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A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
ASX's management of operational risk that led to December's CHESS settlement outage has the corporate regulator and the Reserve Bank "increasingly concerned" and "deeply disappointed".
The corporate regulator has caned the super fund industry for its poor handling of death benefit claims it said had "devastating impacts" on members' grieving relatives.
Construction PRO
Former directors of New Century have won a dispute over a due diligence report prepared by Gilbert + Tobin in their litigation centred on royalty payments from a zinc mine in north-west Queensland.
Construction PRO
Property developer PDG has unveiled plans for a luxury tower to be built at the site of the Queens Bridge Hotel in Melbourne's Southbank.
Construction PRO
Renewable energy developer Equis has begun construction of a two battery energy storage system in Tamworth, NSW after securing $260 million in financing.
Construction PRO
The ACT government’s has appointed Multiplex to support design and planning work for the next stage of the territory's northside hospital project in Canberra.
Cybercrime detectives are probing a major data breach of the NSW online court system, which exposed thousands of sensitive court files.
Construction PRO
Perth-based boutique builder Ultimo has entered liquidation, the latest construction company to go under as the industry faces rising costs and labour shortages.
The Albanese government will ban non-compete clauses in employment contracts for workers earning salaries under the high-income threshold, saying the clauses were dragging down wages.