@FinancialReview

For 70 years, The Australian Financial Review has been the authority on business, finance and political news in Australia.

 Australia
afr.com/
Joined January 2009
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13.9KMedia
The case of a $500,000 inheritance left by a father to his chronically ill adult son reveals how family provision claims are "ultimately about adequacy, not generosity". ebx.sh/RMsfF3

He left his son 2pc of a $25 million estate – a court had other ideas

The NSW Supreme Court overruled Nicola Iacovazzi’s detailed estate plan to prevent his chronically ill son from having to rely on government support.

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Haruhisa Handa will no longer be patron-in-chief of the performing arts giant after disagreements over funding and programming. ebx.sh/99mcy4

Billionaire drops Opera Australia, backs regional festival

Japanese mogul Haruhisa Handa will no longer be patron-in-chief of the performing arts giant after a funding disagreement.

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Labor should grandfather existing trusts and apply the reforms only to new trusts. As lawyer Mark Fowler writes: "The reform’s administrative burden, transaction costs and tax implications mean that this is the only certain path to preserving existing philanthropy." ebx.sh/IuM1Dm

Both the Greens and Labor’s trust stances could cost charities

Rather than accelerate this process of civic atrophy, existing trusts should be grandfathered and the reforms applied only to new trusts.

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One Nation leader Pauline Hanson has defended a new episode of the Please Explain cartoon that ridicules the independent senator's medical condition. Read more on our live blog: ebx.sh/NZABSx
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The $21 billion investment powerhouse has linked a poor year of returns to rising interest rates and the ASX's reduced exposure to the AI trade. ebx.sh/2Lwc8V

Regal’s hedge fund dives 19pc in a tough year for the ASX

Phil King’s hedge fund has linked a poor year of returns to rising interest rates and the Australian sharemarket lagging other more tech-heavy global indices.

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President Emmanuel Macron will spend the final seven months of his term desperately trying to stop France from tearing itself apart as rising living costs and economic discontent destabilise the nation. ebx.sh/leUWzn

French riots torch the remains of Macron’s presidential legacy

Instead of celebrating his mandate, the French president will spend the final seven months of his term desperately trying to stop the country tearing itself apart.

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In a slow market, vendors will do anything they can to make a property sale more likely – even if that means delaying an auction. ebx.sh/nrGZ1q

Couple sells for $1.79m, buys across the road two days later

In a depressed market, vendors will do what they can to make a sale more likely. They will even delay an auction to ensure a potential buyer can make it.

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Gross profit for the Chinese EV manufacturer surged to $137.9 million, up from $38 million the previous year. ebx.sh/NR3Rre

Chinese EV giant BYD more than triples local sales to $2.4b

The Chinese electric vehicle group’s record financial results came before conflict in the Middle East sent fuel prices to near-record highs.

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A group of well-known Australian investors and data centre specialists have funded Astor, a company with ambitious plans for Europe. ebx.sh/QHREU5

Forget Firmus, these Australians have big plans to build data centres across Europe

A group of well-known Australian investors and data centre specialists have founded and funded Astor, a new company with ambitious plans for European cities.

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Corporate leaders are spending thousands of dollars per month on comprehensive health tests to manage stress, fatigue and improve workplace performance. ebx.sh/cdWc3h

Inside the new $5000 a month C-suite biological coaching trend

Performance coaches are using comprehensive health testing to help executives boost their energy levels and avoid workplace burnout.

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A higher tax on 'carried interest' will hit an estimated 90 per cent of the domestic venture capital and private equity industry. ebx.sh/u4J5TW

Shock 47pc retrospective change wipes out private equity’s tax break

Fund managers and tax advisers are lobbying for the increase to be reversed, as One Nation steps up its campaign against Labor’s capital gains and trust changes

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Australia is failing to raise sufficient revenue to meet growing fiscal demands. As Grattan Institute chief executive Aruna Sathanapally writes, raising the GST to 15 per cent would fund personal income tax cuts and bolster state budgets. ebx.sh/eYb2jt

Frydenberg is right. Raise the GST and cut income tax

It’s time for Australia to raise and broaden underutilised consumption taxes. Here’s how we can do that.

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Stubborn inflation and rising interest rates are battering household budgets, with only Chile and Belgium recording sharper declines in consumer sentiment. ebx.sh/rannQm

Australian consumer confidence falls faster than almost anywhere

Stubborn inflation and rising interest rates are battering household budgets, with only Chile and Belgium recording sharper declines in consumer sentiment.

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New analysis reveals that Victoria's interest bill, which topped $7.9 billion last financial year, already exceeds spending on roads, emergency services and public transport. ebx.sh/DaKWO3

Victoria’s interest bill to eclipse school spending by 2030

Borrowing expenses already exceed spending on roads, police and ambulance services, and are closing in fast on total hospital expenditure.

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Victoria finally has an anti-corruption commission with teeth. But it has taken a long time, many IBAC investigations and three Labor premiers for the state to get to this point. ebx.sh/oF94pQ

How ‘cartel party’ rule pushed Victoria to breaking point

Victoria finally has an anti-corruption commission with teeth. It has taken a long time, several investigations, and three Labor premiers to get to this point.

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Meta’s Muse AI assistant has unseated ChatGPT in the US app charts, recording over five million downloads in just 22 days. ebx.sh/DjW2MO

Meta claims to have caught up with AI leaders, but can it be trusted?

Mark Zuckerberg says Muse Wonder rivals Anthropic, OpenAI and Google, but with a movie laying bare his company’s ethical shortcomings, will business have faith in its agents?

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Remain discretionary, roll over into a company or make an election? We asked tax experts which option could be the "least bad" for your circumstances. ebx.sh/8M10KT

Family trusts get one chance to beat the 30pc tax: your options

Remain discretionary, roll over into a company, or make an election? Here’s the experts’ advice on which path could be the “least bad” for your circumstances.

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Lifestyle brand Bellroy will launch its first physical stores in Melbourne, Sydney and New York, as part of a broader plan to open 20 global locations within five years. ebx.sh/daFKSh

Bellroy outlasted other Millennial brands. Now it is opening stores

The lifestyle brand will open its first store in Melbourne, followed by a Sydney store and two in New York next year.

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Clean Energy Finance Corporation chief executive Paul McCartney says the green bank will play a pivotal role in financing large-scale wind farm developments. ebx.sh/F871wF

Government green bank prepares to step in for stalled wind projects

New chief executive Paul McCartney says the Clean Energy Finance Corporation is pivoting back to help break a drought in projects needed to replace coal power.

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New data from the ASX and Morningstar reveal that the average investor earns an annual median income of $110,000 and holds a portfolio worth $130,000. ebx.sh/eE3fd8

What 97,000 portfolios tell us about how Australians invest

Data from the ASX and Morningstar reveals how Australians build ETF-led portfolios, manage tax, and avoid active trading traps.

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