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Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower’s reputation.
ATO whistleblower pleads guilty to secret recording, will avoid jail
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Australian Tax Office whistleblower Richard Boyle has pleaded guilty to four charges connected to disclosures he made against his employer, but will avoid jail.
ASX can’t see file notes of key ASIC interview in CHESS case
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A judge has upheld ASIC’s privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system.
Marsh points finger at UBS in $7B Greensill cases
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Insurer Marsh has fired off a cross-claim against Swiss bank UBS in several cases brought over Greensill’s $1.7 billion collapse.
ASIC seeks $30M penalty for Westpac’s ‘scandalous’ conduct
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ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.
For Sydney corporate tenants, prime views come with high price tag
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Companies can expect to pay 60 per cent more to rent out floors with views in Sydney’s premium office towers, according to a report by commercial real estate broker CBRE.
Toyota Finance hit with class action over add-on insurance
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Toyota Finance has been hit with a class action alleging customers paid thousands for ‘junk’ add-on insurance, on the heels of a law firm’s unsuccessful bid to add the claims to an existing class action over flex commissions.
REA Group probed by ACCC over subscriptions for real estate agents
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Real estate listings giant REA Group faces questions by the Australian Competition and Consumer Commission over its subscription offerings.
Developer wins appeal over deal for NDIS housing
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Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.
Seizing on ‘Olympic effect’, Centuria sells Queensland properties for $60M
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Real estate funds manager Centuria Capital Group has taken advantage of surging investment demand, selling three industrial assets in southern Queensland for an average sales premium of 25 per cent.