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Australia news live: Gina Rinehart and rival heirs await court verdict on mining riches; petrol prices fall every day for two weeks in biggest cities | Australia news

Australia news live: Gina Rinehart and rival heirs await court verdict on mining riches; petrol prices fall every day for two weeks in biggest cities | Australia news

Judgment day as Gina Rinehart and rival heirs await court ruling on claim to mining riches

Caitlin Cassidy

We are expecting a court verdict in the coming hour or so on whether Gina Rineheart must share the spoils of some of Hancock Prospecting’s most lucrative iron ore projects with the family of her late father’s business partner.

Australia’s richest person faces the possibility of losing billions of dollars in riches from her Pilbara iron empire if the Western Australian supreme court rules against her.

We will bring you the outcome when it is handed down, but in the meantime, you can read more about the case here:

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Key events

Sarah Basford Canales

Sarah Basford Canales

Marles to tout extra defence spending after ‘tough decisions’

Richard Marles will use his National Press Club speech on Thursday to tout an additional $11bn in defence spending over the last four years since taking over government from the Coalition.

The defence minister will use the address to forewarn of tough future decisions to cancel, divest, delay or re-scope projects failing to be delivered on time, within budget or no longer prioritised.

Defence minister Richard Marles. Photograph: Anadolu/Getty Images

Priority areas for defence’s multi-billion dollar budget are mapped out within its integrated investment program (IIP), which allows funding to shift between projects depending on priority.

The IIP was last updated in 2024 and a revised version for 2026 will be released this week.

Marles already flagged the government will spend between $2bn and $5bn more on drones as part of Australia’s new national defence strategy.

Ahead of his announcement on Thursday, Marles said this morning:

double quotation markWe have already done so much of the hard work to make sure we can invest where it is needed, but this work does not end with the 2026 Integrated Investment Program.

While these are not easy decisions, they are necessary to ensure that the ADF and its people have the capabilities needed, as soon as possible to meet our strategic circumstances and keep Australians safe.

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