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A class action over alleged inflated insurance policy premiums charged by advisers of two Commonwealth Bank wealth management licensees has settled, the second class action over CommInsure to resolve this week.
Judge questions AMP class action’s bid to ‘prettify’ case on eve of trial
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The applicant in a class action against AMP wants to amend the case five years in and three months out from trial, but a judge has warned he will look dimly on any changes that disrupt the evidence planned for the hearing.
End of the road for Mercedes-Benz dealers, as High Court passes up appeal
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The High Court has put the brakes on a $650 million case by Mercedes-Benz dealers over the car maker’s switch to a fixed-price sales model, despite acknowledging the “important issues” the appeal raised.
Builder Bloc suing over defects in Newcastle development
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Developer Bloc is locked in a dispute with a contractor on the Watervue residential development in Newcastle, who it has accused of carrying out defective piling works.
Development consent for Sydney Airport hotel ‘in force’: NCAT
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The NSW Civil and Administrative Tribunal has given the operator of the Ibis Sydney Airport hotel in Mascot another chance to seek a liquor licence, finding a deferred commencement condition did not mean a development consent was not ‘in force’.
WA cancels $1.6B redevelopment for Perth Convention and Exhibition Centre
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The government of Western Australia will not move forward with a planned $1.6 billion redevelopment of the Perth Convention and Exhibition Centre but will instead divert most of its $1.6 billion investment to a hospital infrastructure fund.
AGL sells Tilt Renewables stake to OIC, Future Fund for $750M
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AGL has agreed to sell the lion’s share of its equity stake in Tilt Renewables to the Queensland Investment Corporation and Australia’s sovereign wealth fund for $750 million.
Australian Renewable Energy Agency pumps $45M into Fortescue solar hub
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The Australian Renewable Energy Agency will invest $45 million into Fortescue’s first-of-its-kind solar innovation hub in Western Australia’s Pilbara region.
ISPT offloads Parramatta CBD office tower for $82M
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Real estate investment fund manager ISPT has sold an 11-storey A-Grade office tower in Parramatta’s CBD for $82 million.
High Court appeals fail in strip search case against Qatar Airways
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The High Court won’t weigh in on a case over strip searches of Qatar Airways passengers, following a mixed ruling that revived claims against the airline but found Qatar’s aviation authority could not be sued.