Search

Regulation

Moly Mines delisted with $63m in the bank

Nearly 4,000 shareholders in West Perth company Moly Mines have effectively become stranded in the $63 million cashbox after a stand-off between its board and the ASX ended in a delisting of its stock.

More than single lead source at PCH: Gow

UPDATED: Building commissioner Peter Gow has issued a clarifying statement today (Tuesday), essentially confirming the state government's view that lead leaching directly from brass fittings remains the only significant source of lead at Perth Children’s Hospital.

Veem manager resigns amid court action

The recently recruited global sales manager of Perth engineering company VEEM has been forced to resign after his former employer took Supreme Court action, claiming he breached terms of his employment agreement.

Gow questions builder's financial status

The building commissioner has put out a public warning against a local building company, saying its financial status warrants questioning.

UWA spin-out wins appeal

The University of Western Australia could be forced to pay nearly $5 million to Bibra Lake business TSW Analytical after the Court of Appeal found its relationship with the spin-out company was largely undocumented and opaque.

Court rejects power station claim

The Japanese owners of the Bluewaters Power Station near Collie face the prospect of substantial payments to the energy market operator, after an incident that has put one of its generating units out of service for up to six months.

Indiana survives leadership spill

A day after the Takeovers Panel put restrictions on the voting power of a group of shareholders in Indiana Resources, the same group has withdrawn plans to seek a board restructure vote at an upcoming general meeting.

Takeovers Panel handling Indiana, Molopo disputes

The Takeovers Panel is at the centre of two disputes, with Indiana Resources having a partial win today while a Melbourne company with Perth-based shareholders fights a board spill of its own.

Fortescue fined for water spill

Iron ore miner Fortescue Metals Group has paid a $25,000 fine to the Department of Environment Regulation over a discharge accident in 2015.

Former AWB chair Flugge fined $50,000

Former Australian Wheat Board chairman Trevor Flugge has been fined $50,000 and barred from managing corporations for five years, after he was convicted in December of breaching his duties as a director while the company was making questionable payments to the government of Iraq.

Indiana fights takeover play

Bronwyn Barnes has been appointed the new chair of West Perth-based Indiana Resources, on the same day the company went to the Takeovers Panel to fight attempts by a group of shareholders to oust existing directors.

Steven Noske guilty of insider trading

Perth business executive Steven Noske faces the possibility of a gaol term after being found guilty and convicted on one count of insider trading in takeover target Westside Corporation.

Audit finds minor non-compliance at Roe 8

An environmental audit on the cancelled Roe 8 highway extension project has found just one minor area of non-compliance in the implementation of management plans by the project’s proponents.

Directors to get safe harbour during insolvency

The federal government has introduced draft insolvency reforms designed to offer more protection for company directors and make it easier to restructure faltering businesses.

Quintis stands firm on ASX queries

Quintis temporarily put the brakes on its falling share price by entering into a trading halt this morning, as it compiled a lengthy response to queries raised by the ASX.

Court rejects Mesa shareholder claims

A major shareholder in failed manganese company Mesa Minerals has lost its bid to have administrators replaced after the Supreme Court ruled there was no evidence of bias between Pitcher Partners and Mesa’s largest stakeholder, Mineral Resources.

KPMG called into Macro as liquidators

The corporate regulator has asked the Federal Court to appoint representatives of KPMG as liquidators of several subsidiaries of Pilbara-based property developer Macro Group.

ACCC concerned about South32 coal assets deal

The competition watchdog has raised concerns over South32’s proposed $US200 million acquisition of Peabody Energy Corporation’s Metropolitan Colliery in NSW, on the grounds that it may lessen competition in the region.

Worner cleared as ASA calls for better communication

The Australian Shareholders’ Association has called for companies to do a better job of communicating with their shareholders, following the resignation of a Seven West Media director on the eve of today's report on misconduct allegations against chief executive Tim Worner.

Builton failure a costly housing hit

The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.

Diploma unable to start new jobs

The Building Commission's Building Services Board has imposed conditions on two Diploma Group subsidiaries, limiting their ability to carry out work, after the parent company fell into the hands of administrators just before Christmas.

Pages