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The Australian Securities and Investments Commission says it will make changes aimed at strengthening safeguards for automated and AI-enabled trading, warning AI technology could behave in unpredictable ways.
Construction PRO
Coles can't file more expert evidence in its fight over the ACCC's rejection of its purchase of a leasehold interest in a Kalgoorlie site, with a tribunal finding the supermarket had a chance to respond to the ACCC's "novel" harm theory.
ACCC Chair Gina Cass-Gottlieb, who shepherded the overhaul over the country's merger laws, will serve another five-year term as head of the competition and consumer cop.
Private credit lender Remara has been hit with stop orders by ASIC over target market deficiencies, as the regulator warned of an imminent crackdown in the market.
A Senate inquiry into Triple Zero service outages has recommended stripping Telstra of its emergency call person function and launching a review into the Australian Communications and Media Authority.
Coles says it should be allowed to file further expert evidence in its stoush with the ACCC over plans to build a supermarket in Kalgoorlie, WA, claiming the regulator failed to give it notice about its "novel" theory of harm.
The corporate cop is calling for a $10.5 million penalty against Sunshine Loans in its unauthorised fees case, saying the payday lender's approach to the enforcement action was an example of "scorched earth" litigation.
Super trustee Netwealth is facing the threat of another class action by investors in Falcon Capital's collapsed First Guardian Master Fund.
Enforcement action by the corporate cop alleges former Super Retail Group CEO and managing director Anthony Heraghty breached his directors’ duties and provided misleading information to the board and the market.
Online retailer digiDirect has been hit with $99,000 in penalties after the ACCC accused if making misleading strikethrough price claims on its website.