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ASIC a ‘toothless tiger’ that should be broken up, report recommends
ASIC 2024-07-03 11:07 pm By Cat Fredenburgh

A Senate committee has release a damning report blasting the Australian Securities and Investments Commission as a failed regulator that should be broken up.

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In Wollemi appeal, Tesla CEO Robyn Denholm must prove it’s not just personal
Intellectual Property 2024-07-02 11:27 pm By Cat Fredenburgh

Tesla CEO Robyn Denholm has lodged an appeal that must convince the Federal Court that her family office’s use of the ‘Wollemi’ trade mark was not just private and personal, but use in trade or commerce that benefitted third parties, not just the family.

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Nine to pay $3M to settle class action over Palm Island coverage
Class Actions 2024-07-01 11:59 pm By Cat Fredenburgh

Nine will pay $3 million to settle a class action over its coverage of litigation related to the 2004 Palm Island riots, it has been revealed, after the class action failed to suppress the settlement sum.

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Ferratum hit with $16M penalty for overcharging vulnerable customers during pandemic
Competition & Consumer Protection 2024-06-28 10:09 pm By Cat Fredenburgh

Defunct microloan company Ferratum has been hit with $16 million in penalties for overcharging low-income consumers during the height of the COVID-19 pandemic, with a judge noting the company’s conduct affected a large number of vulnerable customers.

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Ord Minnett challenges ruling on wealth advisor’s wage entitlements
Financial Services 2024-06-28 1:43 pm By Cat Fredenburgh

Stockbroking firm Ord Minnett has challenged a judgment that found it must pay years of wages and other entitlements to a wealth adviser who was only remunerated by commission payments, a decision that could have major repercussions through the industry.

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Treasurer Jim Chalmers greenlights $4.9B ANZ, Suncorp merger
Financial Services 2024-06-28 9:21 am By Cat Fredenburgh

ANZ is set to acquire Queensland bank Suncorp, with treasurer Jim Chalmers signing off on the deal after the ACCC failed to block the $4.9 billion merger on competition grounds.

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CBA shareholders appeal trial loss in money laundering class actions
Class Actions 2024-06-25 11:16 pm By Cat Fredenburgh

Shareholders of Commonwealth Bank have lodged expected appeals challenging a decision tossing their class actions over alleged lax money laundering compliance, giving the Full Federal Court a chance to clarify when companies must disclose regulatory investigations.

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Radio host Antoinette Lattouf headed to court against ABC after failed mediation
Employment 2024-06-25 10:33 pm By Cat Fredenburgh

Former radio host Antoinette Lattouf will soon file Federal Court proceedings against the ABC after an attempt to mediate a dispute over her alleged unlawful termination was unsuccessful.

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Sydney barrister wins indemnity costs after $150,000 defamation award
Defamation 2024-06-24 10:26 pm By Cat Fredenburgh

Sydney barrister Gina Edwards has been awarded part of her costs in an indemnity basis after securing $150,000 in damages in her defamation case over Channel Nine’s coverage of her battle for custody of famed social media pooch Oscar the cavoodle.

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Transurban denies West Gate Tunnel project’s top lawyer made protected complaints
Employment 2024-06-21 11:39 pm By Cat Fredenburgh

Toll road operator Transurban denies that the former head of legal for its West Gate Tunnel project exercised a workplace right when she complained that there was a “culture of fear and intimidation” on the project’s commercial team and that the team was  suffering from “chaos and dysfunction”.

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