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ANZ may be on hook for $102.5M bill after losing class action
ANZ's New Zealand unit says it may be on the hook for $102.5 million (NZ$125 million) after losing a class action alleging it failed to repay fees and interest wrongly charged to customers who took out home or personal loans.
Woolworths faced loss of status with Mastercard if it used EFTPOS, trial told
A trial judge has heard that Mastercard's top Australian executives discussed stripping Woolworths of strategic merchant status if the supermarket giant routed customer transactions through the cheaper EFTPOS network.
AstraZeneca accused of ‘royal commission’ into Pharmacor’s emails with lawyers
Pharmacor has accused AstraZeneca of launching a royal commission into emails with its lawyers as AstraZeneca opposes the generic drug maker's bid to amend its pleading in a patent case over diabetes drug Forxiga.
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Developer says Suburban Rail Loop acquisition an equitable fraud
Developer H1land Group wants to revise its case against Victoria's Suburban Rail Loop Authority over a substratum land acquisition, claiming that acquiring the land under the Major Transports Projects Act amounts to equitable fraud.
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‘Common and ordinary’ land use no excuse for interference, court says
An appeals court has found the owners of a cotton farm in Queensland are liable for causing nuisance to their neighbours after building a flood mitigation levee, despite the levee being a “common and ordinary” use of the land.
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Westfarmers inks JV with Built to speed residential development
Bunnings owner Westfarmers has signed a joint venture agreement with Built Group to use Design for Manufacture and Assembly principles to build faster, lower cost residential developments.
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Dexus to team up with Boral on Melbourne logistics precinct
Dexus and Boral have entered a joint venture to develop the Ravenhall Logistics precinct in Melbourne's west.
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Corrs hires leading projects partner from Ashurst
Corrs Chambers Westgarth has hired a leading projects partner from Ashurst who has significant experience in advising companies on the energy transition.
ASIC launches probe into insider trading of Accent Group shares
ASIC has opened an insider trading investigation into the trading of retailer Accent Group's shares, asking the company to preserve communications by its CEO Daniel Agostinelli.
Allianz loses bid to limit Uniting Church’s coverage to $15M
Insurer Allianz Australia has been unsuccessful in an application to limit Uniting Church's coverage for historical sexual misconduct claims to $15 million under a professional indemnity policy.