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Social media companies to face new duty of care regulations
The Albanese government is planning to introduce new duty of care regulations that would require social media companies to take proactive steps to protect users from harm online.
High Court to resolve uncertainty over common fund orders
The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors' common fund orders allowing lawyers to earn a cut of any settlement.
ATO, PepsiCo fight over royalty withholding tax goes to High Court
The ATO has won the nod from the High Court to appeal a finding that a royalty withholding tax did not apply to payments from Schweppes to PepsiCo under agreements to sell brands like Pepsi and Gatorade in Australia.
Ex-boss of AI marketing company Metigy charged with misleading investors
The former CEO of failed AI marketing start-up Metigy has been charged with providing false statements to investors and misusing his position as a director following an investigation by the corporate regulator.
Government to ban social media for kids under 16
The Albanese government has taken aim at social media companies, proposing a world-first ban on access to their platforms for children under 16.
Carnival settles class action over ‘cruise from hell’
Carnival has settled a class action on behalf of passengers on a seven-day South Pacific voyage that became the "cruise from hell" when their vessel sailed into a Category 5 cyclone.
ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.
S&P entitled to Rolls-Royce defence in CDO class action: court
S&P is free to pay for a Rolls-Royce defence in "Rolls-Royce litigation" that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
Care A2 settles spat with infant formula distributor
Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.
Richard White steps down as WiseTech CEO
Richard White, the billionaire founder of logistics company WiseTech Global, has stepped down from his position as CEO amid media reports of bullying and inappropriate conduct.