Good morning, The Victorian government’s $2bn venture capital fund is facing allegations that its executives threatened the former CEO of one of its investment companies “personally” before he was sacked, explosive Federal Court documents reveal. Meanwhile, four weeks on from the latest inquiry into the Australian Securities & Investments Commission, industry and political leaders say the corporate regulator should be split but any successor must be supported in fighting financial crime. And billionaire Kerry Stokes-backed Beach Energy was the worst performer on the ASX 200 after revealing it had racked up a $475m annual loss, was facing project delays and lower-than-expected gas reserves. |