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OAIC launches probe over Kmart’s smart glasses
The privacy regulator has launched an investigation into the Chinese software company behind a phone app for Anko-branded smart glasses.
Construction PRO
Receivers appointed over $29.4M Latrobe Valley resort scheme
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.
ASIC lifts interim stop orders against Remara fund
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.
Medibank class action trial may run before OAIC case, judge says
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 can correct info given to ACCC about Kalgoorlie supermarket
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.
Entain judge says expert reports to blame for soaring trial costs
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 flags appeal in ACCC case over ‘subscription trap’
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
Ex-federal judge to lead South Australia’s AI royal commission
Former Federal Court Justice Iain Ross has been appointed to lead South Australia’s royal commission into the risks and opportunities of artificial intelligence.
APRA to toughen trustee rules after $1B Shield, First Guardian failure
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.
ASIC to scrutinise AI use by banks
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.