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Canva gets more time to patent website invention after lawyer mess-up
Intellectual Property 2021-09-20 12:06 pm By Miklos Bolza

Graphics design platform Canva has been conditionally granted further time to apply to patent an invention for generating websites, after IP Australia found its US patent attorneys had made an “error or omission” by failing to track expiration dates for registering the patent.

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MIS regime poses ‘real risk’ to consolidating Freedom Foods class actions, court told
Class Actions 2021-09-17 10:16 pm By Miklos Bolza

Recent changes to the law requiring funded class actions to be registered as managed investment schemes have complicated the question of how best to resolve the multiplicity issue in two class actions brought against Freedom Foods and Deloitte.

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Sydney law firm didn’t pay paralegal minimum wage: FWO
Employment 2021-09-17 6:25 pm By Cindy Cameronne

A boutique Sydney law firm has been taken to court by the Fair Work Ombudsman for allegedly failing to pay the minimum wage to a paralegal.

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CBA to plead guilty to 30 criminal charges over sale of consumer credit insurance
Financial Services 2021-09-16 2:11 pm By Christine Caulfield

The Commonwealth Bank will plead guilty to criminal charges following an ASIC investigation over misleading representations to customers who purchased add-on consumer credit insurance.

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ACCC concerned JBS acquisition would give it too much pork on its fork
Competition & Consumer Protection 2021-09-16 12:58 pm By Miklos Bolza

The ACCC has called for further public submissions on a proposed acquisition by JBS Australia of a Singapore-owned pig farm and abattoir business after it raised preliminary competition concerns with the $175 million sale.

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‘Serious neglect’: Disciplinary board cancels Halifax auditor’s registration
Financial Services 2021-09-16 3:59 pm By Bianca Hrovat

The former lead auditor of stockbroker Halifax Investment Services, whose 2018 collapse resulted in $200 million in investor losses, has had his registration cancelled following an application by the Australian Securities and Investments Commission.

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ME Bank could face $100M penalty in first of its kind criminal prosecution
Financial Services 2021-09-15 10:35 pm By Bianca Hrovat

Members Equity Bank faces a potential multi-million dollar fine if it is found guilty of misleading home loan customers in the first criminal prosecution under the consumer protection provision of the ASIC Act to be tried in the Federal Court.

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The Star accuses ATO of breaching settlement agreement
Tax 2021-09-15 10:25 pm By Cindy Cameronne

The Star Entertainment Group has filed court proceedings against the Australian Taxation Office seeking to have interest charges on a tax bill cancelled, saying the ATO acted “unfairly” by not adhering to the terms of a 2001 settlement agreement.

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Mineralogy appeals ruling tossing suit as ‘ill-disguised’ attack on ASIC
Appeals 2021-09-15 4:00 pm By Cat Fredenburgh

Clive Palmer’s Mineralogy has appealed a ruling tossing a lawsuit it brought against ASIC, which a judge called an “ill-disguised collateral attack” on the regulator for criminal proceedings against the billionaire mining magnate over $12 million in payments made to his political party in 2013.

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PwC a ‘different beast’ to law firms when it comes to privilege, court hears
Tax 2021-09-13 10:24 pm By Miklos Bolza

Assessing claims of privilege involving multidisciplinary firms like PricewaterhouseCoopers that offer legal and accounting services is “inherently awkward”, a court heard on the final day of a hearing in a privilege battle between the accounting firm and the ATO.

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