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A judge has deferred the question of what penalties Harvey Norman and Latitude Finance should face in a case by ASIC until their appeals are heard, noting the “regrettable” fragmentation of the case.
Bank of Queensland sanctioned for charging fees to dead customers
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The Bank of Queensland has been sanctioned by the banking watchdog after an investigation found it charged fees to the accounts of dead customers.
Cassius boots arbitrator in $443M dispute over aborted mine
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Gold miner Cassius Mining has succeeded in removing an arbitrator in its $443 million dispute with the Republic of Ghana over an aborted mining project.
DLA Piper picks up finance partner from White & Case
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DLA Piper has lured a finance partner from White & Case to join its Sydney office.
Evolution Mining stung with shareholder class action over gold mine forecasts
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Gold mining company Evolution Mining is facing a shareholder class action for its alleged failure to disclose issues with the performance of its Canadian gold mine.
Court rejects plan for ecologically sustainable Port Stephens development
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A judge has rejected green developer Kingshill’s development application for an “ecologically sustainable” 1,900 residential lot concept in Port Stephens, upholding findings that it could have significant impacts on local wildlife.
$2B Sydney development wins more time to replace combustible cladding
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The owners of One Central Park in Sydney have struck a deal with the NSW government for more time to replace its Aluminium Composite Panel cladding, which has been largely banned due to fire risk.
$1B Western Sydney road upgrade unveiled
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The federal and NSW governments will jointly fund a $1 billion investment to upgrade Fifteenth Avenue in Western Sydney, which will link the road to the new airport.
Judge takes red pen to Destec trade secrets case against MinRes employee
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A judge has struck out engineering firm Destec’s claim that an ex-director used confidential information in developing an ore transport system for MinRes, but has given it a chance to replead.
ACCC chief moves to CEO role at corporate regulator
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After 30 years at the Australian Competition and Consumer Commission, the watchdog’s CEO will take the reins as chief of the corporate regulator.