Companies

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. 

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.

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.

Pinsent Masons has lured a PwC partner to bolster its energy offering in Melbourne.

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. 

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.

A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant's costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.

A judge has put off deciding what damages group members are owed in two class actions against Apple and Google after finding the tech companies engaged in anti-competitive conduct in the app marketplace.

Woodside has won government approval for the 40-year extension of its North West Shelf project, subject to conditions that include protecting the World Heritage listed Murujuga rock art.

Mining giant BHP and its in-house labour hire subsidiary have failed in their Federal Court bid to stay same job, same pay orders by the Fair Work Commission ahead of an appeal.