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Description: The Australian Financial Review reports the latest news from business, finance, investment and politics, updated in real time. It has a reputation for independent, award-winning journalism and is essential reading for the business and investor community.

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‘Not fit for purpose’: Sweeping response to PwC scandal The government revealed the biggest crackdown on tax adviser misconduct in history in response to the PwC tax leaks scandal.

Distressed debt behemoths team up for Star Entertainment refi play The casino giant is groaning under large debts and other headwinds, and has had its advisors chasing a new debt deal since earlier this year.