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Mayfair’s James Mawhinney wants reprieve from ASIC’s contempt case
Financial Services 2022-03-17 4:14 pm By Cindy Cameronne

Mayfair 101 director James Mawhinney has sought a temporary stay of ASIC’s case accusing him of being in contempt of court for allegedly breaching a 20-year ban on selling financial products.

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ASIC claims another scalp in ongoing BigUn investigation
Accounting 2022-03-17 5:50 pm By Sam Matthews

A former auditor of collapsed video company BigUn has had his company auditor registration suspended for a year following an application by the corporate regulator over a conflict of interest. 

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ASIC’s penalty against Squirrel Super ‘might be a bit light on’, court says
Financial Services 2022-03-15 3:15 pm By Sam Matthews

A judge has questioned the $55,000 penalty jointly proposed by the parties in ASIC’s case against fintech company Squirrel Super over misleading statements about returns on property statements, saying it “might be a bit light on.”

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Facebook takes fight over Cambridge Analytica case to High Court
High Court 2022-03-14 2:17 pm By Miklos Bolza

Facebook has filed an application with the High Court seeking to overturn a judgment that found it can be sued in Australia for alleged privacy violations over the Cambridge Analytica scandal.

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Mars keeps MM mark away from chocolate in trade mark settlement
Intellectual Property 2022-03-14 11:08 am By Miklos Bolza

A judge has signed off on a settlement in a trade mark spat between M&M candy maker Mars and the world’s largest macadamia grower, Macquis Macadamias, under which Marquis will no longer seek to register its MM mark for chocolate bars.

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TerraCom can’t keep PwC report from ASIC investigators
Energy & Natural Resources 2022-03-11 10:14 pm By Christine Caulfield

Mining company TerraCom has lost a case seeking to shield a report by PricewaterhouseCoopers from the Australian Securities and Investments Commission, which is investigating claims current and former executives falsified coal quality results.

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Flying Eureka Flag at construction sites banned under building code, court finds
Employment 2022-03-11 9:24 pm By Miklos Bolza

A court has found that flying flags associated with the Eureka Rebellion or displaying material bearing union mottos and indicia at construction sites contravenes the Building Code.

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High Court to weigh in on patentability of computer-implemented inventions
High Court 2022-03-10 11:53 pm By Cat Fredenburgh

The High Court has decided to weigh in on whether computer-implemented inventions are eligible for patent protection, granting special leave to Aristocrat Technologies to challenge a judgment that shot down four patents for its popular Lightning Link electronic poker machine.

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Third Nuix class action means beauty parade may be unavoidable
Class Actions 2022-03-10 11:13 pm By Cat Fredenburgh

Technology company Nuix has been hit with a third shareholder class action over its troubled $1.8 billion float on the ASX, setting up what is likely to be the first beauty parade in the Supreme Court of Victoria since the state allowed class action lawyers to seek a cut of any settlement or judgment.

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AMP to face penalty in ASIC’s fees-for-no-service case
Financial Services 2022-03-10 3:59 pm By Sam Matthews

AMP has admitted to contraventions and will face a penalty in ASIC proceedings over fees-for-no-service conduct that allegedly led to upwards of $600,000 being unlawfully withdrawn from superannuation member accounts.

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