Retail

ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.

Mirvac is selling the site of the Toombul Shopping Centre in Queensland, which was demolished following the 2022 floods, to local developer Irvine Property Group.

Mobil Oil has agreed to pay a $16 million penalty after admitting it ran false ads in far North Queensland claiming it was selling a specific brand of fuel with certain benefits, when in fact it was suppling ordinary fuel. 

Engineering firm Calibre can't get minutes of meetings involving Probuild and the owners of the Pacific Werribee shopping centre in Victoria to defend itself in $356 million defects suit.

The retail fund of real estate investor Charter Hall has put down $151 million for the purchase of four Bunnings Warehouse stores in Queensland and New South Wales.

The Fair Work Ombudsman is considering amending its underpayments case against Rebel Sport owner Super Retail Group, following a significant ruling in underpayments proceedings against Woolworths and Coles.

Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.

Jewellery retailer Lovisa has struck back at an underpayments class action, saying it does not have the burden of disproving the underpayments claims because the applicants have not proven each alleged unpaid overtime hour was actually worked.

Bakers Delight has lost its appeal of a decision that found it was subject to a statutory reverse onus to disprove record-keeping claims in underpayments proceedings against a franchisee.

Formalwear brand Portia & Scarlett, which has accused one of its founders of accessing confidential dress designs contained in two computer files, has asked a court for access to her personal devices.