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Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.
NCAT won’t terminate organic dairy farm lease over alleged deterioration
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A tribunal has refused to terminate a lease for a dairy farm in Raleigh, NSW and declined to order $500,000 in compensation over claims the tenants are responsible for deterioration in the property, including the “uncontrolled infestation” of a noxious weed.
HM Capital’s 105-turbine wind farm approved despite environmental concerns
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Victoria’s state government has approved the development of a new wind farm on the fringes of protected wetlands and a national park.
Architects selected for Brisbane Olympic stadium
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Australian architecture firms Cox and Hassell will team up with Japanese firm Azusa Sekkei to design a new stadium for the 2032 Olympic and Paralympic Games.
$583M Blue Sky class action can bring insider trading claims
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A judge has allowed a shareholder class action over the collapse of asset manager Blue Sky to bring insider trading claims against several short sellers, as well as brokers Credit Suisse and Argonaut Securities.
Court tosses class action’s appeal over public housing demolition
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An appeals court has rejected a class action’s challenge to a finding that Homes Victoria had a legitimate purpose in deciding to demolish and redevelop public housing towers in Melbourne, despite “lamentable” lack of consultation.
Lawyerly holiday publishing schedule
Leaders of Telegram ‘pump and dump’ scheme sentenced
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Four people who operated an illegal ‘pump and dump’ scheme through the Telegram app have been convicted and sentenced to terms of imprisonment via intensive correction orders.
Court grants developer’s discovery bid for potential claims against lawyers
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A Sydney developer who claims his solicitor provided faulty advice relating to a financing facility for a project that went into receivership has been granted access to documents from the lawyer.
MWL adviser banned for 7 years for recommending Keystone fund
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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.