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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.
QIC secures $2B to fuel Pacific Energy’s renewables growth
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Queensland Investment Corporation has completed a $2 billion refinancing and equity deal for its remote and off-grid power distributor Pacific Energy.
Glencore gets OK to expand Ulan coal mine operations
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The NSW government has granted mine operator Glencore permission to run the Ulan coal mine until 2035, allowing for the extraction of an additional 18.8 million tonnes of coal, despite net zero targets on the horizon.
X Corp brings legal challenge over eSafety obligations
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X Corp has brought proceedings against the eSafety commissioner arguing it is not covered under a new online safety standard, which allows the regulator to issue fines without a notice.
Judge scolds HSBC for missing deadline to file defence in ASIC scam case
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A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop’s case alleging the bank failed to protect customers from scams.
Healthscope secures $100m injection from CBA as receivers appointed
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The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.
Freezing orders extended against people with suspected links to Keystone
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A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.
Moderna loses bid to patent mRNA vaccine
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Moderna has failed in its bid to secure an mRNA vaccine patent, but an IP Australia delegate gave the US biotech another shot at its application.