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Mercer Super faces enforcement action by ASIC, alleging the superannuation giant failed to inform the watchdog about investigations into serious issues, including a failure to refund premiums to dead members.
Lendlease wins OK for $1.7B residential project near Queen Victoria Market
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The federal government has given Lendlease the final green light for a three-tower residential development on land adjacent to the Queen Victoria Market after almost a decade of planning.
Salta sells off 50% stake in Melbourne’s Preston Market to Medlich
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Property group Salta has shed its 50 per cent interest in Preston Market to long-standing co-owner Medlich as part of a strategy to expand its build-to-rent business.
CBS seeks summary dismissal of defects suit over lux Canberra development
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Developer CBS Commercial has asked a court to summarily dismiss a defects suit over a luxury lakeside development in the leafy Canberra suburb of Kingston, arguing the case has no reasonable prospects of success.
Builder has no separate right to compensation for Brisbane rail land grab, court says
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A Queensland construction company that bought land following its resumption by a state government agency is not entitled to be compensated for the land grab, a court has found.
Mapletree sells off Woolworths-backed Victorian logistics hub for $60M
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Real estate investor Mapletree Logistics Trust has sold its logistics facility in Victoria’s Wodonga for $60 million, saying the hub was no longer in line with its investment strategy.
HESTA super fund says ATO overtaxed it by $11M
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HESTA Super has complained that the tax office has unfairly stripped it of $11 million in franking credits, denying it did not hold the credits ‘at risk’ for the required 45-day period.
Former Labor MP, now workplace umpire not DQ’d from ‘same pay’ cases: court
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A judge has dismissed a bid by a group of labour hire companies to disqualify former Labor MP now Fair Work Commission deputy president Terri Butler from same job, same pay cases for apprehended bias.
ACCC flags concerns over Kegstar’s acquisition of only competitor
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The competition watchdog has raised concerns over the proposed tie-up of Kegstar and Konvoy — the only operators in the niche industry of keg pooling — saying the deal could mean higher prices.
eToro can rely on late evidence in novel ASIC case over CFDs
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Online investment platform eToro has won its bid to rely on late expert evidence in ASIC’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.