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Westpac risk manager claims bank painted her a ‘troublemaker’
Employment 2024-09-06 3:13 pm By Andy Sidler

Westpac’s head of audit and risk has taken her employer to court, claiming the bank shut down her compliance concerns about its shuttered mortgage broking subsidiary RAMS and stigmatised her as a “troublemaker” after she made repeated inquiries into the matter.

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CFMEU secretary Michael O’Connor taken to court by APRA
Superannuation 2024-09-06 11:45 pm By Andy Sidler

The prudential regulator has filed court action against First Super co-chair and CFMEU manufacturing division boss Michael O’Connor, alleging he breached his director’s duties under superannuation laws when he hired a union official to work for the fund.

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Breakdown in friendship between ANZ, Barclays bankers unfortunate, not unfair: court
Real Estate 2024-09-05 11:23 pm By Andy Sidler

A breakdown in the relationship of two high-flying friends — former senior ANZ executive David Carr and Barclays top banker Ivan Ritossa — was not a reason to order the winding up of the pair’s property investment trust, a court has found.

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In win for ASIC, court finds rent-to-own leases were credit agreements
Competition & Consumer Protection 2024-09-04 11:16 pm By Andy Sidler

A court has held that a “nuanced” business model used by a rental company providing long-term leases to often vulnerable consumer for household items breached the Credit Act, finding the loan agreements were in substance credit contracts. Federal Court Justice Lisa Hespe found on Wednesday that Rent4Keeps attempted to avoid being caught by the Credit…

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Michael Hill wins appeal in $2.3M spat with packaging supplier
Bronte Lambourne 2024-09-04 11:22 pm By Andy Sidler

Michael Hill has won its challenge to a decision that found the jewellery retailer breached an exclusivity clause and minimum order requirements in a sales agreement with a packaging supplier. 

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Sleeping Duck shareholder rejected $4M settlement in failed oppression suit
Securities 2024-09-04 11:32 pm By Andy Sidler

A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.

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Pakistan to oppose India’s latest bid for ‘Basmati’ trade mark
Intellectual Property 2024-09-03 11:42 pm By Andy Sidler

The Pakistani government’s opposition to India’s attempt to register a composite ‘Basmati’ trade mark will go on despite filing delays, with a delegate finding it was in the public interest to allow the opposition.

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IP network startup wins injunction against employee who joined rival
Employment 2024-09-03 4:23 pm By Andy Sidler

A former employee of internet service provider Broadband Solutions has been slapped with an injunction restraining his use of company materials and engagement with competitors, with a judge finding it is likely he breached confidentiality clauses.

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Austin Engineering to expand case against rival in spat over employee who jumped ship
Intellectual Property 2024-09-02 11:35 pm By Andy Sidler

A judge has found ASX-traded mining equipment manufacturer Austin Engineering can use documents disclosed in its case against rival Schlam over a former employee’s alleged leak of confidential business information to expand its claims.

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World Touring Melbourne wins $2.8M over concert cancelled during COVID pandemic
Competition & Consumer Protection 2024-08-30 11:01 pm By Andy Sidler

The Australian Grand Prix Corporation will pay $2.84 million in damages for losses incurred by concert organisers for the cancellation of the 2020 Melbourne Formula One cup and a related Robbie Williams concert during the COVID-19 pandemic.

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