Shares in Perth-based Australian Finance Group and in ASX-listed Mortgage Choice plunged today on concerns the mortgage broking sector will be one of the biggest losers from the banking royal commission, which recommended the banning of commissions paid by lenders to brokers.
There are doubts Chinese government-owned telecommunications giant Huawei will be able to deliver a $136 million contract for Perth’s rail network, after the United States brought criminal charges against the company.
US federal agents have conducted a search at Austal’s offices in Mobile, Alabama, in relation to an inquiry by the Australian Securities and Investments Commission into announcements the shipbuilder made in late-2015 and mid-2016.
The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.
Western Australia’s revamped strata regulations have made it easier for property owners to sell together and realise a higher premium than if they sold individually, particularly in strategic locations.
Medicinal cannabis company Creso Pharma has announced it will expand into Sri Lanka, after it signed a binding letter of intent with Ceyoka Health, one of Sri Lanka’s largest pharmaceutical distribution companies.
Wesfarmers-owned Kleenheat Gas has paid $25,200 in penalties, after the Australian Competition and Consumer Commission issued two infringement notices for alleged false and misleading discount gas campaign.
Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.
Perth-based commercial cleaning company Delron Cleaning has agreed to ongoing scrutiny of its workplace arrangements by the Fair Work Ombudsman after it was found to have underpaid staff more than $447,000.
The environmental watchdog has recommended approval of a second waste-to-energy plant in southern Perth, just days after a Macquarie Capital consortium announced it would start construction this month on a similar facility.