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Qantas alerts customers to cyberattack

Qantas alerts customers to cyberattack

National
Australian airline Qantas has emailed impacted customers after it was hit with a cyberattack.
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IPO Watch: GemLife kicks off with a $750m bang in biggest ASX IPO of the year
IPO Watch: GemLife kicks off with a $750m bang in biggest ASX IPO of the year

Herald Sun

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  • Herald Sun

IPO Watch: GemLife kicks off with a $750m bang in biggest ASX IPO of the year

IPO market begins to show signs of life as ASIC cuts red tape GemLife hits ASX with $1.6b luxury retirement splash GLF tops Virgin with biggest Aussie float of 2025 For the last couple of years, the Australian IPO market has been on a sabbatical. But now, the country's regulators are rolling out the red carpet, or at least tugging at the red tape, to make the path to public life a little easier. In June, the Australian Securities and Investments Commission (ASIC) kicked off a trial to streamline the IPO process. The plan is to cut a week off the traditional 20-week timeline by reviewing offer documents earlier, and reducing the back-and-forth that tends to slow things down. It's only open to companies worth over $100 million, but the message is clear: Australia wants more listings, and it's willing to loosen its collar to get them. From trailer parks to luxury resorts Just days after Virgin Australia's (ASX:VGN) long-awaited return to the ASX, another float is taking centre stage, this time from the world of luxury over-50s living. On Thursday, GemLife Communities Group (ASX:GLF) officially made its debut on the ASX, becoming the latest major player to test investor appetite in a warming IPO market. The stock opened at $5, a 20% premium to its $4.16 offer price, before easing back to around $4.40 by 3pm, still delivering a solid first-day gain. Founded in 2016, GemLife has grown fast. What started as a joint venture between the Puljich family and Singapore-listed Thakral Corp is now a $1.6 billion business, with a portfolio of resort-style communities built for Australians aged 50 and over. In fact, the story stretches back even further. GemLife CEO Adrian Puljich is carrying on the legacy of his father, Peter Puljich, who arrived in Australia in 1968 from Croatia and later transformed a caravan park on the Gold Coast into a high-end retirement community. 'We are a founder‑led pioneer business,' Adrian Puljich told Bloomberg. 'What makes us so unique is the fact that we build our own product. 'Every single touch point in the life cycle of GemLife Communities is dealt with by the GemLife builder.' That vertical integration, from land acquisition to construction and community operations, is a big part of the group's pitch to investors. All the tailwinds behind it GemLife is at the luxury end of the land‑lease community sector. Residents buy their home (usually prefab‑style), lease the land it sits on, and pay weekly fees of $230–$250 for access to top‑tier amenities. This includes country clubs, cinemas, bowling alleys, pools, pickleball courts, you name it. With properties spread across Queensland, NSW, and Victoria – from Pimpama on the Gold Coast to Woodend in Victoria's Macedon Ranges – GemLife has grown into one of the country's largest operators in this space. The IPO will help fund the $270 million acquisition of eight new projects from a company wholly owned by Adrian Puljich, growing the pipeline to 32 communities and nearly 10,000 homes. It's a big swing, but one that's riding a wave of tailwinds. Australia's population is ageing, home prices are stubbornly high, and many older Australians are looking to downsize without downgrading. That makes land‑lease communities a clever halfway point. According to Colliers, the land‑lease sector is tipped to grow 5% to 7% annually over the next five years, helped by both demand and new developments. Biggest listing so far this year GemLife's float was structured as a stapled security, a common setup in Australia where two or more securities trade together. The IPO raised $750 million, edging out Virgin's $685 million float, and making GLF the largest ASX IPO so far this year. After listing, Adrian Puljich holds about 17.6%, Thakral Capital 16.7%, and Peter Puljich 8.8%. It's a hefty debut in what's been a subdued IPO market. According to the ASX, total Australian IPO proceeds this year were sitting below $150 million prior to Virgin and GemLife's listings. That puts GemLife in rarefied company, and alongside two listed peers in the over‑50s living space – Lifestyle Communities (ASX:LIC) valued at around $870 million, and Ingenia Communities Group (ASX:INA), sitting closer to $2.3 billion. 'Encouraging older Australians to downsize also contributes positively to the broader property market, opening much‑needed family‑sized housing for younger buyers,' said Puljich. Originally published as IPO Watch: GemLife kicks off with a $750m bang in biggest ASX IPO of the year

Aussies rush to shop 60 per cent off Smilie teeth whitening sale: The dentist-approved kit transforming smiles
Aussies rush to shop 60 per cent off Smilie teeth whitening sale: The dentist-approved kit transforming smiles

7NEWS

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Aussies rush to shop 60 per cent off Smilie teeth whitening sale: The dentist-approved kit transforming smiles

