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Construction PRO
Builder Rawson wins court battle over option deed for residential project
A Rawson Group unit has successfully argued that it was entitled to rescind an option deed to buy land in the Southern Highlands of NSW after the soil was classified as a “problem” that posed real risks of increased building costs.
Construction PRO
ISPT loses challenge to $20M duty after revenue office aggregates deals
A court has dismissed a challenge by ISPT to a $20 million tax assessment by the NSW State Revenue's Office over two acquisitions that increased its stake in Fort Street Real Estate Capital Fund.
Construction PRO
AirTrunk to invest $4.2B on Malaysian data centres
Australian data centre platform AirTrunk has announced it will invest $4.2 billion to build two new data centres in Malaysia.
Construction PRO
Owners of luxury Neutral Bay development secure quick $7.8M win
The owners corporation of a luxury apartment block in Sydney’s North Shore have been awarded $7.8 million in a summary judgment ruling after developer Lotus Fund failed to put on more than bare denials.
Construction PRO
Gadens adds 2 real estate, construction partners in latest hiring round
Gadens has brought on eight new partners, building out its offering for in-demand practices like corporate, financial services and real estate and construction.
Hyundai, Kia class actions want costs from funders of losing cases
The prevailing applicants in a contest to run class actions against Hyundai and Kia want all their costs of the beauty parade against the plaintiffs and funders of the failed cases, arguing the whole of their outlay was unnecessary.
Google, Meta, TikTok to face tax for not doing deals with media companies
Under proposed new legislation, digital platforms like Google, Meta and TikTok would face a 2.5 per cent tax on their local revenue if they fail to do commercial deals with news publishers.
eSafety wants Roblox, others to detail measures against extremism
Online watchdog eSafety has called on four gaming giants to explain how they are safeguarding children against radicalisation and grooming.
Solvar’s Money3 must pay $1.55M in ASIC case
A judge has imposed a $1.55 million penalty on car finance lender Money3 in ASIC's action alleging breaches of responsible lending obligations, criticising the regulator again for its "sprawling" case. 
Emma Sleep to pay $15M penalty, less than half the ACCC’s sum
A judge has hit mattress retailer Emma Sleep with a $15 million penalty after it admitted to repeatedly misleading consumers about discounts, saying the ACCC's proposed $36 million was not needed to achieve deterrence.