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.
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.
A judge has thrown out Clive Palmer’s lawsuits against former Australian Securities and Investments Commission chair James Shipton after finding the claims had no reasonable prospects of success.
ASX’s management of operational risk that led to December’s CHESS settlement outage has the corporate regulator and the Reserve Bank “increasingly concerned” and “deeply disappointed”.
The corporate regulator has caned the super fund industry for its poor handling of death benefit claims it said had “devastating impacts” on members’ grieving relatives.
The Albanese government has vowed to ban price-gouging by supermarkets if reelected, despite the Australian Competition and Consumer Commission’s supermarkets inquiry finding no evidence of excessive pricing.
AUSTRAC has sought to suppress parts of its case against the operator of online gambling sites Ladbrokes and Neds, arguing the information should not get into the hands of criminals.
The Federal Court has dismissed an appeal by a union representing rail electricians of cooling-off orders made by the Fair Work Commission amid an ongoing dispute with Sydney Trains.
The workplace regulator should start a national probe into sexual harassment and the treatment of young workers in the construction industry, according to a forum convened by the employment minister.
Payday lender Sunshine Loans has lost an appeal after it was ruled liable for “wrongheaded” conduct, with an appeals court finding that counsel showed an “egregious failure” to confine the case to the real issues.