Articles on Gina Rinehart

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Fairfax’s Richard Baker and Nick McKenzie are two of the five journalists currently involved in legal disputes for not revealing their sources. Image supplied by MEAA

Protecting the journalists’ privilege: reporters go to court

The protection of confidential sources is an ethical and legal minefield for journalists in Australia, despite the introduction over the past two years of so-called journalists’ privilege in several jurisdictions…
Tax benefits have made family trusts an increasingly popular financial arrangement. Image from www.shutterstock.com

Time for policymakers to address tax benefits from family trusts

Family trusts have featured heavily as part of recent media reporting of the circumstances of two very high-profile families: the Rineharts and the Obeids. Of course, these are not the only families that…
Will the opening of the Galilee Basin undermine Queensland’s economic and environmental future? AAP

Why the Galilee Basin is worth worrying about

The Galilee Basin is a massive Queensland coal basin on the verge of being opened up for the first time. If it goes ahead as anticipated, there will be a host of significant impacts ranging from the local…
Fairfax chairman Roger Corbett today welcomed Gina Rinehart’s investment in the company. AAP

Fairfax backs mastheads and multi‑platform strategy

Fairfax Media Group has ruled out a breakup and sell off of its business, with chairman Roger Corbett telling shareholders today such a move would destroy value. In his address at today’s Annual General…
Given its parlous financial state, Queensland is within its rights to increase mining royalties. But why frame it as a surplus profits tax? AAP

Queensland coal: an accounting black hole

The Queensland Government has decided to raise coal mining royalties. Seems reasonable, doesn’t it? A review of Queensland Pty Ltd by Peter Costello revealed a precarious balance sheet. Time to get things…
Australian iron ore producers have had a torrid time in recent months - but how they quickly they can respond to such fluctuations will be critical to their continued success. AAP

The floating fortunes of our iron ore barons

Despite the recent fluctuations of the iron ore price, producers such as mining billionaires Andrew Forrest and Gina Rinehart entered the iron ore market with eyes wide open and understand the long-term…
Gina Rinehart is seeking a board position at Fairfax. AAP

Fairfax result will make it difficult to reject Gina Rinehart: experts

Today’s major loss and writedown of mastheads and goodwill by Fairfax will make it more difficult for the company to resist the demands of major shareholder Gina Rinehart, say media experts. Fairfax has…
The real significance of a decision forcing Gina Rinehart to pay the court costs of both her children and media outlets is to demonstrate legal independence and the importance of open justice.

Costs of justice: Another episode in the Rinehart dispute

In every parent’s life there comes a time when it’s best to hand over the keys to the kids and treat them as adults. That time comes quicker if they haven’t been wrapped in cotton wool or reminded of inadequacies…
Under pressure: Fairfax chairman Roger Corbett has extended an olive branch to Gina Rinehart. AAP/Dean Lewins

Rinehart closes on Fairfax seats as ally joins board

Fairfax Media’s decision to offer a board seat to Jack Cowin, a close confidant of Gina Rinehart, is likely an attempt to appease the world’s richest woman - notwithstanding claims to the contrary by CEO…
An extraordinary attack on ASIC chairman Greg Medcraft this week will do much to weaken confidence in the efficacy of the financial architecture, without any obvious potential upside.

Attack on ASIC chief draws corporate governance into political mire

The attack on the authority, integrity and judgement of the chairman of the Australian Securities and Investments Commission, Greg Medcraft, by the shadow minister for financial services and superannuation…
James Packer’s raid on Echo Entertainment has put Australia’s takeover laws under the spotlight. AAP

ASIC’s review of creep provisions puts corporate raiders on notice

It’s been an interesting time for Australia’s corporate watchdog. Financial manoeuvres by Gina Rinehart and James Packer, which saw them increase their holdings in Fairfax Media and Echo Entertainment…
If she is unable to gain seats on the board, Gina Rinehart can still establish a control base by initiating a takeover of Fairfax and offering a premium to shareholders. AAP

Paying a premium could shore up Rinehart’s control of Fairfax

Fairfax Media Ltd’s constitution enables the board to allocate board places in addition to the existing directors up to the maximum number of directors allowed in the constitution - not more than 12 unless…
Certain obstacles - such as Fairfax’s 51% shareholding in New Zealand incorporated company Trade me - play a role in Gina Rinehart’s decision to lower her stake in Fairfax to 15%. AAP

What’s behind Gina Rinehart’s Fairfax sell‑down?

Hancock Prospecting’s explanation for selling down to 15% of Fairfax suggests it is unlikely either to bid or sell down further in the short term. Its stated reason was to clear an obstacle - arising from…
News limited chief executive Kim Williams has outlined a coherent strategy for the future, while Fairfax has relied on panic tactics, stoking fears of a crisis.

Media earthquake: panic, disinformation, and competing visions at Fairfax and News

So that was the week that was. The Conversation anticipated this would be a big week that required close scrutiny and debate. What we didn’t realise was that first thing Monday morning Fairfax would announce…
Rinehart will experience push-back from Fairfax staff if she tries to change the paper’s editorial direction. AAP/Julian Smith

Why does Gina Rinehart want control of Fairfax?

It is elementary that most business investors seek to make money. But Gina Rinehart’s investment in Fairfax is not aimed at a financial return. There are a hundred other, healthier companies where this…
Long-time friend of Gina Rinehart, John Singleton believes she should be able to influence editorial decisions at Fairfax. AAP

With Gina poised, a new class of conservative elites now rule the roost

For years, in the tabloid media and on talkback radio, we’ve been hearing about the domination of Australian politics by a “new class” of left-wing “cultural elites”, but the Rinehart ascendancy at Fairfax…
Trust in the media is at the heart of issues around Gina Rinehart, Fairfax and editorial independence. AAP

Basically, the fight around Fairfax is about who we should trust

Amid indications that Fairfax is going into the corporate death spiral – ongoing disinvestment resulting in smaller market share - we’re asking the wrong questions about the future of the Australian media…
Fairfax’s reputation for independent journalism is at stake. AAP/Joel Carrett

MPs warn Rinehart against editorial meddling at Fairfax

Communications Minister Stephen Conroy says mining magnate Gina Rinehart has no right to trash the reputation of Fairfax Media by overriding the company’s charter of editorial independence. In an unusual…
Rinehart’s right-wing views may have a new outlet if her tilt at Fairfax is successful. AAP/PPR

Gina Rinehart, Fairfax and the ‘war’ politics of the Australian right

What a dream come true for Australia’s right-wingers. First of all they can point to Gina Rinehart’s wealth (“the richest woman in the world”) as a sign of Australia’s arrival as a capitalist power and…
Malcolm Fraser and Gough Whitlam joined forces to protect the independence of The Age in Melbourne’s Fitzroy Gardens in 1991. maintainyourage.org

Malcolm Fraser: Does it matter who owns our papers? Yes it does

The Age and the Sydney Morning Herald have maintained editorial independence since the foundation of the newspapers. It is an important principle of all great newspapers, but it is a principle that will…

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