Former CTM chair takes $1.15m hit to wallet
The chairman of Brisbane-based firm Novonix has just been forced to dump 70 per cent of his stock in the battery group as part of a divorce settlement.
City Beat
Top chef’s super battle hit by struggling company
A pastry chef who worked for one of Brisbane’s most prominent restaurateurs has just learned she never received her superannuation payments a year before the company was liquidated.
In pictures: Vinnies CEO Sleepout
Hundreds of CEOs have gathered in front of the Brisbane Powerhouse to rough it for a night for the Vinnies CEO Sleepout, an annual event to help change the lives of Australians in need.
Blue Sky given second chance
Blue Sky creditors have voted to give the Brisbane fund manager a second chance but shareholders of the one-time market darling are unlikely to see a cent.
Brisbane inventor’s medical micro screw nailing it in Europe
A medical device invented by a Brisbane doctor to treat fractures has been launched at a big medical conference in Europe after earlier gaining US regulatory approval.
What did he allegedly do?
Details about the suspension of Queensland’s public trustee remain cloaked in secrecy but a City Beat source says it allegedly revolves around some kind of “workplace incident”.
Failed tech guru rises from $2.3m collapse ashes
The co-founder of a failed tech start-up is back in business less than three months after his last venture crashed owing millions of dollars to creditors, including the Brisbane Lions.
Finance questions amid job cut rumours at Youfoodz
City Beat spies report that there have been a series of lay-offs over the past week at Brisbane-based meal delivery company Youfoodz, which is now facing a far more crowded playing field than when it launched in 2012.
Brisbane airline director under scrutiny
A Brisbane-based airline which pockets about $10 million a year from the Australian Government is facing scrutiny over its chairman’s role in a staff training company.
A week to recognise giving spirit
Generosity of spirit will be recognised this week with the Queensland Community Foundation rolling out the annual philanthropy awards.
Drama engulfs Brisbane-based airline
The problems inside Nauru Airlines, which oddly enough is headquartered in Brisbane, are a major source of concern
‘Inbreds’ post, staff exodus: Shine Lawyers in turmoil
City Beat spies tell us that there has been a substantial exodus of top legal talent and staffers recently from a big Brisbane law firm’s subsidiary. And one senior figure has landed in hot water over an ‘inbreds’ Facebook rant.
Al Gore gets a lesson in Origin
Global warming activist Al Gore kept up his schmooze-fest with senior State Government identities at the State of Origin.
Clues that led to high-flyer’s $4m fraud charges
Fresh detail has emerged about what may have led to high-flying former Octaviar chief financial officer David Mark Anderson being charged with $4.61m fraud with a liquidator’s report shedding light on the case.
Bold overwater plan for Eagle St Pier
The owner of Brisbane’s Eagle Street Pier has come up with another controversial idea after the Brisbane City Council vetoed part of its original redevelopment plans.
Screws tighten on Bestjet couple
The liquidators of Bestjet hope to get some answers when they subject the couple behind the collapsed online travel booking group to a public examination in Federal Court in late July.
Turmoil at bayside sporting club
Turmoil has struck one of Brisbane’s leading bayside sporting clubs with four of its six board members resigning as well as an exodus of senior staff.
Former Brisbane executive faces charges over $1b collapse
A former Brisbane businessman who was once chief operating officer of one of Australia’s worst post-GFC disasters – a company that collapsed owing nearly $1 billion – is fighting conspiracy to falsify accounts charges brought by ASIC in a Sydney trial.
Suncorp boss chills at NSW estate
Suncorp’s departing boss won’t be hanging around Queensland it seems. It’s understood he’s spending time at a 40ha NSW estate that some have nicknamed “Mar A Lago”.
Builder rebounds after ban lifted
After what must have been a nerve-wracking weekend, De Luca Corporation has its building licence back, but not everyone is happy with the Brisbane-based company.
Ex-tax agent in $1.2 million payout
A disgraced former tax agent in Brisbane has been ordered to cough up more than $1.2 million to a woman whose husband passed away 11 years ago.
Fresh fears of a looming IT bungle
Is the Queensland Government about to preside over another costly IT bungle? That’s the fear of some parties as they keep tabs on the process to pick a new court reporting contractor.
House Call Doctor director says business profitable
The ATO has launched legal action against House Call Doctor but the former BRW Young Rich Lister behind the company maintains his business is profitable and will continue.
Mercado owner financially bailed out by mum last year
The young Vietnamese entrepreneur who just presided over the collapse of Brisbane’s ritzy Mercado shopping and dining hall this month has previously been financially bailed out by his mother.
Fate of three more Brisbane venues in doubt
The owner of an inner-Brisbane bar says he’s only “taking a break’’ from trading for a week or so while he considers one or more offers to buy out his hospitality group.
