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ACCC not ready to let Yamaha acquisition of Telwater sail through
The competition regulator has expressed worries that Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater could substantially lessen competition in the wholesale supply of outboard motors.
Construction PRO
ACE Power wins fast-track approval for NSW solar farm
ACE Power and Osaka Gas have won fast-track approval for a 141-megawatt solar farm and battery energy storage system in NSW, with the government signing off on the project in just 19 days.
Australian Clinical Labs hit with $5.8M penalty over data breach
In the first-ever civil penalty proceedings for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has been ordered to pay $5.8 million over a 2022 data breach that compromised the sensitive personal information of 223,000 customers of its Medlab business.
Abbey appeals failure in bid to invalidate patent for antiparasitic drug
Abbey Animal Health has appealed its loss in a suit seeking to invalidate rival Virbac's patent for an antiparasitic drug.
Construction PRO
AGL, Someva Renewables win thumbs up for Pottinger Energy Park
A joint venture of AGL Energy and Someva Renewables has been given the government's go-ahead for a new wind farm in NSW's Riverina region that is expected to power almost 600,000 homes.
ASIC says 15 auditors likely did not comply with independence rules
A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.
Defamation lawyer who defeated Roberts-Smith case among 23 new silks in NSW
Twenty-three barristers in NSW have joined the silk ranks, including a leading defamation lawyer who was on the Fairfax legal team that defeated accused war criminal Ben Roberts-Smith's defamation suit.
CBA unit to pay $119.5M to settle consumer class action
Commonwealth Bank's New Zealand unit, ASB Bank, has agreed to pay $119.35 million to settle a class action alleging it failed to repay fees and interest wrongly charged to 150,000 customers who took out home or personal loans.
Man sentenced for insider trading ahead of $20M Cann Group share placement
A Victorian man has pleaded guilty and been sentenced for trading on insider information ahead of the public announcement of a $20 million share placement for medical cannabis company Cann Group.
Construction PRO
Snowy Hydro 2.0 project suffers another costs blowout
Renewables project Snowy Hydro 2.0 has said it will not be able to complete the ambitious infrastructure project within its $12 billion budget, which was previously increased from $2 billion.