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Austal hit with $700,000 penalty over $3.5B US Navy program disclosures
ASIC 2022-10-14 11:21 pm By Cat Fredenburgh

Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the market of a US$90 million writeback related to the company’s $3.5 billion US Navy warship program.

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Court sides with Deicorp in $90M suit over sale of properties in Sydney’s Castle Hill
Real Estate 2022-10-14 4:37 pm By Sam Matthews

Property developer Deicorp has secured a win in a lawsuit brought by a Hong Kong real estate billionaire after Deicorp reneged on a $45 million property deal, with a judge finding the purchaser failed to properly nominate its special purpose vehicle under the contract for sale.

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