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ACCC, NSW join forces to clamp down on supplier bid-rigging
The competition regulator has reached a data-sharing agreement with NSW to combat bid rigging on state contracts worth a total of $42 billion annually, in a partnership that will deploy AI to find potential cartel culprits.
Construction PRO
Quasar Constructions liquidator wins fresh asset disclosure orders
An entity associated with the director of defunct Sydney builder Quasar Constructions has failed to hand over details about its assets to liquidators, prompting further orders with a warning from the court.
Construction PRO
Hall & Wilcox hits back at Hastie liquidator’s claim over $18M bill
Hall & Wilcox has struck back at proceedings by the liquidators for collapsed construction group Hastie, saying they have failed to specify why its $18.6 million legal bill incurred in suing two dozen builders is unreasonable.
Optus reports another Triple Zero outage
Optus has suffered another Triple Zero outage, just over a week after a 13-hour outage across three states that was linked to the deaths of three people.
Australian Clinical Labs agrees to $5.8M penalty over data breach
In the first penalty to be handed down for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has agreed to cop a $5.8 million fine over a 2022 data breach that compromised the personal information of 223,000 customers of its Medlab business.
Government to require crypto exchanges to hold financial services licence
Cryptocurrency exchanges will be required to hold an Australian Financial Services Licence under proposed legislation announced by assistant treasurer Dr Daniel Mulino.
Telstra reaches settlement with ACCC in case over Belong speeds
Telstra has reached an agreement with the consumer regulator after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider, Belong.
In Google carriage fight appeal, Piper Alderman claims law firms’ cooperation anti-competitive
Piper Alderman claims a judge erred in finding there was no evidence that an agreement between Maurice Blackburn and Phi Finney McDonald to cooperate in running an ad tech class action against Google was struck for an anti-competitive purpose.
ASX tried to silence whistleblower, hide failures from RBA, lawsuit says
A former contractor at the ASX has alleged the securities exchange was "embarrassed" by governance failures relating to a $200 million technology modernisation program and sought to hide the issues from the Reserve Bank of Australia. 
Babcock & Brown liquidator settles all remaining shareholder claims
A judge has signed of on a settlement struck by the liquidator for failed financial services firm Babcock & Brown, which will resolve all remaining and future shareholder disputes, which have beleaguered the liquidator for 12 years.