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ASIC scores third straight win in greenwashing cases
Greenwashing 2024-06-05 9:55 pm By Sam Matthews

The corporate regulator is on a winning streak in its greenwashing cases, with a judge rejecting Active Super’s attempt to qualify its “unequivocal” statements about limiting its investment in companies connected to gambling and coal mining.

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Garuda Airlines immune from creditor’s winding up bid, High Court says
High Court 2024-06-05 11:08 pm By Sam Matthews

The High Court has dismissed an appeal of a decision which found Indonesia’s national airline could avail itself of foreign state immunity to defeat a winding up application.

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High Court clarifies ‘dominant use’ in land tax exemption for animal farms
Appeals 2024-06-05 11:02 pm By Sam Matthews

Unanimously dismissing an appeal by thoroughbred breeding and horseracing giant Godolphin, the High Court has ruled on the proper construction of a tax exemption for rural land in NSW.

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Judge OKs $100M Colonial class action settlement, questions ‘strange’ funding agreement
Superannuation 2024-06-03 11:11 pm By Sam Matthews

The judge overseeing a consumer class action against wealth manager Colonial First State Investments has given the green light to a $100 million settlement, but questioned a $23.1 million cut to funder Augusta under a “strange” funding agreement.

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ANZ shareholder drops case over climate change risk management
Energy & Natural Resources 2024-05-29 11:03 pm By Christine Caulfield

A shareholder has dropped her case against ANZ over concerns it was failing to properly manage climate change risk, after the bank publicly committed to treating it as a key risk, later revealing it would stop providing project finance to new or expanded oil and gas projects.

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Don’t ask AI questions you don’t already know the answers to, law firm says
AI 2024-05-28 11:26 pm By Cat Fredenburgh

Lawyers are in no immediate danger of losing their jobs to AI, according to a leading law firm, which has found that asking large language models legal questions you don’t already know the answers to is risky business.

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SMSF auditors stung by class action say Melissa Caddick’s clients have themselves to blame
Superannuation 2024-05-24 11:44 pm By Sam Matthews

The auditors of self-managed superannuation funds that clients of Melissa Caddick invested with the Sydney fraudster and her company Maliver have hit back at class action claims, saying the clients have themselves to blame for handing over “direct control” of their funds.

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Barrister noted for ‘dessicated’ humour sworn in as judge on NSW Supreme Court
Courts 2024-05-23 11:18 pm By Cat Fredenburgh

Justice Tim Faulkner’s “dessicated” sense of humour was on display during a swearing in ceremony on Thursday, during which the new judge thanked his colleagues on the bench for their handwritten letters of welcome, one of which he said was “completely unreadable”.

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FWC’s ‘harsh’ comment about Mantle Group gave rise to appearance of bias, High Court told
Employment 2024-05-22 11:01 pm By Cat Fredenburgh

Hospitality giant Mantle Group has asked the High Court to find a statement by a full bench of the Fair Work Commission accusing it of acting “extraordinarily and contumaciously” during a dispute about a ‘sham’ enterprise agreement gave rise to an appearance of bias.

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Judge won’t dock developer’s case against NSW Ports over privatisation deal
Competition & Consumer Protection 2024-05-22 11:32 pm By Cat Fredenburgh

A New South Wales developer’s competition case against NSW Ports over a ports privatisation agreement looks bound for the High Court after a judge found a related ACCC proceeding did not bar it from bringing the case, which will challenge a Full Court finding that the ports operator was shielded by derivative Crown immunity.

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