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Construction PRO
ASIC wins winding up orders against property developer ALAMMC
ASIC has secured winding up orders against Gold Coas- based ALAMMC Developments and a number of related companies amid concerns the property developer mismanaged millions of investors funds.
KWM’s head of competition named new ACCC commissioner
After departing the ACCC 25 years ago for private practice, the national head of King & Wood Mallesons' competition law group has won a five-year appointment as commissioner.
Samsung Bioepis shoots down Janssen patent for ulcerative colitis biologic
Samsung Bioepis has successfully opposed Janssen's bid to patent a monoclonal antibody to treat ulcerative colitis, but an IP Australia delegate has given the J&J-owned company a chance to fix its application.
Elders’ $475M bid for Delta Agribusiness wins OK with store sell-off
The ACCC will not stand in the way of Elders’ $475 million takeover of rival farm supplier Delta Agribusiness, after the agribusiness giant provided an undertaking to divest six Delta stores in Western Australia.
ACCC not ready to let Yamaha acquisition of Telwater sail through
The competition regulator has expressed worries that Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater could substantially lessen competition in the wholesale supply of outboard motors.
Rent-to-own company appeals $7.4M penalty for Credit Act breaches
A rental company providing long-term leases for household items has appealed a ruling slapping it with a $7.4 million penalty for loan agreements that did not comply with credit laws. 
Australian Clinical Labs hit with $5.8M penalty over data breach
In the first-ever civil penalty proceedings for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has been ordered to pay $5.8 million over a 2022 data breach that compromised the sensitive personal information of 223,000 customers of its Medlab business.
ATO officer lied, tampered with evidence, judge says in staying fraud case
A judge has ordered federal prosecutors to drop a criminal tax fraud case against a medical researcher, finding an ATO officer lied and tampered with evidence during the probe.
ASIC approves Cboe’s application to compete with ASX for IPOs
The Australian Securities and Investments Commission has approved Cboe’s application to list companies on its platform, in direct competition with market operators, including the Australian Securities Exchange.
Man sentenced for insider trading ahead of $20M Cann Group share placement
A Victorian man has pleaded guilty and been sentenced for trading on insider information ahead of the public announcement of a $20 million share placement for medical cannabis company Cann Group.