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Construction PRO
Dexus trustee justified in appealing APAC’s win, judge says
A judge has ruled that the trustee for Dexus' airport fund is justified in challenging a court decision that forces a compulsory sale of a $4.5 billion interest in the operator of Melbourne Airport.
Charles Darwin University to backpay workers $4M
Charles Darwin University has agreed to backpay over $4 million to over 800 casual employees as part of an enforceable undertaking with the Fair Work Ombudsman, the latest Australian university to admit to underpaying staff.
KPMG chair to step down, audit partners out
KPMG's national chairman Martin Sheppard is stepping down to make way for an independent chair, and audit partners Eileen Hoggett and Paul Rogers are leaving the firm.
Construction PRO
Charter Hall scoops up Tooronga Village for $79M
Charter Hall has acquired the Tooronga Village Shopping Centre in Melbourne's eastern suburbs for $79 million.
Defunct AI start-up founder jailed for nine years for duping investors
The former boss of Metigy has been sentenced to nine years behind bars after pleading guilty to misusing company funds and providing false information to investors, who pumped $40 million into the AI start-up.
In CBA class actions, High Court asked to adopt Worley approach
The lead shareholder in class actions against CBA has urged the High Court to take a "common sense" approach to loss causation in securities cases, as endorsed by the Full Federal Court in last month's ruling for Worley's investors.
Construction PRO
REST appeals forced sale of Dexus shares in Melbourne Airport
Super fund trustee REST Nominees is the first of the Dexus bloc of APAC shareholders to challenge a finding that a default notice issued by the board of the airport operator was valid.
Construction PRO
Developer wins second bid to tear down Paddington boarding house
After a successful appeal of a decision found to be "personal and idiosyncratic", a Sydney developer can move ahead with plans to demolish a boarding house to make way for four luxury residences in Paddington.
Construction PRO
Lendlease to bill KPMG for fallout of audit leaks scandal
Building giant Lendlease has told besieged auditor KPMG it expects to be compensated for the cost of dealing with the fallout of the accounting giant's misuse of its confidential data.
Allens says court should resolve KPMG privilege standoff
Law firm Allens has told a parliamentary committee that a court should weigh in on whether parliament's powers to compel information overrode KPMG's legal privilege, as the auditor resists orders to produce documents.