CBD
The "Julia Gillard" nameplate was still on the door of the Prime Minister's office late Thursday, even though the parliamentary staffers are known to be usually efficient when it comes to matters of protocol. The seat of power may have shifted but like CBD's recent loss of his prized corner office, traditions (and papers) were being shredded.
Until earlier this week, Kevin Rudd was just a humble backbencher with broom closet office. So on Thursday the new Prime Minister's office had temporarily shifted to Anthony Albanese's slightly larger ministerial office where Rudd and Albanese (pictured) were running the nation while doing their own version of hot-desking.
Gala fails to pull
A cold night in Canberra, free beer, food and the State of Origin would usually be enough to pull a crowd. But that wasn't the case when an old-fashioned leadership stoush is in the air.
The last two sitting weeks before the parliamentary winter recess is usually a big deal for corporate lobbyists, chief executives and other out-of-towners and hangers-on. At least a dozen events were scheduled but there was only one thing going on it town.
The biggest of these was the Minerals Council of Australia's gala dinner at Parliament's Great Hall to cap off Minerals Week. The guest of honour, Julia Gillard, had to send her apologies. Resources Minister Gary Gray stepped in where he announced Nelson Mandela had passed away and Liberal MP Philip Ruddock was retiring from Parliament. Gray later apologised to South Africa's high commissioner for relaying wrong advice. No apologies were given to Liberal HQ for the incorrect Ruddock comments.
With political staffers running numbers in the back rooms and every journalist in town camped outside the Labor caucus room there were quite a few empty seats. Those there were less focused on retiring Minerals Council chief Mitch Hooke, but checking phones for updates.
Trouble brewing
Across town the much-anticipated Australian Brewers Association annual meeting was also getting under way at the Rugby Union Club in nearby Barton.
"The night turned into a whole new experience for us all - it was totally beyond our control," Brewers Association of Australia chief executive Denita Wawn told CBD. "We were anticipating about 150 to 200 people ... but just a fraction were able to attend."
The brewers even pulled out all stops - including a shuttle bus from Parliament. "We had lucky door prizes - you name it ... It was supposed to be a really big night. There were at least 30 varieties of beer up for sampling," Wawn said.
"Of the 10 television screens we had there, there was just one on the Origin and everyone else was glued to the events unfolding in Parliament House," she said.
This was the first time the annual event was held in Canberra. But it hasn't dulled the enthusiasm of the brewers. "We'll be back next year," Wawn insists.
Under the radar
For some, though, it certainly helps to have the gaze focused elsewhere. And so CBD combed through the 40 or so announcements lodged with the Australian Securities Exchange between 6pm and the close of business on Wednesday night. Highlights include Ezeatm alerting all about a legal action by former CEO Todd Zani who took issue about his removal as a director.
Biotech Cell Aquaculture dropped its half-year report just after 7pm as members of the Labor caucus were sharpening their pencils. The report included a loss of $429,000 and a qualification from auditors BDO about a mysterious $232,686 expense. Elsewhere, one time Silman Family plaything Bisan also saw fit to flag the sudden resignation of director David Bernard.
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Frequently Asked Questions about this Article…
The article highlights several ASX announcements investors should note: Ezeatm advised of legal action by former CEO Todd Zani over his removal as a director; Biotech Cell Aquaculture released a half‑year report showing a $429,000 loss and an auditor (BDO) qualification relating to a $232,686 expense; and Bisan flagged the sudden resignation of director David Bernard. Investors should read the full ASX notices and company reports for details.
An auditor qualification—like the one BDO issued in Biotech Cell Aquaculture's half‑year report—means the auditor has concerns about some aspect of the financial statements (in this case a $232,686 expense). For investors, an auditor qualification signals uncertainty or a potential issue to investigate further: read the auditor’s comments, look for company explanations, and monitor any updates or remedial actions.
A reported half‑year loss is a prompt to dig into the details. Check the company’s explanation for the loss, cash position, forecasts and any auditor notes (the article mentions Biotech Cell Aquaculture’s auditor qualification). Assess whether the loss is one‑off or structural, and watch for management commentary, remediation plans or subsequent ASX updates.
Legal action by a former CEO can indicate corporate governance disputes, potential legal costs and reputational risk. Investors should review the ASX announcement for the nature of the claim, follow subsequent company disclosures, and consider how governance or leadership instability might affect operations until the matter is resolved.
A sudden director resignation can be a red flag or simply a management change—context matters. Shareholders should look for the company’s explanation, details about succession or interim appointments, any linked announcements (e.g., related resignations or governance issues), and monitor for further ASX disclosures that clarify the reason and potential impact.
Yes—high‑profile political events can disrupt corporate gatherings and shift attention, as the article describes when leadership turmoil in Canberra drew people away from industry galas and meetings. For investors this means scheduled investor events or networking opportunities may be postponed or poorly attended, and media focus can rapidly shift to political developments that may temporarily overshadow company news.
If announcements are lodged after hours (the article notes some notices came in after 7pm or close of business), investors should still review them promptly on the ASX announcements platform or the company’s investor‑relations page. Look for material information, follow‑up releases, and any trading halts or clarifications before the next trading session.
Reliable sources include the ASX announcements page for each company, official company investor relations or press release pages, and auditor reports lodged with financial statements. For governance or legal matters, read the full ASX notice and any linked documents, and watch for subsequent updates from the company or its auditor.

