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Australia’s richest people under 40 revealed in new list

Canva co-founders Melanie Perkins and Cliff Obrecht remain at the top of the Australian Financial Review's Young Rich List for the sixth year running, and it doesn't look like their crown is going to be threatened any time soon.

The AFR's 2025 list, which ranks the wealthiest Australians under the age of 40, put the couple's estimated net worth at $18.5 billion.

Second on the list was Ed Craven, co-founder of online cryptocurrency casino site stake.com with an estimated $4.6 billion.

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Cliff Obrecht and Melanie Perkins.

To put that in perspective, the AFR estimates Perkins and Obrecht grew their fortune by $4.5 billion in just the past year.

Robbie and James Ferguson of cryptocurrency and blockchain company Immutable are in third with a combined net worth of $1.7 billion, followed by businessman Adrian Portelli with $1.4 billion.

Combined, the fortunes of the top 10 hit $31.7 billion, up 9.7 per cent from $28.9 billion in 2024.

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Outside the top 10, other familiar names appear.

Margot Robbie remains Australia's richest entertainer under 40, listed at 36 with an estimated fortune of $193 million.

Basketball star Ben Simmons (20th) is Australia's richest young sports star, worth a tidy $260 million.

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Margot Robbie at the Chanel Womenswear Spring/Summer 2026 show as part of Paris Fashion Week on October 6, 2025 in Paris, France.

Retired F1 driver Daniel Ricciardo (35th with $194 million), golfers Cameron Smith (41st with $176 million) and Jason Day (42nd with $167 billion), and F1 driver Oscar Piastri (56th with $122 million) also appear.

Piastri is one of 22 debutants on this year's list, a group collectively worth about $4 billion and which also includes The Block judge Marty Fox.

To qualify for the Young Rich List in 2025, people needed a fortune of at least $44 million, up from $38 million in 2024.

Ben Simmons.

The tech sector's dominance continued, contributing more than $28 billion, or 62 per cent, of the total net worth of the list in 2025.

"It's been another record-breaking year for the wealthiest Australians aged 40 and under, whose collective fortunes have risen 1700 per cent in the 22 years since the first Young Rich List was published by BRW," Rich List editor Yolanda Redrup said.

"When the list launched in 2003, the total net worth of the 62 people featured was only $2.5 billion."

The full list will be available on the AFR website tomorrow.

The Financial Review Young Rich List 2025's top 10

  1. Melanie Perkins and Cliff Obrecht, 38 and 39, $18.5 billion – Canva
  2. Ed Craven, 30, $4.6 billion – Stake.com
  3. Robbie and James Ferguson, 33 and 28, $1.7 billion – Immutable
  4. Adrian Portelli, 36, $1.4 billion – LMCT+
  5. Jack Zhang, 40, $1.3 billion – Airwallex
  6. Nick Molnar, 35, $1.1 billion – Block
  7. Andrew Tulloch, 35, $953 million – Thinking Machine Labs, Meta
  8. Paul Stovell, 39, $637 million – Octopus Deploy
  9. Jessica Sepel and Dean Steingold, 36 and 40, $486 million – JSHealth
  10. Nik Mirkovic and Alex Tomic, 30 and 32, $470 million each – Hismile

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This one company is now worth more than Japan, India and the UK

Nvidia has become the first $US5 trillion ($7.6 trillion) company, just three months after the Silicon Valley chipmaker was the first to break through the $US4 trillion barrier.

It has hit the incredible benchmark off the back of an artificial intelligence craze that’s widely viewed as the biggest tectonic shift in technology since Apple unveiled the first iPhone 18 years ago.

Apple rode the iPhone’s success to become the first publicly traded company to be valued at $US1 trillion, $US2 trillion and eventually $US3 trillion.

READ MORE: Web outage hits major services for the second time this month

But there are concerns of a possible AI bubble, with officials at the Bank of England earlier this month flagging the growing risk that tech stock prices pumped up by the AI boom could burst. The head of the International Monetary Fund has raised a similar alarm.

