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Good morning,

Slugging residents of retirement villages with deferred management fees upon their departure will become harder for land lease operators after a Victorian tribunal ruled against Lifestyle Communities’ hefty bills.

Meanwhile, embattled West Australian miner Mineral Resources has put the focus on balance sheet repair and potential asset sales as two new directors join its governance rehabilitation mission. 

And Qantas and the Australian Federal Police are seeking to validate contact from a “potential cyber criminal” following the June 30 ­attack on a customer service database used by the airline’s Manila call centre.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Heavy hitters back $50m VC fund
Some of SA’s most successful entrepreneurs are backing a new $50m venture capital fund set up to invest in Australia’s ‘underserved markets’ from Adelaide.
2
Japan, South Korea, Malaysia hit with 25 per cent tariffs
Donald Trump warned the three nations the 25 per cent may be adjusted upward or downward ‘depending on our relationship with your country.’
3
Unions win landmark test case against BHP for ‘same job, same pay’
Fair Work rejects the mining giant’s opposition to pay rises in a test of the Labor government’s laws encouraging equal pay for labour-hire workers doing the same job as the directly employed.
Editor's picks
ENERGY
SA firm trumps the big boys in monster $100m BHP payday
A family-owned SA trucking company has outbid major transport operators to secure $100m in new contracts with mining giant BHP.
By GIUSEPPE TAURIELLO
MARGIN CALL
Fees tiff throws Platinum spanner into L1’s takeover machinations
L1 Capital’s move on Platinum Asset Management faces an early skirmish over fees and performance that threatens to derail its bigger plans.
By NICK EVANS
Commentary
‘Irreconcilable’: Star’s hold on Brisbane is slipping away
By ERIC JOHNSTON
Associate Editor
Some big names emerged when the call was made for a new casino operator to take over from Star. Now, the backers of Brisbane’s Queen’s Wharf are keen to get moving with a split.
DataRoom
Surging gold price prompts buyout interest in Vault Minerals
At least two foreign parties are believed to be interested in a potential buyout of $2.8bn gold miner Vault Minerals.
Making hay while the sun shines on old solar
A growing number of investors, backed by the super fund industry, is putting money into businesses which replace outdated solar panels or the panels and turbines for wind farms
Pepper Group’s co-founder moves to Blackstone
After 14 years with Pepper Financial Services Group, its co-founder has taken up the role of senior managing director with Blackstone Group.

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