$38m profit, 0.05pc tax: The high-wire payments act from Nowra
by Maxim Shanahan · Australian Financial ReviewMaxim ShanahanNight homepage editor
Nov 13, 2026 – 9.00am
Head up the hill from Cristiano Ronaldo’s mansion, skirt around the luxury golf resorts and go past the polo club, and you will arrive near the Portuguese perch of one of Australia’s most elusive entrepreneurs.
This is Cascais, a well-heeled town on the edge of the so-called Portuguese Riviera, stretching out from Lisbon towards the Atlantic. Once the summer home of Portugal’s royal family, its coastline is dotted with faux-chateaus built for the various abdicated, exiled and overthrown European nobles who retreated to this far corner of the continent last century.
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Maxim ShanahanNight homepage editorMaxim Shanahan is a night homepage editor at The Australian Financial Review and was previously its professional services reporter.
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