The ravenous appetite for Nvidia’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023. On Wednesday (Thursday AEDT), the shares closed at $US207.04 with 24.3 billion shares outstanding, putting its market cap at $US5.03 trillion.

Nvidia's value is now greater than the GDP of India, Japan and the United Kingdom, according to the International Monetary Fund.

Nvidia carved out an early lead in tailoring its chipsets known as graphics processing units, or GPUs, from use in powering video games to helping to train powerful AI systems, such as the technology behind ChatGPT and image generators.

Demand skyrocketed as more people began using AI chatbots. Tech companies scrambled for more chips to build and run them.

Nvidia Chief Executive Jensen Huang has downplayed concerns of a bubble bursting. He said the generative AI chatbots that were merely “interesting” when they first took hold a few years ago were now becoming so useful they would become profitable.

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Huang was headed to South Korea this week as leaders from major Pacific Rim economies, including the United States, China and Japan, gathered for the annual Asia-Pacific Economic Co-operation summit that has long championed free trade but is now confronting sweeping US tariffs on technology and other products.

The multilateral gathering in Gyeongju is expected to be overshadowed by a sideline event — a face-to-face meeting between Trump and Chinese leader Xi Jinping — as their intensifying trade war leaves the South Korean hosts in a difficult balancing act.

This week, Huang disclosed $US500 billion in chip orders. The company also announced a partnership with Uber on robotaxis and a $US1 billion investment in Nokia, with the two planning to work together on 6G technology.

In addition, Nvidia is teaming with the US Department of Energy to build seven new AI supercomputers.

Last month, Nvidia announced it would invest $US100 billion in OpenAI as part of a partnership that will add at least 10 gigawatts of Nvidia AI data centres to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT.

In August, Huang said Nvidia was discussing a potential new computer chip designed for China with the Trump administration. Trump said on Air Force One that he would speak to Xi about Nvidia's chips on the sidelines of the APEC event that Huang is also attending.

In August, Trump announced a deal with chipmakers Nvidia and AMD to lift export controls on sales of advanced chips to China in exchange for a 15 per cent cut of the revenue, despite concerns from national security experts that such chips would end up in the hands of Chinese military and intelligence services.

That same month, Trump announced the US government had taken a 10 per cent stake in Intel worth around $US11 billion.

Then, Nvidia announced last month it was investing $US5 billion in Intel and would collaborate with the struggling semiconductor company.

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Six-figure warning as ‘silver tsunami’ of 2.8 million Aussies head for retirement

A typical new retiree could lose out on as much as $136,000 over the course of their retirement due to the bewildering complexity of Australia's superannuation system, according to a new report.

The staggering figure—equivalent to $6,500 a year—was highlighted in modelling released today by the Super Members Council, which found the system's "daunting complexity" is stopping everyday Australians from achieving their full financial potential in their post-work years.

Australia is on the cusp of a "silver tsunami," with 2.8 million Australians racing towards retirement in the coming decade. This influx will effectively double the number of Australians retiring each year, jumping from 150,000 to 300,000.

READ MORE: Aussies won't get another rate cut after inflation data, bank predicts

Reform is needed to fix Australia's overly complex superannuation system, a new report has found.

The amount of money in super held by these retirees will almost double, too, soaring from around $750 billion over the past decade to almost $1.5 trillion over the next.

In its report, the Super Members points to the current complexity and rigidity of the system as a significant barrier to a simple, seamless transition into retirement for many.

One critical finding reveals that about 700,000 Australians over 65 who aren't working full-time still have their super sitting in taxed savings-phase super accounts, which drastically lowers their disposable income in retirement.

The report calls for a series of urgent, short-term reforms to prepare the super system, including the need to:

  • Expand access to simple, affordable financial advice and digital tools.

  • Enable safe and effective data sharing with Government to allow funds to optimise incomes and offer retirement income dashboards.

  • Support Smart Retirement Pathways and suggest the best retirement income solution for members.

  • Fix issues that lead to dual super accounts for retirees.

