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Austrac has been drafted in to help fight the war on illegal tobacco , using its cutting edge intelligence and monitoring systems to track hundreds of millions of dollars in cash generated by crooks.

Meanwhile, it has been revealed the initial cost of producing green hydrogen from Australia’s two largest projects will be more than four times the price of rival energy sources, posing a fresh setback for Labor’s bid to deliver a major new export industry by 2030 and meet net-zero goals.

And ASIC is aiming to boost the number of companies floating on Australia’s sharemarket with a two-year trial that makes it faster to take a business public.