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ASIC still has ‘grave concerns’ over businessman’s plans amid $35M probe
After losing a travel ban application against a Melbourne businessman as part of a probe into a failed investment fund, ASIC is now seeking freezing orders over his assets.
Origin faces shareholder class action over energy markets guidance
Origin Energy has been hit with a class action alleging it breached its continuous disclosure obligations and misled the market in its earnings guidance for the 2022 and 2023 financial years.
Law firm might drop iPhone class action against Apple, court told
A law firm that lodged a class action against Apple over “throttled” iPhones might discontinue the case without having served the US tech giant. 
Construction PRO
Steller Developments liquidator loses $102M suit against ex-directors
Collapsed Melbourne developer Steller has failed to convince a court that its founders and two former directors owe $101.9 million, with a judge rejecting claims that they personally guaranteed the company’s debt.
Construction PRO
AirServices can’t get separate hearing in airport lease fight over PFAS
A judge has rejected AirServices bid for a separate hearing on whether it was required to manage environmental issues outside of its leased site at the Launceston Airport in Tasmania.
Construction PRO
Pipeline acquired by Conexa in $74.7M deal is taxable ‘land’: appeals court
An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.
Construction PRO
Developers’ email agreement on $1.3M loan not binding: appeals court
An appeals court has tossed a challenge to a judge's decision that found a property developer was required to return a $1.3 million loan, despite finding the judge erred in holding enforceable an agreement reached over email.
Construction PRO
Merivale plans ‘landmark destination’ for car park in Melbourne’s CBD
Melbourne City Council has approved the sale of an eight-storey car park on Little Collins Street to Merivale, which wants to convert the site into a hospitality hub.
Construction PRO
East Warrnambool Shopping Centre sells for $20M in off-market deal
ASX-listed Region Group has sold East Warrnambool Shopping Centre in Victoria for over $20 million in an off-market sale, underscoring investor interest in retail assets.