  Chandra observations of the supermassive black hole in the nucleus of IC1459
show a weak [L_X=8x10(40)erg s(-1), 0.3-8keV], unabsorbed nuclear X-ray source,
with a slope Gamma=1.88+/-0.09, and no strong Fe-K line at 6.4keV (EW$<382 eV).
This describes a normal AGN X-ray spectrum, but lies at 3x10(-7) below the
Eddington limit. The SED of the IC1459 nucleus is extremely radio loud compared
to normal radio-loud quasars. The nucleus is surrounded by hot ISM (kT~0.5-0.6
keV) with an average density of 0.3cm(-3), within the central ~180 pc radius,
which is comparable to the gravitational capture radius, r_A~140 pc. We
estimate that for a standard AGN efficiency of 10%, the Bondi accretion would
correspond to a luminosity of ~6x10(44)erg s(-1), nearly four orders of
magnitude higher than L_X. ADAF solutions can explain the X-ray spectrum, but
not the high radio/X-ray ratio. A jet model fits the radio-100micron and X-ray
spectra well. The total power in this jet is ~10% of L(Bondi), implying that
accretion close to the Bondi rate is needed.
