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Embattled casino operator The Star says a trial in AUSTRAC’s case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.
$64.25M settlement in MLC Super class action on ‘higher end’, court told
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A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”.
Santos wins final approval for $5.6B Barossa gas project
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Santos has secured final approval from the offshore energy regulator for its undersea Barossa gas field, dubbed by an environmental group as a “climate bomb”.
Frasers Property in $600M logistics JV with Morgan Stanley’s real estate investment arm
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Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.
Region Group offloads Sydney shopping centre for $76M
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Retail property investor Region Group has sold the Greystanes Shopping Centre in western Sydney for $76 million.
Court clarifies tax treatment for land development
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A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.
Developer can’t claim setoff in spat with Tomkins over $55M Sunshine Coast apartments
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An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins’ pre-completion payment claim has been thrown out.
BHP, ACCIONA Energía to explore pumped hydro facility at Mt Arthur site
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Mining giant BHP and ACCIONA Energía will investigate if the site of NSW’s largest thermal mine is capable of conversion into a pumped hydro energy storage facility.
Sky News loses appeal in case of ‘wholesale copying’ by media monitor Isentia
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An appeals court has dismissed Sky News’ challenge to a ruling that media monitor Isentia was not liable for copyright infringement despite “wholesale copying” of content for government clients.
Barrister’s failure to file tax returns doesn’t warrant lifting suspension stay: tribunal
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A stay of a barrister’s suspension remains in place despite claims she failed to lodge eight tax returns, with a tribunal saying non-compliance with tax obligations did not necessarily render a lawyer unfit to practice.