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Aristocrat claims rival may have misused Lightning Link, Dragon Link trade secrets
Intellectual Property 2024-05-01 11:48 pm By Andy Sidler

Casino gaming giant Aristocrat may sue competitor Light & Wonder and two former employees who jumped ship for allegedly misusing confidential information about its popular Lightning Link and Dragon Link games to develop a competing product.

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Swinburne University to backpay casual workers $2.85M
Employment 2024-05-01 1:07 pm By Andy Sidler

Swinburne University has underpaid around 1,800 casual staff $2.85 million, the latest university to admit it failed to compensate workers fully.

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ASIC takes Magnis Energy, chair to court over battery plant disclosures
Securities 2024-04-30 3:59 pm By Andy Sidler

ASIC has brought proceedings against renewables company Magnis Energy Technologies and its executive chairman for allegedly misleading the market about the capabilities and funding for the company’s “flagship” battery production facility in New York. 

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Jemena loses round in trespass case by billboard company Manboom
Energy & Natural Resources 2024-04-30 2:10 pm By Andy Sidler

Jemena Gas has lost its bid for a court to determine a preliminary question in a case by billboard company Manboom that claims the presence of underground gas infrastructure at a site in Mascot, NSW that supplies gas to 1.6 million customers amounts to trespassing.

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Worker unfairly sacked for coming to work after night of heavy drinking: FWC
Employment 2024-04-29 11:01 pm By Andy Sidler

The Fair Work Commission has found a farm worker was unfairly terminated for coming to work after a big night out, during which he consumed up to 15 drinks.

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ASIC bans Centrepay credit lines at Urban Rampage stores
Financial Services 2024-04-29 11:24 pm By Andy Sidler

Concerned that First Nations customers are being targeted, the corporate regulator has ordered the owner of the Urban Rampage clothing chain to end Centrepay credit facilities.

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‘You have to do this now’: ASIC head urges businesses to prepare for climate reporting now
Policy and Regulation 2024-04-23 11:43 pm By Andy Sidler

The head of the Australian Securities and Investments Commission has urged businesses not to put off compliance with mandatory climate disclosures until after legislation has passed, saying while it was too early for the regulator to set out an enforcement plan, it wasn’t too early to be prepared.

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Jones Day beefs up financial markets practice in Australia
Corporate 2024-04-23 1:35 pm By Andy Sidler

Jones Day is growing its domestic financial markets team with the recruitment of a partner from Baker McKenzie and the transfer of a 17-year veteran from the firm’s London office.

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ASIC wins ‘extraordinary’ asset freeze against crypto firm NGS
Cryptocurrency 2024-04-22 11:47 pm By Andy Sidler

Australians who sank $21.2 million into crypto firm NGS Crypto, including their retirement savings, may have been misled about the safety of their investments, according to an investigation by the Australian Securities and Investments Commission.

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Eneco Refresh founder sentenced for market manipulation
Securities 2024-04-22 11:59 pm By Andy Sidler

The founder of ASX-listed bottled water company Eneco Refresh has been slapped with an 18-month suspended sentence after pleading guilty to market manipulation.

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