Class Actions
In CBA class actions, High Court asked to adopt Worley approach
The lead shareholder in class actions against CBA has urged the High Court to take a "common sense" approach to loss causation in securities cases, as endorsed by the Full Federal Court in last month's ruling for Worley's investors.
Accounting
Former CEO of KPMG denies ‘bad apple’ tag, says he took accountability
Facing the hotseat over KPMG's treatment of a whisteblower, the accounting giant's former CEO Andrew Yates told a parliamentary committee hearing on Friday he took accountability and was not a "bad apple".
KPMG
KPMG slammed for ‘hiding behind’ legal professional privilege
A senator has criticised KPMG for claiming a commitment to transparency while also maintaining legal professional privilege over advice from Allens and Ashurst into the alleged misuse of confidential information.
Restructuring & Insolvency
Racing NSW scores win in fight over administration of Australian Turf Club
An appeals court has overturned a finding that Racing NSW was not entitled to appoint administrators to the owners of Sydney’s Randwick Racecourse.
Gaming
SkyCity to pay $21M in settlement with SA gambling authority
SkyCity has agreed to pay a $21 million fine in an agreement with the South Australian gambling authority following an inquiry by former Supreme Court Justice Brian Martin which found historical compliance and governance failures.
Competition & Consumer Protection
Fitness support company pays penalty over NDIS claims
Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Copyright Lawyerly Media 2026. Unauthorised reproduction or distribution of this article is prohibited. Contact us for a reprint licence. Fitness support company and NDIS provider WeFlex has…
Employment
RSPCA Qld settles with FWO after underpaying staff $4.3M
RSPCA Queensland has entered into an enforceable undertaking with the Fair Work Ombudsman after underpaying 1,008 staff approximately $4.3 million between February 2017 and September 2023.
Appeals
High Court asked to revive NULIS class action over $165M in conflicted remuneration
A failed class action against former NAB super fund trustee NULIS Nominees over $165 million in conflicted remuneration has asked the High Court to revive the case and provide clarity on the fees for-profit trustees can charge for their compensation.
Financial Services
Judge takes HSBC to task for late settlement with corporate cop
A judge has approved a $35 million penalty against HSBC in ASIC’s novel case over the bank's scam protection failures, despite questioning whether the punishment was severe enough given how long the case took to settle.
Lendlease
KPMG ‘gravely misused’ auditor position, Lendlease chair says
Lendlease chair John Gillam has said the company's board was “deeply discontented” with KPMG’s alleged misuse of its confidential information but was stuck with the accounting firm until the end of the financial year.
