ASIC has confirmed it is investigating at least one ratings house which said Keystone’s failed Shield Master Fund was of ‘investment grade’, as the corporate watchdog seeks to claw back $480 million in investor funds.
Releasing guidelines for the use of generative artificial intelligence, the Queensland court system has this week cautioned judges against the use of AI tools for decision-making.
The federal government has announced its plan to reduce emissions by between 62 and 70 per cent on 2005 levels by 2035, a target the Climate Council has described as “timid”.
The applicant in a class action over a COVID-19 outbreak aboard the Ruby Princess is seeking an $8 million costs order against Carnival, after the cruise ship operator lost its challenge to a negligence finding.
Another judge has railed against the use of generative AI in court proceedings, after a self-represented litigant filed an application to annul his bankruptcy that was replete with fake citations.
An activist group has asked the High Court to overturn a decision finding it does not own the copyright for grim footage secretly obtained by trespassing at a Victorian slaughterhouse, arguing the case has consequences for press freedoms.
The liquidator of a company created to invest in an Adelaide building has failed in a High Court bid to reinstate a finding that the mortgage over the property was an unreasonable director-related transaction.
Australian Retirement Trust, a superannuation fund which manages over $350 billion in retirement savings, will sink nearly $1 billion into a Macquarie fund that’s investing in solar, wind and energy storage projects.
Climate investment firm Wollemi Capital has closed the acquisition of MPower, a transaction that will pave the way for a $100 million pipeline of renewable energy projects.
The High Court has been asked to clarify the jurisdictional reach of the Victoria Supreme Court to hear planning disputes, in a spat between the state and supermarket operator IGA.