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Coles, Woolworths class action judge won’t ‘rubber stamp’ firms’ plan to join forces
Class Actions 2025-02-21 3:43 pm By Cindy Cameronne

Law firms running competing class actions against Coles and Woolworths over alleged illusory discounts have agreed to join forces, but a judge has warned he will not simply “rubber stamp” the arrangement. 

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AusSuper cops $27M penalty for account merger failures
ASIC 2025-02-21 3:01 pm By Andy Sidler

A judge has hit AustralianSuper with a $27 million penalty for breaching superannuation rules requiring providers to consolidate customer accounts. 

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Telstra misled customers about Belong upload speeds, court finds
Competition & Consumer Protection 2025-02-21 2:41 pm By Sam Matthews

A court has found that Telstra misled almost 9,000 residential broadband customers about the upload speeds of its budget internet provider Belong.

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Will ACCC pick up pace of competition enforcement after sluggish two years?
Competition & Consumer Protection 2025-02-20 11:36 pm By Christine Caulfield

It has been a quiet time for the competition regulator under the stewardship of Gina Cass-Gottlieb, but on Thursday the enforcer urged companies and consumers to watch this space.

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Landmark ruling to upend tax office’s practice of treating UPEs as loans
Tax 2025-02-20 11:56 pm By Sam Matthews

An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.

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‘Speculation’: Former ASIC chair takes aim at Clive Palmer lawsuit
Public Corruption 2025-02-18 10:57 pm By Andy Sidler

Former ASIC chairJames Shipton wants to strike out claims brought against him by Clive Palmer, arguing the mining billionaire’s pleading cannot support a claim for misfeasance in public office.

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TerraCom directors to claim penalty privilege in novel ASIC case
ASIC 2025-02-18 2:14 pm By Julia Kanapathippillai

Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator’s first-ever case alleging breaches of whistleblower protections.

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Second former Star executive settles with corporate cop
Trials 2025-02-17 11:15 pm By Andy Sidler

Star’s former managing director Greg Hawkins has reached a mid-trial settlement with the corporate regulator in its case over the casino operator’s alleged lax money laundering compliance. 

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FWC blocks Sydney Trains’ bid to stop industrial action
Employment 2025-02-17 2:36 pm By Cindy Cameronne

Sydney Trains has lost its bid to block train crew from engaging in industrial action, with the Fair Work Commission rejecting claims that hundreds of employee absences on Friday were part of a “covert campaign”.

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Construction PRO
Development manager behind $2.7B STH BNK project owes $100M
Restructuring & Insolvency 2025-02-17 11:38 pm By Julia Kanapathippillai

The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors — including lawyers, consultants and designers — over $100 million.

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