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Scott Morrison rejected earlier foreign-controlled bids for the S Kidman & Co. pastoral empire on national interest grounds. AAP/Lukas Coch

Kidman sale finally gets green light

The sale of the vast Kidman pastoral empire to the joint venture Outback Beef has passed the foreign investment hurdle.
Superannuation’s influence on the Australian financial sector mostly balances out. www.shutterstock.com

Business Briefing: what super is doing to banking and finance

Business Briefing: what super is doing to banking and finance The Conversation10 MB (download)
New research modelled how an increase in the superannuation guarantee would affect the finance sector and the results show it all balances out.
Dancing with the Balinese dragon. AAP/Zul Edoardo

Don’t expect a rerun of the Asian Financial Crisis

Despite worries about a new Asian Financial Crisis, much has changed since the last one in 1997. Even if a crisis were to materialise, it would look quite different from that of two decades ago.
The Modi government is getting rid of RS500 and RS1,000 notes to try and combat the black market and corruption. STR/EPA

Business Briefing: Former chief World Bank economist on inequality and doing away with big money

Business Briefing: Former chief World Bank economist on inequality and doing away with big money The Conversation22.3 MB (download)
A former chief economist to the World Bank and economic adviser to the Indian government says doing away with big currency notes is a noble idea but an ineffective tool.
The ACCC has blocked the big four banks from bargaining with Apple for more control over Apple Pay. Damir Sagolj/Reuters

ACCC rejects the banks colluding to bargain on Apple Pay

The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
The government has changed the rules so that another foreign investor can replace one who has pulled out of buying an off-the-plan dwelling. Mick Tsikas/AAP

Changes for off-the-plan foreign buyers rely on a broken supply argument

The government says its changes to foreign investment will increase housing supply and make it more affordable, but that’s relying on narrow and possibly incorrect assumptions about investors.