Federal Court finds ads of crypto asset Qoin misled customers

The nation’s consumer watchdog has secured a win in its crackdown on crypto after the Federal Court ruled today that Gold Coast-based BPS Financial made false, misleading or deceptive representations of crypto-asset Qoin to almost 80,000 customers. The action, launched by the Australian Securities and Investment Commission ...

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The Star passes critical hurdle for Queen's Wharf as HK partner cleared by Attorney General

The Star Entertainment Group (ASX: SGR) has passed a major hurdle towards running a casino within its joint venture development Queen's Wharf in Brisbane, after Queensland Attorney General Yvette D’Ath gave its Hong Kong partner Chow Tai Fook Enterprises (CTFE) the all-clear. CTFE and another Hong Kong-based group, Far Easte...

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Melbourne creative assets firm Envato acquired by Shutterstock for $372m

Melbourne-based creative assets firm Envato, founded by Australian rich listers Cyan and Collis Ta’eed, has announced it will be acquired by royalty-free image website Shutterstock (NYSE: SSTK) in an all-cash deal worth US$245 million ($372 million). Founded in 2006 by the husband-and-wife duo, Envato allows users to access creative asset...

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Gurner gets green light for $250m Port Douglas resort with underwater aquarium rooms

Prolific Melbourne-based developer Gurner has received a planning permit for its second project in Far North Queensland tourist town Port Douglas, where the company intends to build a complex including a 112-room resort and 44 luxury homes and town houses. Gurner, founded by entrepreneur Tim Gurner and led by former Latitude boss Ahme...

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Bonza fleet grounded until at least 8 May, most employees stood down

Administrators for Bonza have confirmed the budget airline's fleet will remain grounded at least until Wednesday next week as negotiations continue with AIP Capital, the asset management arm of the company's US financial backer 777 Partners. Dublin-based AIP is understood to have moved to repossess the airline's whimsicall...

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