Companies

The eSafety commissioner has said it will take a “principles-based approach” to the government's plan to ban social media ban for children under 16, saying platforms will not be required to verify the ages of all users. 

ANZ has agreed to pay $240 million in penalties to resolve four separate cases by the corporate regulator, including a record $80 million penalty for unconscionable conduct in its dealings with the federal government. 

AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.

The Finance Sector Union has accused ANZ of being a “bank in crisis”, launching a case in the Fair Work Commission over its handling of mass job cuts.

Pinsent Masons has lured a PwC partner to bolster its energy offering in Melbourne.

A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform. 

Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.

A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant's costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.

A judge has put off deciding what damages group members are owed in two class actions against Apple and Google after finding the tech companies engaged in anti-competitive conduct in the app marketplace.

Woodside has won government approval for the 40-year extension of its North West Shelf project, subject to conditions that include protecting the World Heritage listed Murujuga rock art.