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NAB agrees to $15.5M penalty for ignoring hardship claims
NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code. 
Construction PRO
Brookfield sells down stake in Dalrymple Bay Infrastructure
Brookfield has shed 23.2 per cent of the stapled securities in major coal exporter Dalrymple Bay Infrastructure, but remains the major shareholder, retaining a 26.25 per cent interest in the venture. 
Red Bull wins opposition to SeaBull trade mark
Red Bull has won its opposition to a Chinese beverage manufacturer’s bid to register 'SeaBull' as a trade mark for non-alocoholic drinks, with an IP Australia delegate finding the mark is deceptively similar to Red Bull's.
Construction PRO
Sydney Fish Market operator loses bid for stash of docs on new development
After describing the $836 million project for a new Sydney Fish Market as “an architecturally designed death knell to the NSW seafood industry”, the market operator has mostly lost its application to make Infrastructure NSW hand over 100 project documents.
Construction PRO
Judge says after-hours payment claim served on Roberts Co valid
Roberts Co will have to pay a $3.2 million payment claim served by subcontractor Sharvain Facades at 7:18pm on a Friday, after a judge found the claim was validly issued that day.
Construction PRO
Kaloriziko $2M debt for Ryde development not offset by property deal, court finds
A judge has rejected developer Kaloriziko's claim that a property deal involving related parties extinguished a $2.12 million liability to a builder in relation to the construction of the 'Sky Gardens' residential development in Ryde, NSW.
Lawyers brace for ‘fundamental’ shift with new privacy tort
A new statutory tort targeting serious invasions of privacy came into effect on Tuesday, raising new risks for companies, including publishers.
Construction PRO
Roberts Co picked for Macquarie Steet hotel revamp
While parts of the business have been placed in administration, Roberts Co has been selected as development manager and early contractor for a project on Sydney's Macquarie Street.