Construction

The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.

The High Court has been asked to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between luxury home builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.

Roberts Co NSW is to be acquired by United Arab Emirates builder Arada, a month after the Australian construction business put its Victorian unit in administration.

K&L Gates has hired a White & Case partner with over 25 years of experience on major projects to join its Melbourne office.

A new leadership team has been appointed to overhaul the Queensland Building and Construction Commission after a report found the agency was not fit for purpose.

A court has ordered builder Kuatro Build to pay concrete subcontractor Elite Formwork more than $500,000 in progress payments for work on a Sydney development, finding no error in an adjudicator's determination.

Former CFMEU Victorian branch boss John Setka has defaulted on a deadline to file a defence in a case over alleged attempts to have the AFL sack its head of umpires, who previously led the construction watchdog.

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.

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.

A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent.