Queensland

Despite its loss in a class action against Queensland power companies, which has put it on the hook for $32 million in costs, funder LCM has avoided calls for cash security in a representative proceeding over toll road charges.

A former Queensland minister allegedly threatened to trash a $1.6 billion contract for the Toowoomba Second Range Crossing unless a consortium led by Acciona continued to work with the CFMEU, an inquiry into the union has heard. 

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.

A settlement has been approved in a class action against a unit of Dennis Corporation, which was accused of wrongly terminating off-the-plan contracts when local property values jumped.

Cairns Airport has failed to convince a judge to split off the hearing of a counterclaim and set-off defence in its unpaid licence fee case against Ampol and Viva Energy. 

Queensland developer York Property has lost its appeal of a ruling that held an adjudicator erred in finding $4.7 million in costs over alleged façade defects should be deducted from amounts owed in a payments spat with a builder Tomkins. 

Vietnamese airline VietJet has lost its bid to set aside a US$215 million judgment in favour of aircraft leasing company FW Aviation, in a dispute over a lease agreement for four Airbus A321 passenger jets.

Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.

A tribunal has dealt a blow to ASX-listed residential park owner Ingenia, ordering it to repay 50 per cent of the rent charged to residents at a Queensland park whose rent was raised by more than 26 per cent following a market review. 

A judge has fined Queensland mining equipment company Qteq $5 million and chair Simon Ashton a record $1 million for attempting to engage in cartel conduct.