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More than 38,000 retail investors have received nearly $40 million in refunds after an ASIC investigation found “widespread weaknesses” in how issuers of contracts for difference products comply with their obligations.
A court has largely set aside examination orders against executives and solicitors for oil and gas company Moreton Resources and MRV Metals, finding they were an abuse of process.
A judge has refused to bifurcate a dispute between Smart Trikes and Target over the supply and eventual recall of allegedly unsafe convertible strollers, finding any time and cost savings were likely to prove illusory.
An Administrative Review Tribunal has halved a six-year ban on a former United Global Capital financial advisor imposed by the Australian Securities and Investments Commission, calling the ban "excessive".
Social media companies have removed, deactivated or restricted about 4.7 million accounts belonging to children under 16 during the first month of the country's social media ban, according to the eSafety Commissioner.
Block Earner has told the High Court that its Earner product was never meant to generate a financial return for users, as the court mulls whether to overturn a ruling that found the cryptocurrency firm did not need a financial services licence.
The Full Federal Court has upheld a finding that the Royal Embassy of Saudi Arabia is not immune from unfair dismissal proceedings launched by over a dozen former workers.
One of the country's leading class action lawyers has left Jones Day for Thomson Geer, the third litigation partner to depart the US-based firm in recent months.
The online regulator wants more information from X Corp about the safeguards built into its AI feature Grok, after a reported increase in its use to create sexualised or exploitative imagery.
The University of NSW has been hit with a $211,200 penalty after admitting to "systemic" underpayments of casual staff at its business school.