Industries

The High Court has found derivative crown immunity did not allow the NSW government to enter into alleged anti-competitive agreements when privatising two ports, disagreeing with a decision in a related case by the ACCC.

Mastercard risked losing half its revenue from retail interchange fees as a result of the Reserve Bank's least-cost routing initiative, and struck deals with top retailers to defend its core business, a court was told Wednesday.

EnergyAustralia has lost its appeal of a finding that it's on the hook for portable long service leave for maintenance workers at its Yallourn power station because its significant maintenance activities mean it's 'in the construction industry', a ruling that could affect energy, rail and telecommunications firms.

Online design tool Canva has paid $792,000 in infringement notices for allegedly failing to lodge financial reports on time for four of its companies.

A Western Australian couple has sued fertility services provider Monash IVF after the company implanted a woman with a different embryo than the one they had donated.

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.

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.

A joint venture contracted to build a battery storage facility in the Melbourne Renewable Energy Hub, expected to be one of the world's largest, has dropped a suit against renewables developer Equis alleging it was entitled to a 50 per cent reduction in its bank guarantees.

Hassall Developments wants to join insurance broker Gallagher to a lawsuit against QBE over an $80 million special risks policy after “serious defects” were allegedly found in a Parramatta development. 

Renewable energy projects are moving away from rigid, long-term tolling agreements towards more flexible financing structures, according to an Ashurst partner, with lenders warming to new mechanisms like virtual tolling agreements.