The Australian Securities and Investments Commission (ASIC) is nearing approval for a rival exchange to compete with the ASX, signaling potential changes in Australia's financial market landscape. Meanwhile, an engineer involved in constructing Melbourne's public housing towers has criticized plans to demolish them, calling the buildings "icons."

Editor’s Note: This story highlights two significant developments: a potential shake-up in Australia's stock exchange scene with a new competitor, and a heated debate over urban development as Melbourne considers tearing down historic public housing. For investors, a rival exchange could mean more options and competition, while the housing debate reflects broader tensions over heritage, affordability, and city planning.