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Bank of Queensland hit with first-ever penalty for Consumer Data Right breaches
Privacy & Cybersecurity 2022-07-13 2:11 pm By Sam Matthews

Bank of Queensland is the first bank to be caught for alleged breaches under the new Consumer Data Right scheme, paying a $133,200 penalty. The […]

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Griffin Coal convicted of violating financial reporting obligations
Energy & Natural Resources 2022-07-13 11:12 pm By Sam Matthews

Embattled mining company Griffin Coal has copped a $4,000 fine after being convicted of failing to meet its financial reporting and officeholder requirements. The mining […]

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Red Telecom hit with $450,000 penalty for failing to pay customers
Telecommunications 2022-07-13 3:30 pm By Sam Matthews

A judge has ordered a defunct telecommunications company to pay $450,000 in penalties for flouting orders requiring it to pay out over $63,000 to its […]

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ASIC seeks $15M penalty against GetSwift after ‘unprecedented’ offshore move
Securities 2022-07-12 11:01 pm By Cindy Cameronne

ASIC has called for a $15 million penalty against GetSwift and 12-year bans against its directors, who moved the logistics company overseas as the regulator’s […]

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Bunnings, Kmart face investigation over use of facial recognition technology
Privacy & Cybersecurity 2022-07-12 10:21 pm By Cat Fredenburgh

Retail giants Bunnings and Kmart are facing an investigation by the country’s privacy regulator for using facial recognition technology in their stores. “The Office of […]

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Life insurer Select AFSL used unconscionable phone sales tactics, court finds
Insurance 2022-07-11 2:25 pm By Cindy Cameronne

Insurer Select AFSL acted unconscionably when selling life, funeral and accidental injury insurance over the phone, a court has found in a case brought by […]

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ASIC hits $1 billion ‘licensee for hire’ firm with court proceedings
Financial Services 2022-07-07 1:13 pm By Cindy Cameronne

The Australian Securities and Investments Commission has filed civil penalty proceedings against advisory firm Lanterne Fund Services, alleging it ran a “wholly deficient business”. ASIC […]

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Dow’s vapor-drift fighting herbicide patent not new, IP Australia finds in win for Nufarm 
Intellectual Property 2022-07-07 4:41 pm By Christine Caulfield

Nufarm Australia has successfully challenged a herbicide patent application by Dow Agrosciences’ successor on the grounds that the invention – aimed at limiting the worldwide […]

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Zeller locked in trade mark battle with finfluencer Victoria Devine
Intellectual Property 2022-07-06 11:45 pm By Cat Fredenburgh

Fintech startup Zeller Technologies has taken millennial financial adviser Victoria Devine to court after she succeeded in quashing its application to trade mark the word […]

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Judge approves $4.7M Quintis class action settlement
Class Actions 2022-07-01 10:37 pm By Cat Fredenburgh

A judge has signed off on a $4.7 million settlement in two investor class actions against collapsed sandalwood producer Quintis, two year after an earlier […]

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