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🗞️ Grave concerns
Plans to covert a golf course into a cemetery have faced backlash from a local MP, calling the plans “short-sighted”.
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Good morning. Plans to covert a golf course into a cemetery have faced backlash from a local MP, calling the plans “short-sighted”. This comes at the forefront of a broader trend of declining burial availabilities.
Let’s hope that one day when you become a ghost, you might still be able to play golf with your friends.
All the headlines and more below...
AUSTRALIAN NEWS
Cyber attacks surge during weekends across Australia

50% of cyberattacks in Australia occur on weekends. LINK
Financial advisers now require minimum annual fees of $3,000 as access to financial advice becomes harder for average Australians. LINK
Australia's labour productivity has stagnated to FY16 levels as national discussions focus on innovation and economic competitiveness. LINK
Women now comprise 50% of NSW hoteliers, up from 7% in 1992, demonstrating increasing gender diversity in the pub industry. LINK
A $100,000 parental gift can generate $2M more in lifetime wealth as intergenerational inequality grows in Australia's housing market. LINK
COMPANY NEWS
NAB sees $130 million cost increase to fix staff underpay issue

NAB has flagged a $130M expense increase after discovering staff underpayment issues during a payroll review whilst reporting third-quarter cash earnings of $1.77B. LINK
Qantas has been ordered to pay a record $90M penalty for illegally sacking 1,820 ground staff in 2020, with $50M to be paid to the Transport Workers Union. LINK
oOh!media reported an $11.3M first-half loss due to a $30M impairment while revenue increased 17% to $336.2M. LINK
AWS is launching a $20B initiative to teach 1M Australian students AI skills through Code for Schools. LINK
PepsiCo Australia faces a potato shortage as domestic frozen chip manufacturing drives up costs. LINK
CBA has partnered with OpenAI whilst maintaining Anthropic ties to enhance fraud prevention and operational efficiency. LINK
BlueScope reported an annual net profit of $83.8M following a $439M write-down on its coated products business. LINK
Lendlease has returned to a $225M profit from a $1.5B loss whilst forecasting a 45% earnings drop for FY26. LINK
Ampol's half-year net profit has decreased 23% as the company calls for changes to government refinery support. LINK
Google has agreed to pay a $55M fine after admitting to anti-competitive deals with Telstra and Optus that required exclusive pre-installation of Google Search on Android phones between 2019 and 2021. LINK
BlueScope Steel reported a 90% drop in annual profit to $84M, impacted by US tariffs and a $438.9M writedown on its US metal coatings unit. LINK
A2 Milk reported a 21% jump in full-year profit to NZ$202.9M and announced the acquisition of Yashili New Zealand Dairy Co for NZ$282M to expand its manufacturing capabilities. LINK
ONE MORE SCROLL
Editor’s Pick: How to escape the “dopamine crash loop” and rewire your curiosity.
Draft Pick: Khamzat Chimaev beats Dricus De Plessis in a dominant unanimous decision victory to claim the UFC middleweight belt.
Odd Pick: ‘Blood for Bud’ campaign trades cannabis for blood donations.
TOGETHER WITH

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TRIVIA

Which popular vape flavour was banned in many countries due to its appeal to young people?
a) Menthol
b) Bubblegum
c) Coffee
d) Tobacco
Answer below