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MinRes confirms boss will step down over disclosure failures
Energy & Natural Resources 2025-02-13 3:38 pm By Andy Sidler

Mineral Resources confirmed Thursday managing director Chris Ellison will be replaced following a disclosure scandal detailed late last year, but no new penalties will be imposed.

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Competing class actions filed against Coles, Woolworth over ‘illusory’ disounts
Class Actions 2025-02-12 11:21 pm By Christine Caulfield

A second law firm has lodged class actions against Coles and Woolworths on the back of the consumer regulator’s claims that the supermarket giants’ discount campaigns were misleading.

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BHP class action can expand group definition, but not retroactively
Appeals 2025-02-12 10:34 am By Cindy Cameronne

A class action against BHP can include in the group member definition investors who bought shares on secondary platforms, but the change can’t apply retroactively.

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NAB super fund trustee says failed class action rejected $25M offer
Financial Services 2025-02-12 2:42 pm By Cindy Cameronne

Former NAB superannuation fund trustee NULIS is seeking the first ever award of indemnity costs in a class action that flopped following the rejection of a settlement offer.

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BESIX Watpac, Frasers in court over billion-dollar Sydney developments
Construction 2025-02-14 1:49 pm By Cindy Cameronne

BESIX Watpac and Frasers Property are fighting claims they are liable for defects in two residential complexes in the Sydney suburb of Chippendale, including the $2 billion One Central Park towers.

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Lendlease abandons $10M land claim in fight with Macarthur-Onslow family
Real Estate 2025-02-14 3:11 pm By Cindy Cameronne

Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.

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Investa partners with the Salvos on Sydney CBD ‘studio living’ project
Real Estate 2025-02-14 11:41 pm By Julia Kanapathippillai

Property developer Investa and The Salvation Army have partnered to develop a $230 million ‘Studio Living’ apartment building in Sydney’s CBD.

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‘Red flags, red suitcases’: Star GC warned of unacceptable risk, court told
Trials 2025-02-11 10:56 pm By Cindy Cameronne

A former Star executive agreed to renew the casino’s relationship with a junket with organised crime links despite Star Sydney’s GC warning of suspicious transactions, a court has heard. 

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Developer wins stay of judgment debt for builder over $14M Taringa Coles
Construction 2025-02-14 11:23 pm By Andy Sidler

A court has granted a rare stay over a judgment debt to the developer of a Taringa Coles shopping centre, finding if final judgment comes down in its favour, financially troubled builder Kenik may not be able to repay the funds. 

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Centuria Capital buys Brisbane’s Logan Super Centre for $115M
Real Estate 2025-02-13 11:04 pm By Andy Sidler

Real estate funds manager Centuria Capital Group has acquired  Logan Super Centre in Brisbane, hosting big ticket tenants including Freedom, Fantastic Furniture, Spotlight and Anconda. 

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