Energy & Natural Resources

The Australian Energy Regulator must repay AGL a $25 million penalty secured by the watchdog in a Federal Court case, after the power company prevailed on appeal.

The Tamworth local council has lost its bid to inspect advice given by Baker McKenzie to the owner of the Hills of Gold wind farm in regional NSW as they fight over costs in a development consent dispute.

The ATO has lost its appeal of a ruling that put it on the hook for $35 million after a judge found it received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him. 

The former majority owner of NY-based Infrastructure Capital Holdings has won its bid for documents ahead of mediation in a suit alleging Foresight Group Holdings undervalued the company's investments in Kinetic and Zenith Energy, which sold for a combined $5.7 billion last year.

M Resources Trading has won its challenge to a decision setting aside a $1.07 million statutory demand it issued to defunct mining company Australian Pacific Coal, with an appeals court finding there was no genuine dispute over the debt.

The NSW government has vowed to fast-track data centre applications if developers comply with a new set of guidelines designed to minimise impacts on local communities.

The liquidators of GFG Alliance's Tahmoor Coal are challenging a decision over a royalties deed in favour of former owner Glencore.

Arrium's former directors and auditor KPMG have lost a challenge to a key report relied on by shareholders in a class action over the collapsed steelmaker that says the company overstated the value of its assets.

Edify Energy has reached financial close on two solar and battery projects near Townsville, paving the way for construction to begin on the developments, which are expected to supply enough electricity to power more than 100,000 homes.

Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.