The co-owners of the Pacific Werribee shopping centre in Victoria have lost their bid to join collapsed builder Probuild’s primary insurer AIG to their case over $356 million in alleged defects.
VCAT has upheld a local council’s refusal of a plan to build a three-storey luxury apartment building at a vacant lot in East Melbourne, saying it would “visually dominate” a neighbouring heritage-listed home.
A funder that has allegedly refused to provide further funding in a class action over the compulsory acquisition of land for the WestConnex road project is also fighting the plaintiff’s bid to discontinue the case, with a judge calling the funder’s opposition “very problematic”.
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were “very significant”.
A judge on Tuesday penalised Google $55 million for anti-competitive deals requiring Telstra and Optus to pre-install its search engine on Android devices, but has questioned why action wasn’t taken against the telcos.
Sydney Trains has reached an in-principle agreement to settle a class action by operations staff alleging a “systemic pattern” of underpayments and overwork.
Former PriceWaterhouseCoopers chief executive Tom Seymour has been fined $15,000 and suspended as a chartered accountant, shortly after he was banned from acting as a tax agent over the firm’s tax leaks scandal.
Lendlease has lost its appeal of a ruling that shot down its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown against a company controlled by the Macarthur-Onslow family.
An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.
Canberra developer Geocon has won a Full Court appeal over the GST payable on $115 million in sales from a 360-unit development, with the case sent back to a tribunal for final determination.