AUSTRAC
Star hit with $260M fine for ‘egregious’ money laundering failures
A judge has ordered Star Entertainment to pay a $260 million penalty for anti-money laundering and counter-terrorism financing failures, saying the casino turned a “blind eye” to customers likely linked to organised crime.
ASIC
Ex-Super Retail CEO’s bid for ASIC file a ‘fishing expedition’, court told
The former chief executive officer of Super Retail Group has argued he should have access to ASIC’s entire investigation file into the company, in proceedings alleging he failed to disclose a relationship with the company’s former chief human resources officer.
Insurance
Final case over Greensill collapse settles against IAG, Tokio Marine
Investment firm White Oak has settled its case against IAG, Tokio Marine and subsidiary BCC alleging the insurers were liable for $200 million in damages following the collapse of supply chain finance company Greensill.
ASIC
QBE to contest ASIC penalty over misleading discounts
Insurer QBE will dispute ASIC's proposed penalty after admitting that its pricing model misled customers.
Transportation & Infrastructure
Russell Kennedy nabs Thomsons partner for planning and enviro team
Russell Kennedy has lured planning and environment lawyer Craig Tidemann from Thomsons to join the firm's partnership in its Sydney office.
Competition & Consumer Protection
Coles’ acquisition of Kalgoorlie site will force IGA out, tribunal told
The owner of an IGA store in Kalgoorlie has told a tribunal that Coles’ proposed acquisition of a nearby site will push it out of the market, leaving consumers worse off.
Competition & Consumer Protection
REA must produce Deloitte comms in Domain’s ‘9 in 10 buyers’ suit
REA Group must hand over communications with Deloitte in draft versions of a report said to back the real estate listing giant's promotional claim that '9 in 10 buyers' find a home on its site, a claim rival Domain says is misleading and deceptive.
Employment
Former ISGroup boss mostly defeats strike-out bid in dismissal case
Sacked boss of ISGroup Roy Mellon has largely defeated a bid to strike out his reply to the surveying company's defence, with a judge saying he was entitled to dispute the reasons given for his dismissal.
Intellectual Property
IP Australia shoots down Kyro Card’s payment processing patent
In the latest ruling on computer-implemented inventions, an IP Australia delegate has shot down fintech Kyro Card's bid to patent a payment system for offering rewards to shoppers, finding the invention was a business scheme implemented on a computer and not a manner of manufacture.
Intellectual Property
Delegate orders removal of Wolfgang Puck’s ‘Spago’ trade mark
A delegate has ordered the removal of American chef and restaurateur Wolfgang Puck’s ‘Spago’ trade mark, upholding a challenge by a Sydney-based Italian restaurant with the same name.
