Regulators

Financial planner Fortnum Private Wealth has been hit with a $1.35 million penalty after admitting it failed to implement adequate cyber security systems, after a breach led to the data of 9,000 customers being published on the dark web. 

The Australian Securities and Investments Commission has called for improvements in how mortgage brokers demonstrate that home loan recommendations are in customers’ best interests.

An IP Australia delegate has found a Nippon Steel patent for fatigue-resistant rail lacks novelty and an inventive step, but has given the company a chance to amend.

Former Star Entertainment's boss has been granted an exemption to a six-year corporate ban, with a court allowing him to direct a self-managed super fund.

Insurer Holland has been hit with a $2 million penalty over claim delays which ASIC argued warranted a $30 million penalty, the first civil penalty against an insurer for breaching its duty of good faith.

Insurers IAG and RACWA has brought the second appeal of a decision by the Australian Competition and Consumer Commission blocking a transaction under the new merger regime.

The Fair Work Commission has sided with Victoria University's proposal that a student advisor trial one day a week working from home, which the employee said was needed due to "physical fatigue associated with commuting". 

The Australian Securities and Investments Commission has launched enforcement action against an Interprac authorised representative who allegedly promoted the failed First Guardian investment fund to hundreds of clients.

The company behind the redevelopment of Melbourne’s former Hotel Lindrum has told a judge that the terms of a hotel management agreement were sufficient to establish use of the 'Lindrum' trade mark. 

The privacy regulator has launched an investigation into the Chinese software company behind a phone app for Anko-branded smart glasses.