🗞️ 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

CHART OF THE DAY

The suburbs with the highest fertility rate in Sydney in 2024

ONE MORE SCROLL

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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

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ANSWER

Bubblegum


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