By Julian Bajkowski Australian councils burned by toxic investments in collateralised debt obligations (CDOs) from collapsed bank Lehman Bros. have escalated their legal action and will try and rope-in ratings…
Category: Law
Lehman settlement for duped councils edges closer
By Julian Bajkowski Councils in New South Wales and Western Australia burned by the collapse of merchant bank Lehman Brothers could recoup around 45 cents in the dollar after liquidators…
Plan to simplify local laws gets council approval
By Paul Hemsley A push by New South Wales Local Government Minister, Don Page, to rewrite inconsistent and ad-hoc legislation governing the operation of councils into simple and cohesive laws…
Legal headaches for NSW land values
By Julian Bajkowski and Paul Hemsley The government of New South Wales could soon be in the bizarre position of attempting to sue itself after the head of a parliamentary…
O’Farrell cracks down on nocturnal drunks
By Paul Hemsley and Julian Bajkowski When the tragic death of Thomas Kelly in Kings Cross from a so-called king-hit made headlines across Australia, it was the final straw for…
QLD councils hawkish on planning laws
By Paul Hemsley Local Government Association of Queensland (LGAQ) chief executive officer Greg Hallam has warned the state government that councils will be keeping a close eye on recent reforms…
NSW Councils win battle against Standard & Poors
By Julian Bajkowski A group of 12 New South Wales councils have scored a second vital win in the ongoing legal battle over how toxic financial instruments were deceptively marketed…
WALGA barks at state to pass dog laws
By Paul Hemsley Western Australian Local Government Association (WALGA) President Troy Pickard has demanded the state government needs to urgently to push through two key pieces of legislation affecting the…
Lehman Brothers, Grange liable for council sub-prime losses
By Julian Bajkowski Local governments, charities and and not for profit groups have finally won a phyrric victory over collapsed US investment bank Lehman Brothers, after the Federal Court ruled…
Backyard pool laws make a big splash
By Julian Bajkowski The New South Wales government has launched a spring offensive on accidental drownings and will introduce new laws that more strictly regulate safety compliance for an estimated…