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26 August 2026

Australia’s Sovereign Wealth CEO Raphael Arndt to Leave Role

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Australia’s Sovereign Wealth CEO Raphael Arndt to Leave Role

Australia’s sovereign wealth fund’s head Raphael Arndt will leave his role to return to the private sector, the latest move in a raft of changes in the top ranks of the A$356 billion ($255 billion) ...

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Suburban Rail Loop: Victorian government secretly increased public transport fares to help pay for controversial SRLAustralia

26 August 2026

Suburban Rail Loop: Victorian government secretly increased public transport fares to help pay for controversial SRL

Labor put ‘levy on all public transport fares in metropolitan Melbourne and regional Victoria’ since January 2025, auditor-general says The Victorian government secretly increased public transport fares to raise money to help pay for the Suburban Rail Loop and other Big Build projects, the state’s auditor-general has revealed. The auditor-general’s report, tabled in parliament on Wednesday, also questioned whether the first stage of the multibillion-dollar project – a 26km stretch of twin tunnels from Cheltenham to Box Hill dubbed SRL East – can be delivered on time or within budget.

Source: The Guardian WorldOriginal source

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