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Settlement OK’d in class action over Summerlin Parklands condo
A court has approved a settlement in a class action by owners against the developer of a Brisbane condominuim, which claimed off-the-plan contracts were wrongly terminated when neighbouring property values soared.
James Hardie faces shareholder class action probe over FY26 guidance
James Hardie may soon face a second shareholder class action — this one over alleged inadequate disclosures about troubles in its North American fiber cement unit in a market guidance for the 2026 financial year.
Woolworths next in line in ACCC’s ‘illusory discounts’ case
Trial begins Tuesday in the consumer regulator's case against Woolworths over alleged dodgy discounts, with the supermarket chain set to argue there was nothing phony about its 'Prices Dropped' campaign.
Glencore’s appeal fails in fight over Port of Newcastle access charges
Coal producer Glencore has lost the latest round in a long-running dispute with Port of Newcastle over access charges.
BSF, Cigno entitled to lower penalty after relying on Piper Alderman advice: judge
A judge has slapped payday lenders BSF, Cigno and their directors with a combined $7 million in penalties for engaging in unlicensed credit activity, finding a lower penalty was appropriate given they had relied on legal advice from Piper Alderman.
ACCC has ‘strong prima facie case’ against Mastercard, former chair says
Former ACCC chair Allan Fels says the competition regulator appears to have a strong misuse of market power case against Mastercard, but noted the credit card giant may raise arguments about two-sided markets in defending the claims.
IAG’s proposed $1.35B acquisition of RACWA faces further review, again
The ACCC will look deeper at IAG's proposed acquisition of the RACWA's insurance operations for the second time, saying there were concerns the transaction could substantially lessen competition.
Construction PRO
NZ regulator signs off on sale of Fletcher Building’s construction unit
Fletcher Building has won approval to sell its construction division to France-based VINCI Construction for NZ$315.6 million.
Mastercard execs to be grilled on response to RBA in competition trial
Mastercard executives who claim they had no anti-competitive purpose when pursuing agreements with retailers to favour its network are expected to face cross-examination about responses given to the Reserve Bank about its least cost routing initiative.
Firm that offended judge appeals ruling on scope of NT housing class action trial
The firm behind a class action over remote housing in the Northern Territory has appealed a decision rejecting its bid to undo orders on the scope of the initial trial, after the judge disregarded submissions by a class action solicitor that "affronted" her.