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The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.
Freezing orders extended against people with suspected links to Keystone
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A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.
Moderna loses bid to patent mRNA vaccine
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Moderna has failed in its bid to secure an mRNA vaccine patent, but an IP Australia delegate gave the US biotech another shot at its application.
Judge approves ‘high end’ 30% GCO in JB Hi-Fi class action
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A judge has approved Maurice Blackburn’s 30 per cent group cost order in a class action against JB Hi-Fi over worthless warranties, noting the ‘high end’ rate would be reviewed at a later stage.
Failed NULIS class action says costs should wait until appeal
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The lead applicant in a failed class action against NULIS Nominees has argued that any costs orders should be stayed until after its appeal, while the ex-NAB super trustee claims it should have $8 million in costs paid now.
ASIC hits Kalkine with new licence conditions over customer service advice
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The corporate watchdog has imposed extra conditions on Kalkine’s financial services licence amid concerns customer service representatives were providing unlicensed advice.
Monarch Advisory’s 12-month non-compete clause reasonable, court says
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Financial services firm Monarch Advisory Group has won over $270,000 in damages after two employees who started a new business were found to have breached restraint clauses in their contracts.
It’s net zero, dummy: Albo signals sign off of Woodside’s North West Shelf gas extension
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Woodside’s North West Shelf gas project looks set to be extended until 2070, with Prime Minister Anthony Albanese signalling the federal government’s approval was a sure thing.
Queensland government axes $1B Moonlight Range wind farm
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Following public consultation, the Queensland government has decided it will not move forward with the Moonlight Range wind farm, which was expected to power 260,000 homes per year with renewable energy.
NorthWest vows to work with Healthscope buyers as hospital group fails
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Northwest Healthcare Properties REIT has promised to work with potential buyers as Healthscope — the trust’s second largest tenant — collapses.