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Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.
Region Group offloads Sydney shopping centre for $76M
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Retail property investor Region Group has sold the Greystanes Shopping Centre in western Sydney for $76 million.
Court clarifies tax treatment for land development
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A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.
Developer can’t claim setoff in spat with Tomkins over $55M Sunshine Coast apartments
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An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins’ pre-completion payment claim has been thrown out.
BHP, ACCIONA Energía to explore pumped hydro facility at Mt Arthur site
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Mining giant BHP and ACCIONA Energía will investigate if the site of NSW’s largest thermal mine is capable of conversion into a pumped hydro energy storage facility.
Sky News loses appeal in case of ‘wholesale copying’ by media monitor Isentia
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An appeals court has dismissed Sky News’ challenge to a ruling that media monitor Isentia was not liable for copyright infringement despite “wholesale copying” of content for government clients.
Barrister’s failure to file tax returns doesn’t warrant lifting suspension stay: tribunal
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A stay of a barrister’s suspension remains in place despite claims she failed to lodge eight tax returns, with a tribunal saying non-compliance with tax obligations did not necessarily render a lawyer unfit to practice.
In landmark ruling, FWC awards pay increases to thousands of women
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In a landmark decision, the Fair Work Commission has announced it will bump up the minimum wage for workers in childcare, health care and other industries by up to 35 per cent, following a review into gender-based pay undervaluation.
Failed MLC class action can’t peek at settlement deed in resolved case
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The applicant in a failed class action by members of NAB’s MLC Super fund can’t access a settlement deed in a separate class action against the fund trustee, which resolved days after the applicant’s case was thrown out.
A ‘maddening morass’: Court strikes out COVID-19 vaccine class action
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A judge has struck out an “incoherent” COVID-19 vaccine-related class action, saying someone could go “mad” trying to understand the pleadings in the case.