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Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.
A leading class action judge has urged courts to lean into AI, suggesting the technology could rescue lawyers and judges from "mountains of documents or elaborate processes" that waste resources, freeing them up to do what AI cannot: exercise judgment.
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Electricity network provider Transgrid says network upgrades are needed to deal with the "unprecedented interest" in connecting new data centres and that centre operators should foot the bill.
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A class action against the Northern Territory's public housing authority has persuaded a judge to include questions relating to restitution at the initial trial.
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IG Energy’s former subsidiary has resolved a dispute over a $3.5 million surplus from the administration of IG’s interest in the Callide power station in Queensland.
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Ingenia Communities has entered into an agreement to acquire land developer Peet, creating a real estate giant valued at $2.4 billion.
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A parliamentary inquiry has said that waste-to-energy facilities in Victoria should face stricter emissions reporting and independent auditing requirements.
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US infrastructure firm AECOM has been awarded a contract to work on environment planning for the government's Sydney high-speed rail project.
Roadside assistance company NRMA has resolved a Fair Work case by a former in-house lawyer who alleged she was dismissed after making a whistleblower complaint.
The Fair Work Commission has released a new guidance on the use of AI, requiring that litigants disclose their use of the technology, verify the accuracy of all facts and case law and any witness statements.