Industries

The owners of land acquired by Transport for New South Wales to build the M12 motorway to the new Western Sydney Airport must be compensated an additional $28.6 million to align with the value of their property after it was rezoned, a court has found.

Lendlease CEO Tony Lombardo will make the jump to Frasers Property, where he will serve as group CEO in the company's Singapore office.

Transport for NSW has issued a warning to M6 construction contractors CPB, Ghella and UGL over a “sustained failure” to resume work on the Sydney motorway after sinkholes forced a halt to the project in 2024.

Crowley Australia has lost its challenge to a $6.1 million decision for contractor Latitude 63 in a payment row over the construction of fuel tanks in Darwin, with a judge rejecting claims the adjudicator should have recused himself. 

The UK-based operator of Ladbrokes and Neds has hit back at a class action alleging its use of in-play fast code betting services was illegal, launching a counterclaim to claw back group members' winnings. 

The corporate regulator has filed proceedings seeking to wind up a company in the steel empire of billionaire Sanjeev Gupta for failure to lodge financial reports for four years. 

A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s troubled Shield Master Fund. 

Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.

ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.

The reluctance of Pacific Werribee Shopping Centre co-owner Wadren to withdraw a non-compliant expert report in a $356 million defects case against the collapsed Probuild has raised the hackles of the presiding judge.