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Good afternoon,

The receivers of struggling Healthscope have reached a rent-cut deal with David Di Pilla’s HMC Capital, which will ease pressure on the group as its facilities are sold off.

Meanwhile, learn now despite the growing angst over Labor's new tax on super, the reality may be that wealthy superannuants won't be hit as hard as you think.

And meet Lee Yang, the mysterious Chinese-born founder who everyone is talking about, as he turns Australians’ love affair with trendy skincare into a $200m empire.

Vesna Poljak
Business Editor
The markets


Commentary
Why Australia’s spending gap on R&D is a travesty
By JOHN DURIE
Columnist
Australia isn’t living up to its investment potential says Australia-based Tesla chair Robyn Denholm, and the lack of focus on this is a significant concern.
Latest news
Son’s pledge to keep winemaking philanthropist’s legacy thriving
Entrepreneur, philanthropist and winemaker Peter Teakle taught his son that if you’re the smartest person in the room then you’re in the wrong room and today Ben is determined to carry on his larger-than-life father’s legacy.
By DAMON KITNEY
Regulator crackdown on northern casinos’ anti-criminal compliance
Two northern Australian casinos have been ordered by financial crimes watchdog Austrac to appoint external auditors over concerns anti-money laundering controls aren’t strong enough.
By GLEN NORRIS
The looming tax squeeze for property investors
Property investors are facing an unprecedented double taxation on imaginary profits thanks to the combination of the new super tax and state-based schemes.
By JAMES KIRBY
LAWD director’s Ulupna Island pastoral dream picked off by CBRE
The sale of LAWD director Danny Thomas’ Ulupna Island Station on the Murray River comes amid speculation of a chill between him and co-investor ROC Partners after he lost $15m in would-be cattle baron Sam Mitchell’s collapse.
By DAVID ROSS
Beware of these tax traps before June 30
Early June is the time to start taking tax seriously if you want to grab the biggest deductions and avoid an ATO audit.
By ANTHONY KEANE

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