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Construction PRO
The corporate regulator has secured orders appointing receivers to a company behind a housing project on Lake Narracan in Victoria's LaTrobe Valley, after telling a court it was concerned more than 100 investors have been misled.
Interim stop orders against Remara's $40 million cash management fund have been removed after the private credit lender updated the fund's target market determinations.
A judge overseeing the Office of the Australian Information Commissioner's case against Medibank alongside a class action against the health insurer is considering delaying a hearing in the regulator's case until after trial in the group proceeding.
Construction PRO
Coles has won its bid to correct inaccurate information given to the ACCC about supermarket revenue and sales in proceedings challenging the regulator's rejection of its acquisition of leasehold interest in a Kalgoorlie site.
A judge has raised concerns that lengthy expert reports filed by AUSTRAC and Entain in the regulator’s AML/CTF case have strayed into expressing “positively unhelpful” opinions.
eHarmony has won a fight for declarations to be made following a judge’s finding that it misled customers about automatic subscription renewals, opening the door for the dating site to bring a foreshadowed appeal.
Construction PRO
Former Federal Court Justice Iain Ross has been appointed to lead South Australia’s royal commission into the risks and opportunities of artificial intelligence.
The Australian Prudential Regulation Authority has released a series of proposals to strengthen superannuation investment governance in the wake of the $1 billion collapse of investment funds Shield and First Guardian.
The corporate regulator said Wednesday it would review the banking sector’s use of artificial intelligence to ensure customer protections have not been lost in the rush to adopt AI tools.
A court has slapped an injunction on Ryzon Materials to restrain it from a proposed capital reduction, citing concerns it could allow the company to avoid a potential penalty in a case by the corporate regulator.