Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.
The Victorian Government has flagged its support for recommendations aimed at stamping out criminal activity in the state’s construction industry, including changes to the ‘fit and proper’ test for union positions.
Australia’s largest toll road operator, Transurban, has been ordered to pay compensation to ConnectEast in a dispute over an annual services fee of $10 million.
Facebook owner Meta has agreed to pay $50 million to settle action by the privacy commissioner over the Cambridge Analytica scandal.
Qantas has reached an agreement to pay $120 million in compensation to 1,800 ground crew staff who were found to have been illegally sacked.
A judge has delayed mediation in a suit alleging Westpac fired its former head of risk after complaints of alleged fraud at its RAMS unit.
The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members.
An ex-EY partner accused of pocketing $700,000 in commissions in a tax loss scheme wants to vindicate his reputation at trial but is weighing whether to keep his silence, a court has heard.
Appeals court judge Richard Niall has been appointed to lead the Supreme Court of Victoria, following the retirement of Chief Justice Anne Ferguson.
The operator of online gambling sites Ladbrokes and Neds has been taken to court by AUSTRAC for alleged “systemic” money laundering compliance failures.
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