Australia news live: government lends Arnott’s $45m for global Tim Tams push; Ashton Hurn confirmed as new SA Liberals leader | Australia news

Australia news live: government lends Arnott’s $45m for global Tim Tams push; Ashton Hurn confirmed as new SA Liberals leader | Australia news


Government fund lends $45m to Arnott’s to help Tim Tams go global

Patrick Commins

The government’s National Reconstruction Fund has lent Arnott’s Group $45m to help support the Australian name to take Tim Tams worldwide.

The money will be used to refinance $1.75bn in debt that comes due in 2026, which is earmarked for “planned future growth capital expenditure”.

Tim Tams are already stocked in all major British supermarkets and are reportedly selling well – Brits have bought more than 5 million packets since the biscuits hit shelves in April 2024.

The NRF has $15bn in taxpayer money to invest in the country’s manufacturing capability, and recently also lent $36m to the country’s biggest meat pie maker, Patties Food Group.

Arnott’s has been around since 1865 and employs 2,500 people across five facilities.

While Arnott’s is an iconic Australian name, the company is owned by American private equity giant KKR, which bought the company from Campbell Soup Company in 2019.

Arnott’s has not been Australian owned since 1997.

A shelf full of Tim Tams
Photograph: Martin Berry/Alamy
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Luca Ittimani

Luca Ittimani

New Zealand man allegedly caught trying to bring $10m of heroin into Australia

A 21-year-old New Zealander has been caught allegedly attempting to bring $10m worth of heroin in floral-patterned bags from Thailand to Australia.

The man flew into Sydney Airport on Sunday and was chosen for a baggage examination by Border Force officers, who searched his two suitcases, according to the Australian Federal Police.

Officers allegedly found 21 floral-patterned, vacuum sealed bags with a combined weight of 21kg, containing a white powdery substance, which testing determined was heroin.

Police said the heroin would have had an estimated street value over $10m and accounted for about 100,000 street-level sales had it reached the Australian community.

AFP officers arrested the man at the airport and he was charged with importing a commercial quantity of a border-controlled drug, an offence with a maximum penalty of life imprisonment. He was expected to face court today.

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