Industries

The director of collapsed Shangri-La Construction has been hit with self-executing orders to file evidence in Victoria's case over alleged combustible cladding on a Melbourne building, after unexplained delays.

The High Court has been asked to weigh in on whether issue and Anshun estoppel apply to SOP Act claims, with a South Australian wind farm seeking to overturn a ruling ordering it to make a $21 million progress payment to joint venture partners GE Renewable Energy and Elecnor.

NSW has approved 10 renewable energy projects to connect to the state's first renewable energy zone.

Rugby team the Sydney Roosters has purchased a 26-room UKO co-living apartment block in Paddington in Sydney's east.

Real estate funds manager Centuria has acquired a $33 million warehouse in Melbourne's west, as part of its partnership with US private investment firm Starwood Capital.

HCF Life insurance has been hit with a $750,000 penalty for including a pre-existing condition term in a life insurance policy, which a judge found was likely to mislead.

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

ANZ has sued several insurers seeking coverage for two class action settlements totalling $117 million, plus defence costs, in cases stemming from the banking royal commission. 

The corporate watchdog has imposed additional conditions on Macquarie Bank's financial services licence, citing multiple and significant compliance failures.