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Ratings house faces ASIC investigation over Keystone fund
Financial Services 2025-09-18 11:45 pm By Cindy Cameronne

ASIC has confirmed it is investigating at least one ratings house which said Keystone’s failed Shield Master Fund was of ‘investment grade’, as the corporate watchdog seeks to claw back $480 million in investor funds. 

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Construction PRO
Commercial development ‘greatest potential risk’ in $200B private credit sector: ASIC
Real Estate 2025-09-22 10:58 pm By Cindy Cameronne

An ASIC report into private credit has found that commercial property construction and development presents the “greatest potential risk” of impairment or credit loss, as well as being more likely to involve conflicts of interest and opaque fee arrangements. 

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ASIC in hotseat over inaction against ANZ execs after $240M settlement
Financial Services 2025-09-18 11:27 pm By Cindy Cameronne

ASIC’s chair was grilled by members of parliament on Thursday over whether the regulator would take action against individuals within ANZ, after the bank agreed to pay $240 million in penalties for “widespread misconduct”.

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Construction PRO
Developer sues Maddocks over Toorak penthouse deal with millionaire
Real Estate 2025-09-19 11:20 pm By Cindy Cameronne

Developer Techin MBS has filed a lawsuit against Maddocks, claiming the law firm is liable for negligence if a contract of sale for a penthouse in Toorak with multi-millionaire Scott Shearman is not found to be binding.

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Queensland judges warned against using AI for rulings
AI 2025-09-17 11:57 pm By Cindy Cameronne

Releasing guidelines for the use of generative artificial intelligence, the Queensland court system has this week cautioned judges against the use of AI tools for decision-making. 

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IP boutique Wrays snags lawyer from KWM to lead trade marks group
Business of Law 2025-09-17 11:25 pm By Cindy Cameronne

Intellectual property firm Wrays has lured a former special counsel at King & Wood Mallesons to join as the firm’s new head of trade marks. 

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Aristocrat in epic win that clarifies law on computer-implemented patents
Intellectual Property 2025-09-16 10:09 am By Cindy Cameronne

Gaming giant Aristocrat has won its battle against a decision revoking four innovation patents covering its popular Lightning Links poker machine, in a major decision that clarifies the patentability of computer-implemented ideas.

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Social media platforms won’t have to verify age of all users, eSafety says
Social Media 2025-09-16 11:23 pm By Cindy Cameronne

The eSafety commissioner has said it will take a “principles-based approach” to the government’s plan to ban social media ban for children under 16, saying platforms will not be required to verify the ages of all users. 

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Ruby Princess class action applicant wants $8M in costs from Carnival
Class Actions 2025-09-16 11:55 pm By Cindy Cameronne

The applicant in a class action over a COVID-19 outbreak aboard the Ruby Princess is seeking an $8 million costs order against Carnival, after the cruise ship operator lost its challenge to a negligence finding.

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ANZ agrees to $240M in fines for ‘widespread misconduct’
ASIC 2025-09-15 2:44 pm By Cindy Cameronne

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. 

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