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Fonterra faces underpayments class action investigation
Fonterra may face a class action for allegedly underpaying lab technicians since 2018, as the dairy co-op seeks to offload its Australian food unit.
‘No excuse’: ASIC slams poor practices by managed investment funds holding $1T
The corporate cop has found "widespread" compliance plan failures in the managed investment fund industry, and says it is investigating some fund managers for potential breaches.
IAG denies claims in loyalty discounts class action
Insurance Australia Limited and Insurance Manufacturers of Australia have denied a class action's claims that they misled insurance customers about loyalty discounts by calculating their premiums using an algorithm designed to maximise renewals. 
‘All or nothing gamble’: Law firm slams Aussie Home Loans declassing bid
Mortgage broker Lendi Group and insurer ALI Group want a proceeding on behalf of tens of thousands of Aussie Home Loans customers to be stripped of class action status.
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Soul Patts, Brickworks sign $14B merger pact
Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.
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Quasar Constructions director sold $24M in properties before company’s collapse, court told
A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders. 
John Pesutto hit with bankruptcy notice over $2.3M defamation costs
Former Victorian Liberal Party leader John Pesutto has been hit with a bankruptcy notice after failing to pay $2.3 million in costs in MP Moira Deeming’s defamation suit over statements implying she had links to neo-Nazis. 
Penalty in ASIC case against TerraCom to wait until directors’ hearing
Penalty proceedings in ASIC's case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial. 
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Late artist’s ‘animus’ toward Cranbrook won’t bar school’s offer on $33M home
A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed "animus" towards the prestigious private school, a judge has said.
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Healthscope landlords agree to rent relief, as other operators express interest
Asset manager HMC Capital, which owns 11 private hospitals operated by embattled Healthscope, has reached a rent deferral deal with receivers and says other operators have expressed interest in taking up tenancy.