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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.
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.