Region

Nuix's former boss Rod Vawdrey was almost ousted in 2019, a trial court heard Thursday, with a shareholder class action pointing to a board paper that referred to the software firm's “toxic, no-trust, fear-based culture”. 

Arrium's former directors and auditor KPMG have lost a challenge to a key report relied on by shareholders in a class action over the collapsed steelmaker that says the company overstated the value of its assets.

Carlisle Homes has lost its bid to have a $3 million fee dispute with Lander & Rogers dealt with by the Costs Court, with a judge finding the court doesn't have jurisdiction over the matter. 

An Australian Super entity is exempt from a $36.2 million tax assessment following the rezoning of a property in Dingley Village, in the first tribunal decision under Victoria's Windafall Gains Tax Act. 

Edify Energy has reached financial close on two solar and battery projects near Townsville, paving the way for construction to begin on the developments, which are expected to supply enough electricity to power more than 100,000 homes.

A major growth plan for Sydney Airport in response to a jump in predicted demand has won approval from the federal government, which pointed to the airport's role as a key gateway to Australia.

A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has settled for $18 million, with a judge hearing numerous group members will not receive a payout.

An email from Nuix's former CFO that referred to financial results as “worse than terrible” was an attempt to push the sales team to meet targets, a trial court has heard in a class action alleging misleading market disclosures ahead of the software firm's $1.8 billion IPO. 

A mid-trial amendment bid by shareholders in a class action over Arrium's collapse will delay cross-examination of the company's CEO and former directors, who told a judge Wednesday they should not be required to enter the witness box until the issue is resolved.

The federal and NSW governments have committed $2.5 billion to save Rio Tinto's Tomago Aluminium smelter in the Hunter region.