Good morning, The Australian government has put China on notice that it will take more action to protect the national interest when it comes to a strategically important rare earths project in Western Australia. Banks have lobbed alternative proposals to Treasury as it consults on a $350m levy to keep rural branches open, with the industry clashing on the prospect of a collective “pot” that benefits just two or three lenders. An ambitious property developer from Melbourne with investments in luxury projects spanning Queensland’s Port Douglas to Italy’s Venice has lost a fight to control his troubled fund , with creditors voting for the company to be liquidated. |