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Construction PRO
The failed construction business of Allmine Group's Arccon was not insolvent when it paid $7 million in tax liabilities, despite signs of financial distress, a judge has found, dismissing a case by a liquidator's assignee against the tax office.
KPMG told Ashurst that a whistleblower had not provided sufficient detail for the firm to determine whether his disclosures were protected under the whistleblower regime, despite having covertly downloaded information on his complaints from his computer.
South Australian Premier Peter Malinauskus has announced the government will conduct a royal commission into artificial intelligence, just days after signing a memorandum of understanding with OpenAI.
Law firm Sparke Helmore has teamed up with tech services company Adaca to launch an AI firm for government clients, promising a "unique combination of legal and technical assurance".
Construction PRO
Lendlease has sold its 50 per cent stake in two shopping centres in Perth and Brisbane to Cbus Property for around $1.3 billion.
Construction PRO
Macquarie Asset Management is partnering with Anthropic and Singaporean sovereign wealth fund GIC on data centre infrastructure, with the partnership to initially focus on data centres in the US.
The ACCC has opposed US-based keg pooling company Kegstar's proposed acquisition of the assets of rival Konvoy, the latest acquisition blocked since the new mandatory merger review came into effect.
Star's former chief legal offer has won a stay of a $400,000 penalty as she appeals a finding that she breached her directors' duties by failing to alert the company's board to money laundering risks in its Sydney casino.
Construction PRO
Firmus has secured $2.8 billion in equity commitments to speed the rollout of its data centres across Australia, as the AI data centre start-up preps for a debut on the ASX later this year.