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ASIC reveals 3 KPMG probes, 500 audit complaints against Big Four
The Australian Securities and Investments Commission is reviewing 551 audit-related complaints against KPMG, PwC, Deloitte and EY as part of surveillance triggered by the recent whistleblower scandal.
‘All profit, no responsibility’: Diversa grilled over First Guardian
Diversa has been grilled by a parliamentary committee for its refusal to admit failures over the now defunct First Guardian fund, as ASIC reveals it has launched two additional investigations against the super fund trustee.
ASIC remains ‘concerned’ about private credit market
As residential developer Bathla struggles to secure more funds to stay afloat, the Australian Securities and Investments Commissionr told a senate committee hearing it had been concerned about the private credit market for the past 24 months.
Construction PRO
Qube wins $26M fight with Martinus Rail over Moorebank terminal
Logistics company Qube has prevailed in a fight to enforce $26 million in partial arbitration awards against Martinus Rail over Sydney's $4 billion Moorebank Intermodal Terminal.
DLA Piper snags Gadens litigator
DLA Piper has hired a Gadens litigator to join as a partner in the firm's Sydney office.
Construction PRO
Transgrid loses bailout bid over $3.6B EnergyConnect costs
The Australian Energy Regulator has rejected transmission company Transgrid's bid to bill customers an extra $1.2 billion in costs for its EnergyConnect project.
Construction PRO
Carroll & O’Dea hires team to expand property group
Carroll & O’Dea Lawyers has brought on a partner and his team from Herro Soliciors to expand its commercial property and leasing practices. 
ACCC says ‘gaping silence’ on how Meta will use AI in discovery
AI-enthusiast Meta has been silent on how the technology will be used in discovery in Australian Competition and Consumer Commission proceedings over scam cryptocurrency ads, a court has heard. 
Construction PRO
Charter Hall grows Qld industrial portfolio with $192.4M acquisitions
Charter Hall has picked up three industrial and logistics assets in South East Queensland, including an Australia Post distribution centre, for $192.4 million.
Westpac investigation ‘targeted’ RAMS franchisee, class action trial told
A class action has told the Federal Court that franchisees of defunct Westpac subsidiary RAMS felt targeted and discriminated against after being flagged for "suspected anomalies" during an investigation.