The Belmont Citi Shopping Centre has changed hands after 27 years, with a private investor scooping up the popular NSW shopping destination for $40 million.
Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients’ best interest.
Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment’s stake in the Queen’s Wharf entertainment project in Brisbane.
The corporate regulator has brought action against three companies in Sanjeev Gupta’s steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.
Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what’s been touted as the largest-ever direct real estate transactions in Australia.
Builder Richard Crookes has won a contract to rebuild the historic Powerhouse Museum, with two museum buildings found to have unsafe steel structures that will need to be replaced.
Dendy Cinema has paid a $19,800 penalty after the ACCC alleged it failed to prominently display the total price for movie tickets sold online at the earliest point in the sale process, a practice known as ‘drip’ pricing.
Childcare centre Bright Days is on the hook for a $1 million payment to builder ATG under an $11 million construction contract, after a judge rejected its argument that an adjudicator’s decision not to determine a payment application due to a perceived conflict of interest was a determination of the application.
The federal government is seeking feedback on its proposed GO emissions accounting scheme, which will certify the provenance of low-emissions products and renewable electricity, starting with ‘green’ hydrogen.