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Super trustee Retail Employees Superannuation has paid two infringement notices after ASIC alleged it misled over 2,000 members after inadvertently activating insurance cover.
Intrapac unit sues Casey Group for ‘underhand’ real estate transaction
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Intrapac unit Brencorp has filed a suit against Casey Group, alleging the rival property developer devised an “underhand” deal to swindle it out of the acquisition of a golf club in southeast Melbourne.
Retirement village’s fee hike a case of ‘double dipping’, says tribunal
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A residential land lease community in NSW’s Central Coast must repay residents for a fee hike after a tribunal ruled the contractual term providing for the increase involved “double dipping” to account for inflation.
Public Hospitality venues in receivership ahead of Adgemis bankruptcy hearing
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Deutsche Bank has appointed receivers to five pubs owned by Public Hospitality Group ahead of a bankruptcy hearing against the group’s owner and former KPMG partner, Jon Adgemis.
Aware Super, Goodman team up on $2B logistics project
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Superannuation fund Aware Super is teaming up with Goodman Group on a $2 billion platform that owns three logistics properties in Los Angeles.
ACEN wins government approval for NSW wind farm
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Renewables company ACEN has won the Albanese government’s approval to build its 900 megawatt Valley of the Winds project in Coolah, NSW.
ACCC, NSW join forces to clamp down on supplier bid-rigging
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The competition regulator has reached a data-sharing agreement with NSW to combat bid rigging on state contracts worth a total of $42 billion annually, in a partnership that will deploy AI to find potential cartel culprits.
In Google carriage fight appeal, Piper Alderman claims law firms’ cooperation anti-competitive
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Piper Alderman claims a judge erred in finding there was no evidence that an agreement between Maurice Blackburn and Phi Finney McDonald to cooperate in running an ad tech class action against Google was struck for an anti-competitive purpose.
ASX tried to silence whistleblower, hide failures from RBA, lawsuit says
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A former contractor at the ASX has alleged the securities exchange was “embarrassed” by governance failures relating to a $200 million technology modernisation program and sought to hide the issues from the Reserve Bank of Australia.
Telstra reaches settlement with ACCC in case over Belong speeds
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Telstra has reached an agreement with the consumer regulator after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider, Belong.