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The corporate regulator is on a winning streak in its greenwashing cases, with a judge rejecting Active Super's attempt to qualify its “unequivocal” statements about limiting its investment in companies connected to gambling and coal mining.
Industrial technology company Delta Building Automation has been hit with a $1.5 million penalty after it was found liable for attempting to rig a bid for construction work on the National Gallery of Australia, a penalty five times the sum it asked the court to impose.
A judge has thrown out a self-represented customer’s lawsuit against non-bank lender Latitude Financial after he defaulted on court orders and refused to join tech giants DXC Technology and Crowdstrike to his case over a cyberattack that compromised 14 million customer records.
A judge has ordered Sydney coffee shop chain 85 Degrees to pay a $1.44 million penalty for underpayments by its franchisees, saying it cannot be seen as acceptable for franchisors to “turn a blind eye” to contraventions by franchisees.
A judge has excused cryptocurrency product provider Block Earner from paying a penalty in a case brought by ASIC, despite finding it provided a financial product without a licence, because it obtained legal advice and genuinely believed it was not breaching the law.
The Australian Energy Regulator has secured a $2.75 million penalty in a case against oil and gas company Santos alleging record-keeping failures in breach of the National Gas Rules.
The Fair Work Commission has found in favour of a union in its bid to keep an email containing legal advice confidential amid a stoush with Peabody Energy and other mining companies over a proposed multi-enterprise agreement.
ASIC has argued a recent ruling that found Noumi waived privilege over a PwC report by providing it to the regulator could dissuade people from voluntarily disclosing information during investigations and cause a “loss of public benefit” if allowed to stand.
The Australian Prudential Regulation Authority has slapped additional licence conditions on Mercer Superannuation after the prudential regulator identified deficiencies in risk and compliance management by the trustee, which oversees a super fund holding $70 billion of members' money.
Noumi and ASIC are challenging a finding that the food manufacturer waived legal professional privilege over a PricewaterhouseCoopers report commissioned by its lawyers at Ashurst by disclosing the report during an ASIC investigation.