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AMP has hit back against claims in the first of multiple class actions it faces, saying its practice of charging fees for no service did not warrant disclosure to shareholders. And despite sacking its GC for the extent of his exchanges with Clayton Utz over a report into the practice, the company now says the number of interactions was exaggerated.
TransUrban on Monday submitted its bid for a 51 percent stake in the $16.8 billion WestConnex project being sold by the NSW Government, despite the ACCC's delay in signing off on the deal after expressing concerns it might hinder competition.
Entertainment industry titans Sony Music Entertainment, Universal Music and Warner Music have joined an appeal to the Full Federal Court challenging a licence granted by the Copyright Tribunal of Australia to Foxtel for the rights to certain yet-to-be-broadcast content and streaming rights.
A former executive of hospital operator Healthe Care Pty has been charged with three counts of insider trading, the Australian Securities and Investments Commission said Monday.
A tribunal has set aside a life-long ban of a successful former ANZ financial advisor accused by ASIC of lying about his qualifications, saying the advisor's "insight into his own behavior" had changed.
International real estate franchisor Re/Max is close to settling a trade mark case it brought against competitor Resimax, a Federal Court judge has heard.
Japanese retail store Daiso has been fined $355,000 for selling dangerous products, including projectile toys, that did not comply with Australian safety standards.
Macquarie Bank has been hit with a third lawsuit by financial advisers alleging the bank broke the law by paying them solely in commissions, this one by a dozen Brisbane-based advisers seeking more than $3.25 million in regular wages.
The Australian Competition and Consumer Commission has accepted the need for expanded fair use copyright exemptions but warned applying one of the existing fairness factors more broadly could hinder innovation and increase investment costs.
Boutique law firm Kalus Kenny Intelex has escaped contempt of court charges sought by the corporate watchdog alleging it breached orders freezing the assets of clients allegedly involved in a binary options scam.