Brisbane-based Property Solutions Holdings and associated companies are being liquidated as another high-profile property player is laid low. Property Solutions, which was behind a number of landmark developments in south-east Queensland including The Barracks at Petrie Terrace, and Centro on James Street, Fortitude Valley, entered voluntary liquidation on May 4. The liquidation of the…
CLARIFICATION Two articles published in the AFR in August 2014 may have been taken by some readers as suggesting that Paul Darrouzet had made substantial donations to the LNP in return for the Newman Government giving favourable treatment to his business interests at Airlie Beach. Such a meaning was never intended, and should any readers…
BHP’s Brazilian assets frozen A Brazilian judge has frozen the Brazilian assets of BHP Billiton and Vale SA after finding that their joint venture Samarco would not be able to pay for the damage caused by the mudslide disaster last month. Last Friday the judge ruled that the mining giants could be held responsible for…
Annual General Meetings could fall victim to digital disruption The Australian Institute of Company Directors says the concept of an annual general meeting is dysfunctional and unnecessary in the modern world. A survey of 5,000 company directors found that a third believe that the idea of an annual general meeting is outdated and needs to…
Productivity Commission expected to call for penalty rates overhaul The commission was expected to make the call in their final report on workplace relations that was due on Monday. The final report from the commission is expected to recommend changes to Sunday penalty rates to bring some industries in line with time-and-a-half paid on Saturdays,…
BHP share price hits 10 year low The BHP share price has continued to drop after recently hitting lows not seen since the Global Financial Crisis. Shares reached GFC level in September this year, there was a brief recovery in early October but the price has continued to slide since then. BHP Billiton is currently…