An ASIC report into private credit has found that commercial property construction and development presents the “greatest potential risk” of impairment or credit loss, as well as being more likely to involve conflicts of interest and opaque fee arrangements.
Industrial battery manufacturer Battery Energy Power Solutions has boosted its security capability by acquiring Melbourne-based critical infrastructure asset manager accesstel.
ASIC’s chair was grilled by members of parliament on Thursday over whether the regulator would take action against individuals within ANZ, after the bank agreed to pay $240 million in penalties for “widespread misconduct”.
Human resources company Employment Hero, which has accused Seek of abusing its dominance by cutting access to its platform, has rejected claims in the hiring giant’s defence of misuse of candidate data.
Former Liberal staffer Brittany Higgins is appealing a finding that she defamed Linda Reynolds in social media posts that implied the former Defence minister mishandled her rape allegations against ex-colleague Bruce Lehrmann.
Developer Techin MBS has filed a lawsuit against Maddocks, claiming the law firm is liable for negligence if a contract of sale for a penthouse in Toorak with multi-millionaire Scott Shearman is not found to be binding.
As it battles for ACCC approval to buy the East Rockingham waste-to-energy plant in Western Australia, infrastructure giant Acciona faces litigation by waste management firm Veolia over the state’s other major plant.
A court has rejected a property developer’s bid to challenge a payment claim decision that found in favour of collapsed builder Kenik, the contractor on a $14 million Coles and Liquorland in Taringa.
Acciona has filed cross-claims against engineering firms SMEC and Jacobs Group after being joined to a class action over a deadly bus accident in NSW’s Hunter Valley.
An undisclosed Asian investor has acquired a Commonwealth Bank-anchored property in Sydney’s south-west for $31.3 million.
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