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A Victorian man has pleaded guilty and been sentenced for trading on insider information ahead of the public announcement of a $20 million share placement for medical cannabis company Cann Group.
ASIC says 15 auditors likely did not comply with independence rules
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A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.
Catalyst wins $32M from Presbyterian Church of Qld for failed land deals
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Property group Catalyst has won $31.7 million from a trustee corporation of the Presbyterian Church of Queensland over a suite of scuppered transactions for land and aged care homes.
WSP flags bid to stay suit by partner on troubled Kingston development
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Engineering firm WSP may seek to permanently stay a new suit by Canberra builder Morris Construction that claims it should be on the hook for engineering and design failures by a subsidiary, the latest fight between the parties over a troubled Kingston development.
Monadelphous loses fight over amendments in suit over Kawana sewage plant
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Engineer Monadelphous has lost a fight that will affect its ability to run a limitations defence in a suit over alleged defects in a sewage plant upgrade on the Sunshine Coast.
Top Ryde City Shopping Centre sold for $525M
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Singapore-based Keppel REIT and Australian asset manager MA Financial have paid $525 million to acquire the Top Ryde City Shopping Centre in Sydney’s northwest.
AGL, Someva Renewables win thumbs up for Pottinger Energy Park
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A joint venture of AGL Energy and Someva Renewables has been given the government’s go-ahead for a new wind farm in NSW’s Riverina region that is expected to power almost 600,000 homes.
Telstra hit with $18M penalty in ACCC case over Belong speeds
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Telstra has been ordered to pay $18 million in ACCC proceedings, after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider Belong.
Judge questions claim Banksia receiver ‘went along’ with class action settlement
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A judge has questioned whether an investor in failed Banksia Securities can bring a case against a court-appointed receiver over his support for a class action settlement later found to involve deception by a team of lawyers.
Another engineering firm faces claims in Hunter Valley crash class action
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Another company is being pulled into a class action over a fatal bus crash in NSW’s Hunter Valley, with infrastructure consulting firm AECOM planning a cross-claim against engineering firm GHD Australia.