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The government is seeking submissions for a review of widely criticised Morrison-era reforms that weakened continuous disclosure obligations, but the review may be hampered by the lack of case studies from the courts.
A new report shows lawyers are already managing the risks of unknowingly facilitating money laundering and don't need to be subjected to “an extreme, disproportional and potentially damaging AML/CTF regime”, according to the Law Council of Australia.
The Albanese government has recommended an overhaul of Australia's privacy laws that would give individuals a private right to sue for privacy violations, create a positive obligation for the 'fair and reasonable' handling of personal information and lift the current exemption for small businesses.
An independent investigation commenced in the wake of PwC's tax leaks scandal has taken the firm to task for its “whatever it takes” growth strategy and “overly collegial” culture, which discouraged constructive criticism.
The Albanese government has unveiled its latest industrial relations bill to set minimum conditions for the gig economy and empower the workplace umpire to order equal pay for labour hire workers.
Star Entertainment coughed up $595 million in regulatory and legal costs in the 2023 financial year, as it faces ongoing disputes with ASIC and AUSTRAC and an $80 million class action.
A self-represented aged pensioner has lost his bid to revive a class action against the Department of Social Services over its real estate asset testing for pensions, with a judge saying that a legal practitioner must represent group members.
The federal government has announced a new competition taskforce supported by a former ACCC chair that will look into reforms of the country's merger laws, market concentration and non-compete employee clauses.
The Australian Competition and Consumer Commission has released guidelines to help businesses avoid greenwashing and greenhushing, calling on general counsel to avoid broad terms like ‘sustainable’ and ensure businesses have research to back up green claims.