Please login to bookmark Close
The Albanese government has launched a program lo award $500 million in grants for green iron projects, in a move to decarbonise one of the world’s most carbon-intensive industries.
ANZ agrees to $240M in fines for ‘widespread misconduct’
Please login to bookmark Close
ANZ has agreed to pay $240 million in penalties to resolve four separate cases by the corporate regulator, including a record $80 million penalty for unconscionable conduct in its dealings with the federal government.
Union drags ANZ to Fair Work Commission over mass layoffs
Please login to bookmark Close
The Finance Sector Union has accused ANZ of being a “bank in crisis”, launching a case in the Fair Work Commission over its handling of mass job cuts.
AMP to pay $120M to settle superannuation class action
Please login to bookmark Close
AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
ASX accused of sacking head of trading tech after complaints about CHESS project
Please login to bookmark Close
A former head of trading technology at the ASX has filed a lawsuit claiming he was axed after he raised concerns about not having sufficient resources to operate the market properly, including in relation to the exchange’s CHESS replacement project.
Judge mulls bidding war for $549M Robodebt settlement admin gig
Please login to bookmark Close
The judge overseeing the Robodebt class action, which settled this month for a record $548.5 million, may put the settlement administration role out to tender, saying the sum earmarked for the job was “staggeringly large”.
Another judge rails against GenAI use, says even self-repped litigants must do their homework
Please login to bookmark Close
Another judge has railed against the use of generative AI in court proceedings, after a self-represented litigant filed an application to annul his bankruptcy that was replete with fake citations.
Meta ordered to put on defence in ACCC case over scam crypto ads
Please login to bookmark Close
A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform.
Novo director breached duty to prevent insolvent trading, court finds
Please login to bookmark Close
A judge has found a director of defunct IT company Novo breached his duty to prevent the company from trading while insolvent, but has stopped short of ordering damages, or making findings he breached other duties.
Mastercard fights win for ACCC over in-house counsel communications
Please login to bookmark Close
Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.