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Data privacy enforcement gets $45.2M boost in Albanese budget
Policy and Regulation 2023-05-09 11:10 pm By Christine Caulfield

Enforcement of Australia’s privacy laws, including funding for the privacy commissioner to litigate companies for major privacy and data breaches, received a $45.2 million investment in Tuesday’s federal budget.

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Tinkler case against Mach Energy dismissed after security for costs goes unpaid
Employment 2023-05-09 4:09 pm By Christine Caulfield

A lawsuit by the companies of mining executive Nathan Tinkler against MACH Energy alleging misuse of confidential information has been tossed after the deadline for paying security for costs came and went.

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‘Aldi bag of cash’ suit against Holding Redlich heads to mediation
Professional Negligence 2023-05-08 2:52 pm By Christine Caulfield

Holding Redlich has been given a reprieve from putting on a defence in a lawsuit by the NSW Labor Party alleging the law firm was negligent in advice over a $100,000 illegal cash donation delivered in an Aldi shopping bag.

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Courtenay House promoter sentenced over $180M Ponzi scheme
Financial Services 2023-05-08 3:30 pm By Christine Caulfield

A former Courtenay House contractor and investment promoter is the latest to be sentenced to a term of imprisonment over an alleged $180 million Ponzi scheme, for which he netted $670,000 in commissions.

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Class actions pile up over Medibank data breach
Privacy & Cybersecurity 2023-05-05 6:45 am By Christine Caulfield

Private health insurer Medibank has been served with a second class action over a data breach exposing the personal details of 10 million customers.

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Corrs avoids split trial in suit by client left liable for security bill after funder exit
Professional Negligence 2023-05-04 11:00 pm By Christine Caulfield

Corrs Chambers Westgarth has defeated an application by a former client to split a trial in his breach of duty case against the law firm, with a judge saying while an initial hearing could save costs, the line between negligence and the merits of the underlying case were blurred.

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Greens deputy leader launches discrimination case over Pauline Hanson Tweet
Human Rights 2023-05-03 11:36 pm By Christine Caulfield

One Nation senator Pauline Hanson has been taken to court by Greens deputy leader Dr Mehreen Faruqi over a social media post Faruqi claims was insulting and humiliating.

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Ord Minnett fined $888,000 for pre-arranged trades
Securities 2023-05-03 11:19 pm By Christine Caulfield

Wealth management firm Ord Minnett has paid an $888,000 penalty for twice breaching market integrity rules in executing a share buy-back with “pre-arranged” trades.

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Cost of independent counsel to advise on Banksia silk’s $1.25M offer ‘can’t be justified’, court says
Class Actions 2023-05-02 11:07 pm By Christine Caulfield

The Victoria Supreme Court will not appoint a contradictor to weigh in on the reasonableness of a $1.25 million settlement offered by companies associated with the wife of a once prominent silk struck from the roll over the Banksia Securities class action scandal.

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Class action can’t grill Noumi lawyer on legal privilege claims over PwC docs
Securities 2023-05-02 11:27 pm By Christine Caulfield

The applicants in a shareholder class action against the former Freedom Foods have failed in a bid to cross-examine Noumi’s inhouse counsel on affidavits swearing to the legal professional privilege of 3,000 documents, including material containing advice from accounting firm PricewaterhouseCoopers.

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