Pointing to Westpac’s progress in risk governance since it was targeted by AUSTRAC for systemic failures five years ago, the prudential watchdog has said it will halve a $1 billion capital requirement.
Preemptive action brought by Rebel Sports owner Super Retail Group against lawyers acting for the retailer’s employees in a proposed $50 million lawsuit seeks court orders concealing information expected to be filed in the case.
Telstra has been hit with a $1.5 million penalty from the communications regulator for failing to perform the requisite costumer ID authentication on over 150,000 “high-risk” interactions, such as SIM card swaps.
Citing a wish to focus on tax, KPMG Australia will restructure its business and shut down its separate commercial law practice, making around 30 roles redundant.
Aristocrat Leisure has hit back at a class action over its allegedly illegal ‘social casino’ apps, saying that playing is optional and that the lead applicant should have deleted the games.
Rebel Sports owner Super Retail Group has filed court action against solicitors at Harmers Workplace Lawyers and the employment firm’s external media strategist, after revealing it faced a potential $50 million lawsuit by the firm on behalf of the retailer’s employees.
Mills Oakley has lured a founding partner of Hamilton Locke and an environmental, social and governance lead from KPMG to join its Sydney team.
Group members in a class action against ANZ over credit card interest charges that settled for $57.5 million are expected to take home at least 60 per cent of the settlement sum after legal fees and a funder’s commission are deducted.
Former Seven News reporter Robert Ovadia has filed a complaint with the Fair Work Commission over his sacking, which alleges the intentional infliction of harm by the network and its news director.
Telstra has been reprimanded by ACMA after the communications regulator found the silent numbers of more than 140,000 customers — including domestic violence victims — were made public.