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A judge has signed off on a $13.5 million penalty agreed to by retailer The Good Guys for making misleading statements about store credit and StoreCash schemes to customers.
Labour hire firms double down on recusal bid in FWC cases
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A group of labour hire firms are continuing their push to disqualify former Labor MP turned Fair Work Commission deputy president Terri Butler from same job, same pay cases by the union representing coal miners.
Coles, Woolworths facing $780M underpayments bill after court ruling
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Coles and Woolworths estimate they will need to remediate underpaid workers up to $780 million, following a complex judgment in two class actions and regulatory proceedings handed down last week.
CSR says higher insulation costs during COVID-19 due to forces beyond its control
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Building materials giant CSR has hit back at a misuse of market power case brought by building insulation distributor Consolidated Energy over COVID-19 price increases, blaming the higher prices on forces beyond its control.
With $2.9B to spend, Macquarie’s real estate fund launches land lease platform
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The real estate division of investment bank Macquarie has made its foray into the land lease industry, with a plan to deliver thousands of homes on Australia’s east coast through a new platform.
Acciona tapped to build Eyre Peninsula desalination plant in SA
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Infrastructure giant Acciona has been given the nod as the construction partner for the Eyre Peninsula desalination plant in South Australia’s Port Lincoln, as states ramp up investment in climate-independent water.
Oscars pays $30M for Lendlease Barangaroo development
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Private hospitality group Oscars has paid $30 million for a Lendlease commercial and retail development in the harbour precinct of Barangaroo.
Wollemi Capital pays $19M for renewable energy company MPower
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Climate investment firm Wollemi Capital has closed the acquisition of MPower, a transaction that will pave the way for a $100 million pipeline of renewable energy projects.
Lifestyle Communities sells land at Ocean Grove site for $46.2M
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Retirement village operator Lifestyle Communities has sold a parcel of land at its Ocean Grove site in Victoria for $46.2 million.
Regeneron, Bayer lose bid to block Sandoz from launching Eylea biosimilar
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Regeneron and Bayer have lost their bid to block generic drug maker Sandoz from launching a biosimilar of their blockbuster eye drug Eylea.