For the longer term, the council proposes bolder directions, such as simplifying a transition to tax-free income—including considering automatically removing tax from accounts at age 65 for eligible members—and rethinking minimum drawdown requirements for poorer retirees. It also recommends strengthening consumer protection by applying a quality filter on all retirement products.

Dispelling a "persistent myth" that most retirees underspend their super, the report actually shows that drawdowns are typically higher than the minimums required. In 2024–25, approximately 64 per cent of tax-free retirement account holders (two in every three retirees) withdrew above the minimum. This proportion was even higher for those with less than $50,000 in super, at 77 per cent.

"We need to make the shift into retirement so much simpler, easier and more intuitive for everyday Australians," Super Members Council CEO Misha Schubert said. 

"This challenge is now incredibly urgent as almost 3 million Australians start to race towards retirement in the coming years."

"Moving to a system of simpler, smarter pathways into retirement would mean every Australian could retire with confidence, knowing they're not missing out on money to pay the bills and enjoy life to the fullest."

The report's findings echo a report by the Grattan Institute, released in January, which found the complexity in Australia's superannuation system was leaving retirees stressed and lacking the confidence to spend their super savings.

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Hurricane death tolls rises as it bears down on resort paradise

Hurricane Melissa is now headed for the Bahamas to continue its path of destruction, as reports of rising death tolls in Jamaica and Haiti emerge.

The centre of Melissa is expected to cross the Bahamas mid-morning AEDT as a Category 2 storm, well down from its historic high as a Category 5.

But residents are still being told to brace for destruction, with the US National Hurricane Centre's latest advisory reporting top sustained winds of about 160km/hr.

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The US State Department has established a task force to manage the US response to the hurricane, with Secretary of State Marco Rubio confirming he had been in contact with regional leaders – though not mentioning Cuba.

"We have rescue and response teams heading to affected areas along with critical lifesaving supplies," Rubio said in a post on X.

"Our prayers are with the people of the Caribbean."

Flooding from Hurricane Melissa has killed 25 people in Haiti while the storm still churned across Cuba after leaving Jamaica with widespread damage and power outages, officials say.

Jean Bertrand Subrème, mayor of the southern Haitian coastal town of Petit-Goâve, told The Associated Press 25 people died after La Digue river burst its banks and flooded nearby homes. Dozens of homes collapsed and people were still trapped under rubble as of Wednesday morning (early Thursday AEDT), he said.

"I am overwhelmed by the situation," he said as he pleaded with the government to help rescue victims.

Only one official from Haiti's Civil Protection Agency was in the area, with residents struggling to evacuate amid heavy floodwaters unleashed by Hurricane Melissa in recent days.

In Jamaica, more than 25,000 people were packed into shelters on Wednesday, hours after Melissa made landfall as a catastrophic Category 5 storm with top winds of 295km/h, one of the strongest Atlantic hurricanes on record.

A government source told CNN four bodies had been recovered in Jamaica's St Elizabeth Parish, which was hit hard in the storm.

People kept streaming into the shelters throughout the day after the storm ripped off the roofs of their homes and left them temporarily homeless.

https://x.com/AndrewHolnessJM/status/1983616601464434863

"The conditions here are devastating, catastrophic is a mild term based on what we are observing here," Black River Mayor Richard Solomon said in a video posted by the Jamaica Constabulary Force.

Black River is a coastal town in south-west Jamaica. The western side of the island borne the brunt of the Category 5 hurricane, government officials said previously.

"The hospital is totally devastated," Solomon said.

"When I say we are immobile, police units are down, all the units at the EOC (Emergency Operations Centre) are down because they would have been covered with water throughout the hurricane.

"So at this point in time we're unable to do any rescuing. We're unable to respond. So we are trying to let everybody know that the situation here is devastating. We need all the help that we can and conditions are going to deteriorate as the day progresses because persons are feeling it already," he added.

Police Superintendent Coleridge Minto, commanding officer for the St Elizabeth Division of the Jamaica Constabulary Force, said the small food and water supplies available had been given to nurses and doctors.

