Industries

The federal government has agreed to cover almost half of the costs for building and upgrading 2032 Olympic Games venues after striking a deal with the Queensland government.

Real estate investment manager Marquette Properties has acquired an office tower on George Street in Brisbane for $52 million, after scooping up another tower down the street last year for a student accommodation. 

The NSW Land and Environment Court has given the green light to a plan to build an apartment complex in Bondi Junction following a successful conciliation conference between the developer and the local council.

The applicant in an employment class action against The Reject Shop is appealing a court decision that found it could amend the case and redefine the group members but not retroactively.

The Australian Competition and Consumer Commission is looking into energy companies’ promotional materials after consumer advocacy group CHOICE complained that offers of savings are designed to overwhelm and confuse while not offering real value.

TPG Telecom has launched an investigation following a cyber incident which resulted in  280,000 emails of iiNet customers being accessed by hackers.

A judge has hit Qantas with a $90 million penalty for unlawfully outsourcing its ground crew staff during the COVID-19 pandemic, saying the airline was “the wrong kind of sorry”. 

Google has agreed to pay a $55 million penalty for making anti-competitive agreements requiring Telstra and Optus to pre-install Google Search on Android devices they sold.

The National Australian Bank says it will take a $130 million hit after issues with its payroll system led to staff being underpaid.

The corporate cop can revise its action against Gold Coast property developer ALAMMC to seek winding up orders after concerns have emerged about misuse of $70 million in investor funds.