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KPMG hearing to quiz Macquarie, Westpac over audit claims
Macquarie Group chairman Glenn Stevens will face the latest parliamentary joint committee hearing Friday into KPMG ethic's scandal, joining executives from Westpac, Optus and Dexus.
Construction PRO
Squadron makes way for BESS projects with $2.7B wind refinancing
Squadron Energy is poised to expand into battery storage and hybrid renewable energy projects after refinancing its $2.7 billion wind portfolio.
KPMG told Ashurst it lacked info to investigate whistleblower claims
KPMG told Ashurst that a whistleblower had not provided sufficient detail for the firm to determine whether his disclosures were protected under the whistleblower regime, despite having covertly downloaded information on his complaints from his computer.
‘Discourteous and unacceptable’: NAB scolded for not complying with court orders
A judge has slammed NAB for failing to comply with court orders in a negligence case against the bank, calling its actions "discourteous and unacceptable".
Construction PRO
Court tosses challenge to Santos’ plans for Reindeer gas field
A court has tossed a lawsuit by the Wilderness Society alleging NOPSEMA failed to ensure Santos has the financial means to decommission its Reindeer gas field off the coast of Karratha in Western Australia.
Construction PRO
Mallesons denies knowledge of $18M loan in FSM liquidators’ case
Law firm Mallesons, which is named in proceedings brought by failed property developer FSM, has denied it knew that a former director used company loans to pay off personal debts.
Sportsbet software engineer grilled at trial over phone operators’ role
A software engineer for Sportsbet has faced cross-examination over the role of phone operators in placing bets for users of its Fast Code betting, in a class action trial that alleges the system was not a true telephone betting service.
Sportsbet class action applicant says he ‘just assumed’ fast code bets legal
The lead applicant in a class action against Sportsbet over its fast code betting service has admitted he never questioned whether the system was lawful until meeting with class action lawyers at Maurice Blackburn.
Full Court upholds declassing of COVID biz interruption cases
Businesses in two cases against Lloyd's and QBE over COVID-19 losses have failed in an appeal of a ruling stripping the suits of class action status.
IAG provides undertaking in ACCC review of $1.3B takeover of RACW
Insurer IAG has provided a draft undertaking in the hopes of alleviating the ACCC's concerns that its $1.35 billion takeover of the RAC WA’s insurance operations would substantially lessen competition for certain insurance products in the state.