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ASIC slams banks’ mortgage offset account failures
ASIC has found that customers have not been receiving the promised benefits of mortgage offset accounts and have been unknowingly paying more interest than they should have, with banks already paying out $55 million in compensation.
Harvey Norman, Latitude hit with $55M in penalties in ASIC case
Electronics retailer Harvey Norman and consumer lender Latitude Finance have been socked with a total of $55 million in penalties for a misleading ad campaign seen by millions of Australians.
Law firm ‘encouraged’ by J&J’s $7.9B talc settlement in US
Johnson & Johnson has agreed to pay $7.9 billion to resolve multi-district litigation in the US alleging its talcum powder caused cancer, a settlement Shine Lawyers said was a positive development as it readies for a first case management hearing in its class action.
Cottle family group units bring $280M negligence suit against Nexia, PwC
Several entitles in the Cottle family group, which owns construction company FDC Construction & Fitout, have won more time to serve a $280 million negligence suit on accounting firms Nexia and PricewaterhouseCoopers over more than two decades of tax and financial advice.
Origin Energy says data of 900K customers accessed in cyberattack
The information of 900,000 current and former Origin Energy customers was accessed during a recent cyberattack, the company has revealed.
Construction PRO
Melton shopping mall fails in fight over scrapped $30M land purchase
The site owner of a proposed shopping centre in Melton must return $1.5 million to a defunct developer that allegedly breached a $30 million land sale contract, an appeals court has found.
Construction PRO
ISPT loses $11M duty appeal, after revenue office aggregates land deals
Real estate investment firm ISPT on Wednesday failed in its challenge to a $10.7 million stamp duty assessment, with a judge finding Victoria's revenue office was entitled to lump two acquisitions together.
Construction PRO
Judge won’t allow Forte’s new defence in $6.3M case by iProsperity liquidators
A judge has rejected Forte Construction's bid to overhaul its defence to $6.3 million in claims by the liquidators of collapsed real estate fund manager iProsperity, saying the company had shown "contumelious disregard" for the court's earlier orders.
Construction PRO
Court cites population growth in OKing Woolworths supermarket
The NSW Land and Environment Court has cleared the way for Woolworths to set up shop in Moss Vale in NSW's Southern Highlands region, accepting evidence that existing supermarkets would remain viable in light of expected population growth. 
Construction PRO
Neoen to double size of Goyder big battery after SA tender wins
Renewable energy company Neoen has won two 15-year contracts in South Australia’s first energy reliability tender and will double the size of its Goyder Battery at its flagship energy hub to fulfill the mandate.