Queensland mining tycoon and former MP Clive Palmer has been hit with a criminal case alleging he violated takeover laws by failing to make an offer after issuing a publicly proposed takeover bid for timeshare business The President’s Club Ltd.
Qantas has struck out a second time in a week in a bid to have an outside lawyer represent it in proceedings before the Fair Work Commission, with a commissioner saying Thursday the airline was “more than capable” of representing itself.
Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they should be “consigned to the dustbin of procedural history.”
A general counsel and a board member of a company linked to embattled G8 Education head Jennifer Joan Hutson are the latest to be charged over the childcare operator’s failed takeover bid for a rival.
The Turnbull government will continue to pursue legislation that would have blocked the merger of the Construction, Forestry and Energy Union with two other unions by submitting the amalgamation to a public interests test.
Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to wealth management customers that paid for the service.
The Australian consumer regulator has questioned the long-term commercial viability of the NBN, saying consumers may lose their appetite for increased broadband speeds when the network’s prices go up.
The Privacy Commissioner on Thursday opened an investigation of Facebook on the heels of confirmation by the social media giant that the data of over 300,000 Australian users may have been improperly harvested.
The head of the Australian Competition and Consumer Commission said Thursday that when it comes to mortgage prices, the behaviour of Australia’s big four banks looks more like synchronised swimming than vigorous competition.
Japan-based global shipper K-Line has pled guilty to its role in a criminal cartel, the second company to admit guilt in Australia in the case.