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$38m profit, 0.05pc tax: The high-wire payments act from Nowra

The Australian Financial Review (AFR) •
November 12, 2026 • 10:00 PM
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Dane Cornish built a multimillion-dollar global payments business from the sleepy NSW South Coast. But some of its colourful clientele are causing trouble.

$38m profit, 0.05pc tax: The high-wire payments act from Nowra

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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