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‘Who is looking at them?’: ASIC chair calls for regulation of Big 4
In her first speech as chair of ASIC, Sarah Court has called for regulation of Big 4 accounting firms in the wake of the KPMG whistleblower scandal and warned the collapse of property developer Bathla may be the “first significant crack” in the private credit market.
Class action settles with CBA for $249M, won’t get to test novel theory
Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.
Judge suggests hearing GCO bid in J&J class action after defence
A judge has suggested there may be merit in waiting for Johnson & Johnson to file a defence before deciding an application for a group costs order in a class action accusing the company of selling defective, carcinogenic talcum powder.
Former discrimination commissioner to lead review into Western Power
Western Power has hired the former Sex Discrimination Commissioner to lead a review into its workplace culture and safety, as MinterEllison investigates claims that employees provided character references for a former manager convicted of raping a colleague. 
Judge ‘can’t understand’ class action’s damages case over Coles discounts
A judge is confused by a class action’s case for damages against Coles, after he found that the supermarket chain misled consumers through its 'Down Down' discount campaign. 
Arrium ex-chairman denies $400K share purchase to show ‘brave face’
The former chairman of collapsed Arrium has denied that his purchase of 750,000 shares was aimed at showing confidence in the company, attributing his purchase to a personal policy. 
McDonald’s franchisees need to ‘fish or cut bait’ in class action, judge says
McDonald’s franchisees named in an underpayments class action over alleged unpaid pre and post-shift work by managers need to decide by the end of the year whether they wish to be bound by agreed facts for the initial trial, a judge has said.
Construction PRO
Ingenia, Peet to merge into $2.4B living sector giant
Ingenia Communities has entered into an agreement to acquire land developer Peet, creating a real estate giant valued at $2.4 billion.