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Queensland Investment Corporation has completed a $2 billion refinancing and equity deal for its remote and off-grid power distributor Pacific Energy.
Glencore gets OK to expand Ulan coal mine operations
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The NSW government has granted mine operator Glencore permission to run the Ulan coal mine until 2035, allowing for the extraction of an additional 18.8 million tonnes of coal, despite net zero targets on the horizon.
X Corp brings legal challenge over eSafety obligations
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X Corp has brought proceedings against the eSafety commissioner arguing it is not covered under a new online safety standard, which allows the regulator to issue fines without a notice.
Judge scolds HSBC for missing deadline to file defence in ASIC scam case
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A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop’s case alleging the bank failed to protect customers from scams.
Healthscope secures $100m injection from CBA as receivers appointed
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The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.
Freezing orders extended against people with suspected links to Keystone
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A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.
Moderna loses bid to patent mRNA vaccine
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Moderna has failed in its bid to secure an mRNA vaccine patent, but an IP Australia delegate gave the US biotech another shot at its application.
Judge approves ‘high end’ 30% GCO in JB Hi-Fi class action
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A judge has approved Maurice Blackburn’s 30 per cent group cost order in a class action against JB Hi-Fi over worthless warranties, noting the ‘high end’ rate would be reviewed at a later stage.
Failed NULIS class action says costs should wait until appeal
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The lead applicant in a failed class action against NULIS Nominees has argued that any costs orders should be stayed until after its appeal, while the ex-NAB super trustee claims it should have $8 million in costs paid now.
ASIC hits Kalkine with new licence conditions over customer service advice
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The corporate watchdog has imposed extra conditions on Kalkine’s financial services licence amid concerns customer service representatives were providing unlicensed advice.