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NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.
‘All things must pass’: Supreme Court farewells ‘master of the single sentence’
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Pithy one-liners and even pithier rulings are just part of NSW Supreme Court judge James Stevenson’s legacy as he steps down from the bench, bringing to an end a class of judicial staffers known as “Team Stevo”
McDonald’s, KFC class actions ‘overcomplicating things’ with expert on rest needs, judge says
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A judge has expressed doubt about the need for expert evidence in class actions against McDonald’s and KFC over their alleged failure to give workers rest breaks, saying “I imagine if you’re a worker, you’d like a rest”.
Allens, HSFK behind Abu Dhabi oil giant’s $30B takeover bid for Santos
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A consortium led by the investment arm of Abu Dhabi’s National Oil Company has launched a $30 billion takeover bid for Santos, the energy giant said Monday.
Amazon to invest $20B in data centre infrastructure
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Amazon will invest $20 billion in Australia’s data centre infrastructure over the next five years to support the country’s AI transformation.
Aurizon secures $1.5B contracts with BHP for copper mine logistics
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Rail operator Aurizon has secured agreements with BHP to provide logistics for the mining giant’s South Australia copper operations over the next 15 years, estimating total revenues of $1.5 billion.
NSW plans $835M investment in Western Sydney Aerotropolis
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The NSW government has announced an additional $835 million investment in Western Sydney’s Aerotropolis, which the government expects will become a “thriving economic centre” with its proximity to the city’s new airport.
$70M agreement for rezoned Mudgee greenfield site enforceable: court
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A Western Sydney developer must make good on an agreement to buy a rezoned greenfield site in regional NSW for $70 million and pay $2.2 million in interest, a judge has found.
Class action investigation underway into long day care
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A law firm has launched a class action investigation into the standard of care at child care centres across the country, following reports of widespread failures to meet legal standards in the increasingly privatised industry.
Hamilton Locke hires McCullough Robertson real estate pro
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Specialist property and finance lawyer Emile McPhee has joined Hamilton Locke’s national real estate markets team.