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New merger review regime takes effect, with last-minute changes
Reforms to Australia's merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.
WiseTech to sell off Expedient Software amid ACCC concerns
WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.
Australian Unity hit with $7M penalty for failing to properly vet investors
A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors. 
Construction PRO
Arnold Bloch Leibler won’t be kicked off dispute over property exec’s estate
A court has found that two of the three heirs to the owners of property investor Kurtz Group can continue to use the services of Arnold Bloch Leibler, finding no risk of conflict. 
Binance agrees to $10M penalty in ASIC case, but judge wants more info
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
APRA hits super trustee Diversa with additional licence conditions
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.
Construction PRO
HM Capital’s 105-turbine wind farm approved despite environmental concerns
Victoria’s state government has approved the development of a new wind farm on the fringes of protected wetlands and a national park. 
$583M Blue Sky class action can bring insider trading claims
A judge has allowed a shareholder class action over the collapse of asset manager Blue Sky to bring insider trading claims against several short sellers, as well as brokers Credit Suisse and Argonaut Securities. 
Court tosses class action’s appeal over public housing demolition
An appeals court has rejected a class action's challenge to a finding that Homes Victoria had a legitimate purpose in deciding to demolish and redevelop public housing towers in Melbourne, despite “lamentable” lack of consultation. 
Leaders of Telegram ‘pump and dump’ scheme sentenced
Four people who operated an illegal 'pump and dump' scheme through the Telegram app have been convicted and sentenced to terms of imprisonment via intensive correction orders.