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The corporate regulator has banned a MWL Financial adviser for eight years for recommending clients park the bulk of their superannuation into Keystone’s high-risk Shield Master Fund, which has since collapsed.
Structural Monitoring Systems barred from removing CEO
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ASX-traded Structural Monitoring Systems has been barred from sacking its CEO after he launched whistleblower proceedings against the aerospace company.
Junior doctors class action settlement wins OK, without court hearing
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A $175 million deal struck to resolve 30 class actions on behalf of junior doctors in Victoria has earned the approval of a judge, who took the unusual course of dispensing with a court hearing on the settlement.
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.
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.
JLL’s legal woes worsen with new suit by former CEO
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The former CEO for JLL’s Australian unit has sued the real estate firm after he was allegedly terminated following an investigation into a complaint against a manager.
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.
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.
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.
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.