ASIC has told a court that a PwC report into allegations of inaccurate coal pricing found that 12 “inconsistent” invoices issued by TerraCom resulted in a $1.15 million benefit to the company, contrary to the company’s claim that the audit found no wrongdoing.
A judge has urged the Northern Territory public housing authority and a discrimination class action to seek the court’s assistance instead of resorting to lengthy correspondence as they “lock antlers” over discovery and factual matters.
NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.
Pithy one-liners and even pithier rulings are just part of NSW Supreme Court judge James Stevenson’s legacy as he steps down from the bench, bringing to an end a class of judicial staffers known as “Team Stevo”
The Australian Securities and Investments Commission has launched action against Australian Unity, alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
A judge has granted Shaw & Partners’ bid for preliminary discovery for a possible suit against an advisor that jumped ship to Solomons Wealth Management.
The Fair Work Ombudsman will seek default judgment against former CFMEU secretary John Setka, who has failed to engage with the regulator’s case alleging he attempted to get the former head of the construction industry regulator fired.
Roberts Co will have to pay a $3.2 million payment claim served by subcontractor Sharvain Facades at 7:18pm on a Friday, after a judge found the claim was validly issued that day.
A judge has rejected developer Kaloriziko’s claim that a property deal involving related parties extinguished a $2.12 million liability to a builder in relation to the construction of the ‘Sky Gardens’ residential development in Ryde, NSW.
A judge has confirmed that 5Point, the developer of a beach-front apartment complex in Palm Beach, can add an additional two storeys to the tower, finding that the region is becoming a medium density area which can visually accommodate high rise buildings. Luxury developer 5Point was approved in October 2023 to begin construction on the…