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ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.
For Sydney corporate tenants, prime views come with high price tag
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Companies can expect to pay 60 per cent more to rent out floors with views in Sydney’s premium office towers, according to a report by commercial real estate broker CBRE.
Toyota Finance hit with class action over add-on insurance
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Toyota Finance has been hit with a class action alleging customers paid thousands for ‘junk’ add-on insurance, on the heels of a law firm’s unsuccessful bid to add the claims to an existing class action over flex commissions.
REA Group probed by ACCC over subscriptions for real estate agents
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Real estate listings giant REA Group faces questions by the Australian Competition and Consumer Commission over its subscription offerings.
Developer wins appeal over deal for NDIS housing
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Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.
Seizing on ‘Olympic effect’, Centuria sells Queensland properties for $60M
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Real estate funds manager Centuria Capital Group has taken advantage of surging investment demand, selling three industrial assets in southern Queensland for an average sales premium of 25 per cent.
QIC secures $2B to fuel Pacific Energy’s renewables growth
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Queensland Investment Corporation has completed a $2 billion refinancing and equity deal for its remote and off-grid power distributor Pacific Energy.
Glencore gets OK to expand Ulan coal mine operations
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The NSW government has granted mine operator Glencore permission to run the Ulan coal mine until 2035, allowing for the extraction of an additional 18.8 million tonnes of coal, despite net zero targets on the horizon.
X Corp brings legal challenge over eSafety obligations
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X Corp has brought proceedings against the eSafety commissioner arguing it is not covered under a new online safety standard, which allows the regulator to issue fines without a notice.
Judge scolds HSBC for missing deadline to file defence in ASIC scam case
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A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop’s case alleging the bank failed to protect customers from scams.