Companies

A senator has slammed companies for abusing legal professional privilege, after hearing that KPMG has refused to hand over documents in an ASIC investigation into misuse of client information by KPMG auditors.

ASIC is investigating Corporate Travel Management and its auditor PwC, after the travel management company said it would reverse $220 million in revenue after a review found it had overcharged customers. 

Woolworths has told a judge in an underpayments class action where its remediation costs could stretch to $330 million that sending a notice to group members reminding them to keep records would be “premature and potentially misleading”. 

Saint Gobain-owned CSR has been ordered to produce monthly performance reports for four of its business units and its building products division, in a competition case by insulation distributor Consolidated Energy.

ANZ's New Zealand unit is appealing its loss in a class action alleging it failed to repay fees and interest wrongly charged to customers who took out home or personal loans.

In the first suit of its kind, the ACCC has taken Amazon Australia to court, alleging children’s backpacks for sale on its online marketplace through a third-party seller do not comply with mandatory button battery rules.

Star's former group general counsel has told a judge she should not have to pay a $1.1 million fine for breaching her directors duties because she has suffered “extra-curial detriment” that includes unemployment. 

Saint Gobain-owned CSR has been ordered to hand over monthly performance reports for four business units and its building products division, in a misuse of market power case by insulation distributor Consolidated Energy.

A class action against developer Mulpha Norwest and the Penrith City Council over a 683-lot development in Glenmore Park will include secondary and tertiary purchasers, a court has heard.

An ASX statement from budget airline Rex that was optimistic about its 2023 profit prospects should have been corrected by April, ASIC has told a judge, disputing claims that the statement was not a forecast but merely an expression of what the board hoped for.