| Goldman Sachs Group Inc. plans to expand its private wealth management team in Australia to capture a boom in self-made multimillionaires and family wealth. "We are looking to hire, but it's really about finding the right people," said Jean-Paul Churchouse, the firm's head of private wealth management for Southeast Asia and Australia. BHP Group's full-year profit fell 26% as key exports such as iron ore and coking coal remained under pressure amid soft demand from China. The world's biggest miner posted $10.2 billion in underlying attributable profit for the year to June 30, it said Tuesday. Biotech giant CSL Ltd. said it will spin off its Seqirus vaccine business into a separately listed company, as it reported full-year profit that was slightly higher than expected. The spinoff will give Seqirus "autonomy to set an independent strategic direction, including capitalizing on potential opportunities that may arise in a highly dynamic vaccines market,'' CSL said. Qantas Airways Ltd. got a lashing from a Federal Court judge as it was fined A$90 million ($59 million) for illegally sacking almost 2,000 ground workers during the pandemic. Justice Michael Lee questioned the airline's degree of contrition and its commitment to change. Australia's economy can expand at a faster pace if governments regain the "growth mindset" that has been absent from decision making for far too long, said Danielle Wood, chair of the nation's Productivity Commission. Tapping one of the world's most-educated female workforces should be a priority for Australia's government, writes Bloomberg Opinion's Andreea Papuc. More women work part-time here than in almost any other developed nation. It's a missed opportunity to jump-start a once-lauded economy, says Papuc. | 
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