Australian dentist-approved teeth whitening brand, Smilie, is transforming Aussies' smiles at a rapid rate. If you're wanting a whiter, brighter smile for an affordable price now is the time to try Smilie because it's currently having a huge 60 per cent off sale to celebrate its fourth birthday. Smilie isn't just another teeth whitening product — it's a confidence booster. Smilie was founded by Natalie Wiltshire and award-winning dentist Dr. Daniel Tankard. The inspiration for Smilie came from Natalie's personal experience with the high cost of in-chair teeth whitening treatments. After seeing how expensive and inaccessible professional teeth whitening could be, Natalie was determined to find a more affordable solution that didn't compromise on quality. Backed by 15 years of research and developed by a team of over 70 dental professionals, Smilie is a teeth-whitening brand you can trust. The brand has helped whiten millions of teeth, garnered numerous prestigious awards, and accumulated a multitude of five-star reviews from happy customers of all ages. Smilie's Boost Teeth Whitening Kit, usually $219 is now reduced to $119 and has a 5-star rating on Smilie's website. 'Couldn't be happier with my results, ' one impressed shopper wrote. 'I have been using this whitening kit for seven days now and already see a difference,' another shopper added. ' Works so quickly and doesn't give me any discomfort,' a third reviewer wrote. Smilie's Boost Teeth Whitening Kit includes: To help you shop Smilie's incredible range of teeth whitening products, we've compiled a list of the best sellers currently on sale. below. Smilie's bestsellers on sale

Qantas executives nowhere to be seen after data breach affecting up to 6 million customers
Qantas executives nowhere to be seen after data breach affecting up to 6 million customers

ABC News

timean hour ago

  • ABC News

Qantas executives nowhere to be seen after data breach affecting up to 6 million customers

Vanessa Hudson has become something of a prolific letter writer this past week. More than 6 million Qantas customers received a personalised email on Wednesday, signed by the chief executive, informing them that cyber criminals had scaled the company's defences. An unknown number were unlucky enough to be sent a follow-up the very next day. It wasn't cheery news. The first missive outlined fears that the airline's database containing personal information had been hacked and, your name might be on it. For those receiving the follow-up, it was confirmation their name, email, phone number and frequent flyer number had also been unlawfully accessed. It was suitably sombre. "I want to personally apologise that this has happened and explain what we know and how we're supporting you," she wrote. But the Qantas boss was nowhere to be seen. The federal minister responsible for cybersecurity, Tony Burke, told the ABC on Wednesday that Hudson was on leave and he'd spoken twice with the acting chief executive. While that may explain the CEO's absence, neither that acting CEO nor anyone else from the airline put their head up publicly either. The ABC's interview requests were declined, and our reporters' calls to the Qantas media line frequently went straight through to message bank. For an enterprise that so damaged its reputation with customers during the Alan Joyce era, it was an odd approach to such a serious breach of trust. The sheer scale of the hack puts it in the upper league of Australian data breaches. Unlike the others, however, Qantas has attempted to assuage customer fears by assuring everyone that financial details and passport numbers weren't included. Latitude, Medibank and Optus were bigger attacks than this and, more importantly, they involved far more detailed and potentially damaging information. In each case, after some initial confusion, those in charge fronted the media to personally take the heat. It didn't end well for all of them. Latitude's Ahmed Fahour was halfway out the door by the time the hack, involving detailed financial and personal data on 14 million current and former customers, leaving his successor to deal with the aftermath. But Optus chief Kelly Bayer Rosmarin endured months of criticism for initially attempting to minimise the severity of the breach, only to be forced out the following year after miscommunication over a nationwide outage. In Medibank's case, the breach was devastating, with almost 10 million customers exposed and private medical records for sale on the dark web. Chief executive David Koczkar was forced into an unpalatable choice between quietly paying a Russian hacker a ransom and hoping it goes away or going public and enduring the scorn. He chose the latter and remains in the job. The Qantas hack occurred in Manila at one of the airline's call centres when a criminal was given access by an employee to a third-party customer servicing platform. It happened just days after the FBI warned airlines to watch out for cyber attacks including on "third party IT providers which means anyone in the airline ecosystem including trusted vendors and contractors". The trend towards outsourcing key operations and sending those jobs offshore during the past 20 years has created opportunities for the new wave of cybercriminals. Corporations have to rely upon the cyber security of their partners. The devastating Russian attack on Medibank again took place via an outside contractor, an IT worker whose login details inadvertently transferred to his personal computer. Bringing all the functions in house, however, may not solve the issue. For, in most cases, the breaches were caused by human error or, in many cases, a momentary lapse in judgement. As the FBI warning last week highlighted, cyber criminals are becoming increasingly more sophisticated and employing ever more devious methods. "These actors rely on social engineering techniques, often impersonating employees or contractors to deceive IT help desks into granting access," it warned. "These techniques frequently involve methods to bypass multi-factor authentication (MFA), such as convincing help desk services to add unauthorised MFA devices to compromised accounts." Vanessa Hudson's missives have been reassuring. True, no credit card or banking details were surrendered, neither were there any passport details. But even simple identity details can be used to devastating effect. That three-letter acronym mentioned by the FBI relating to multi-factor authentication usually involves a mobile phone and an email address. Add in a birth date and that could be enough for a criminal to construct an identity. According to her initial letter, the company has not received a ransom note. But it seems unlikely a hacker would spend the time and effort to crack the system, obtain the information and then decide to do nothing with it. So far, Qantas executives have decided to keep a low profile. And the strategy appears to have worked. Either that or we've become all too accustomed to data hacks. The share price has remained reasonably solid, and there has been little criticism either of the company or the executives. But hiding from bad news can come back to bite.

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