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Online trader shut down following ASIC probe into ‘concerning consumer losses’
Financial Services 2022-07-14 9:58 pm By Sam Matthews

Online trading platform Trade360 will close shop at the end of the month, following an ASIC investigation that found its representatives at an offshore call centre provided personal advice to clients which the company was not licensed to give.

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Boston Scientific to pay $105M in class action over pelvic mesh devices
Class Actions 2022-07-13 1:19 pm By Christine Caulfield

US medical device maker Boston Scientific has agreed to pay $105 million to settle a class action on behalf of Australian women implanted with one or more of the company’s pelvic mesh or sling products.

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Class action over COVID-19 jab mandate ‘legally misconceived’, judge says
COVID-19 2022-07-13 5:47 pm By Sam Matthews

A judge has dismissed a proceeding against the New South Wales government over a mandate requiring healthcare workers to be vaccinated against COVID-19, saying the applicant’s constitutional case was “legally misconceived and must be rejected.”

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Bank of Queensland hit with first-ever penalty for Consumer Data Right breaches
Privacy & Cybersecurity 2022-07-13 2:11 pm By Sam Matthews

Bank of Queensland is the first bank to be caught for alleged breaches under the new Consumer Data Right scheme, paying a $133,200 penalty.

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Judge asked by appeals court to explain damages in trade secrets spat
Employment 2022-07-13 11:33 pm By Christine Caulfield

An appeals court has returned a case to a judge it said did not give sufficient reasons for awarding damages in a case brought by flooring company Evagroup against a sales manager who left to launch a competing business.

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Griffin Coal convicted of violating financial reporting obligations
Energy & Natural Resources 2022-07-13 11:12 pm By Sam Matthews

Embattled mining company Griffin Coal has copped a $4,000 fine after being convicted of failing to meet its financial reporting and officeholder requirements.

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Judge questions if Tiwi Islanders disqualified from challenging Santos drill plan
Energy & Natural Resources 2022-07-13 10:33 pm By Cindy Cameronne

A judge has questioned whether Tiwi Islanders’ delay in filing an application to stop Santos from beginning drilling on an offshore gas project this month may have doomed the bid.

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Red Telecom hit with $450,000 penalty for failing to pay customers
Telecommunications 2022-07-13 3:30 pm By Sam Matthews

A judge has ordered a defunct telecommunications company to pay $450,000 in penalties for flouting orders requiring it to pay out over $63,000 to its customers.

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ASIC seeks $15M penalty against GetSwift after ‘unprecedented’ offshore move
Securities 2022-07-12 11:01 pm By Cindy Cameronne

ASIC has called for a $15 million penalty against GetSwift and 12-year bans against its directors, who moved the logistics company overseas as the regulator’s enforcement action was on foot, a move the court on Tuesday said was “unprecedented”.

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Investment manager for Kahlbetzer family sacked after pregnancy announcement: lawsuit
Employment 2022-07-12 4:41 pm By Sam Matthews

An investment consultant at Kahlbetzer family investment vehicle Twynam Investments has filed a lawsuit alleging she was sacked over the phone a month after telling the company she was planning for a baby.

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