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Non-bank lender Firstmac hit with $8M penalty for DDO breaches
Financial Services 2025-01-24 10:23 pm By Andy Sidler

The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the secondĀ doled out in ASIC proceedings for violations of the new design and distribution obligations.

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‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
ASIC 2025-01-24 11:04 pm By Andy Sidler

Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.

In win for union, court muzzles St Vincentā€™s talk on bed closures
Employment 2025-01-24 11:44 pm By Sam Matthews

A nurses union has won orders barring St Vincent’s Private from representing to nurses that protected industrial action in relation to the closure of beds at various hospitals is unlawful and unprotected.

Fashion site FWRD loses challenge to Corezero trade mark
Intellectual Property 2025-01-24 11:41 pm By Julia Kanapathippillai

Online fashion retailer FWRD has lost its challenge to registration of the ‘FFWD’ trade mark by data processing software company Corezero.

Dominique Grubisa asks High Court to clarify accessorial liability
High Court 2025-01-23 4:06 pm By Sam Matthews

Wealth guru Dominque Grubisa wants the High Court to overturn a finding that she had actual knowledge her company’s statements were misleading, saying the case raises unresolved questions about accessorial liability.

Gov’t throws Rex a lifeline with $50M debt acquisition
Aviation 2025-01-23 1:19 pm By Julia Kanapathippillai

The federal government will take on $50 million of Rex Airlines’ debt to keep the troubled regional carrier flying.

KFC franchisee forced breastfeeding manager to express milk in tent
Employment 2025-01-23 3:45 pm By Cindy Cameronne

The largest KFC franchisee in Australia has been ordered to pay damages to a former breastfeeding manager after a tribunal found she had to express milk under a tent in a doorless storeroom.

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Mineralogy can’t get more discovery from CITIC in $12B Pilbara mine feud
Appeals 2025-01-23 4:27 pm By Cindy Cameronne

Mineralogy has lost its bid for expanded discovery from CITIC in a case seeking to compel the Clive Palmer-owned tenement owner to file expansion proposals allegedly needed to maintain production at a Pilbara iron mine.

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Energy Queensland unit fights probe into Centrepay charges
Energy & Natural Resources 2025-01-23 1:55 pm By Cindy Cameronne

Ergon Energy is challenging a notice from the energy regulator in its probe of payments received via a Centrelink direct debit scheme, after AGL was fined $25 million for overcharging welfare recipients.

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Herbert Smith Freehills commodities partner joins HFW
Energy & Natural Resources 2025-01-23 11:20 pm By Julia Kanapathippillai

Law firm HFW has welcomed former Herbert Smith Freehills energy M&A partner Graeme Gamble to its Perth office.

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