Construction

In the first prosecution of its kind, a Queensland property developer has been fined $150,000 for offences relating to a project trust account under the state's security of payment laws.

An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne's Atlantis Towers.

Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.

Cobalt Blue and Japanese conglomerate Iwatani have signed a deal to develop Australia's first cobalt refinery to help meet a supply shortage of the critical mineral, used in lithium ion batteries, caused by the growing demand for electric cars.

A Stockland consortium has finalised contracts with the NSW government to lead a major redevelopment of social housing in the inner Sydney suburb of Waterloo.

A survey of Property Council of Australia members has found optimism in the industry has improved, but concerns about housing supply remained a concern.

Lendlease has vowed to appeal its failed bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, saying it could face a $100 million write-off if unsuccessful.

The Queensland government has vowed to review legislation that set out the state's renewable energy targets and has pledged to keep coal power plants running beyond 2035.

Abergeldie Complex Infrastructure has been awarded a contract by the NSW government to construct the $100 million Pitt Town bypass in Sydney's outer north west.

The Victorian Civil and Administrative Tribunal has thrown out an application to pause the suspension of a builder, who allegedly did not consider fire safety measures in the design of a disability housing project.