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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.
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.
Hunter Water on hook for $1M in damages for townhouse block flooding
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NSW government-owned utility Hunter Water has been ordered to pay $1.2 million in damages to 118 owners in a townhouse block in Newcastle for flooding caused by a burst water main.
Couple misled by NSW builder over cladding wins $500K
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In the final chapter of a years-long fight, an appeals court has ordered a NSW prefab home builder to pay almost $500,000 in damages after finding it engaging in misleading and deceptive conduct to convince a couple to vary their contract to allow the use of cladding they had previously rejected.
ACCC flags concerns over Igneo’s plan to acquire Benedict Recycling
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The ACCC has raised competition concerns about the proposed acquisition of Benedict Recycling by its “closest competitor” Igneo Infrastructure Partners, a subsidiary of Australian asset management giant First Sentier Investors.
Cement Australia wins OK to acquire BGC assets after bringing Adbri into the mix
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The ACCC has approved a deal that will see the assets of a unit of materials giant BGC Group sold to Cement Australia, Holcim, Heidelberg Materials Australia and Adbri, after worrying an initial proposal could affect the supply of ready-mix concrete in the Perth area.
BHP can’t halt same job, same pay decision pending appeal
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Mining giant BHP and its in-house labour hire subsidiary have failed in their Federal Court bid to stay same job, same pay orders by the Fair Work Commission ahead of an appeal.
AFL concussion class action survives declassing bid
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A judge has rejected applications by the AFL and the Geelong Football Club to declass a concussion class action, but has ordered an initial trial that will cover only a fraction of the 38-year claim period in the case.
Real estate lawyers on notice as new guidance drops on climate advice
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Fresh guidance by the peak legal body in NSW in response to major developments in climate law impacts lawyers advising on real estate deals, who face potential negligence claims for failing to warn clients of the emerging risks.
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.