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Sensitive data of 223,000 people stolen in ACL data breach: OAIC
Privacy & Cybersecurity 2023-11-28 11:17 pm By Cat Fredenburgh

‘Serious and systemic’ failures in Australian Clinical Labs’ cyber framework left the pathology services provider vulnerable to a cyberattack that exposed the sensitive health data of more than 223,000 people, including tests for fertility and sexually transmitted diseases, according to the OAIC.

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BHP class action fights ruling limiting group size
Appeals 2023-11-28 1:44 pm By Cat Fredenburgh

A class action against BHP over the collapse of a Brazilian dam has appealed a judgment that found shareholders who did not purchase their stock on one of the three exchanges on which the mining giant is listed are excluded from the case.

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PwC fined $50,000 over tax leaks scandal
Financial Services 2023-11-28 11:30 pm By Cat Fredenburgh

The group that oversees accountants in Australia and New Zealand has slapped PricewaterhouseCoopers with a $50,000 fine over its tax leaks scandal.

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Investors lost $500M trading CFDs, new class action alleges
Financial Services 2023-11-27 11:04 am By Cat Fredenburgh

Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.

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ACCC again calls for regulation as digital platforms expand reach
Competition & Consumer Protection 2023-11-27 10:54 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has again called for new laws to regulate digital platforms as they creep further into the daily lives of Australians through smart home devices and personal cloud storage.

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Thomson Geer picks up property team from M+K
Real Estate 2023-11-27 10:30 pm By Cat Fredenburgh

Thomson Geer has raided the property team of competitor M+K, luring a team of six, including two partners.

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IP lawyer unfairly terminated for browsing personal websites
Employment 2023-11-24 5:14 pm By Cat Fredenburgh

The Fair Work Commission has awarded compensation to an intellectual property lawyer who was unfairly dismissed for browsing personal websites during a period in which he said he was too busy to attend to a client’s patent application.

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ACCC accuses online training provider of misleading consumers
Competition & Consumer Protection 2023-11-24 10:22 pm By Cat Fredenburgh

The competition regulator has taken training provider Express Online Training to court for allegedly misleading consumers by promising they would only be charged for their online courses upon completion and that the courses could be finished in one day.

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AMP to pay $100M to settle BOLR class action
Class Actions 2023-11-23 1:58 pm By Cat Fredenburgh

AMP has agreed to pay $100 million to settle a class action by financial advisers over its buyer of last resort policy, after suffering a loss at trial.

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ASIC dodges indemnity costs for ‘unreasonable’ rejection of settlement in case against liquidator
Restructuring & Insolvency 2023-11-23 9:21 pm By Cat Fredenburgh

ASIC has escaped an individual insolvency practitioner’s bid for indemnity costs in its failed case alleging illegal phoenix activity, with a judge finding the regulator did not unreasonably reject a settlement offer that would have netted it “a considerably better result” than it won at trial.

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