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The ACCC has found Coles and Woolworths operate as an oligopoly with “little incentive” to compete but has stopped short of recommending a break-up or similar strong measures, saying there is no “silver bullet”.
Court won’t vacate trial against law firm, barrister, despite consent from all sides
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A judge has refused to vacate a trial next month in a case against a law firm and a barrister by a former client, despite the agreement of all parties to push off the hearing.
Hells Angels member settles defamation case against News Corp
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News Corp has agreed to removed posts that allegedly defamed a senior member of the Hells Angels bikie gang by labelling him a “cocaine kingpin” and “fugitive from justice”.
James Hardie to buy US-based AZEK in $14B merger
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Australian building materials giant James Hardie will acquire US-based home decking provider AZEK in a nearly $14 billion merger.
Dyldam’s former directors face $33M claims they misused company property
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Former directors of collapsed Sydney developer Dyldam have been targeted by a liquidator over claims allegedly worth at least $33 million.
Fresh success for Myer, Emporium landlord after $82.5M stamp duty win
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Victoria’s State Revenue Office must pay the bulk of costs incurred by shopping centre landlord Vicinity in a successful challenge to $82.5 million in stamp duty slapped on land occupied by Myer and Emporium in Melbourne’s city centre.
EPA secures landmark $18M agreement with Port Kembla Copper
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The NSW Environmental Protection Agency and the owner of a disused copper smelter in Port Kembla, NSW have agreed to an $18 million enforceable undertaking to address copper contamination in the area, which could affect close to 400 homes.
‘A no brainer’: National licensing plan for electricians gets thumbs up from builders
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The federal Treasurer’s proposed national licensing scheme for electricians is a welcome move that will cut red tape and increase productivity, Master Builders Australia has said.
Lendlease named as construction partner for PsiQuantum computer
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Silicon Valley tech company PsiQuantum has selected Lendlease as its preferred construction partner on a commercial-scale quantum computer in Brisbane.
Fortrend challenges ruling on bonuses for Shaw & Partners defectors
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Fortrend Securities has appealed a finding that it breached the Fair Work Act in withholding the bonuses of two financial advisors who jumped to rival Shaw & Partners.