Queensland

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.

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. 

With the countdown underway for the 2032 Brisbane Olympics, two architectural firms have been awarded contracts to design centrepiece stadiums for the Games.

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.

Two groups will compete to build an arena to replace Brisbane's Gabba stadium ahead of the 2032 Olympics, after beating out six other groups.

A judge has refused to adjourn an appeal over a development application for a new lifestyle precinct in east Brisbane in light of a criminal case over the alleged unlawful use of the same land, opting instead for “careful” case management.