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The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers.
The Australian Competition and Consumer Commission has appointed the NSW government’s former chief data scientist as a commissioner, adding experience in AI as the regulator eyes a more data-driven approach.
A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.
Delta Power & Energy, the owner of the Vales Point coal-fired power station in NSW, will defend ASIC proceedings accusing it of manipulating the market for electricity futures contracts by arguing that it acted honestly.
The Fair Work Commission has ordered labour hire firm Adecco to reinstate a pregnant worker who was unfairly dismissed from her role at an Amazon warehouse in Sydney after disclosing that she was seven weeks pregnant.
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were "very significant".
A judge has ordered that a $5 million penalty ASIC won against Noumi be made available for distribution to group members in a class action against the food giant, on top of a $43 million settlement.
Facebook owner Meta has argued the Australian Competition and Consumer Commission has “misallocated responsibility” in its three-year-old case over scam cryptocurrency ads on the social media platform.
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees.
An umpire has lost his unfair dismissal claim against the Australian Football League after he was accused of wrestling, man-handling and frog-marching a member of the public off the field.