Companies

The former chair of Westpac’s board audit committee did not disclose allegations made by a whistleblower that KPMG breached its confidentiality obligations, having resigned due to his “social engagements” with senior members of the accounting firm during a tender, an inquiry has heard.

A consortium of Acciona and John Holland and two other groups of tunnelling experts have been shortlisted for a project to develop plans for the Sydney high speed rail project.

Ainsworth Game Technology will pay $8.5 million to settle a brewing patent dispute with rival poker machine maker Aristocrat, following a landmark appeals court ruling last year.

A judge has ruled that building materials giant Boral breached its continuous disclosure obligations, in a win for a class action, but will wait on the High Court's ruling in cases against CBA before deciding whether shareholders have established damages.

Nuix's former boss Rod Vawdrey was almost ousted in 2019, a trial court heard Thursday, with a shareholder class action pointing to a board paper that referred to the software firm's “toxic, no-trust, fear-based culture”. 

Arrium's former directors and auditor KPMG have lost a challenge to a key report relied on by shareholders in a class action over the collapsed steelmaker that says the company overstated the value of its assets.

The chair of Dexus told a parliamentary inquiry Friday that this initial reaction to an Allens report into a whistleblower’s allegations about ethical failures at KPMG was “why didn’t you come and talk to us?”.

X Corp has won a dispute with the eSafety Commissioner, with a judge finding it is is not required to comply with a new online safety standard for messaging apps because it already follows rules for social media companies.

The federal and NSW governments have committed $2.5 billion to save Rio Tinto's Tomago Aluminium smelter in the Hunter region. 

Macquarie Group chairman Glenn Stevens will face the latest parliamentary joint committee hearing Friday into KPMG ethic's scandal, joining executives from Westpac, Optus and Dexus.