Industries

The funder that backed a shareholder class action against engineering firm CIMIC that settled for $45.25 million will take a cut to its 25 per cent commission, but wants the court to find the commission would otherwise have been reasonable. 

Perth-based boutique builder Ultimo has entered liquidation, the latest construction company to go under as the industry faces rising costs and labour shortages.

The ACT government’s has appointed Multiplex to support design and planning work for the next stage of the territory's northside hospital project in Canberra.

Renewable energy developer Equis has begun construction of a two battery energy storage system in Tamworth, NSW after securing $260 million in financing.

Family-owned real estate group Coronis has successfully challenged the tax office on a $5 million alleged shortfall, with a judge finding service fees paid to two companies in the group were deductible.  

A judge has refused a late-stage bid to strike out Brisbane Airport's lawsuit against lessee AirServices Australia claiming $17.3 million in damage from PFAS contamination caused by its use of firefighting foam.

United Petroleum has successfully sued the landlords of one of its petrol stations for failing to pay for repairs to potholes described as "more like large craters".

The Queensland government will build a new $3.8 billion 63,000-seat stadium in Brisbane's Victoria Park to host the opening and closing ceremonies of the 2032 Olympic Games. 

Another fight over an $87 million mixed-use Canberra development may be on the cards, after the project's liquidators won approval to assign potential claims against WSP and builder Construction Control over alleged stitch bolt defects.

A $750 million green hydrogen project in South Australia has been shelved in the wake of a feasibility study.