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IOOF unit settles ASIC’s cybersecurity test case
IOOF unit RI Advice has agreed to settle novel proceedings brought by the Australian Securities and Investments Commission claiming it failed to protect its clients against cybersecurity risks.
Commissioner with frequent flyer card won’t recuse himself from Virgin vaccine challenge
Fair Work Commissioner Nick Wilson has dismissed a recusal bid by nine former Virgin employees who argued his frequent flyer membership with the airline meant he was unable to hear their cases.
ASIC suspends Dixon Advisory’s financial services licence
In yet another blow for the embattled wealth manager, the Australian Securities and Investments Commission has suspended Dixon Advisory's financial services licence.
Judge erred in finding AI can be patent inventor, Full Court says
The Full Court has overturned a landmark judgment which found artificial intelligence can be named as an inventor on patent applications, in a decision which brings Australia in line with findings from courts in the UK, US and EU.
Aurizon wins share capital dispute over $4.4B loan during 2010 float
Rail freight operator Aurizon has triumphed in a tax dispute with the ATO, with a court finding that credit for a $4.4 billion loan by the Queensland government made during an initial public offering in 2010 was share capital despite no shares being issued to the state government.
ACCC appeals ruling over Mazda’s ‘appalling’ customer service
The consumer watchdog is challenging a court ruling that found Mazda's treatment of customers with defective vehicles was "appalling" but did not amount to unconscionable conduct.
ACCC asked to investigate Qantas flight redemption scheme
The Australian Competition and Consumer Commission has been asked to investigate Qantas' "unworkable" flight credit redemption scheme, which consumer group Choice says places unreasonable hurdles in the way of travellers trying to get a refund or redeem vouchers.
‘Most expensive silk in Australia’: ASIC to argue ex-Tennis Australia boss must pay for ‘luxuries’
Almost half of the $3 million in legal costs incurred by former Tennis Australia president Steven Healy in successfully defending against the regulator's case over the broadcast rights to the Open were for "luxuries of litigation" that he should pay for himself, ASIC has told a court.
Melissa Caddick’s parents say receivers not entitled to Edgecliff home
The parents of Sydney fraudster Melissa Caddick have staked their claim over her $2.6 million Edgecliff home, which they say they have lived in since 2017 according to a binding agreement with their daughter.
Former lead auditor of Big Un charged with making false statement
Another auditor has landed in hot water over collapsed video company Big Un’s 2017 independent audit, with the lead accountant charged with making a false or misleading statement.