Solomon added that a storage container with relief supplies was "totally wiped out." He and Minto called for aid from the prime minister and global organisations.

"It's not going to be an easy road, Jamaica," said Desmond McKenzie, deputy chairman of Jamaica's Disaster Risk Management Council.

"I know persons … are wondering what their future are going to be like."

Dana Morris Dixon, Jamaica's education minister, said that 77 per cent of the island was without power on Wednesday but the water systems were not greatly affected.

At least one death was earlier reported in the island nation's west when a tree fell on a baby, state minister Abka Fitz-Henley told local radio station Nationwide News Network.

Cuba still riding out the storm

Officials reported collapsed houses, blocked mountain roads and roofs blown off in Cuba on Wednesday, with the most destruction concentrated in the south-west and north-west. Authorities said about 735,000 people remained in shelters in eastern Cuba.

"That was hell. All night long, it was terrible," said Reinaldo Charon in Santiago de Cuba. The 52-year-old was one of the few people venturing out on Wednesday, covered by a plastic sheet in the intermittent rain.

Parts of Granma province, especially the municipal capital, Jiguaní, were underwater, said Governor Yanetsy Terry Gutiérrez. More than 40 centimetres of rain was reported in Jiguaní's settlement of Charco Redondo.

Melissa had top sustained winds of 155km/h, a Category 2 storm, and was moving north-east at 22 km/h, according to the US National Hurricane Centre in Miami. The hurricane was centred about 242 kilometres south of the central Bahamas.

Melissa was forecast to continue weakening as it crossed Cuba but remain strong as it moves across the south-eastern or central Bahamas later on Wednesday. It was expected to make its way late on Thursday near or to the west of Bermuda. Haiti and the Turks and Caicos also braced for its effects.

The storm was expected to generate a surge of up to four metres in the region and drop up to 51 centimetres of rain in parts of eastern Cuba. Intense rain could cause life-threatening flooding with numerous landslides, US forecasters said.

The hurricane could worsen Cuba's severe economic crisis, which already has led to prolonged power blackouts, as well as fuel and food shortages.

"There will be a lot of work to do. We know there will be a lot of damage," Cuban President Miguel Díaz-Canel said in a televised address, and urged the population not to underestimate the power of Melissa, "the strongest ever to hit national territory."

Jamaica rushes to assess the damage

Jamaican officials reported complications in analysing the damage, while the National Hurricane Centre said the local government had lifted the tropical storm warning.

"There's a total communication blackout on that side," Richard Thompson, acting director general of Jamaica's Office of Disaster Preparedness and Emergency Management, told the Nationwide News Network. More than half a million customers were without power late on Tuesday.

Prime Minister Andrew Holness is flying over the most affected areas, where crews were still trying to access areas and determine the extent of the damage, Dixon said.

Extensive damage was reported in parts of Clarendon in the south and in the south-western parish of St Elizabeth, which was "underwater" said McKenzie.

The Disaster Risk Management Council deputy chairman said the storm damaged four hospitals and left one without power, forcing officials to evacuate 75 patients.

Santa Cruz town in St Elizabeth parish was devastated. A landslide blocked main roads. Streets were reduced to mud pits. Residents swept water from homes as they tried to salvage belongings. Winds ripped off part of the roof at St Elizabeth Technical High School, a designated public shelter.

"I never see anything like this before in all my years living here," resident Jennifer Small said.

"The entire hillside came down last night," said another resident, Robert James.

The government said it hopes to reopen all of Jamaica's airports as early as Thursday to ensure quick distribution of emergency relief supplies.

The US government said it was deploying a disaster response team and search and rescue personnel to the region. And the State Department said non-emergency personnel and family members of US government employees were authorised to leave Jamaica because of the storm's impact.

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Struggling Aussies to be denied any more rate cuts, major bank predicts

Australians struggling under the weight of high mortgage repayments now won't receive any more relief from the RBA, according to one of the nation's biggest banks.

The Reserve Bank has handed down three rate cuts this year, and most economists had been predicting another one or two were still to come by midway through 2026.

