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Latitude Finance fined $1.55M for spam violations
Privacy & Cybersecurity 2022-09-02 1:47 pm By Cat Fredenburgh

Latitude Finance has been hit with a $1.55 million penalty by the Australian Communications and Media Authority for breaching the Spam Act on more than 3 million occasions.

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iSignthis auditor Grant Thornton hit with criminal charges
Accounting 2022-09-01 11:23 pm By Sam Matthews

Grant Thornton and former director Bradley Taylor appeared in court Thursday, facing charges of failing to ensure the 2018 audit of fintech firm iSignthis was conducted in accordance with auditing standards.

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Perth Airport accuses Airservices Australia of PFAS contamination
Professional Negligence 2022-09-01 9:18 pm By Cindy Cameronne

The operator of Perth Airport has sued government-owned Airservices Australia for allegedly contaminating the airport’s groundwater, which flows into the Swan River, through the use of toxic firefighting foam.

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Crown could face $100M fine over blank cheque practices
Gaming 2022-09-01 10:08 pm By Cat Fredenburgh

Crown Resorts could be on the hook for a record $100 million fine after Victoria’s gambling regulator brought new disciplinary proceedings accusing the casino of allowing gamblers to exchange bank or blank cheques for gambling chips.

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Fuji Xerox, EY settle suit over $450M accounting scandal
Accounting 2022-09-01 11:44 pm By Sam Matthews

Fuji Xerox and Ernst & Young have settled a lawsuit over $450 million in alleged accounting irregularities that also ensnared an EY partner and two senior Fuji executives.

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G&S can’t shield emails about legal advice in suit over Mount Pleasant coal mine
Business of Law 2022-09-01 2:47 pm By Cindy Cameronne

Engineering services firm G&S has lost a bid to shield emails about “the need to obtain legal advice” in a $270 million dispute with the operator of a NSW open-cut coal mine.

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Fonterra wins challenge to patent for vegan dairy product
Intellectual Property 2022-09-01 11:21 pm By Sam Matthews

IP Australia has rejected the patent application of animal-free dairy and protein company Perfect Day, following a challenge by New Zealand dairy giant Fonterra.

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Snap Fitness franchisee loses COVID-19 coverage appeal, but ‘conformity clause’ debate still live
Insurance 2022-08-31 11:30 pm By Christine Caulfield

An appeals court has dismissed a challenge brought by a Snap Fitness franchisee to a ruling that found insurer Lloyd’s could rely on a conformity clause in its policy to deny business interruption coverage to the NSW gym for losses related to COVID-19.

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Booktopia to pay $6M to settle ACCC case over refunds policy
Competition & Consumer Protection 2022-08-31 11:39 pm By Christine Caulfield

Online book retailer Booktopia has agreed to a $6 million penalty to resolve action brought by the consumer regulator alleging its refund policy was misleading.

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Moore Stephens ex-partner barred from bringing all but one claim against former colleague
Corporate 2022-08-31 11:28 pm By Sam Matthews

A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.

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