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Rich List 2020

Out Now: The definitive list of Australia’s wealthiest people, now in its 38th year.

See our latest coverage

Markets primed for defining week as election, virus collide

Investors are bracing for what is set to be one of the most significant weeks of the year as the US election and rising COVID-19 cases on both sides of the Atlantic loom as potential catalysts for sharp falls.

Victory lap: The Premier with new Labor MPs Jason Hunt (Caloundra), Ali King (Pumicestone), Jonty Bush (Cooper) and Jimmy Sullivan (Stafford).

Palaszczuk won't budge on borders as cases hit zero

The victorious Queensland Premier on Sunday pointed to European lockdowns to deal with the coronavirus pandemic, saying Queenslanders wanted to 'protect their lifestyle'.

Amaysim has more than 1 million mobile customers.

Optus dials back into Amaysim; bankers ready takeover documents

Telecommunications bigwig SingTel Optus is in late-stage talks to acquire listed pure-play mobile phone and data business Amaysim. 

Don't expect banks to pass on any rate cut in full

Treasurer Josh Frydenberg declined to comment on whether the banks should pass on in full any rate cuts this time around, but some expect a public backlash if commercial banks do not pass any cut on.

Nationwide 'doughnut' no cause to drop guard

Victorian health authorities have urged continued vigilance in the face of soaring case numbers globally as the state marked a weekend of no case growth with its fourth 'doughnut' day in a week and Australia recorded no locally transmitted cases.

Premier's sweet revenge on her border critics

Queensland's tourism industry might be on the brink of collapse and the state's economy is up the creek, but Annastacia Palaszczuk's ability to tap into community fears about COVID-19 has paid dividends, writes Mark Ludlow.

Jackie Trad the biggest casualty of Labor victory

Former deputy premier and treasurer Jackie Trad has lost her seat to the Greens, but Labor held off a surge from the minor party in other inner-city seats.

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Companies

Gabby Leibovich is taking stock after selling Catch to Wesfarmers.

'Best time ever': Catch founder says pandemic paves way for disrupters

The immigrant-turned-internet retail giant says Australia's business world should expect to hear more from him and his brother Hezi Leibovich.

Many retailers are concerned about the ability to restock quickly ahead of the peak shopping season.

Retailers fear stock shortages for peak selling season

Retailers are worried about stock shortages because of industrial action delaying container ships heading into the biggest online shopping period and then Christmas.

President Donald Trump tosses a cap during a campaign stop in Waterford Township, Michigan.

Business breaks up with Trump

Big business liked Donald Trump's tax cuts but resents being drawn into the President's political fight on issues such as race.

Ares Capital Management local chairman John Knox wants the opportunity to grow a business.

Ares' AMP move was months in the making

Ares has been watching AMP as a possible deal - designed to build on its push into Asia Pacific - since earlier this year.

'This is just a cover story': Melbourne mates defy corruption inquiry

Victorian investigators are using taped phones and secret videos to allege corruption, but two men are adamant they were only benefitting from gambling.

No sanctuary for disgraced developer Craig Gore

From fast cars, helicopters and high-risk developments to a guilty verdict and the prospect of up to 12 years in jail. Where did it all go wrong for the former rich lister?

Banks can't avoid investment to fend off disruption

ANZ's results this week showed record levels of spending on technology. Its CEO says this is necessary to safeguard its future.

Markets

Markets primed for defining week as election, virus collide

Investors are bracing for what is set to be one of the most significant weeks of the year as the US election and rising COVID-19 cases on both sides of the Atlantic loom as potential catalysts for sharp falls.

A big win for the Democrats would give Joe Biden open slather in Congress.

Why the Democrats may go nuclear

If the blue wave is big enough, the Democrats may be sufficiently emboldened to make dramatic legislative changes, forcing the market to pay attention.

RBA's rate cut to 'hurt recovery', savers

Former Reserve Bank board member Warwick McKibbin, along with fund managers and bankers, is suggesting that rate cuts and QE could undermine the economy now.

