Construction

A contradictor will weigh in on an $18 million settlement in a class action by Sydney homeowners, even though the funder and law firm have agreed to a cut from their deductions, which would have left just 20 per cent of the settlement for group members.

Bathla's administrators have yet to reach a deal with the embattled developer's lenders on short-term funding, but money has been found to make partial payments to employees.

Developer Skycorp has lost its bid to appeal a decision in a dispute with the ATO over $4.6 million in deductions claimed for its building in Western Australia's Hillarys Boat Harbour.

Administrators of Bathla Group are continuing talks with the embattled developer's lenders over a short-term loan that will keep the business afloat, and are hopeful a funding package can be secured by Thursday.

A director of Forte Sydney Constructions says she chased iProsperity "every day" for $6 million in unpaid construction costs for a Ryde residential project, as trial kicks off in a case by the defunct developer's liquidator.

Administrators for ailing residential property develor Bathla say the company will be forced into liquidation by the end of the week without further funding by lenders.

The administrators of collapsed building company Novati Constructions have been ordered to give developer Hulak two bank guarantees worth $312,500 each, with a judge finding it would be unconscionable to withhold them. 

Property developer Troon Group has acquired $80 million worth of industrial land in Western Australia's Bullsbrook, marking the company's entry into the Perth market.

A judge has ruled that IG Power is not required to reimburse Genuity $24.4 million in interest charged by its parent company on a $60 million loan to rebuild the Callide power station, finding the loan was intended to be interest free. 

Chevron wants a "tight" timeline in a legal challenge related to its Gorgon liquified natural gas project, telling a judge that it's spending $40 million a month to keep staff ready for the project.