Financial Services
Ratings house faces ASIC investigation over Keystone fund
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.
Financial Services
ASIC in hotseat over inaction against ANZ execs after $240M settlement
ASIC's chair was grilled by members of parliament on Thursday over whether the regulator would take action against individuals within ANZ, after the bank agreed to pay $240 million in penalties for "widespread misconduct".
Competition & Consumer Protection
Employment Hero denies misusing Seek’s data to launch rival job list
Human resources company Employment Hero, which has accused Seek of abusing its dominance by cutting access to its platform, has rejected claims in the hiring giant's defence of misuse of candidate data.
Defamation
Brittany Higgins appeals $315,000 judgment in Reynolds defamation case
Former Liberal staffer Brittany Higgins is appealing a finding that she defamed Linda Reynolds in social media posts that implied the former Defence minister mishandled her rape allegations against ex-colleague Bruce Lehrmann.
Defamation
Higgins’ husband must pay $700K over ‘indefensible’ social media posts
The husband of former Liberal staffer Brittany Higgins has been ordered to pay over $700,000 in damages and costs to former senator Linda Reynolds over social media posts found to have defamed the politician.
Privacy & Cybersecurity
Kmart’s use of facial recognition tech breached privacy rules: OAIC
The privacy commissioner has found Kmart Australia breached privacy laws by using facial recognition technology in its stores to combat refund fraud, finding the privacy invasion was disproportionate.
ASIC
La Trobe Financial investment funds hit with ASIC stop orders
Products offered by La Trobe Financial Asset Management are the subject of interim stop orders by the corporate regulator, which claims the investment schemes are unsuitable for everyday investors.
Appeals
Pauline Hanson to fight credit findings in discrimination appeal
One Nation senator Pauline Hanson will dispute adverse credit findings made against her as part of her appeal of a judgment in a racial discrimination case by Greens senator Mehreen Faruqi.
Analysis
Jackpot for digital innovation as Full Court broadens test for what is patentable
It faced defeat at the Full Federal Court and encountered a deadlocked High Court, still Aristocrat persisted in its seven-year fight to get patent protection for the popular Lightning Link poker machine. The long game paid off.
AI
Queensland judges warned against using AI for rulings
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.
