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APRA has increased ANZ's capital add-on requirement by $250 million to account for operational risks, after a report highlighted “persistent and prevalent” problems at the bank.
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
In a loss for the ACCC, the High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU merely by yielding to a threat of industrial action.
Buy now, pay later giant Zip will ask the High Court to throw out a ruling that found it infringed mortgage provider Firstmac's 'Zip' trade mark and barred it from using the name in Australia.
Construction PRO
JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.
Construction PRO
The builder contracted to carry out expansion works at Casey Hospital in Berwick has sued its insurer for refusing to cover $4 million in damages caused by a subcontractor's delays.
Construction PRO
The High Court has refused special leave to Transport for NSW to weigh in on a dispute over the value of land acquired near the Western Sydney Airport.
Construction PRO
CPS Technology & Infrastructure has sued subcontractor Skyaus Infrastructure over $1.3 million in loss allegedly suffered after Skyaus failed to obtain necessary permits for a new Optus facility in the rural village of Anakie.
Construction PRO
The NSW Independent Commission Against Corruption will conduct a public inquiry into whether former School Infrastructure NSW CEO Anthony Manning and others improperly awarded contracts and jobs to their friends.
Construction PRO
Builder Icon has reached an agreement with the NSW valuer general on the value of a parcel of land for its proposed Westgate industrial estate in western Sydney.