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Westpac and two of its subsidiaries have been hit with a $1.5 million penalty by the Australian Prudential Regulation Authority for failing to meet their reporting obligations.
The Australian Competition and Consumer Commission has raised concerns about a proposed acquisition by Canadian dairy producer Saputo of competitor Lion Dairy's cheese processing plants, saying the deal could substantially lessen competition in Tasmania.
Construction giant Lendlease has filed its defence in one of two shareholder class actions filed against it, saying any losses investors allegedly suffered were wholly or partly due to their own failure to take reasonable care.
The Australian Competition and Consumer Commission has won its bid for a year's worth of financial statements from Viagogo, after successfully arguing the online ticket reseller's financial position was needed to determine an appropriate penalty for its violations of the Australian Consumer Law.
Online healthcare platform HealthEngine is facing legal action by the Australian Competition and Consumer Commission, accused of hiding 17,000 negative reviews, altering thousands of other reviews and selling patient's personal data to insurers.
The Australian Energy Regulator has launched legal action against energy giant AGL and three wind farm subsidiaries over a statewide blackout in South Australia three years ago.
The Full Federal Court has dismissed two appeals by convicted land mogul Allen Caratti seeking to prevent liquidators of five of his companies from obtaining documents seized in two 2015 raids by the Australian Federal Police.
The plaintiffs in The Cosmetic Institute class action over allegedly botched breast implants will argue a former director of the company was the mastermind behind the ‘one size fits all’ business model, after the business went into liquidation and stopped participating in litigation.
National Australia Bank and the director of the collapsed Walton Construction face a possible lawsuit over more than $70 million in claims after the Federal Court gave the greenlight to the appointment of a special purpose liquidator to pursue the case.
The former partner of Westpac-backed venture capital firm Reinventure Group has been ordered to appoint an independent valuer to clarify the claimed loss against her former employer before the parties enter mediation.