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The Albanese government is planning to spend $3.8 billion more on Melbourne's Suburban Rail Loop rapid transit project, one day after it walked away from the completion of the Inland Rail project.
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Renewable energy projects are moving away from rigid, long-term tolling agreements towards more flexible financing structures, according to an Ashurst partner, with lenders warming to new mechanisms like virtual tolling agreements.
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The federal government has awarded contracts to 10 new renewable energy projects in Western Australia, which will deliver a combined 1.9 gigawatts of renewable energy and 484 megawatts of battery storage.
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Australia has signed a critical minerals agreement with Japan, under which it will invest up to $1.3 billion in critical minerals projects with its Asian ally to help reduce dependence on China.
Under proposed new legislation, digital platforms like Google, Meta and TikTok would face a 2.5 per cent tax on their local revenue if they fail to do commercial deals with news publishers.
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The federal government will spend $45 million over the next four years to develop bilateral agreements with states that will put an end to duplicative environmental approvals.
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Owners and head contractors could be caught out for unexpected payments and lose rights they thought they had, as far-reaching changes to Victoria’s security of payment regime take effect today, a construction expert told Lawyerly.
The sSafety Commissioner is investigating five major social media companies over their compliance with a new ban on kids under 16 accessing their platforms, saying they have not implemented appropriate systems to keep kids off.
Construction PRO
Anthropic has confirmed its interest in investing in data centres in Australia after signing a memorandum of understanding with the Albanese government to facilitate collaboration on AI.
The privacy regulator has released a draft of the landmark Children’s Online Privacy Code that includes proposed rules requiring notification of children when their parents are tracking their location.