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Can artificial intelligence be named inventor of a patent? Federal Court to rule
Intellectual Property 2021-03-10 5:48 pm By Miklos Bolza

The Federal Court is set to determine whether artificial intelligence can be the inventor of a patent, after an AI pioneer filed a challenge to an IP Australia finding that allowing a machine to be considered an inventor would render the Patents Act incapable of “sensible operation”.

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ATO wins High Court appeal against Travelex over mistaken $149,000 tax surplus
Tax 2021-03-10 3:45 pm By Miklos Bolza

The High Court has ruled that the tax office was not obliged to refund money for tax surpluses mistakenly issued under the GST Act, in a long-running legal dispute between the Commissioner of Taxation and foreign currency exchange Travelex.

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ACCC takes swipe at Visa over interchange fees on debit card payments
Competition & Consumer Protection 2021-03-10 1:25 pm By Christine Caulfield

The ACCC has secured a court-enforceable agreement from Visa that it will not tie cheap interchange rates for large retailers to their use of the Visa network for processing debit card payments, after the regulator raised concerns the credit card giant may have engaged in anti-competitive conduct.

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Insurers confirm coverage of Linchpin directors in class action, ASIC case
Financial Services 2021-03-08 11:04 pm By Christine Caulfield

After months of uncertainty and a scolding from the judge about “vague” excuses, former Linchpin Capital directors facing proceedings by ASIC and a class of investors have been given assurance that their legal costs will be covered under an insurance policy.

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Judge orders penalties of $1.4M in ASIC’s case against Dover Financial
Financial Services 2021-03-05 6:17 pm By Cindy Cameronne

A judge has ordered that defunct Dover Financial Advisors and its former director pay $1.4 million in penalties for creating a misleading client protection policy he described as “an exercise in Orwellian doublespeak.”

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Judge tosses One Nation staffer’s claims against gov’t in Brian Burston sexual harassment case
Employment 2021-03-05 5:39 pm By Cat Fredenburgh

A judge has dismissed claims brought by a former One Nation staffer against the federal government accusing it of being liable for former senator Brian Burston’s alleged sexual harassment, finding that the terms of her unfair dismissal settlement barred her from bringing sexual harassment allegations againt the Commonwealth.

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GetSwift wins appeal bid to disqualify judge from class action
Appeals 2021-03-05 10:38 am By Spencer Fowler Steen

GetSwift has triumphed in its bid to disqualify a judge who refused to recuse himself from hearing a shareholder class action against the logistics software company after presiding over ASIC’s civil penalty proceeding against the company.

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Statewide Super cancelled 12,500 fund members’ insurance while charging them, ASIC claims
Financial Services 2021-03-04 9:32 pm By Spencer Fowler Steen

ASIC has launched civil penalty proceedings against Statewide Super alleging that around 12,500 fund members were not covered by any insurance policy for a year despite the super fund informing them that they had cover while deducting monthly premiums worth $1.5 million.

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iSignthis says disclosing end of Visa relationship would not have affected share price
Financial Services 2021-03-04 4:07 pm By Spencer Fowler Steen

Fintech company iSignthis has struck back at allegations by the Australian Securities and Investments Commission that it breached its continuous disclosure obligations by failing to inform shareholders that Visa was ending its relationship, saying the disclosure would not have affected its share price.

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Full Court to hear another appeal over computer-implemented invention
Intellectual Property 2021-03-04 2:58 pm By Cat Fredenburgh

The Full Federal Court has been asked to consider an appeal of a judge’s ruling backing the position of the Commissioner of Patents that two patents for a computer-implemented invention did not describe a manner of manufacture and should be revoked.

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