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Australian Retirement Trust invests $1B in Macquarie green fund
Australian Retirement Trust, a superannuation fund which manages over $350 billion in retirement savings, will sink nearly $1 billion into a Macquarie fund that's investing in solar, wind and energy storage projects.
Construction PRO
Builder Mossop loses ‘misconceived’ appeal in dispute with Contek
Construction company Mossop has lost an appeal of a decision for concreter Contek, with an appeals court upholding a judgment accounting for all payment claims in the case, even those subject to agreement before trial.
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Real estate lawyers on notice as new guidance drops on climate advice
Fresh guidance by the peak legal body in NSW in response to major developments in climate law impacts lawyers advising on real estate deals, who face potential negligence claims for failing to warn clients of the emerging risks.
Construction PRO
Western Australia to fast-track major projects for clean energy transition
Western Australia has introduced legislation that will allow it to fast-track major projects, as it aims for a more "coordinated, strategic" approach to infrastructure and energy transition investments.
BHP can’t halt same job, same pay decision pending appeal
Mining giant BHP and its in-house labour hire subsidiary have failed in their Federal Court bid to stay same job, same pay orders by the Fair Work Commission ahead of an appeal.
Cement Australia wins OK to acquire BGC assets after bringing Adbri into the mix
The ACCC has approved a deal that will see the assets of a unit of materials giant BGC Group sold to Cement Australia, Holcim, Heidelberg Materials Australia and Adbri, after worrying an initial proposal could affect the supply of ready-mix concrete in the Perth area.
Construction PRO
Developer accused of negligence can’t strike out class action over Glenmore Park development
The developer of a 683-lot project in Glenmore Park, NSW has lost its bid to strike out parts of a class action by owners and investors alleging the land on which the development sits is unsuitable for residential construction.
Judge flags possible referral to legal watchdog in EY, Alvarez & Marsal suit
A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant's costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.
Class action must wait for damages in competition case against Apple, Google
A judge has put off deciding what damages group members are owed in two class actions against Apple and Google after finding the tech companies engaged in anti-competitive conduct in the app marketplace.
ACCC flags concerns over Igneo’s plan to acquire Benedict Recycling
The ACCC has raised competition concerns about the proposed acquisition of Benedict Recycling by its "closest competitor" Igneo Infrastructure Partners, a subsidiary of Australian asset management giant First Sentier Investors.