Please login to bookmark Close
Westpac has paid back $50 million plus interest and super to 47,000 current and former staff who were underpaid over an 11-year period.
Mayne, Cosette row to be decided on merits after panel resets merger clock
Please login to bookmark Close
The Takeovers Panel has agreed to hear Mayne Pharma’s latest dispute with Cosette over the US drug maker’s attempts to walk away from their $672 million merger agreement and extended the timeline for completing the deal.
ASIC appeals conflicted remuneration case against Freedom execs
Please login to bookmark Close
ASIC has lodged an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance’s former boss and another executive over a sales incentive scheme.
SunCable inks 70-year agreement with Traditional Owners for NT solar farm
Please login to bookmark Close
Mike Cannon-Brookes’ SunCable has signed a 70-year land use agreement with Traditional Owners to develop the country’s largest solar farm at Powell Creek Station in the Northern Territory.
Court won’t allow new claims in suit over $27.5M contract for Melbourne CBD building
Please login to bookmark Close
A court has rejected a bid to expand a lawsuit over a Chinese investor’s $27.5 million contract to purchase a building at 99 Queen Street in Melbourne to join the matriarch of the “very wealthy” family.
Iberdrola wins contract for VNI West transmission project
Please login to bookmark Close
Spanish multinational electrical giant Iberdrola has been selected to design and operate the Victoria to New South Wales Interconnector West transmission project, part of the state’s pipeline of new energy infrastructure projects.
Developer can’t appeal modification rejection under Heritage Act, court says
Please login to bookmark Close
A judge has tossed a developer’s challenge to a NSW Heritage Council decision on a new residential development plan for the site of the former Kenmore Hospital in Goulburn, saying there was no decision to appeal.
Rio Tinto invests $35M in Calix green steel plant
Please login to bookmark Close
Mining giant Rio Tinto has put the development of its steel-making decarbonisation technology BioIron on ice, opting instead to invest $35 million into Calix’s zero emissions steel technology demonstration plant.
Lander & Rogers appoints new competition partner from HSFK
Please login to bookmark Close
Lander & Rogers has recruited a competition law expert from Herbert Smith Freehills Kramer for its corporate team ahead of the new merger review regime.
ASIC wants $85M in fines against Harvey Norman, Latitude, says GC apology ‘performative’
Please login to bookmark Close
ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.