AMP has been ordered to pay a $5.2 million penalty after the Federal Court found the bank had failed to take reasonable steps to ensure its financial planners complied with the best interests duty.
Biotech company Zelira Therapeutics has received commitments to raise around $4.6 million from a share placement, while rent.com.au is planning an underwritten $2.9 million rights issue.
Perth-based engineering group Clough has secured a design and construction contract with ASX-listed Australian Bauxite for an aluminium fluoride production plant in NSW.
Deputy Prime Minister Michael McCormack has repelled a leadership challenge from Barnaby Joyce, emerging victorious in a party room ballot this morning, while Adam Bandt has been elected unopposed as Greens leader following the resignation of Richard Di Natale.
Our board moves wrap includes Robin Longley, Michelle Li, David Brown, Brenda Berlin, Tim Allison, Evan Cross, Andrew Steers, Michael Hendriks, Wayne Bramwell, and Patrick Corr.
Primero Group has increased its order book to $195 million for the 2020 financial year after securing $100 million worth of engineering and construction contracts with Rio Tinto and Fortescue Metals Group.
Minister for Resources and Northern Australia Matt Canavan has quit cabinet today and thrown his support behind former deputy prime minister Barnaby Joyce, who has announced plans to seek leadership of the National Party tomorrow. It follows the resignation of deputy Nationals leader Bridget McKenzie yesterday and Greens leader Richard Di Natale today.
Seven regional roads in Western Australia, including Great Eastern Highway and Indian Ocean Drive, will receive $17.5 million worth of upgrades this financial year in efforts to improve safety and prevent run-off crashes.
Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.
Construction has commenced on the Bushfire Centre of Excellence based at Nambeelup near Mandurah, with Perkins Builders contracted to deliver the site's $18 million build.
United Way WA, Barking Gecko Theatre and Co3 Australia are among the beneficiaries of $2.1 million of donations from Healthway and Lotterywest to aid companies in executing public health and wellbeing programs.
Curtin University has received a $580,000 federal grant to undertake research and development of new methods for storing, producing and exporting green hydrogen.
Our board moves wrap includes Allan Cripps, Darryl Edwards, Trevor Eton, Jason Brewer, Frank Knezovic, Stefan White, Cameron Williams, Bernard Aylward, and Sheena Eckhof.
The number of people working full time in Western Australia fell over December, but the state's jobless rate improved by 0.3 percentage points to 5.4 per cent, according to latest employment figures.
The state government today announced the investment of $2.7 million to secure a Caterpillar autonomous training facility in Collie, the first such facility in the Southern Hemisphere.
Westpac has named "battle-hardened" banking veteran John McFarlane as its next chairman to help it recover from the fallout of a massive money laundering and child exploitation scandal.
