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Captain Cook, ACCC to mediate after failed High Court appeal
Competition & Consumer Protection 2024-09-23 11:23 pm By Andy Sidler

Captain Cook College and its COO will attempt to reach an agreement on penalty with the ACCC after the High Court knocked back their appeal of a systemic unconscionable conduct finding.

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REST’s reliance on law firms’ advice a winning defence in ASIC case
Financial Services 2024-09-18 11:22 pm By Sam Matthews

A judge has tossed ASIC’s case against REST over alleged misleading representations, finding the representations were statements of opinion reasonably held based on the advice of lawyers.

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Mastercard takes swipe at use of Reserve Bank statistics in ACCC’s case
Competition & Consumer Protection 2024-09-17 11:28 pm By Christine Caulfield

Mastercard is fighting an evidentiary win for the competition watchdog in a case alleging the payments giant misused its market power in deals with major retailers.

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Former JPMorgan trader pleads guilty to fraud charges
Financial Services 2024-09-16 3:49 pm By Cat Fredenburgh

A former JPMorgan executive has pleaded guilty to fraud for allegedly misappropriating nearly $1 million from clients of his defunct companies.

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Data breach numbers hit three and a half year high, OAIC says
Privacy & Cybersecurity 2024-09-16 11:02 pm By Cat Fredenburgh

The privacy regulator was alerted to hundreds of data breaches in the first half of 2024, the highest number in three and a half years, a new report shows.

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Real estate ‘mogul’ Sasha Hopkins to cop $1.25M penalty in ASIC case
ASIC 2024-09-13 11:45 pm By Cindy Cameronne

Self-described property ‘mogul’ Sasha Hopkins has agreed to pay a $1.25 million fine and face a four-year disqualification in proceedings by the corporate regulator.

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Privacy reform kicks off with new tort for ‘serious’ invasions
Privacy & Cybersecurity 2024-09-12 10:36 pm By Andy Sidler

A promised overhaul of the Privacy Act has begun with reforms that make doxxing a crime and could see businesses face new claims, including class actions, for serious invasions of privacy.

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ASIC’s former deputy chair Karen Chester cleared by corruption watchdog
Public Corruption 2024-09-12 10:03 pm By Andy Sidler

The corruption watchdog has issued a statement in response to reports suggesting ex-ASIC official Karen Chester faced an investigation, saying the deputy chair was never the subject of a probe.

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AUSTRAC claims Star walked back admissions in money laundering case
AUSTRAC 2024-09-11 11:57 pm By Cindy Cameronne

AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.

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Judge strikes out ACCC’s entire claim against Meta over crypto ads
Competition & Consumer Protection 2024-09-06 12:25 pm By Cindy Cameronne

Over objections from the ACCC, a judge has struck out the regulator’s entire case against Meta over scam cryptocurrency ads on Facebook after it clarified that each allegedly misleading ad should be a separate contravention.

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