AMP investors still bullish on break-up despite offer

AMP's confirmation of the offer sent its languishing share price soaring, but shareholders maintain the company won't survive in its current form.

Techs plummet as Wall St ends worst week since March

Better than expected third quarter results from Apple and Amazon, among others, failed to offset angst about the spread of the coronavirus in Europe and the US.

Opinion

Palaszczuk is no longer the accidental premier

It's a good time to be an incumbent. As long as you handle crises well.

Phillip Coorey

Political editor

Phillip Coorey

Beating the virus beats politics

Annastacia Palaszczuk's election victory shows the power of incumbency when voters believe a crisis is under control. Events in the UK and the US show the reverse.

Palaszczuk's sweet revenge on her border critics

The Queensland Premier's tough border stance has won over parochial voters in the Sunshine State.

Mark Ludlow

Queensland bureau chief

Mark Ludlow

Why I would grit my teeth and vote for Trump

There's no perfect choice, but President Donald Trump has not been bad for our national interest – and would be better for the next four years than Joe Biden, who is well past his prime.

Queenslanders vote for safe pair of hands

Presented with two parties offering no clear vision of the future, voters opted for certainty by voting for incumbents and voting for border closures.

Graham Young

Contributor

Graham Young

Invest more than nickels and dimes in Australia's integrity dividend

The phoney political theatre over the Australia Post scandal is exposed by governments starving anti-corruption bodies of the resources needed to police ever-rising public spending.

Peter Frost

Contributor

Peter Frost
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Politics

Former Labor deputy premier Jackie Trad has lost her seat of South Brisbane to the Greens.

Jackie Trad the biggest casualty of Labor victory

Former deputy premier and treasurer Jackie Trad has lost her seat to the Greens, but Labor held off a surge from the minor party in other inner-city seats.

"What Europe is going through now is a consequence of not being able to get to this point where you can stay on top of very low numbers indefinitely," Brett Sutton warns.

Australia records zero new locally transmitted cases

Victorian health authorities have urged continued vigilance in the face of soaring case numbers globally as the state marked a weekend of no case growth with its fourth 'doughnut' day in a week.

SA uni merger becomes a matter of politics

Labor will make a three-way merger an election issue given demands in the South Australian economy.

Palaszczuk wins third term

Queensland Premier Annastacia Palaszczuk has defied criticism about her border policy and been returned for another term in office after Saturday's election.

WA and Queensland borders start to come down

Western Australia and Queensland have relaxed border controls, but maintained quarantine for travellers from regions and states with community transmission.

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World

The US Senate chamber.

US Democrats set for a Senate sweep and tax hikes

Joe Biden's $US2 trillion stimulus package, tax hikes and rebalancing the Supreme Court hang on the Senate race.

Prime Minister Boris Johnson announces the month-long lockdown.

Johnson bows to the inevitable

The COVID-19 pandemic's escalating second wave has forced British Prime Minister Boris Johnson to abandon his whack-a-mole strategy of localised lockdowns and plunge England into a month-long shutdown.

At least one Donald Trump supporter wore a mask.

Fracking and COVID-19: campaign hits fever pitch

Donald Trump signed an executive order protecting fracking and received a surprise poll surge in Iowa. But Joe Biden's lead in most polls is holding steady with just two days of campaigning left in the race for the White House. Follow the day's events here.

Tough to reclaim US credibility in Asia after the Trump tsunami

A Biden administration will face a lengthy catalogue of demands from Asia, but these will be overshadowed by the task of repairing the US domestically.

Democrats hold edge with early voting, record turnout predicted

Black voters and those under 30 are turning out in record numbers to cast their ballot early.

Property

The six-bedroom house at 32 St Vincent Place in inner-suburban Melbourne's Albert Park sold at the bottom of its $11 million to $11.5 million price range.

