Super fund Cbus has made admissions in the corporate regulator’s case over long delays in the processing of $20 million in death and disability claims, with the action to progress directly to penalty.
Warning of the propensity for major events procurement to attract cartel conduct, the competition regulator is encouraging the Queensland government to share data on bids for Brisbane Olympics projects.
A judge did not need to recuse himself from deciding the penalty in ASIC’s case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.
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.
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.
Jayco must spell out its claim that it explained the specific features of its recreational vehicles to customers, as part of its defence to an ACCC case over alleged misleading statements, a judge has said.
Super trustee Retail Employees Superannuation has paid two infringement notices after ASIC alleged it misled over 2,000 members after inadvertently activating insurance cover.
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.
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.
Cryptocurrency exchanges will be required to hold an Australian Financial Services Licence under proposed legislation announced by assistant treasurer Dr Daniel Mulino.