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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.
Jon Adgemis’ South Bondi Hotel to be put on market later this year
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Receivers for Jon Adgemis’ Public Hospitality Group are planning to put the South Bondi Hotel on the market by the end of the year.
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.
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.
Entrepreneur Aaron Sansoni secures injunction, contempt conviction against ex-CFO
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The sacked CFO of Aaron Sansoni Group International who allegedly took control of the company’s domain names and the business name of its eponymous founder has been convicted of contempt and hit with freezing orders.
Banksia case against receiver has dim prospects, is out of time, court finds
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KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.
Apple, Google say orders sought by Epic Games go ‘well beyond’ case
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In the wake of a judgment that Apple and Google misused their market power in running their app stores, the tech giants are fighting injunctions proposed by Epic Games, which they say go beyond the case argued at trial.
JLL to be sued by former human resources exec
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The former human resources head for JLL in Australia is set to sue her former employer after she was allegedly sacked while on leave despite never being told she was under investigation.
Full Court revives harassment case, says judge relied on ‘preconceptions’
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An appeals court has overturned the dismissal of a sexual harassment case and ordered a new trial after finding a judge did not consider crucial evidence and relied on “a preconception of how a victim would act”.
Bakers Delight loses challenge to reverse onus finding in FWO case
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Bakers Delight has lost its appeal of a decision that found it was subject to a statutory reverse onus to disprove record-keeping claims in underpayments proceedings against a franchisee.