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ASIC launches suit against missing ex-Blockchain Global director
Cryptocurrency 2025-05-28 11:55 pm By Andy Sidler

The corporate watchdog has brought proceedings against the former director of collapsed cryptocurrency exchange platform Blockchain Global for alleged violations of his directors duties. 

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Class action says AMP did ‘nothing’ for 12 years to get better rate for super clients
Class Actions 2025-05-27 11:25 pm By Andy Sidler

On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank.

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ASIC seeks $30M penalty for Westpac’s ‘scandalous’ conduct
Financial Services 2025-05-26 11:17 pm By Andy Sidler

ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused  financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.

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Glencore gets OK to expand Ulan coal mine operations
Energy & Natural Resources 2025-05-27 11:35 pm By Andy Sidler

The NSW government has granted mine operator Glencore permission to run the Ulan coal mine until 2035, allowing for the extraction of an additional 18.8 million tonnes of coal, despite net zero targets on the horizon.

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Freezing orders extended against people with suspected links to Keystone
ASIC 2025-05-26 11:25 pm By Andy Sidler

A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.

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Judge approves ‘high end’ 30% GCO in JB Hi-Fi class action
Class Actions 2025-05-23 11:15 pm By Andy Sidler

A judge has approved Maurice Blackburn’s 30 per cent group cost order in a class action against JB Hi-Fi over worthless warranties, noting the ‘high end’ rate would be reviewed at a later stage.

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Northern Iron administrators win extra six months to maximise sales process
Energy & Natural Resources 2025-05-26 11:02 am By Andy Sidler

The administrators of a Northern Territory iron ore company have won extra time to hold a second creditors meeting in hopes of securing a deed of company arrangement, despite protests from creditor Aurizon.

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Court tosses Clive Palmer’s expert reports on eve of CITIC trial
Energy & Natural Resources 2025-05-23 11:56 pm By Andy Sidler

A judge has found that expert reports submitted by Clive Palmer and his company Mineralogy in a fight against CITIC over royalty payments for the Yabulu Refinery present a “fresh case” and don’t comply with court orders. 

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Court won’t bless Strongroom AI’s sale ahead of creditors meeting
Restructuring & Insolvency 2025-05-21 11:21 pm By Andy Sidler

Medtech start-up Strongroom AI has lost its bid for a court order blessing its proposal to sell the company to SRSPV Pty Ltd prior to a second creditors meeting.

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Agincourt Hotel the third Sydney watering hole to change hands this month
Real Estate 2025-05-22 10:53 pm By Andy Sidler

Sydney pub the Agincourt Hotel, the home of Club 871 and live entertainment venue The Alley, has been sold to an investor group with plans to refurbish. 

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