Three quarters of homes sell at auction in Sydney, Melbourne

While clearance rates in the two largest cities are booming, they indicate markets playing catch-up – and significant uncertainty remains.

The Haggarty family own Goonoo Goonoo station, which it has enlarged.

Rich Lister Tony Haggarty offloads $26m of prime grazing country

Tony Haggarty sold some of his rural investments in northern NSW while adding to his Goonoo Goonoo Station near Tamworth.

Burbank leaves HQ and history on Franklin Street

Central Melbourne's development market is showing signs of thawing after the long hibernation brought on by the pandemic

Adelaide fund manager picks up two NSW Woolies for $37m

Adelaide fund manager Parkstone is tapping investors for $17 million to acquire the supermarkets in Cootamundra and Orange.

Farmers buy back Riverina holding from US fund

All seven properties in the Southern Riverina aggregation offered by TIAA's fund manager Westchester were acquired by local farming families.

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Wealth

Pickings have become slim for many investors as the pandemic has forced blue-chip companies to reduce, defer or cut their dividends.

Dividend pickings set to get richer

Economic growth will revive blue chip payouts as companies with good prospects for a rebound get back to work.

What do I do about my Dixon investments?

Making a complaint to ASIC or joining a class action are some options, writes John Wasiliev who answers your questions on super.

Passing the buck when there are no bucks to pass

What happens to the finances and maintenance of an apartment block if owners can't afford the levies?

Technology

The closed-door meeting known as the Fifth Plenum was presided over by Xi Jinping who has emphasised the need for China to be more self-reliant.

China seeks technology self-reliance in five-year economic plan

China's new five-year plan was heavy on rhetoric and light on detail but it has pledged to become self-reliant on technology in the face of US sanctions.

Disney World in Florida is operating at a 25 per cent attendance cap.

Why Disney's focus on streaming gives it a long growth runway

Managing content creation will put Disney in control of making what consumers want most, delivered in the way they prefer to consume it.

Alphabet's profit was $US11.2 billion, or $US16.40 per share, compared with the average estimate of $US7.698 billion, or $US11.18 per share, among analysts tracked by Refinitiv.

Alphabet sales growth back as Google flooded with advertisers

The third quarter revenue growth reflected a bump in spending across each of Alphabet's key ads businesses, including search, YouTube and partner properties.

Work & Careers

An empty office in North Sydney. Employers are in mixed minds about driving workers back to their desks in the central business district before Christmas.

Back to the office by PM's Christmas deadline? Don't bet on it

Fear of using public transport remains the biggest hurdle to getting employees back to their desks as companies plan varied office comeback dates.

The stories behind the Nobel women of science

Telling the tales of some of science's most accomplished women was a voyage of discovery for the author of a new book.

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Life & Luxury

Mr Yum CEO and co-founder Kim Teo.

Meet the Melbourne start-up helping the city's restaurants reopen

For the city's shattered hospitality scene, QR codes – which both NSW and Victoria are considering making compulsory – could offer the secret to its revival.

Sean Connery as James Bond

Sean Connery, the first and foremost 'Bond, James Bond'

Sean Connery brought magnetism, humour and an abrasive edge to his portrayal of James Bond, an essentially British spy who was an ace with women and weaponry.

Ian Fleming died two years after Dr No, starring Sean Connery, pictured, was released.

Tributes paid to 'best Bond ever'

Sir Sean Connery was declared the "best James Bond ever" last night as actors, film producers, politicians and fans paid tribute to one of cinema's greatest stars.

Sean Connery

Sex appeal and likeability that never faded with age

Sean Connery remains an overwhelming favourite among Bond fans, but he also brought his considerable charm – and Scottish accent – to many memorable roles.

In the past 10 years horses trained by Gai Waterhouse have won $130 million in prize money.

Why Gai Waterhouse doesn't invest in the sharemarket

The champion racehorse trainer has done well from both moving and fixed assets.

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