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Netwealth admits First Guardian failures in ASIC case, will pay $100M
Super trustee Netwealth has agreed to return over $100 million to members who invested their retirement savings in the First Guardian Master Fund, in the latest action by the corporate regulator over the failed fund.
Construction PRO
Qube sells stake in Beveridge Intermodal Precinct for $100M profit
Logistics giant Qube has shed its interest in a 202-hectare property at Beveridge in Melbourne's north to Hong Kong-based asset manager C Capital for $111 million.
Construction PRO
Jacobs Group wins stay of Brisbane Airport’s defective runway case
Engineering consulting firm Jacobs Group has won a stay of proceedings by Brisbane Airport Corporation, after arguing the case was launched in contravention of an arbitration agreement.
Construction PRO
Subcontractor fails on appeal over RSL club’s set-off defence
All Civil Solutions Group has lost its appeal against a ruling that allowed the Woonona-Bulli RSL Memorial Club to raise a set-off defence against the subcontractor's claim under the Contractor's Debt Act.
Construction PRO
‘Extraordinary’: Judge tosses OC’s bid for details from Max Build after evidence thrown out
Its evidence was ruled inadmissible and it briefed new counsel, but that doesn't entitle the owners corporation of a Sydney apartment building to more details of Max Build's contract case, a judge has said.
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Acciona, Genus tapped for construction of Western Renewables Link
Energy company AusNet has appointed infrastructure companies Acciona and Genus to build Victoria's 190km Western Renewables Link.
Platinum insider trader must surrender passport ahead of sentencing
Investment manager Rodney Forrest must hand over his passport to an ASIC investigator before his sentencing next month for trading in shares in Platinum Asset Management armed with insider intelligence.
Construction PRO
Effort to revive $400M case over Pentridge Village development fails
A developer has failed to revive its $400 million lawsuit against an investor over a development at the site of the former Pentridge Prison in Victoria, with an appeals court agreeing the case was properly dismissed. 
Bupa must pay $35M in unconscionable conduct case
A court has slapped private health insurer Bupa with a $35 million penalty after it admitted to misleading thousands of customers about their benefits for over five years.
Construction PRO
Morisson’s UTA takes full stake in Sydney Desalination Plant
Advised by Johnson Winter Slattery, Morrison-managed investment fund Utilities Trust of Australia has bought out a Canadian pension fund for full ownership of the Sydney Desalination Plant.