Former National Australia Bank branch manager Mathew Alwan has been permanently banned from the financial services industry for his involvement in a home loan fraud ring in greater western Sydney.
Housing giant Metricon will pay $50,400 in penalties after being hit with four infringement notices for misleading advertising aimed at first home buyers.
Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder’s derivative lawsuit against company directors and Macquarie Bank over the sale of 25 percent of the business to the bank.
After signalling last month they were close to resolving their trade mark dispute, real estate companies RE/MAX and Resimax have been been given one last chance — and one more week — to settle.
Australian luxury watch retailer Watches of Switzerland has lost a bid to strike out Transport for NSW’s defences in a case seeking damages for the ongoing construction of the light rail project in Sydney’s CBD.
A judge has set aside an application to block the $48 million sale of a Surfers Paradise building and car park after finding the community organisation that launched the proceedings lacked standing.
Crown Resorts is taking the NSW government to court over development at central Barangaroo that threatens to block its views of Sydney Harbour Bridge and the Opera House.
Fairfax Media has been fined and hit with a contempt of court order for reneging on its promise to refrain from advertising its Domain business as “the #1 property app in Australia” while a consumer protection case brought against it by realestate.com.au owner REA Group was ongoing.
Online property portal REA Group has successfully opposed registration of a trademark for the domain name realestateasia.com.au, with the Trade Marks Office saying the challenged mark was adopted to exploit the commercial success of the popular real estate site.
The Australian Competition and Consumer Commission has asked the Federal Court to hit We Buy Houses and its owner Richard ‘Rick’ Otton with $20 million in penalties for duping aspiring property investors with claims that they would learn how to buy a home for $1.