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The corporate regulator says defunct forex broker Union Standard and its agents should be hit with $300 million in penalties for their tactics in pressuring customers to trade in risky financial products.
Dexus sues AMP over stake in $1.7B Macquarie Shopping Centre
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Real estate fund manager Dexus has sued wealth management firm AMP following a decision forcing it to sell its half of the $1.7 billion Macquarie Shopping Centre.
Crown Group offloads Sky Suites in year’s biggest Sydney hotel deal
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A receiver for collapsed developer Crown Group has sold the Sky Suites Sydney Hotel for a reported $68 million to a Singapore-based company.
Federal government commits $3.4B for 2032 Olympics infrastructure
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Work on a slew of projects in preparation for the 2032 Olympic Games in Brisbane is set to kick into gear, after the federal government committed $3.435 billion for the city’s sports infrastructure, including a new 63,000-seat stadium in Victoria Park.
High Court asked to review price cut on land acquired for Melbourne freeway
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The owners of land acquired to build a Melbourne freeway have asked the High Court to overturn an “erroneous” appeals court decision which left them with $2 million for land worth over $30 million, saying the case raises important questions about the Land Acquisition and Compensation Act.
National firm picks up new Sydney digs with harbour views
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A national law firm has acquired a harbour-side office space in Sydney’s Harrington Collection for its headquarters.
Industrial, logistics deals drive commercial real estate growth: report
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Australia’s industrial and logistics sector has propelled the commercial real estate market in the first half of 2025, while the office sector has lagged, according to a recent report, which also found a spike in offshore investments.
Walter Sofronoff can challenge Integrity Commission report
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A judge has ruled that Walter Sofronoff KC can rely on a report on his inquiry into the prosecution of Bruce Lehrmann in his case challenging the ACT Integrity Commission’s findings that he engaged in corrupt conduct.
Regeneron sues Sandoz over Eylea biosimilar
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US biotech company Regeneron Pharmaceuticals has sued Sandoz, claiming it is threatening to infringe the patent for its Eylea biologic, used to treat macular degeneration and diabetic macular oedema.
ASIC wins travel restrictions against Falcon Capital directors amid probe
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The corporate regulator has secured travel restrictions and freezing orders against two directors of Falcon Capital as part of its investigation into its managed investment fund.