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Paladin Energy has been hit with a shareholder class action over alleged misleading disclosures to the market about expected production at its flagship uranium mine in Namibia.
Citing financial uncertainty, Star says trial in AUSTRAC case should not wait
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Embattled casino operator The Star says a trial in AUSTRAC’s case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.
$64.25M settlement in MLC Super class action on ‘higher end’, court told
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A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”.
Santos wins final approval for $5.6B Barossa gas project
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Santos has secured final approval from the offshore energy regulator for its undersea Barossa gas field, dubbed by an environmental group as a “climate bomb”.
Frasers Property in $600M logistics JV with Morgan Stanley’s real estate investment arm
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Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.
Region Group offloads Sydney shopping centre for $76M
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Retail property investor Region Group has sold the Greystanes Shopping Centre in western Sydney for $76 million.
Court clarifies tax treatment for land development
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A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.
Developer can’t claim setoff in spat with Tomkins over $55M Sunshine Coast apartments
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An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins’ pre-completion payment claim has been thrown out.
BHP, ACCIONA Energía to explore pumped hydro facility at Mt Arthur site
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Mining giant BHP and ACCIONA Energía will investigate if the site of NSW’s largest thermal mine is capable of conversion into a pumped hydro energy storage facility.
Sky News loses appeal in case of ‘wholesale copying’ by media monitor Isentia
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An appeals court has dismissed Sky News’ challenge to a ruling that media monitor Isentia was not liable for copyright infringement despite “wholesale copying” of content for government clients.