Author: roymorgansocial

NSW Police accuse AFP, ASIO of hoarding information

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Original article by James Dowling
The Australian – Page: Online : 28-May-26

NSW Premier Chris Minns said after the Bondi massacre that the Jewish-run Community Security Group could be given authorisation to carry firearms at public events. However, deputy police commissioner David Hudson told the Antisemitism and Social Cohesion Royal Commission on Wednesday that he had major reservations about the idea, saying "isolating a particular group for additional powers within our community is problematic". Hudson also told the commission that "other agencies" he works with had withheld intelligence in joint cases, while the commission heard that federal agencies were reluctant to share information with the NSW gun registry, due to concerns that sensitive details could be exposed if applicants challenged police over a ­licence decision.

CORPORATES

ANTISEMITISM – AUSTRALIA,{SPACE]DISCLOSURE OF INFORMATION – AUSTRALIA]

Australian study finds link between irregular blood pressure and poorer brain health

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Original article by Claire Sadler
The West Australian – Page: Online : 28-May-26

Professor Matthew Pase from Monash University says a study that saw its researchers track the blood pressure of 225 Australians aged between 55 and 80 for 24 hours shows the importance of extended blood pressure monitoring. The researchers found that fluctuations in blood pressure over the course of a day can impact cognitive health and can contribute to the risk of dementia, while higher average blood pressure over 24 hours was also associated with greater evidence of vascular brain injury, which occurs when blood vessels are blocked, narrowed, or weakened

CORPORATES
MONASH UNIVERSITY

BRAIN – RESEARCH – AUSTRALIA]

Rate hold expectations on slowdown

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Original article by Lea Jurkovic
The Australian Financial Review – Page: 4 : 28-May-26

Figures released by the Australian Bureau of Statistics on Wednesday show that the nation’s headline inflation rate declined from 4.6 per cent in March to 4.2 per cent in April, which was lower than the forecast of 4.4 per cent. Fuel prices fell by seven per cent in April after the federal government cut the fuel excise to $0.263, with Treasurer Jim Chalmers claiming that inflation would have increased to 4.7 per cent without the cut to the fuel excise, while the slowing of inflation in April has increased expectations that the Reserve Bank of Australia will leave interest rates on hold in June.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS,{SPACE]AUSTRALIA. DEPT OF THE TREASURY,{SPACE]RESERVE BANK OF AUSTRALIA

Phone plan prices will have to rise

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 15 : 28-May-26

The Australian Communications and Media Authority announced last week that it would be charging TPG Telecom, Optus, Telstra and NBN Co a collective $7.3bn to renew their spectrum licences. Spectrum refers to the radio waves that carry phone calls, and TPG Telecom CEO Inaki Berroeta says ACMA’s decision means that it is inevitable that the cost of mobile phone plans will have to rise. Telstra has threatened to challenge ACMA’s decision in the Federal Court, and Berroeta says he has not ruled out the idea of legal action.

CORPORATES
AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY,{SPACE]TPG TELECOM LIMITED – ASX TPG,{SPACE]NBN CO LIMITED,{SPACE]SINGTEL OPTUS PTY LTD,{SPACE]TELSTRA GROUP LIMITED – ASX TLS

FREQUENCY SPECTRA – AUSTRALIA]

Limit CGT changes to homes: BCA

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 28-May-26

The Business Council of Australia has called on the federal government to abandon its plans to rush through legislation to enact its proposed tax changes and to instead hold a proper parliamentary inquiry into them. The BCA and other business groups are united in their view that the government’s capital gains tax changes be limited to real estate, although Treasurer Jim Chalmers contends that allowing too many exemptions will only further distort the tax system. Prime Minister Anthony Albanese claims only 10 per cent of small businesses will be impacted by the CGT changes as they will qualify for one of four existing concessions that apply to businesses with turnover of under $2 million, but Council of Small Business Organisations Australia CEO Skye Cappuccio says the $2 million threshold has not been lifted for 19 years.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA,{SPACE]AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET,{SPACE]AUSTRALIA. DEPT OF THE TREASURY,{SPACE]COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED

BUSINESS AND POLITICS – AUSTRALIA]

China attacks Chalmers’ Northern Minerals ownership order

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Original article by Jessica Sier
The Australian Financial Review – Page: Online : 28-May-26

China has used an editorial in the state-backed Global Times to criticise the federal government over its decision to order Chinese-linked investors to divest their stakes in rare earths firm Northern Minerals. The editorial claimed that Australia continues to restrict Chinese investment in areas such as critical minerals and technology, while at the same time expecting China to buy its iron ore, agricultural products and natural gas. The project that Northern Minerals is behind is viewed as essential to Australia’s efforts in helping the Trump administration with its goal of trying to reduce China’s global dominance of rare earths

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU

CHINA – COMMERCE – AUSTRALIA]

PwC allegedly ignored risks at travel firm

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Original article by Edmund Tadros,{SPACE]Ayesha de Kretser
The Australian Financial Review – Page: 14 : 28-May-26

A PwC spokeswoman has confirmed that it has engaged law firm Webb Henderson to investigate its auditing work. It follows an allegation by an internal whistleblower that its auditors ignored ‘red flags’ in the accounts of Corporate Travel Management. Shares in Corporate Travel have not traded since last August when auditors at Deloitte Australia, who took over from PwC at the end of 2024, identified problems with Corporate Travel’s accounts, while Corporate Travel CEO Jamie Pherous announced in February that he would be leaving the firm after it admitted to overcharging the United Kingdom government for travel services.

CORPORATES
PRICEWATERHOUSECOOPERS,{SPACE]WEBB HENDERSON TTP,{SPACE]CORPORATE TRAVEL MANAGEMENT LIMITED – ASX CTD,{SPACE]DELOITTE TOUCHE TOHMATSU LIMITED

AUDITING – AUSTRALIA]

Whyalla steelworks blast furnace ‘on its last legs’, South Australian Premier Peter Malinauskas confirms

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Original article by Nick Evans,{SPACE]John Stensholt
The Australian – Page: Online : 28-May-26

South Australian Premier Peter Malinauskas announced on Wednesday that Indian firm Jindal Steel and billionaire Matt Latimore’s M Resources had been listed as the two shortlisted bidders for the Whyalla steelworks. South Korean steel company POSCO could join Latimore’s bid, while it is understood that underbidder BlueScope Steel has the last right of refusal. The blast furnace at the Whyalla steelworks has been closed for more than four months, and Malinauskas has confirmed that it may not be possible to repair it

CORPORATES
JINDAL IRON AND STEEL COMPANY,{SPACE]M RESOURCES,{SPACE]BLUESCOPE STEEL LIMITED – ASX BSL,{SPACE]POSCO

MERGERS AND ACQUISITIONS]

ABC’s head of news quits, and his successor will probably be external

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Original article by Calum Jaspan
The Age – Page: Online : 28-May-26

Justin Stevens has resigned as head of director of news and current affairs at the ABC after four years in the position, with Stevens having headed up a division with just under 2,000 staff. The decision as to who will replace him will be ABC MD Hugh Marks’ biggest decision to date, while it is likely that Stevens’ successor will come from outside the public broadcaster. Telling staff on Wednesday afternoon of his decision to leave, Stevens said the decision was both professional and personal, while the package for the role of head of director of news and current affairs, including superannuation, was $678,000 in the last financial year.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION

EXECUTIVES – AUSTRALIA – APPOINTMENTS AND RETIREMENTS]

Rinehart will want influence after buying into media: Ex-Fairfax chair

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 14 : 28-May-26

Roger Corbett contends it is almost certain that Gina Rinehart will express her views to how she thinks ‘The West Australian’ and Channel Seven should report the news, with both media outlets being owned by Southern Cross Media. Corbett was the chairman of Fairfax Media at a time when Rinehart was a shareholder, with the two having ‘crossed swords’ during that time, with his comments coming after it was revealed that companies associated with Rinehart, who is Australia’s richest person, had ‘bankrolled’ most of Bruce McWilliam’s $25 million stake in SCM. A former lawyer and commercial director of the Seven Network, McWilliam now owns just under 10 per cent of SCM.

CORPORATES
SEVEN NETWORK LIMITED,{SPACE]SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL,{SPACE]FAIRFAX MEDIA LIMITED

BILLIONAIRES – AUSTRALIA]