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10 things you need to know this morning in Australia

Wednesday 3 March 2021

Business Outsider

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'Regulation is not enough': Afterpay defends the buy now, pay later industry code of conduct, as consumer advocates slam it as toothless

Eight of Australia's most prominent buy now, pay later companies have drafted and signed up to a new code of conduct, which went into force on March 1.
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An Aussie billionaire's empire is crumbling – and it could trigger more than 7,000 local job losses. Here's what you need to know.

Billionaire Lex Greensill is racing to save his supply chain finance empire after some of its primary financing steams began running dry. Credit Suisse on Monday froze four funds worth nearly $13 billion that had been buying Greensill bonds, helping to destabilise the business.
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Stan boss Mike Sneesby will be Nine's new CEO, the company has announced

Stan boss Mike Sneesby will be Nine's new CEO. He beat challengers including Chris Janz, Nine's current head of publishing, and former Endemol Shine boss Carl Fennessy.
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'Unacceptable public health risk': Australia's international travel ban has been extended to June

Australia's international travel ban will effectively remain in place until June, after an extension of emergency powers under the Human Biosecurity Act.
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Pressure is growing on prominent Australian companies to return JobKeeper payments after they posted large profits

Prominent Australian companies including retailer Harvey Norman and car dealership conglomerate Eagers Automotive are facing rising pressure to return JobKeeper payments to the government, with critics saying they are abusing the wage subsidy after posting large profits and paying dividends to shareholders.
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Australian investment subreddits r/ASX_Bets and r/AusFinance have very different cultures. One user is investigating which approach works better.

Redditor u/drfreshbatch is tallying the performance of online investing communities by tracking how well their most-mentioned stocks perform on the market.
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A record 3.7 million Australian employees cut their work hours in January, as restrictions eased and interstate travel reopened

More Australians took holidays, annual leave, flextime, or long service leave in January 2021 than they have in the last five years, according to a report from the ABS.
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Qantas is bringing back its famous 'mystery flights', with all-inclusive tickets to undisclosed luxury locations starting at under $740

Qantas has released a 'mystery skies' program that will fly participants from Brisbane, Melbourne and Sydney to an undisclosed location for a day of luxury.
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Singapore-based startup Green Li-ion says its patented technology could be the solution to recycling lithium ion batteries

The lack of economically viable recycling options for Lithium Li-ion batteries could soon be an environmental crisis Singapore-based startup Green Li-ion says its patented technology could be the solution - speeding up processes and lowering costs

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