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ASIC chair Joe Longo has called on lawyers to be bold in their embrace of emerging technologies, saying lawyers “must be careful with generative AI but not afraid of it”.
In a win for the Australian Securities and Investments Commission, a judge has found that payday lender Sunshine Loans charged thousands of customers prohibited fees, issuing a scathing judgment condemning the company’s “wrongheaded” conduct.
A former director of Noumi has won his challenge to the food manufacturer’s claim for legal professional privilege over a PricewaterhouseCoopers report commissioned by its lawyers at Ashurst, with a judge finding the company waived privilege by disclosing it to Australian Securities and Investments Commission.
Advisory firm Lanterne Fund, which operated as a 'licensee for hire', has been hit with a $1.25 million penalty for breaching its obligations as a financial services licence holder.
The Australian Securities and Investments Commission is challenging a decision that Finder Wallet did not need a financial services licence to sell its defunct cryptocurrency product.
Competition law experts have raised doubts about changes to Australia’s merger review regime announced Wednesday, calling the reforms a mixed bag for businesses and the reduced role of the Federal Court "disappointing".
The collapsed companies behind dumpling chain Din Tai Fung have been hit with over $3.8 million in penalties after a judge found they engaged in a “a calculated scheme to rob employees of their hard-earned wages and deceive the authorities”.
Luxottica has run afoul of Australian spam laws, paying a penalty of $1.5 million for sending marketing emails without an unsubscribe option.
Treasurer Jim Chalmers is expected to announce changes to Australia's merger review regime on Wednesday that will require companies to notify the Australian Competition and Consumer Commission of deals above a certain threshold.
Mayfair 101's James Mawhinney has been arrested and charged with four counts of engaging in dishonest conduct in running his beleaguered wealth management business.