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Real estate agents in ASIC’s crosshairs over super advice to tenants
Financial Services 2020-04-03 9:45 pm By Cat Fredenburgh

Real estate agents advising tenants who may be unable to pay their rent to draw down their superannuation have raised the ire of the Australian Securities and Investments Commission, which warned they could be violating the Corporations Act.

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Gadens faces lawsuit by director of Modscape for ‘malicious’ letter to building regulator
Real Estate 2020-03-30 4:31 pm By Christine Caulfield

Law firm Gadens and partner Andrew Denehy have been hit with a lawsuit by the director of Modscape alleging a letter to the Victorian Building Authority questioning the financial probity of the director and the design company was false and malicious.

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Canberra developers settle apartment owners’ class action over $6.3M in GST
Class Actions 2020-03-30 1:04 pm By Cat Fredenburgh

The developers behind the Governor Place residential complex in Canberra have reached a settlement in a class action by aparment owners seeking $6.3 million in GST payments on their units.

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‘One hearing and two interlocutory judgments have achieved precisely nothing’: Judge scolds parties in Parklea Market dispute
Real Estate 2020-03-23 6:23 pm By Miklos Bolza

A judge has criticised the parties in a land sale dispute over Sydney’s Parklea Markets for failing to make progress to bring the case to a close, almost three months after a $4.25 million judgment was awarded to a company owned by local retail personality Con Constantine.

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Ousted Piper Alderman partner says sex discrimination case a matter of ‘public importance’
Business of Law 2020-03-04 2:18 pm By Christine Caulfield

A former Piper Alderman partner is seeking to revive her unlawful discrimination case dismissed last year by the Australian Human Rights Commission, saying the seriousness of the allegations and the “public importance” of protecting women leaders from discrimination were powerful reasons to allow her claims to move forward.

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Clive Palmer’s company takes another shot at shutting down class action
Appeals 2020-03-03 12:07 pm By Cat Fredenburgh

A company owned by Clive Palmer is appealing a ruling that denied its bid to temporarily block funding for a class action over the troubled Coolum Palmer Resort.

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Zango hits back at Domain lawsuit, says ads were ‘puffery’
Competition & Consumer Protection 2020-03-02 4:59 pm By Cat Fredenburgh

Property listing startup Zango has denied claims by listing giant Domain that its ads misleadingly represented that it will have listings before any of its rivals, saying the ads amounted to “puffery” but admitting that it self-reported the matter to the ACCC.

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Court blocks Clive Palmer’s bid to shut down class action funding
Class Actions 2020-02-26 3:04 pm By Miklos Bolza

A company owned by mining magnate Clive Palmer has lost its bid to temporarily block funding for a class action over the troubled Coolum Palmer Resort, with the Federal Court finding that special levies garnered from villa owners to back the proceedings were above board and legal.

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ACCC flags concerns over $120M merger of mortgage aggregators AFG, Connective
Competition & Consumer Protection 2020-02-12 11:10 am By Christine Caulfield

Australian Finance Group’s proposed acquistion of rival Connective Group has raised red flags for the competition regulator, which says the tie-up would create Australia’s largest mortgage aggregator and could squeeze smaller players out.

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Chinese investors can offload property, recoup losses from failed investment scheme
Real Estate 2020-02-06 3:05 pm By Miklos Bolza

A Gold Coast development property procured through a settlement with a Sydney-based financial advisory firm facing two separate class actions can be sold to recoup losses by investors who sank over $14 million into a property investment scheme, a court has found.

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