Indeed, just a fortnight ago, the market had been pricing in a more than 80 per cent chance of a cut next week.

READ MORE: Rate cut hopes dashed after inflation data comes in hot

'Big Four Banks' - ANZ Bank, Commonwealth Bank, NAB Bank and Commonwealth Bank.

But yesterday's scorching inflation data, with the CPI rising by 1.3 per cent in the September quarter, while the trimmed mean – the RBA's preferred measure of underlying inflation – rose by an even 1.0 per cent.

Michele Bullock said on Monday that even a 0.9 per cent result on the latter measure would be a "material miss", and economists have been quick to push back their forecasts in the wake of yesterday's data.

Westpac, which had previously been an outlier as the only member of the big four to be banking on a rate cut next week, scrapped that prediction yesterday, saying even February may be too soon for the RBA to reduce the cash rate again.

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"Even a February cut is far from certain now, given the size of the upside surprise this quarter," chief economist Luci Ellis said. 

"We are conducting a full reassessment for the cash rate outlook in light of both the inflation outcome and the evolving picture on domestic demand."

The more alarming new forecast, though, came from Commonwealth Bank, which now believes the RBA is finished cutting and will leave the cash rate at 3.60 per cent for the foreseeable future.

"Given the material upside surprise to the Q3 25 CPI, and the broad‑based nature of pricing pressures, we now expect the RBA to remain on hold from here," senior economist Belinda Allen said. 

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"Previously, we expected one last rate cut in February 2026 to bring the cash rate back closer to neutral.

"Higher inflation and the cyclical upswing in demand now underway, driven largely by consumption and housing, will see the RBA conclude that the economy needs the cash rate to remain in slightly restrictive territory."

The nation's biggest lender even cautioned that the Reserve Bank may be forced to raise interest rates next year.

"The latest data has tilted the risks to the upside, and the RBA will be closely watching the monthly inflation data," Allen said.

"If inflation remains elevated in 2026 as we expect it could, the RBA may need to act."

READ MORE: Teenage cricketer fighting for life in hospital after being injured in warm-up

Ellis, though, had a silver lining for borrowers sweating on another rate cut, saying there could be more relief than expected next year because the chance of a pre-Christmas rate cut has been ended.

"Delay now adds to the chances of more cuts next year," the Westpac chief economist wrote.

"Over 2026, though, we expect the RBA to be surprised by the gradual softening in the labour market, and the resulting benign wages growth… easing in conditions should fade in 2027 assuming private sector demand growth does pick up as we are currently forecasting," she added. 

"By that point, though, inflation could be below the target midpoint, which would point to scope for less restrictive monetary policy."

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The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

Teenage cricketer fighting for life in hospital after being injured at training

A young cricketer is fighting for his life in hospital after suffering traumatic injuries at training in Melbourne yesterday.

Paramedics were called to Wally Tew Reserve in Ferntree Gully in Melbourne's outer-east about 4.45pm.

It is believed the player, a 17-year-old boy, had been batting in the nets when he was hit in the head and neck area by a ball bowled from an automatic machine.

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Cricket player fighting for life after being hit by ball in head and neck area Ferntree GullyThe boy was treated at the scene by an ambulance team and Advanced Life Support (ALS) paramedics.

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The boy was treated at the scene by an ambulance team and Advanced Life Support (ALS) paramedics.

He was taken in a critical condition to Monash Medical Centre in Clayton, where he remained on life support tonight.

His family, including his parents and brothers, are holding a vigil by his side in hospital.

Flowers were left by the nets following the incident.

The teenager, who turned 17 a few weeks ago, is believed to be a promising young cricket player who has won several awards at Ferntree Gully Cricket Club.

Wally Tew Reserve in Ferntree Gully

Ringwood and District Cricket Association chair Michael Finn said he was aware of the incident and that his thoughts are with the player and his family.

Cricket Australia and Cricket Victoria have been contacted for comment.

It's understood support is being offered to those in need.

