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A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.
REA Group faces investigation by competition regulator
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Real estate listings giant REA Group on Tuesday confirmed media reports of an investigation by the Australian Competition and Consumer Commission.
3A can’t duck cross-claim over cladding at Botany Bay towers
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Cladding maker 3A Composites has lost its bid to set aside a cross-claim in a suit against the builder of the Tempo residential towers in Botany Bay over allegedly flammable aluminium composite panels.
Captain Cook hit with $30M in penalties for systemic unconscionable conduct
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Defunct education provider Captain Cook College and its parent company have been penalised over $30 million for enrolling thousands of vulnerable students who accrued $60 million in debt.
‘Extremely inconvenient’: Court unhappy with arbitration push in EnergyConnect project spat
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In a court fight between engineering firm Clough and its former joint venture partner Elecnor, a judge has questioned Elecnor’s “extremely inconvenient” bid to send Clough’s $54 million cross-claim to arbitration in Singapore.
Byron Bay’s The Beach Hotel sells for near record $140M
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The Beach Hotel in Byron Bay has reportedly changed hands for $140 million — the second highest price paid for an Australian pub.
Albanese government signs off on extension of Woodside’s North West Shelf
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Woodside’s North West Shelf gas project will be extended until 2070, after receiving approval from the environment minister.
MAC Copper accepts $1.6B takeover bid from Harmony Gold
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MAC Copper, which operates the Cobar copper mine in NSW, has accepted a $1.6 billion takeover offer from South African-based gold mining company Harmony Gold.
Surfers Paradise’s Cavill Lane sells to investment firms for $31M
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Surfers Paradise’s Cavill Lane retail precinct has been sold for $31 million to investment management companies Boston Global and The Property Factory.
TerraCom to pay $7.5M to settle ASIC’s whistleblower suit
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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.