Peter Malinauskas compares spending $45 million to redevelop the North Adelaide golf course to similar funding for the AFL to play in the Barossa Valley, as media reports suggest Saudi Arabia's Public Investment Fund is preparing to pull financial support for LIV Golf.
Mining magnate Gina Rinehart proposed offering Queensland islands to Elon Musk for satellite launches and microchip manufacturing. The idea received mixed reactions, with tourism groups citing environmental concerns and business groups calling for feasibility studies.
Two earthquakes, magnitudes 3.4 and 3.2, shook western NSW, Australia. The larger tremor near the Newmont Cadia Gold Mine caused temporary suspension of underground operations for safety inspections, marking the second disruption in nine weeks. No injuries were reported.
KPMG Australia is under scrutiny in a parliamentary hearing over allegations of misusing confidential client information, including data from Lendlease, to win new business. The firm's defiance in handing over documents and the resignation of key executives mark a dramatic turn.
Virgin Australia has extended the expiry date for COVID-19 flight credits from June 30 to late May 2027, following pressure from customers and consumer advocates. While credits must still be spent by June 30, the travel period is now significantly longer. The airline holds approximately $93 million in unclaimed credits.
KPMG Australia is under scrutiny in a Senate hearing regarding allegations of misusing confidential client information. Lendlease CEO Tony Lombardo and chairman John Gillam are among the witnesses. KPMG has refused to hand over documents to a parliamentary committee.
Virgin Australia has extended the expiry date for travel booked using COVID-19 flight credits to late May 2027, following customer and consumer advocate pressure. Customers must still spend credits by June 30, but can now fly later. The airline held $93 million in unclaimed credits.
