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Energy regulator takes Tesla big battery owner to court
The Australian Energy Regulator has filed court proceedings against Hornsdale Energy Reserve, the owner and operator of the world's second largest lithium-ion battery, for allegedly failing to provide promised contingency services to avoid power disruptions in 2019.
ATO wins info on 1,500 tax docs, teeing up potential privilege battle with CUB
Iconic Australian beer manufacturer Carlton & United Breweries has lost an appeal seeking to shield information about 1,500 allegedly privileged documents from the Australian Taxation Office.
Woolworths says $330M underpayments remediation should scuttle FWO’s case
Supermarket giant Woolworths has denied the Fair Work Ombudsman is entitled to seek compensation for its underpayment of staff, saying its $330 million remediation to affected employees fully answers the regulator's case.
Canva gets more time to patent website invention after lawyer mess-up
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.
MIS regime poses ‘real risk’ to consolidating Freedom Foods class actions, court told
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.
Sydney law firm didn’t pay paralegal minimum wage: FWO
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.
CBA to plead guilty to 30 criminal charges over sale of consumer credit insurance
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.
ACCC concerned JBS acquisition would give it too much pork on its fork
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.
‘Serious neglect’: Disciplinary board cancels Halifax auditor’s registration
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.
ME Bank could face $100M penalty in first of its kind criminal prosecution
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.