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The number of reported threats to judges is growing at an alarming rate, and urgent action by federal and state attorneys-general is needed, according to the Australia’s peak body for judicial officers.
BHP worries about class action rewriting case after misinterpreting report
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BHP has pushed back on reply submissions in a shareholder class action which the energy company says mistakenly interpret an internal report as putting the risk of collapse of BHP’s wastewater dam in Brazil at 25 to 50 per cent.
Stockland, John Boyd to partner on $3.5B Sydney logistics precinct
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Developers Stockland and John Boyd are teaming up to build a $3.5 billion logistics precinct at the site of 18.3-hectare Kogarah golf club near the Sydney Airport.
Receiver wins court orders over Sydney properties of Dyldam director
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A judge has ordered the sales proceeds of Western Sydney properties linked to former Dyldam director Sam Fayad to be paid into court, saying there was an arguable case that the sales were intended to defraud creditors.
Lifestyle wins stay of VCAT orders finding exit fees unenforceable
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Retirement village operator Lifestyle Communities has secured a reprieve from a ruling that found its exit fee policy was unenforceable, but has said it won’t spend the funds it collects while the stay is in place.
KKR invests $500M in Australian renewables company CleanPeak
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Private equity giant KKR has committed $500 million to speed the growth of CleanPeak Energy, an Australian company providing renewable energy solutions to blue-chip players in the commercial and industrial sectors.
iProsperity liquidators pursue Crown for $55M in gambling losses
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The liquidators of iProsperity Group want Crown to repay $55 million in company funds they say were gambled away by the real estate funds manager’s directors.
Engineering firm Daracon loses fight to expand NSW quarry
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NSW engineering firm Daracon Group has failed to overturn a state independent planning commission’s decision which rejected its plan to expand a hard rock quarry in the Hunter Region.
Charter Hall launches $147M office trust with Brisbane, Canberra properties
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Reflecting renewed interest in office assets, property investment company Charter Hall has launched a $147 million unlisted trust for investors to buy into two fully-tenanted office buildings in the ACT and Queensland.
Quintis class action says disclosure-linked share price drop ‘common sense’
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The judge who tossed a class action by Quintis’ shareholders should have found a restatement of assets would have materially affected the sandalwood company’s share price “as a matter of common sense”, a court has been told.