An undisclosed Asian investor has acquired a Commonwealth Bank-anchored property in Sydney’s south-west for $31.3 million.
The privacy commissioner has found Kmart Australia breached privacy laws by using facial recognition technology in its stores to combat refund fraud, finding the privacy invasion was disproportionate.
German car hire company SIXT has expanded its $1.9 million case against the Darwin International and Alice Springs airports over allegedly unlawful lease agreements, alleging the Darwin airport acting unconscionably and in retaliation by serving it with a notice to vacate the airport site.
Advised by Corrs Chambers Westgarth, uranium producer Paladin Energy has raised $300 million to advance its Patterson Lake South project in Canada.
Packing giant Pact Group, owned by billionaire Raphael Geminder, has won its bid to have two barristers cross-examine an expert for logistics and supply chain company TIC Group when their dispute over a $30 million earn out payment goes to trial in December.
Super Retail Group CEO Anthony Heraghty has been fired for inadequate disclosures about his affair with former HR head Jane Kelly, over a year after the retailer told investors an investigation found whistleblowers allegations about the affair were unsubstantiated.
A consortium led by the investment arm of Abu Dhabi’s National Oil Company has dropped a $30 billion takeover bid for oil giant Santos.
AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.
The Albanese government has launched a program lo award $500 million in grants for green iron projects, in a move to decarbonise one of the world’s most carbon-intensive industries.