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Fiducian hit with $7.3M penalty over misleading ESG claims
Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
Construction PRO
High Court asked to weigh in on ‘draconian’ SOPA regime
The developer behind the rebranding of the Seasons of Perth hotel wants the High Court to weigh in on Western Australia's security of payment laws, in a case it says goes to the heart of the biggest issue confronting Australia's administrative law.
Construction PRO
Stellar boss hits back at Valmorbida’s easement claim on Sorrento property
The co-founder of failed property group Stellar says his prominent Morninton Pensinsula neighbour has identified no reason why he should be bound by the previous owner's acquiescence to her use of a driveway on his land.
Top judge says fear of AI keeps him up at night
Human experience must remain central to judicial decision-making, a top judge has warned, even as he acknowledged that artificial intelligence was just as capable as civil law judges of fair adjudication.
South Australia to conduct royal commission into AI
South Australian Premier Peter Malinauskus has announced the government will conduct a royal commission into artificial intelligence, just days after signing a memorandum of understanding with OpenAI.
Sparke Helmore teams up to launch AI firm for government clients
Law firm Sparke Helmore has teamed up with tech services company Adaca to launch an AI firm for government clients, promising a "unique combination of legal and technical assurance".
Construction PRO
Macquarie teams up with Singaporean fund on data centres for Anthropic
Macquarie Asset Management is partnering with Anthropic and Singaporean sovereign wealth fund GIC on data centre infrastructure, with the partnership to initially focus on data centres in the US.
Judge champions class actions to the last, calls for ‘big hearts’ on bench
A retiring Federal Court judge has defended the class action regime he helped to shape, telling colleagues and practitioners in his farewell speech that the jurisdiction was in its "Goldilocks moment".
Meta glasses may be target of next phase of privacy reforms
The government is mulling stronger privacy laws to deal with emerging technologies like smart glasses, with the OAIC saying it was giving "serious consideration" to the privacy issues raised by the glasses, most of which are made by Meta.
Construction PRO
Firmus secures $2.8B equity commitment to speed data centre rollout
Firmus has secured $2.8 billion in equity commitments to speed the rollout of its data centres across Australia, as the AI data centre start-up preps for a debut on the ASX later this year.