eToro settles with ASIC in novel suit over CFDs

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The court will not get a chance to rule on the design and distribution obligations in the marketing of contracts for difference, after the Australian Securities and Investments Commission reached an agreement with eToro to resolve the first case of its kind. 

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Judge won’t recuse himself from harassment case over GoFundMe

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A judge has refused to recuse himself from a sexual harassment case against the Western Australian Department of Justice after counsel for the department donated $500 to a GoFundMe for his brother-in-law.

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UK developer Avon loses appeal after revenue office refused tax waiver

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An ex gratia payment under Queensland’s tax laws is just what it means — one made by the state revenue office as a favour and not a legal obligation, a court has found in a loss for UK developer Avon.

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Developer sued over ‘off-the-plan’ apartment purchase in lux Queensland high-rise

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Queensland developer Cav Gasworks is facing a suit by a purchaser of an ‘off-the-plan’ apartment, after being ordered to pay $10.3 million for using a sunset clause to renege on an agreement with another buyer in the luxury Newstead high-rise.

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Australia signs landmark critical minerals deal with US

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Australia has reached an agreement with the US for the supply of critical minerals and rare earths amid increasing competition with China, starting with projects in Western Australia and the Northern Territory. 

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Real estate emerges from interest rate-linked contraction: Dexus

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Australian real estate is bouncing back, with returns expected in the 7 to 9 per cent range over the next year, after a period of contraction triggered by an interest rate spike, according to new research.

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Ex-Keybridge CEO can’t bring derivative suit over ACM investment

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Former Keybridge CEO Nicholas Bolton, who was voted out in a board spill earlier this year, has lost his bid to bring a derivative suit against director Frank Catalano over a failed bid to acquire a rural publisher previously owned by Nine. 

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ATO defeats bid by Brite receivers to be dragged into ASIC case

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A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax. 

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