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Despite flight risk concerns, Shield-linked director can leave Australia
A former director of two marketing companies linked to the failed Shield and First Guardian funds can leave Australia for 12 days, despite ASIC’s concerns he is a flight risk.
ASIC failed to warn Equity Trustees about Keystone fund, court told
Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member's investment in the now defunct Shield fund, saying the regulator failed to warn it.
Maker of ‘Rebel Whopper’ takes patent beef to court
The start-up behind Hungry Jack's plant-based 'Rebel Whopper' wants a court to review IP Australia's decision that a proposed patent covering its fake meat product didn't pass muster.
ACCC signs off on Ramsay Health acquisition of National Capital Private Hospital
Private hospital operator Ramsay Health has won swift ACCC approval for its $251 million acquisition of Canberra hospital National Capital Private Hospital from Healthscope, with the regulator completing its review in three weeks.
Class action firm concedes ATE case law a ‘mess’, but defends carve-out
The law firm running a no win, no fee class action against ANZ and superannuation trustee OnePath has defended a $1.7 million cut from a $50 million settlement to cover an after-the-event insurance policy.
Facing ACCC action, AGN says Love Gas ads more than just hot air
Retail energy supplier AGN has defended its series of 'Love Gas' ads against enforcement action by the consumer regulator, saying it had reasonable grounds for promising the product was "becoming renewable".
‘Too much money’: Big Build set stage for CFMEU corruption, report says
A scathing report has tracked the construction union’s fall from grace under John Setka’s leadership, with Victoria's $100 billion Big Build the backdrop for endemic corruption.
Construction PRO
Sydney builder Novati Constructions placed in administration
Family-owned builder Novati Constructions has entered voluntary administration with hopes of reaching a deal with creditors to restructure the company.
Construction PRO
In case by Woolworths property arm, court raps council for ‘error of judgment’
A Western Australian local council left the court in a “less than ideal position” in failing to fully participate in a dispute over the rejection of a development extension sought by Woolworths' property arm, a judge has said.
Construction PRO
Perifa’s Cronulla development wins approval over owners’ objections
Three owners have lost their opposition to Sydney developer Perifa Gerrale's plans to replace three ageing apartment blocks with two new buildings, with a judge finding no impropriety in the owners corporation's selection of a developer for the project.