Most Recent
A judge has approved a $120 million settlement in a class action against AMP that followed the banking royal commission, saying while it was a “very disappointing outcome” for group members it was still fair and reasonable.
A class action on behalf of 32,000 ALDI workers who were allegedly denied pay for pre- and post-shift work has settled for $55 million, with the retail workers union set to receive $1.5 million towards its costs.
A judge has refused to force alternative banking provider Banking Circle Australia to continue providing services to fintech Bano, finding it faced a real risk of breaching anti-money laundering and counterterrorism financing laws if the relationship continued.
Construction PRO
Liquidators appointed by the court to five companies behind $130 million worth of construction projects in Brisbane have won more time to bring potential claims while they investigate several matters, including an allegedly “very odd” tax situation.
Construction PRO
The NSW government has approved a $1 billion logistics and industrial estate in the Western Sydney Aerotropolis, the largest industrial development to date in the area near the city's new airport.
Construction PRO
The Liberty Bell Bay smelter in Tasmania will be shuttered after the consortium proposing to acquire the struggling manganese alloy producer withdrew its interest.
Construction PRO
Coles has asked the Australian Competition Tribunal to allow its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie to go ahead, saying the ACCC's determination "may have broader implications for future supermarket developments under the new merger regime".
Construction PRO
Macquarie Data Centres will spend up to $3 billion on a 200-megawatt data centre campus in Sydney after striking a $240 million land deal in Macquarie Park.
Construction PRO
An appeals court has relaxed freezing orders against Sydney property developer Golden Rain, allowing it to sell property to repay its debts while it defends a $26 million defects claim by the owners corporation of the Sugarcube Apartments and Honeycomb Terraces developments.
Former ANZ subsidiaries have filed proceedings against three insurers claiming they wrongfully denied coverage for $182 million in compensation and costs relating to financial adviser breaches to retail clients.