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Construction PRO
The ACT revenue office has lost its claim that developer Molonglo should pay $100 million to develop land held under a Crown lease, while Molonglo’s argument that the tax should be nil has also been rejected.
The chief judge of the Federal Court has told Chubb Insurance to consider whether it wants to be held responsible for the commercial viability of Evolution Precast Systems, which has been denied coverage over the ill-fated Opal Tower and faces myriad legal claims.
The prefab concrete specialist behind Sydney's Opal Tower, which has been targeted in a class action over the ill-fated building, has told a court that a dispute with its insurer should be resolved promptly so that it can defend itself in the proceedings.