Directors out door at prestigious golf club
There’s trouble in the sand bunkers of a prestigious 95-year-old Queensland golf club with the resignation of several directors in a kerfuffle over a senior manager.
Mystery probe brings US legal eagles to town
Lawyers from the US Securities and Exchange Commission have been spotted in Brisbane, reportedly as part of a probe into an Australian company.
Is this Brisbane’s fittest boss?
As he closes in on his half century, Icon Group chairman Stuart Giles is set to join the global elite of marathon runners when he heads to Tokyo this week.
Locals take developer to court over $3.5b plan
A big bun fight is brewing west of Brisbane as angry locals take legal steps to reverse the approval of a $3.5 billion solar farm to be built by a company owned by a Hong Kong-based entity.
Big plans for old Bunnings site at Albion
A Brisbane car retailer has big plans to re-purpose the old Bunnings site at Albion which it recently purchased for $14 million from a well-known local publican.
Bennett buys stake in Brisbane Markets
WAYNE Bennett may be firmly ensconced at the South Sydney Rabbitohs but we hear the super coach retains one previously unreported financial tie to Queensland.
Even Hutchies finds conditions tough
THINGS are pretty tough in the construction game at the moment even for the big boys such as Hutchinson Builders, Australia’s largest privately-owned building company.
Collapse shows not just farmers who need help
The collapse of a well-known 52-year-old Brisbane business last year, with the loss of 40 jobs, shows that there’s another pillar of our economy that needs a helping hand.
New rules give building regulator more teeth
In new rules set to kick of on April 1, Queensland’s Building and Construction Commission will be able to check the bottom line of companies and make sure they can cough up money to pay subbies.
Developer takes on Chinese legal system
A BRISBANE developer’s attempts to recover about $40 million from China Railway Construction Group’s failed local building venture, CRCG-Rimfire, faces serious hurdles.
“Sir” Bob plans busy year at Brisbane Convention Centre
BRISBANE Convention and Exhibition Centre boss Bob O’Keeffe has been walking a bit straighter these days after his inclusion in the Australia Day honours list.
Website joins Tatts gender battle as 3000 hacks exposed
The president of Brisbane’s elite Tattersalls Club has launched a broadside against a shadowy website which is campaigning against opening the institution up to women, with some members saying their details have been handed out without their consent.
Harvey Lister to spruik Brisbane Live in US
BRISBANE entertainment king Harvey Lister, in the US to attend the 61st Grammy Awards this weekend, will also get the chance to promote the proposed $2 billion Brisbane Live stadium.
Travellers stranded as Brisbane agency collapses
A Brisbane-based travel agency has gone bust, leaving travellers stranded and owing them an estimated $600,000. It follows the collapse of another travel agency – BestJet – late last year.
Heritage’s claws out for big banks
GOOD to see Toowoomba-based Heritage Bank has wasted no time sinking the boot into the big banks following the release of the Royal Commission into disgraceful behaviour.
Big boys take bite of little Brisbane airline
It started in the months after 9/11 with a fleet of Fokkers and a focus on reliability. Now this little Brisbane airline is attracting some serious attention from aviation big boys, including the Flying Kangaroo.
Bouris hits the road with new side hustle
WIZARD Financial founder Mark Bouris is what ladies of a certain age would call a handsome devil, but the 63-year-old is not only relying on his good looks.
Time to turn the rivers back?
With the north in flood and drought down south, is it time to dust off a 80-year-old scheme to turn back the rivers? Former premier Peter Beattie thinks it is.
We don’t have to follow the rules
TATTERSALL’S Club has no obligation to precisely follow its own rules when members cast votes.
Building giant’s hard lesson over $430K loan
They say no good deed ever goes unpunished and Hutchinson Builders has learned that lesson the hard way – via court.
Flight risk fears for Craig Gore
A disgraced Queensland businessman, facing serious fraud charges, has tweeted a happy snap from Sweden after the corporate regulator failed in its bid to stop him leaving Australia.
Fallout from Bestjet collapse continues
The Queensland business year has kicked off with ongoing turbulence from the collapse of online travel group Bestjet and a pending court case for one of Brisbane’s most exclusive clubs. Here’s what else 2019 has in store.
No contest for biggest loser in business
Many of the biggest winners in Queensland business in 2018 were hospitality entrepreneurs who have helped Brisbane reach new heights. But there was really no competition for the biggest loser in business this year.
Bestjet bust’s intriguing link to $100m airline collapse
THERE’S an intriguing link between the Brisbane online travel booking outfit which crashed this week and one of Australia’s worst airline collapses. At the centre is a woman named Rachel James.
Secret bar to open in iconic CBD laneway
The oldest laneway in Brisbane is about get a bit of TLC from one of the city’s more astute bar operators as he makes plans to open his fourth venue. But don’t expect it to be easy to find.
Original URL: https://www.couriermail.com.au/business/citybeat/page/26