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Social media companies to face $50M fine for violating under 16 ban
Social Media 2024-11-20 11:01 pm By Cat Fredenburgh

Social media companies will face hefty fines of up to $50 million for violating a ban on kids under 16 accessing their platforms.

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Barristers acting on instructions from solicitor to be exempt from AML/CTF regime
Legal Ethics 2024-11-15 2:39 pm By Cindy Cameronne

A senate committee has recommended that rules requiring that lawyers comply with anti-money laundering obligations should not apply to barristers acting on instructions from solicitors.

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Judge balks at idea government could represent Robodebt class action members
Class Actions 2024-11-14 11:09 pm By Cindy Cameronne

A judge has balked at a suggestion by group members appealing a $112 million Robodebt class action settlement that the Commonwealth could represent the interests of people content with the deal.

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MinRes admits it should have disclosed related-party transactions
Energy & Natural Resources 2024-11-13 4:23 pm By Andy Sidler

Facing a probe by the corporate regulator, mining giant Mineral Resources has admitted that it should have disclosed transactions relating to managing director Chris Ellisonā€™s company.Ā 

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Social media companies to face new duty of care regulations
Social Media 2024-11-13 11:18 pm By Cat Fredenburgh

The Albanese government is planning to introduce new duty of care regulations that would require social media companies to take proactive steps to protect users from harm online.

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Companies need to report basis for climate change statements, says ASIC
Climate change 2024-11-12 1:55 pm By Cindy Cameronne

ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.

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Court clarifies licensing regime in win for offshore wind project
Energy & Natural Resources 2024-11-11 2:51 pm By Sam Matthews

A judge has overturned energy minister Chris Bowen’s refusal to greenlight energy company Seadragonā€™s offshore wind farm project off the coast of Gippsland.

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Optus slapped with $12m penalty over Triple-0 outage
Telecommunications 2024-11-08 2:36 pm By Julia Kanapathippillai

Optus has been hit with a $12 million penalty over a ā€œpreventableā€ nationwide network outage in November 2023, which left thousands of customers unable to make emergency calls.

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ASIC launches formal MinRes probe over Ellison tax dodge claims
Investigation 2024-11-07 11:53 pm By Christine Caulfield

The corporate cop has launched a formal investigation after the airing of tax evasion allegations against Mineral Resources’ billionaire founder, Chris Ellison.

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Government to ban social media for kids under 16
Social Media 2024-11-07 11:38 pm By Cat Fredenburgh

The Albanese government has taken aim at social media companies, proposing a world-first ban on access to their platforms for children under 16.

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