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Maurice Blackburn CEO says firms could be replaced by AI if they don’t cut costs
The CEO of Maurice Blackburn has warned that unless law firms make their legal services more affordable, litigants using AI chatbots could disrupt the profession.
Visy, other Pratt companies pay $4M for alleged late financial reports
Paper giant Visy Industries and 20 other companies in the Pratt group have paid $4.158 million in fines for allegedly failing to lodge 2024/205 financial reports on time.
ACCC warns businesses about ‘net zero’, carbon credit claims
The ACCC has released guidance on how businesses can avoid greenwashing, warning that using broad terms like 'net zero' or relying on carbon credits could create a misleading impression.
Labor mulls individual right to sue under digital duty of care
Communication minister Anika Wells has said the government is considering adding an individual right to sue under legislation tabled this week that introduces a digital duty of care.
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Macquarie, ResetData say AI sovereignty means more than data centres
AI infrastructure companies have warned that Australia has defined AI sovereignty “too narrowly” and called for the government to support Australian providers across the technology stack, beyond data centres.
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Australian AI companies to lose out from regulation, committee hears
A professor and a cloud service provider have warned that tougher laws on AI could make it harder for Australian AI companies to compete against international rivals.
OpenAI sorry for breach, says open to mandatory reporting laws
OpenAI has fronted a joint committee hearing into artificial intelligence in Australia after one of its AI models gained non-public access to Medicare's site, apologising for the breach and backing legislation that would make reporting of such incidents mandatory. 
AI firms push opt-out proposal, media calls it ‘unworkable’
Pushing an opt-out system that would enable use of copyright-protected content, artifical intelligence giant Anthropic has told a parliamentary committee Australia needed to "seize" the AI golden goose, while media organisations said an opt-out would be unworkable. 
Class action targets NSW over $144M in unlawful merchant fees
The NSW government has been hit with a class action alleging it ignored legal advice that merchant fees charged to residents on transactions, which included drivers licence renewal payments and parks passes, were unlawful.
APRA to toughen trustee rules after $1B Shield, First Guardian failure
The Australian Prudential Regulation Authority has released a series of proposals to strengthen superannuation investment governance in the wake of the $1 billion collapse of investment funds Shield and First Guardian.