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Appeal filed in failed class action against ex-CBA unit Count Financial
Class Actions 2025-06-30 11:40 pm By Cat Fredenburgh

Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients’ best interest.

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Queens Wharf partners terminate $53M deal to buy out Star’s stake
Construction 2025-06-30 11:53 pm By Cat Fredenburgh

Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment’s stake in the Queen’s Wharf entertainment project in Brisbane.

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ASIC takes action against companies of steel baron Sanjeev Gupta
ASIC 2025-06-27 11:13 pm By Cat Fredenburgh

The corporate regulator has brought action against three companies in Sanjeev Gupta’s steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.

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EML Payments settles shareholder class action for $37M
Class Actions 2025-06-25 11:14 pm By Cat Fredenburgh

Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.

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Brookfield to sell Aveo to Scape in $3.85B deal
Real Estate 2025-06-26 11:53 pm By Cat Fredenburgh

Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what’s been touted as the largest-ever direct real estate transactions in Australia. 

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Richard Crookes awarded contract for $300M Powerhouse Museum revamp
Construction 2025-06-26 11:55 pm By Cat Fredenburgh

Builder Richard Crookes has won a contract to rebuild the historic Powerhouse Museum, with two museum buildings found to have unsafe steel structures that will need to be replaced.

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ACCC targets Dendy Cinema for ‘drip’ pricing
Competition & Consumer Protection 2025-06-25 11:14 pm By Cat Fredenburgh

Dendy Cinema has paid a $19,800 penalty after the ACCC alleged it failed to prominently display the total price for movie tickets sold online at the earliest point in the sale process, a practice known as ‘drip’ pricing.

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Queensland childcare centre loses challenge to payment ruling under $11M contract
Construction 2025-06-25 10:54 pm By Cat Fredenburgh

Childcare centre Bright Days is on the hook for a $1 million payment to builder ATG under an $11 million construction contract, after a judge rejected its argument that an adjudicator’s decision not to determine a payment application due to a perceived conflict of interest was a determination of the application.

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Renewable hydrogen first product up for certification under GO regime
Energy & Natural Resources 2025-06-25 11:07 pm By Cat Fredenburgh

The federal government is seeking feedback on its proposed GO emissions accounting scheme, which will certify the provenance of low-emissions products and renewable electricity, starting with ‘green’ hydrogen.

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Rio Tinto, Hancock Prospecting commit $2.5B to Pilbara JV
Energy & Natural Resources 2025-06-24 11:13 pm By Cat Fredenburgh

Rio Tinto and Gina Rinehart-owned Hancock Prospecting will invest $2.47 billion to develop a Western Australian iron ore project as part of the Hope Downs joint venture.

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