Kids Helpline  1800 55 1800.

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Bureau of Meteorology make vow over website after public backlash

The government weather agency has confirmed it will make changes to its website after a multi-million dollar overhaul was widely criticised.

The Bureau of Meteorology (BoM) published wide-scale changes to its website last week, but a number of users complained about issues with accessibility and user-friendliness.

Some residents in Queensland even claimed the changes left them unprepared for wild weather in the state over the past week, with the state's Premier David Crisafulli claiming: "The changes to the website don't make sense… the website is flawed".

LIVE UPDATES: Heavy downpours, destructive winds – and crocodile alerts

The Bureau's acting chief executive Dr Peter Stone this afternoon defended the layout of the website, but committed to making improvements to the user experience.

The Bureau's acting chief executive Dr Peter Stone this afternoon defended the layout of the website, but committed to making improvements to the user experience.

"It's clear we need to do more to help people through the change, both by making adjustments to the website and by helping users to understand its new features," Stone said.

"The safety of Australians is our primary concern. "

Upgrades to the site, which had otherwise remained unchanged for the last 10 years, had been "specifically designed to enhance access to public safety information".

"The Bureau's forecasts and warnings are now more prominent, easily accessible and relevant to your location," he said.

"We want to reiterate that observations, forecasts, warnings and severe weather updates continue to be readily available on our website, the app and our social media channels."

Improvements to the digital weather service would be noticeable "in the coming weeks", Stone said.

Federal Environment Minister Murray Watt earlier announced he had requested a meeting with Stone, admitting the website was falling short of serving Australians well.

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Federal Environment Minister Murray Watt earlier announced he had requested a meeting with Stone, admitting the website was falling short of serving Australians well.

"It's clear that the new BOM website is not meeting many users' expectations," Watt said in a statement today.

"I requested a meeting with the Bureau of Meteorology Acting CEO, Mr Peter Stone, to discuss the public's concerns with its updated website.

"In the meeting, I made clear my expectations that the BOM needed to consider this feedback and, where appropriate, adjust the website's settings as soon as possible. This includes urgent consideration of improvements to the website's functionality and useability."

The upgrade cost an estimated $4.1 million.

A particular source of frustration were changes in the site's rain radar, which was criticised for making the recent storms in Queensland appear weaker than they actually were.

Queensland storms

Stone insisted public safety information and warnings had not been compromised by the website rollout.

"It's important to note that the website radar provides one view of the current weather situation," he said.

"It is not intended to replicate or replace the Bureau's weather warnings which are created by our expert meteorologists and issued ahead of a severe weather event."

Sunday's storm left tens of thousands of people without power and saw 11,000 insurance claims made in Brisbane alone as winds, rain and hail battered the sunshine state.

Watt said due to the wild weather that can hit all parts of Australia, the BoM website must function properly to ensure all Australians can be safe and prepare accordingly.

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"The BOM website is a critical tool to ensure public safety, particularly during the High Risk Weather Season and it must deliver the quality information our hardworking BOM staff are known for," he said.

"Australians deserve to have confidence in these important services."

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‘National security threat’: Federal police reveal new top priority

The Australian Federal Police has made the capture of a man suspected of conspiring with foreign spies to help orchestrate the firebombing of a Melbourne synagogue its number one priority.

Krissy Barrett made her first major speech as commissioner today, in which she addressed a growing threat of countries and criminals attempting to "test the resolve" of Australia's democracy and social cohesion.

"For example, an individual we suspect is responsible for a number of tobacco-related arsons in Australia, is a person of interest in the investigation into the alleged politically motivated arson attack on the Adass Israel Synagogue," she told the National Press Club.

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Australian Federal Police Commissioner Krissy Barrett.

Barrett named him as her "number one priority" as she works to protect Australia's sovereignty.

"That person is a national security threat to this country," she said.

"Of all the alleged criminals accused of threatening Australia, he is my number one priority, and I have tasked my most experienced criminal hunters to target him."

