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Australian Retirement Trust, a superannuation fund which manages over $350 billion in retirement savings, will sink nearly $1 billion into a Macquarie fund that’s investing in solar, wind and energy storage projects.
Western Australia to fast-track major projects for clean energy transition
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Western Australia has introduced legislation that will allow it to fast-track major projects, as it aims for a more “coordinated, strategic” approach to infrastructure and energy transition investments.
Builder Mossop loses ‘misconceived’ appeal in dispute with Contek
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Construction company Mossop has lost an appeal of a decision for concreter Contek, with an appeals court upholding a judgment accounting for all payment claims in the case, even those subject to agreement before trial.
Developer accused of negligence can’t strike out class action over Glenmore Park development
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The developer of a 683-lot project in Glenmore Park, NSW has lost its bid to strike out parts of a class action by owners and investors alleging the land on which the development sits is unsuitable for residential construction.
Fortescue, Element Zero come to blows over discovery again, raising judge’s ire
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A judge has expressed frustration over the fourth discovery fight this year in Fortescue’s trade secrets case against Element Zero, as the green iron startup claims its bigger rival is trying to drag out the litigation.
Developer wins bid to drop out of cladding class action, one year after trial
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The developer of a tower in Mascot which is said to contain combustible cladding can opt out of a class action against 3A Composites and Halifax to bring its own claim for $15 million.
AUSTRAC trims money laundering case against Entain
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The financial crimes regulator has trimmed its case against the operator of online gambling sites Ladbrokes and Neds, UK-based Entain, alleging “systemic failure” to comply with its anti-money laundering obligations.
AMCI founder’s sacking of Australian boss not valid, court says
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In the latest chapter of a feud between billionaires Fritz Kundrun and Hans Mende, the co-founders of global commodities firm AMCI, a court has found the sacking of the group’s Australian managing director was invalid.
Multi-employer bargaining appeal by Peabody, Whitehaven dismissed
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An appeals court has thrown out challenges by three mining giants to a Fair Work Commission decision that requires them to bargain together with a group of employees and their union.
Vehicle Monitoring must choose now between damages, account of profits in IP spat
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A judge has ordered tech company Vehicle Management Systems to hurry up and choose between damages or an account of profits in its IP dispute with the city of Melbourne over a sensor-based system for timing parked vehicles.