams


 * WITH A HEATED ROOFTOP POOL, THIS FIVE-STAR DOCKLANDS HOTEL RAMPS IT UP


 * FOR THIS CEO, GETTING CHOKED IS JUST PART OF JU-JITSU’S FUN


RICH LIST


WHY RICH LISTER TIM GURNER TACKLES HIS JOB LIKE A PROFESSIONAL ATHLETE

 * Patrick Durkin


 * RICH LISTER TERRY SNOW BACKS FOUNDERS WHO’VE LIVED THEIR PROBLEMS


 * PORT MACQUARIE HOTEL ‘TOO GOOD TO REFUSE’: LAUNDY

The Australian Financial Review

The Daily Habit of Successful People

 * Twitter
 * Instagram
 * LinkedIn
 * Facebook


MY ACCOUNT


MY ACCOUNT

 * Login


SUBSCRIBE


SUBSCRIBE

 * Subscribe
 * Corporate subscriptions
 * Student subscriptions


ABOUT US


ABOUT US

 * Products & services
 * Editorial team
 * History
 * Careers
 * Announcements
 * Platinum Year


CONTACT


CONTACT

 * Support
 * Letters to the editor
 * Submit a story
 * Advertise
 * FAQs


MAGAZINES


MAGAZINES

 * AFR Magazine
 * BOSS
 * LUXURY
 * Life & Leisure
 * Sophisticated Traveller


COLUMNS


COLUMNS

 * Chanticleer
 * Street Talk
 * Rear Window
 * The AFR View


MARKETS DATA


MARKETS DATA

 * Australian Indices
 * World Indices
 * Commodities
 * Bonds & Currencies
 * Companies index
 * Markets Data FAQs


LISTS


LISTS

 * Rich List
 * Power List
 * Young Rich
 * Women of Influence


EVENTS


EVENTS

 * Business Summit
 * Property Summit
 * Retail Summit
 * CFO Live
 * AFR Inside Markets
 * Banking Summit
 * National Infrastructure Summit
 * Super & Wealth Summit
 * Energy and Climate Summit
 * Higher Education Summit


OUR NETWORK


OUR NETWORK

 * The Sydney Morning Herald
 * The Age
 * Brisbane Times
 * WAtoday
 * Domain
 * Drive


TERMS AND CONDITIONS


TERMS AND CONDITIONS

 * Accessibility
 * Subscription Terms
 * Privacy Policy
 * Terms of Use
 * Reprints & Permissions

 * © Copyright 2022 The Australian Financial Review
 * Site Map