Prime Minister Anthony Albanese announced late in August that Iran was behind at least two antisemitic attacks in Australia, including the firebombing of Adass Israel Synagogue on December 6, which gutted the building and rocked Melbourne's Jewish community.

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Israel's intelligence agency, Mossad, this week named Sardar Amar as the man who planned the antisemitic attacks in Australia, as well as Greece and Germany.

Amar is a senior commander in the Islamic Revolutionary Guard Corps and the leader of an estimated 11,000 operatives.

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Sardar Amar israel iran australia anti-semitic attacks

"Under Amar's command, a significant mechanism was established to promote attacks against Israeli and Jewish targets both in Israel and abroad," Israeli Prime Minister Benjamin Netanyahu said.

Three local men, aged between 20 and 21, have been charged over last year's firebombing in Melbourne.

Two men are alleged to have set the synagogue alight, while the third is accused of stealing and driving a car involved in the attack.

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Rapist ex-MP’s sentence delayed by 11th-hour legal bid

A disgraced ex-MP's sentencing for the sexual assault of two young men has been delayed after an eleventh-hour court bid by his lawyers.

Former Kiama state MP Gareth Ward was found guilty of rape and three indecent assaults in July following a jury trial.

The 44-year-old was due to learn his fate at Parramatta District Court today.

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NSW independent MP Gareth Ward outside court.

But the date was pushed back to Friday after Ward's lawyer, Steven Burns, asked for extra time to make submissions about how the court should sentence his client.

A dispute between prosecutors and Ward's lawyers arose over whether he should be sentenced based on current court practices or those in place when the crimes were committed in 2013 and 2015.

Neither party opposed a short adjournment, but Judge Kara Shead chastised them for the "regrettable" delay over an issue that could have been raised earlier.

She acknowledged the frustration of Ward's two victims, who were watching the hearing via an audio-visual link.

The former MP, who has been held in custody since July, dialled in wearing prison greens but did not speak during the brief appearance.

Ward invited a drunk 18-year-old man to his home on the NSW south coast in February 2013 after hearing the teen was having troubles with his girlfriend.

They continued drinking before the MP indecently assaulted him on the grass outside and in his bedroom.

"No, like I'm going to sleep. Get off," the teen said while on the politician's bed.

Ward replied: "No, relax. You know I'll give you a massage."

LIVE UPDATES: Hurricane Melissa tears through Jamaica

Gareth Ward was found guilty on all counts.

Two years later, Ward sexually assaulted an intoxicated political staffer at the then-Liberal MP's inner-city apartment after a mid-week event at NSW Parliament House.

The man, who was 24 at the time, said Ward climbed into bed with him, groped his backside and sexually assaulted him despite him repeatedly saying "no".

He testified to the jury that he was uncomfortable and felt "a jolt kind of pain".

He said in a victim impact statement that any hope he had of finding future love after coming out in his 20s had been taken away by what happened.

"I was raped by a politician – someone entrusted with protecting our most vulnerable," the man wrote.

Ward's other victim reported being haunted by that night and fearing for his safety in the lead-up to the trial.

"The cost of this experience … has been a numbness, a dulling of my ability to fully experience and enjoy the positive things in life," he wrote.

Ward has relied on his legal blindness and his public fall from grace to argue he should be given a community sentence rather than a jail term.

Character references tendered with the court, including from former Liberal MP Shelley Hancock, said the offending was out of character.

"I absolutely affirm that Gareth would not be a danger to anyone in the community at all," Hancock wrote.

After reports police were investigating sexual crime allegations in 2021, Ward was removed from his position as minister for families, communities and disability services and shifted to the crossbench.

His personal vote was so significant he was re-elected as an independent during the 2023 election despite the charges hanging over his head.

Ward resigned from his position in August, hours before a parliamentary expulsion vote was due to take place.

In doing so, he narrowly avoided becoming the fifth person expelled from NSW Parliament in two centuries.

1800 RESPECT (1800 737 732)

National Sexual Abuse and Redress Support Service 1800 211 028

Lifeline 13 11 14

beyondblue 1300 22 4636