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ASIC launches formal investigation into KPMG as scandal deepens
ASIC has told a senate estimates committee that it is now formally investigating KPMG in the wake of allegations the firm misused client data. 
Director of CHESS replacement tech partner gave ASX ‘assurance’ about timeline, court told
A judge has allowed the US-based director of a New York tech company to give evidence by video link in ASIC’s case against the ASX over its CHESS replacement project, with the exchange claiming he gave an assurance’ about the timeline for the project to its former CEO. 
Judge says Kmart class action so light on details he ‘couldn’t understand it’
An underpayments class action against Kmart on behalf of salaried managers will go back to the drawing board after a judge said the statement of claim was “so bereft of detail” that he "couldn't understand it”.
Rebel Wilson can file evidence on conduct since release of ‘The Deb’
Actress Rebel Wilson has won court approval to file additional evidence about her conduct since the release of 'The Deb' in proceedings brought by production company AI Film.
‘Unsatisfactory’: Judge not impressed by Mastercard’s witnesses at trial
The trial judge in enforcement action against Mastercard had harsh words Thursday about the company's witnesses, including a top executive whose testimony he said was "most unsatisfactory and unimpressive".
Optus class action can intervene in ACMA, OAIC proceedings
A class action against Optus over a 2022 data breach that affected 10 million customers has won leave to intervene in parallel cases by the media authority and information commissioner.
Keystone director must hand over books, bank statements
Former Keystone Asset Management director Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.
Construction PRO
Perth Airport appeals finding it misled United Petroleum with Qantas promises
The operator of Perth Airport has filed an appeal after United Petroleum won its case alleging it was induced to enter into a $900,000 lease and construction agreement with promises of redevelopment at the site.
Zara, H&M, Sephora pay $596,000 for late financial reports
ASIC is continuing its crackdown on tardy financial reports, slapping the companies that operate Zara, H&M and Sephora with a combined $596,000 in infringement notices for not filing their reports on time.
Mastercard tells trial judge it took legal advice over merchant deals
Mastercard argued Wednesday it relied on legal advice in drafting alleged anti-competitive deals with major retailers, as the judge questioned the reliability of some witnesses for the payments giant, who recalled "virtually nothing".