Mercer Super, one of Australia’s largest super funds with about $80 billion in assets and more than one million members, has been ordered by the Federal Court to pay $10.3 million in penalties for systemic failures to report investigations into serious member service issues to ASIC.
Atlas Arteria (ASX:ALX) has lodged a sixth supplementary target’s statement with ASIC and ASX, reiterating its independent directors’ unanimous recommendation that securityholders reject IFM Global Infrastructure Fund’s off‑market cash offer for Atlas Arteria stapled securities.
Former company director Trent Bowden has pleaded guilty in the Perth Magistrates Court to three charges of dishonestly using his position as director of Trent Bowden Trading Pty Ltd to gain an advantage for himself, in connection with more than $1.5 million of investor funds.
CSL Limited (ASX:CSL) has reported that the European Medicines Agency’s CHMP has issued an opinion recommending the revocation of the EU marketing authorisation for TAVNEOS (avacopan), an in‑licensed therapy sold in EU and EEA markets by CSL Vifor affiliates.
Neuren Pharmaceuticals (ASX:NEU) says the European Medicines Agency’s CHMP has adopted a positive opinion, after re‑examination, recommending the European Commission grant marketing authorisation for DAYBU (trofinetide) to treat neurobehavioral symptoms of Rett syndrome in adults and children aged five and over.
Strategic Energy Resources (ASX:SER) has received firm commitments to raise A$1.5 million before costs through a A$1.25 million share placement and an expected fully underwritten A$0.25 million share purchase plan at A$0.12 per share to fund drilling and exploration at its Diamantina Copper‑Gold Project in Queensland.
The Albanese Government plans to strengthen Australia’s social media minimum age law by giving the eSafety Commissioner broader information‑gathering powers and doubling the maximum penalty for systematic breaches from $49.5 million to $99 million.
Energy Transition Minerals (ASX:ETM) says the Greenlandic Government has declined an application by its subsidiary Greenland Minerals A/S to extend exploration licence 2010/02, which covers the Kvanefjeld rare earth project in southern Greenland, and the company is now reviewing the decision with legal advisers.
Australian central bank Assistant Governor Chris Kent said the institution will be better prepared to respond to the next crisis it faces following a review of alternative monetary policy tools. In a speech in Sydney, Kent, who oversees financial markets at the Reserve Bank, said the cash rate target remains the primary and preferred instrument, but additional tools can play an important role during extraordinary times and provide some extra support.
The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce. Bloomberg's Wendy Benjaminson breaks down the latest developments.
Ramelius Resources (ASX:RMS) has entered a binding agreement to sell its Edna May Gold Hub, including the ~2.9Mtpa processing plant and regional satellite tenements, to Forrestania Resources (ASX:FRS) for total consideration of $300 million in cash and shares.
Hawk Resources (ASX:HWK) has reported new lab assays from hole DD26CT004 at its Cactus copper‑gold project in Utah, intersecting 72.9m at 0.36% copper and 2.0ppm silver from 18m below surface and confirming more near surface copper, silver and molybdenum in the Cactus Corridor.
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