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Mayne says Cosette did not validly terminate merger
Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.
World-first social media ban for kids under 16 comes into force
A world-first law banning kids under 16 from accessing social media platforms has gone into force, with the eSafety commissioner vowing to publish a report card on compliance by the end of the year.
ASIC sues super trustee over $300M investment in First Guardian fund
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital's failed First Guardian Master fund.
Commonwealth Bank pays record penalty over consumer data sharing failures
The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers. 
Judge rejects notice that KFC class action said would ‘blow up’ settlement talks
A judge has refused a bid by several KFC franchise owners to send a notice encouraging group members register for an underpayments class action prior to mediation, which the applicant argued would “blow up” settlement talks. 
Construction PRO
CIP can subpoena police in $30M suit over Carver’s Reach development
CIP Group can subpoena Queensland Police, with a judge finding the timing of an ex-business partner's complaints to police may be material to a change of tack in CIP's $30 million suit over a residential development.
Construction PRO
No split trial in suit over confidential South Australia solar plant info
Solar developer Green Gold Energy has lost its bid to bifurcate an upcoming trial in its case accusing competitor Trina Solar of misusing its confidential information, with a judge citing the risks of a retrial. 
Construction PRO
Lifestyle to offer new fee model to existing owners after VCAT appeal
Retirement village operator Lifestyle Communities will offer a new fee model to existing homeowners following an appeal of a ruling in July that its exit fees were unenforceable.
Construction PRO
Fight breaks out over $3.5M surplus from Callide administration
IG Energy and former subsidiary IG Power -- now owned by Czech investment firm Sev.en -- are fighting over a $3.5 million surplus from the administration of IG's interest in the Callide Power Station in Queensland.
Construction PRO
Mirvac tapped as developer for old Sydney Fish Market site
Developer Mirvac has been picked to transform the old Sydney Fish Market site, beating out Lendlease and Stockland Urban as the Infrastructure NSW's preferred bidder.