Industries

ASIC has raised the prospect of criminal charges linked to the Shield Master Fund, after bringing civil penalty proceedings alleging up to $530 million in retirement savings was used for unauthorised purposes.

The owner of the Oaks Hotels & Resorts is facing a class action by landlords who allege the hotel operator misrepresented that it was entitled to reduced rent payments during the COVID-19 pandemic.

The Property Council has called on the federal government to abandon proposed discretionary trust tax changes, arguing the reforms would undermine efforts to meet Australia's 2029 housing targets.

Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.

Danish renewables company European Energy has reached financial close on its Mokoan hybrid solar farm and BESS in Victoria, with a non-recourse financing package from Deutsche Bank paving the way for construction to begin on the storage system.

The Queensland government has used special powers to approve a major mixed-used development surrounding the Dreamworld theme park, paving the way for new resorts and residential and commercial developments.

A judge has made a group costs order that will give Maurice Blackburn one third of any recoveries in a class action against Entain, rejecting the firm's bid for a higher contingency fee rate than earmarked in its parallel Sportsbet class action. 

A class acton against Fletcher Building’s Iplex over thousands of allegedly burst pipes in homes around Australia is gearing up for a mammoth 12-week trial, with a separate claim by BGC, which installed the pipes, to proceed by way of a test case.

A Southern Cross Gold unit has attacked a community group’s failure to put on evidence of its members' financial status to support claims that it can't meet the company’s $230,000 security demand in a dispute over a Victorian tunneling project. 

Star’s former boss and chief legal officer have argued that a judge erred in finding they breached their directors’ duties by allegedly failing to inform the board of unacceptable money laundering risks in its Sydney casino.