Good morning,

A government-appointed review has called for a suite of regulatory responses after finding Singapore-owned Optus failed to grasp the scale and severity of a massive network outage last year.

Star Entertainment executive chair David Foster has made a sudden departure from the troubled casino operator with board colleague Deborah Page accusing him of fuelling an acrimonious relationship with the regulator, the Bell II inquiry has heard.

Lawyers representing four executives working for Super Retail Group claim an external informant has come forward with new details of an affair between its CEO and human resources boss, claiming its board were aware of the secret relationship as far back as December.

Five things to know this morning

1. Local shares may waver after Wall Street edges up as Tesla jumps and investors await this week's Federal Reserve meeting.
2. Qantas is making twice as much revenue as Virgin Australia on the lucrative Melbourne to Sydney route, raising questions over the airline’s mid-market strategy as it continues to search for a new CEO to replace Jayne Hrdlicka.
3. A deep-fake Facebook video ad showing former ASX boss Dominic Stevens promoting an “ASX Stock Market chat” remains on the platform despite being reported to the social media giant.
4. Crown Resorts will slash up to 1000 jobs across the group after a sharp drop in tourists as well as gaming restrictions hit its key properties in Sydney and Melbourne. 
5. Cost and margin pressures, the war for talent, cyber security and cost of living challenges are the top concerns of mid-market businesses, KPMG Enterprise's pre-budget pulse check survey has found.