Please login to bookmark Close
A MWL financial adviser has been banned for seven years for advising clients to invest most of their super into Keystone’s Shield Master Fund, which is suspected of misusing $480 million in investor funds.
BHP loses challenge to same job, same pay orders
Please login to bookmark Close
BHP and its in-house labour hire subsidiary have lost their bid to challenge same job, same pay orders by the Fair Work Commission workers at mines in central Queensland.
Judge won’t put Bupa class action on ice pending possible appeal
Please login to bookmark Close
A judge hearing a class action alleging Bupa failed to provide promised levels of care to residents has said she won’t put the case on ice pending the aged care provider’s potential appeal of a decision declining to toss the case.
Port Macquarie pub can’t assert restrictive covenant to block Liquorland
Please login to bookmark Close
A popular Port Macquarie tavern can’t enforce a restrictive covenant which bars a neighbouring shopping centre from selling alcohol, with a court finding that development consent was validly given to Coles to build a Liquorland.
ASIC questions rent-to-own company’s challenge to $7.4M penalty
Please login to bookmark Close
ASIC has questions about the “bona fides” of a rental company’s appeal of a $7.4 million penalty for unlawful loan agreements, telling a court it needs to see evidence about the “very rapid decline” of the company’s financial position.
Iberdrola expands renewables portfolio with Ararat wind farm acquisition
Please login to bookmark Close
Swiss-based investment firm Partners Group has exited the Australian wind market, selling its stake in a 242-megawatt wind farm in Victoria to Spanish energy company Iberdrola.
Victoria pays $650M to acquire Gippsland wind farm
Please login to bookmark Close
Victoria’s State Electricity Commission had paid $650 million for the Delburn wind farm in Gippsland, which is set to power more than 130,000 homes by 2028.
Owners corporation loses bid to set aside Mercon DOCA
Please login to bookmark Close
A judge has refused to set aside a deed of company arrangement passed by creditors of construction company Mercon, finding that the owners corporation of a 33-unit development has not proved the value of its $4.2 million claim.
Blockchain mining firm NGS wound up for ‘blatant’ contraventions
Please login to bookmark Close
A court has ordered the winding up of blockchain mining firm NGS Group and related companies, finding they operated in “blatant” violation of the Corporations Act.
Macquarie agrees to pay $35M penalty in ASIC’s first short-sale reporting case
Please login to bookmark Close
Macquarie Securities has agreed to pay a $35 million penalty in a civil suit brought by the Australian Securities and Investments Commission alleging systemic misreporting of short sales over a 14-year period.