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Declassing orders must be ‘all or nothing’, court told in breast implants class action
Class Actions 2023-06-08 11:25 pm By Cindy Cameronne

A declassing bid by nine doctors in a class action on behalf of women allegedly injured by a one-size-fits-all approach to breast implant surgeries must apply to the entire proceeding, not just the claims against them, a court has heard.

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Destination High Court as law firm lodges fourth Downer EDI class action
Class Actions 2023-06-07 11:23 pm By Sam Matthews

Multiple class actions against Downer EDI over accounting irregularities might be bound for the High Court as complex legal questions swirl, a judge said on Wednesday.

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Hyundai, Kia can’t inspect vehicles at centre of class actions
Class Actions 2023-06-07 11:11 pm By Sam Matthews

A judge overseeing class actions against car makers Hyundai and Kia over alleged engine defects has dismissed the carmakers’ bid to inspect the lead applicants’ vehicles before defences are filed in the proceedings.

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ATO denies telling tax board to wind back PwC leak inquiry
Tax 2023-06-07 11:30 pm By Cindy Cameronne

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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CBA hit with $3.55M penalty for ‘alarming’ spam breaches
CBA 2023-06-07 4:58 pm By Gareth Baker

Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.

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Clive Palmer can’t quash CITIC subpoenas over sale of nickel refinery in $1.8B case
Energy & Natural Resources 2023-06-07 11:56 pm By Gareth Baker

Mining magnate Clive Palmer and his company Mineralogy have lost a bid to block subpoenas asking their advisors to hand over information regarding the sale of Townville’s Yabulu nickel and cobalt refinery, as part of a $1.8 billion fight over the value of the site.   

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ANZ lashes rival’s ‘distorted’ arguments in final push for $4.9B Suncorp deal
Competition & Consumer Protection 2023-06-07 5:05 pm By Gareth Baker

ANZ has rubbished arguments from a competitor and the ACCC that its merger with Suncorp’s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a “distorted and selective view” of the proposal.

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ASIC, NAB clash over $10M penalty exposes ‘vague status’ of concise claims, judge says
Financial Services 2023-06-06 3:53 pm By Sam Matthews

NAB has told a court it should pay a $2 million penalty — not the $10 million proposed by ASIC  — for engaging in unconscionable conduct by overcharging customers, saying the exact words used in the regulator’s concise statement accuse it only of a single contravention.

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Restaurant chain Fogo Brazilia, law practice face franchisee class action
Class Actions 2023-06-06 3:50 pm By Cindy Cameronne

Restaurant chain Fogo Brazilia is facing a class action alleging it misled franchisees about the profitability of its businesses, with business owners also making claims against an employment law practice that drafted the franchise agreements.

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