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A judge has ordered soft class closure in a class action by Queensland police officers and staff over the COVID-19 vaccine, forcing group members to register for the case ahead of settlement talks.
In a new report, ASIC warns Australia risks losing ground to overseas competitors unless it provides more clarity on technologies like tokenised assets and AI, which the regulator said could shake up longstanding assumptions about intent and misconduct.
Construction PRO
In a High Court feud between Sorrento neighbors, the prominent Valmorbida family has argued an appeal by Stellar co-founder Simon Pitard and wife Sky would have to overturn longstanding doctrine on rights of long use in order to prevail.
Defence lawyers are bracing for a wave of class actions over companies’ use of generative artificial intelligence, with privacy, discrimination, consumer, product liability and shareholder claims expected.
The corporate regulator says platform super trustees are failing to monitor excessive advice fees, risky adviser behaviour and high-risk super switching, despite $1 billion in losses suffered by investors in the wake of the collapse of the Shield and First Guardian Master Funds.
A judge has signed off on an agreed $10.3 million penalty against Mercer Super for failing to inform ASIC about investigations into serious issues, after the judge requested more information on how the penalty had been arrived at.
The engineering firm behind the Kwinana energy transformation hub in Western Australia wants the High Court to hear a union's case alleging it fraudulently failed to disclose information to the Fair Work Commission.
A judge says a shareholder class action against IAG can add a new damages claim, despite the insurer arguing it was untethered from any contravention and “clearly bad in law”.
Construction PRO
Lendlease will sell its stake in the Keyton Retirement Living Trust to Aware Super for $525 million as the property giant looks to trim its debt.
Superannuation trustee Diversa is facing an investigating by the Australian Prudential Regulation Authority into its executive remuneration practices.