APRA has increased ANZ’s capital add-on requirement by $250 million to account for operational risks, after a report highlighted “persistent and prevalent” problems at the bank.
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
In a loss for the ACCC, the High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU merely by yielding to a threat of industrial action.
Buy now, pay later giant Zip will ask the High Court to throw out a ruling that found it infringed mortgage provider Firstmac’s ‘Zip’ trade mark and barred it from using the name in Australia.
Australian gaming YouTuber Karl Jobst has been ordered to pay $350,000 in damages to US Donkey Kong champion Billy Mitchell over comments implying that he “hounded” another YouTuber to death.
The Bob Brown Foundation has launched a legal challenge in the Federal Court against legislation that exempts industrial salmon farms from a key environmental law.
A judge has approved a $3.5 million settlement in a class action brought by former clients of Sydney fraudster Melissa Caddick.
Logistics company Qube can’t dodge a $71 million payment to subcontractor Martinus Rail, with an appeals court finding no error in an adjudicator’s finding that Qube’s payment schedule was “incomprehensible”.
The High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU to boycott a subcontractor merely by succumbing to the threat of industrial action.
Collapsed Sydney developer Dyldam has told a court that a liquidator’s claim for breach of directors’ duties is “hopeless” as the company was under a deed of company arrangement at the relevant time.