Swiss-based investment firm Partners Group has exited the Australian wind market, selling its stake in a 242-megawatt wind farm in Victoria to Spanish energy company Iberdrola.
Victoria’s State Electricity Commission had paid $650 million for the Delburn wind farm in Gippsland, which is set to power more than 130,000 homes by 2028.
A judge has ordered ANZ to pay $250 million in penalties in four cases by ASIC – $10 million more than the bank had agreed to pay – saying ANZ had “substantially deceived” the government by overstating bond trading volumes.
Macquarie Securities has agreed to pay a $35 million penalty in a civil suit brought by the Australian Securities and Investments Commission alleging systemic misreporting of short sales over a 14-year period.
A WiseTech investigation into billionaire chair Richard White has found no evidence that he misused company funds in his personal relationships with two women, including to pay for an employee’s plastic surgery.
A proposal to expand Sydney Harbour’s Woolwich Marina has been knocked back, with a judge finding the development would obstruct views of heritage listed areas.
An appeals court has rejected a class action’s challenge to a finding that Homes Victoria had a legitimate purpose in deciding to demolish and redevelop public housing towers in Melbourne, despite “lamentable” lack of consultation.
Superannuation fund Australian Retirement Trust has acquired a 48.5 per cent interest in Mirvac’s $1.7 billion build-to-rent fund.
Ashurst has nabbed a partner from Norton Rose Fulbright to join its global projects and energy transition team.
A new class action targeting Grill’d alleges the burger chain wrongly denied thousands of workers the rest breaks they were entitled to under enterprise bargaining agreements.