Brookfield’s make-up artists are hard at work. They’ve taken “coal” out of the title, hired every broker in town to flog the thing and, in the most telling move, are rushing to get the deal done before the end of the year. Michael West reports on the ASX float of Dalrymple Infrastructure, which looks set to siphon off Aussie cash to an offshore haven, with yield-hungry retirees paying the price.Coal Deal in Distress: desperate Dalrymple’s dodgy debt dump – Michael West
New Zealand and the US compile public registers to ensure their Jobkeeper-type subisidies are not rorted by businesses. But no such transparency for Australians. As the Government singles out bureaucrats such as Australia Post chief Christine Holgate for corporate excesses, Tasha May shines the torch on pandemic rorting at the top end of town. JobKeeper is the single largest piece of government spending in the country’s history. Yet despite taxpayer funding this hundred billion dollar wage subsidy, there is no public database to see whether JobKeeper is being used appropriately. From the limited information that has come to light, it seems clear that it is not. A report from governance advisory service Ownership Matters reveals four kinds of appalling activity by business.BossKeeper: how JobKeeper lined the pockets of top ASX directors, executives and shareholders – Michael West
I WORKED AS a prison officer in a maximum security prison from 2010-2013. In that time, I met a lot of criminals. I left that job because I had an opportunity to pursue a career investing in the Australian stock market. I did so thinking I was leaving behind a world of criminal behaviour.
Actually, what happened was the opposite.