Industries

A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement, two weeks out from trial. 

The fallout from the KPMG leaks scandal has widened, with the corporate regulator launching a review of audit complaints to the Big 4 accounting firms. 

The corporate regulator is seeking penalty and disqualification orders against a financial adviser whose businesses allegedly earned $37 million for spruiking the collapsed First Guardian fund, a court has heard.

Criminal proceedings have been lobbed against Netstrata and managing director Stephen Brell, accusing the strata management company of conflicts of interest in connection with payments from contractors.

A court has extended urgent freezing orders against the developers of the $133 million Babylon Apartments in the north-west Sydney suburb of Rouse Hill, in a dispute over a builder's payment debt.

A HWL Ebsworth major projects partner has been fined $10,000 for unsatisfactory professional conduct after sending angry text messages to a builder over work on his home, including one message that threatened to "bite" him.

MA Financial unit Redcape Hospitality has secured a major hotel haul, scooping up seven Hunter, NSW venues from Sam Arnaout's Iris Capital worth a reported $500 million.

An appeals court has ordered Colliers to pay a former director more than $110,000 for serving as agent on a lease at the Westfield in Sydney's CBD, which he did not receive after he left the firm in 2016.

A subcontractor that provided piling services on a Parramatta RSL carpark project has been ordered to pay excavation contractor A-Civil more than $350,000, with a judge finding it was liable for liquidated damages and other amounts.

Counsel representing a class action on behalf of thousands of Aussie Home Loan customers has told a trial judge brokers "planted seeds" to convince customers they needed to take out worthless mortgage protection insurance.