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The Australian Business Review
 

Good morning,

The boss of one of the nation’s largest superannuation funds says Australia must move “very quickly” in the coming five years if it is to meet its 2030 green targets, with super returns under threat if the climate transition fails to ­accelerate.

The government’s centrepiece policy of using taxpayer funds to underwrite the development of 32GW of new renewable energy generation and storage will lure a plethora of proposals but threatens to slow the rollout of much-needed developments, industry officials have warned.

AMP chief executive Alexis George says more work needs to be done on measuring the impact of first home buyers accessing their super savings before any decision is made on unlocking nest eggs.

Perry Williams
Business editor
The markets


Making news this morning
1
Muzinich positioned to save Public Hospitality Group
Lenders are now thrashing out the final components of a debt rescue deal for Jon Adgemis’ pub group.
2
Business failures driving surge in personal insolvencies
The worst rate of business failures since the GFC and cost of living pressures are resulting in a growing number of Australians becoming bankrupt.
3
Clough bondholders’ clever plan to recover money
Insurers of Clough are within sight of recovering their cash after the sale of the collapsed engineering firm’s most reliable business.
Editor's picks
MEDIA DIARY
No Tim-Tams for Tingle
There’s a time and a place for everything, but for one under-fire ABC journalist, last week wasn’t the best time to hit the newsroom floor for a cuppa with staff.
By JAMES MADDEN, SOPHIE ELSWORTH
SPORTS BUSINESS
Supercars seeking new investors to fund expansion
The motor racing series wants to expand, but its private owners are likely to need more outside capital in order to grow.
By JOHN STENSHOLT
COMPETING BIDS
Veteran banker pulls $8m Bellevue Hill penthouse from auction
The national clearance rate dipped this week, as more than 20 NSW luxury homes failed to find buyers.
By JONATHAN CHANCELLOR
Commentary
How can companies live beyond 100 years?
By ERIC JOHNSTON
Associate Editor
Longevity in organisations is rarer than you think. Here are some of the habits of healthy old companies.
Merger reforms will hobble process
By JOHN DURIE
Columnist
Big business lawyers have smartly begun warning about the practical impact of proposed competition law changes.
Dataroom
Madison Dearborn sweetens $1.3bn APM takeover bid
APM’s biggest shareholder Madison Dearborn is set to sweeten its offer for company that is the nation’s biggest healthcare workforce provider.
Loscam sounding out buyers for $2bn sale
The pallet pooling company is understood to have quietly launched the sale process for is Asia Pacific business ahead of a possible $2bn-plus deal.
Molycop weighing up return to the bourse
The mining materials processor was on the runway for an IPO in 2023, before pulling out due to volatile market conditions.