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The National Australian Bank says it will take a $130 million hit after issues with its payroll system led to staff being underpaid.
ASIC to seek winding up orders against property developer ALAMMC
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The corporate cop can revise its action against Gold Coast property developer ALAMMC to seek winding up orders after concerns have emerged about misuse of $70 million in investor funds.
Dexus seeks docs given to PwC, Deloitte in fight with APAC
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Real estate asset manager Dexus wants information that the Asia Pacific Airport Corporation gave to several consultants in a court battle over allegations it breached a shareholder deed in selling a stake in the airport operator.
Victoria launches inquiry into decommissioning oil and gas infrastructure
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The state of Victoria has launched an inquiry into the risks associated with decommissioning the state’s oil and gas infrastructure to ensure that energy companies meet their obligations.
Transgrid contractor Elecnor appeals win for union over $3.6B EnergyConnect project
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Transgrid contractor Elecnor is seeking to appeal a ruling that found it unlawfully denied the Electrical Trades Union access to 47 migrant workers on Australia’s largest transmission project.
Ex-Downer EDI project manager can’t pull ICAC report over Transport for NSW contracts
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A former Downer EDI project manager has lost a bid for court orders forcing NSW’s Independent Commission Against Corruption to remove a report into a probe relating to Transport for NSW and Inner West Council tenders.
EVT scoops up Pro-Invest Hotels for $74M
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Hospitality group EVT Group has acquired hotel management company Pro-Invest Hotels for $74 million to seed the launch of its own brand management business.
COVID-19 aged care class actions ramp back up as criminal trial nears
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After more than a year on ice, two class actions against age care facilities over COVID-19 outbreaks are set to resume late this year, following a month-long criminal trial that kicks off next week.
Judge questions OAIC over 3-year delay in bringing Optus case
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The judge overseeing three court proceedings against Optus over a 2022 data breach has questioned why it took the privacy regulator three years to file its case.
Metro Cinemas loses case over lease agreement with NSW council
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A judge has dismissed a case by Metro Cinemas against a NSW council, finding a lease agreement did not require the council to replace the cinema’s aging seats.