Industries

Bendigo and Adelaide Bank has been hit with enforcement action by the prudential regulator for cybersecurity failures by a former business, and has agreed to an $8 million penalty.

One of the entities behind the $1.2 billion redevelopment of the Mandarin Centre in Chatswood, Sydney has launched proceedings against its former business partner, alleging it acted in breach of its good faith obligations when it agreed to buy out its stake.

A judge has declined to block a solicitor from representing that a new conveyancing firm, which aims to help real estate agents comply with AML/CTF obligations by holding property deposits, is operating an illegal business model.

The co-founder of failed property group Stellar says his prominent Morninton Pensinsula neighbour has identified no reason why he should be bound by the previous owner's acquiescence to her use of a driveway on his land.

A local amateur astronomy group has failed to convince the Administrative Review Tribunal to review a minister's decision to approve the airport plan and flight paths for the Western Sydney International Airport.

The failed construction business of Allmine Group's Arccon was not insolvent when it paid $7 million in tax liabilities, despite signs of financial distress, a judge has found, dismissing a case by a liquidator's assignee against the tax office.

A tribunal has found a Victorian solicitor guilty of professional misconduct for over-promising on the prospects of success of a proposed property investment class action, which was never brought.

Lawyers for LBJ Developments have told a judge that its joint venture partners on a development at the former Lilydale quarry breached their obligations by failing to honour a contractual right to tender for quarry filling works at the site.

Lendlease has sold its 50 per cent stake in two shopping centres in Perth and Brisbane to Cbus Property for around $1.3 billion. 

Macquarie Asset Management is partnering with Anthropic and Singaporean sovereign wealth fund GIC on data centre infrastructure, with the partnership to initially focus on data centres in the US.