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Regulation

Halom takes MMA to panel

Halom Investments has asked the Takeovers Panel to revise MMA Offshore’s planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

$30m in contracts awarded for port development

Contracts totaling $30 million have been awarded to Austral Construction and marine solutions business TAMS Group to replace ageing channel markers offshore and within the port of Port Hedland.

Former Perth stockbroker sentenced

Former stockbroker Lewis Fellowes has been sentenced to three years’ imprisonment after pleading guilty to three dishonesty charges, but has been spared prison time after entering into a $30,000, five-year good behaviour bond.

Sheffield’s Thunderbird gets EPA tick

The Environmental Protection Authority has recommended approval of Sheffield Resources’ Thunderbird mineral sands project in the Kimberley, subject to a number of strict conditions.

Puma plan in limbo

The group planning a 24-hour Puma Energy project in Dunsborough will lodge an application next week to strike out an appeal by the State Solicitor’s Office against the recent approval of the development.

Dunsborough Puma planning stoush persists

The two-year saga over a proposed 24-hour Puma fuel station in Dunsborough has taken a new turn, with the Southern Joint Development Assessment Panel lodging an appeal in the Supreme Court against the State Administrative Tribunal’s ruling in favour of the development.

Transport noise policy revamp

Striking a balance between transport corridors and urban development is the main objective of a revised planning policy that aims to mitigate road and rail noise for new residential projects.

MinRes, Galaxy trade blows over director

Perth companies Mineral Resources and Galaxy Resources have waded into an extraordinary dispute over their respective corporate governance standards, triggered by the role played by Chinese businesswoman Xi Xi.

More protection for company directors

Safe-harbour reforms that deliver greater protection for directors of financially stressed companies have passed through both houses of federal parliament.

Plastic bag ban gets green light

The state government has announced that lightweight, single-use shopping bags will be banned from July 1 next year, bringing Western Australia into line with most other states.

Forrest case sparks mining lease legitimacy fears

The state government is considering amendments to the Mining Act in the wake of the High Court’s recent ruling that kept sand mining off Andrew Forrest's family pastoral station in the Pilbara but cast into question the legitimacy of other granted mining leases since 2006.

CBA to defend allegations in court next year

AUSTRAC’s civil penalty proceedings against Commonwealth Bank of Australia won’t appear in the Federal Court until April next year.

ACCC backs merger of WA manufacturers

Two low-profile manufacturers that jointly employ more than 1,000 people in Western Australia are set to come under single ownership after the competition watchdog approved the purchase by US company Tronox of Cristal’s titanium dioxide business.

Forrest loses to Sage in court, wins in Yarri appeal

Andrew Forrest has successfully fended off a company that wanted to mine sand at his family’s pastoral property in the Pilbara, but has lost an appeal against a uranium explorer that plans to mine in the area.

Contract disputes add to costs at Fiona Stanley

The auditor general has found Serco’s provision of non-clinical services at Fiona Stanley Hospital to be acceptable, but has called for better cost control amid a $7 million outlay for contract disputes.

WA submits GST change proposal

The state government has made a formal submission to the Commonwealth Grants Commission seeking a fairer share of the GST distribution, following lack of progress in talks on the issue last week in Perth.

Gumala takes ex-CEO to court

Gumala Aboriginal Corporation is taking legal action against its former chief executive, Steve Mav, for allegedly breaching his duties while he was at the helm of the indigenous group.

Asic bans Perth financial adviser

The corporate watchdog has banned a Perth financial adviser from the industry for failing to act in the best interests of his clients while he was employed by a subsidiary of Westpac.

Asic clamps down on sophisticated investor loophole

The corporate watchdog has made an example out of Kwickie Investments – which is run by the founder of failed music streaming service Guvera – over the misuse of the ‘sophisticated investor’ status.

300-plus truckies lose their licence

More than 300 truck drivers in Western Australia have had their licences suspended after the state government alleged they failed to pass their driving test.

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