Woolworths has been hit with a shareholder class action for underpaying workers hundred of millions of dollars, with investors alleging the supermarket giant issued inflated financial statements by failing to account for proper staff remuneration.
Grand Ridge Plantations has lost an appeal seeking to halve the official valuation of its Gippsland timber forest, with a court finding that the trees on the land must be included in its assessed value.
Adelaide lawyer Jason Karas must pay $41 million to his former business partner and law firm after he was found to have covertly negotiated to sell the firm’s Hong Kong-based entity while in the throes of ending the partnership.
Real estate fund manager Centuria Capital has acquired the management rights to 22 agricultural properties worth $444 million, expanding its portfolio in the sector to $1.3 billion.
An appeals court has allowed developer Sayers Property’s $1.9 million insurance claim in relation to a $11 million purchase of land.
The operator of the Snowy Mountains hydro-electric scheme has secured new partnerships with a South Australian wind farm and a Victorian battery storage facility.
Renewable energy company Ampyr has signed a $300 million battery storage deal with Denmark-based energy trading company InCommodities.
ASIC wants a contempt ruling against the couple behind Gold Coast-based property developer ALAMMC Developments after they allegedly moved more than $500,000 out of frozen accounts and failed to disclose assets, including two racehorses, one of which is named ‘Within the Law’.
Sportsbet has launched a cross-claim in a class action alleging it provided unlawful in-play betting services, arguing that users of the contentious service should have to pay back their winnings if the lawsuit succeeds.
The purchaser of Frankston’s $115 million Peninsula Kingswood Country Golf Club has lost a summary dismissal bid, with the court calling out its “contrariness” as stymieing the case’s progress without real cause.