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A court has granted an application for a development that will demolish part of a former Commonwealth Bank building in Sydney’s inner west to construct a co-living building.
Morisson’s UTA takes full stake in Sydney Desalination Plant
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Advised by Johnson Winter Slattery, Morrison-managed investment fund Utilities Trust of Australia has bought out a Canadian pension fund for full ownership of the Sydney Desalination Plant.
Melbourne Rebels directors grilled on ‘startling’ inability to explain tax case
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A judge has called out the directors of failed Super Rugby club Melbourne Rebels for their “startling” inability to explain their case against the club’s administrators and the tax office.
Mayne says Cosette did not validly terminate merger
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Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.
World-first social media ban for kids under 16 comes into force
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A world-first law banning kids under 16 from accessing social media platforms has gone into force, with the eSafety commissioner vowing to publish a report card on compliance by the end of the year.
Gilbert + Tobin bolsters disputes practice with partner from Jones Day
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Gilbert + Tobin has poached a litigation partner from Jones Day, strengthening the law firm’s blue ribbon disputes practice.
ATO scolded for ‘tax now, ask questions later’ pursuit of Kupang director’s debt
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A judge has found the ATO knowingly received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him, with a judge skewering the tax office for instituting a “policy of wilful blindness” in pursuit of the debt.
King & Wood Mallesons to split China, Australia operations
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King & Wood Mallesons has announced its China and Australia partnerships will split into two independent firms, 14 years after the pair’s merger created one of the world’s largest global law firms.
ASIC sues super trustee over $300M investment in First Guardian fund
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ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital’s failed First Guardian Master fund.
Commonwealth Bank pays record penalty over consumer data sharing failures
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The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers.