The corporate regulator has claimed it played a role in Nine’s decision to write down by $260 million the goodwill value of its television network, a week after it revealed a similar involvement in a $75.5 million impairment at Seven West Media. Nine’s writedown was announced in its half-year results on February 23 and pushed a $75 million underlying profit into a $237 million loss for the first half.

East Timor plans to negotiate a larger share of the oil and gas wealth in the seabed between the impoverished Southeast Asian nation and Australia by restarting talks on a maritime boundary. East Timor and Australia said in a joint statement on Monday that the tiny half-island country plans to give its wealthy neighbor three months’ notice that a bilateral treaty on sharing Timor Sea oil and gas will be terminated.