Industries

The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator's case over excessive delays in processing $20 million in death and disability claims.

Mirvac is selling the site of the Toombul Shopping Centre in Queensland, which was demolished following the 2022 floods, to local developer Irvine Property Group.

Hong Kong's Link REIT has reportedly made an offer for a half interest in several shopping centres in Lendlease's retail property fund.

The corporate cop has launched two new cases and sought approval to bring a third action over financial advice that led customers to sink hundreds of millions of dollars in retirement savings into the failed Shield and First Guardian investment funds.

Australia's five-year major infrastructure pipeline has skyrocketed to $242 billion, according to a report from the government's infrastructure advisor which warns shortages in labour and low construction productivity could put projects at risk. 

Ashurst has nabbed an internationally recognised infrastructure expert from Deloitte to lead Ashurst Risk Advisory's infrastructure and energy transition team.

ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.

Mayne Pharma has secured an extension of the deadline for securing Foreign Investment Review Board approval of its $672 million tie-up with US drug maker Cosette.

The director of collapsed Shangri-La Construction is personally liable for the $3.2 million in costs of rectification work on external cladding at an apartment complex in southeast Melbourne, a judge has found.

A judge has approved a "modest" $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.