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10 things you need to know this morning in Australia

Tuesday 9 February 2021

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'Corporate arrogance': Crown Sydney is 'not suitable' to hold a casino licence, an inquiry has found

The Bergin report has found that Crown Resorts is not suitable to "give effect to the Barangaroo restricted gaming licence" after money laundering revelations.
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Collingwood president Eddie McGuire is stepping down amid criticism of his handling of racism at the club

Collingwood Football Club President Eddie McGuire has announced that he is resigning effective immediately. His sudden announcement comes after his comments regarding the release of a report into the Club's handling of racism as a "historic and proud day" drew widespread criticism.
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New Zealand is cracking down on its red hot property market, as soaring prices raise concerns of a crash

New Zealand's central bank has implemented strict lending policies after property prices soared 20% last year. "We are now concerned about the risk a sharp correction in the housing market poses for financial stability," Reserve Bank Deputy Governor Geoff Bascand said, restricting how much homebuyers and particularly investors can borrow.
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A rolling list of companies which have vowed to repay their JobKeeper subsidies after turning big profits in 2020

A select list of companies have volunteered to repay the JobKeeper wage subsidies they accrued over 2020, pumping tens of millions of dollars back into government coffers.
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Chinese investors are expected to return to Australian property in a big way this year – and agents are doing everything they can to woo them

The Lunar New Year is expected to kick off a wave of property investment that could see sales in Australia soar. Asia real estate company Juwai IQI chairman Georg Chmiel expects the festival to spark 20%-40% growth in foreign property investment enquires in Australia.
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The last of Sydney's lockout laws will be lifted next month, 6 years after hardline restrictions crushed the city's nighttime economy

The last of Sydney's lockout laws will be lifted from next month, with Kings Cross venues permitted to welcome patrons after 1.30am. Bars and clubs across the city will be permitted to serve alcohol until 3.30am.
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The EU looks set to follow Australia's lead by demanding Google and Facebook pay for news articles

The EU looks set to follow Australia's lead and demand tech platforms pay to display news. Australia's threat resulted in Google threatening to pull search from the country.
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Amazon's entry-level Kindle is a great ereader for people on a budget who want to get into ebooks

The Amazon Kindle may be an entry-level ereader, but it's likely all most people need. If you're looking for a relatively affordable ereader to get started reading ebooks, the basic Kindle is ideal.
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The Disney+ Drive-In cinema is returning to Melbourne in 2021 — here's everything you need to know

If there was one good thing that came out of 2020, it's the rise of drive-in movie cinemas, where you can watch films all cosied up in the comfort of your own car. Since there has been a hiatus on many of the imminent film releases over the past year, it's giving us the perfect excuse to re-watch old favourites — we're certainly not complaining.

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