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Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they should be “consigned to the dustbin of procedural history.”
General counsel latest to be charged over G8 scandal
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A general counsel and a board member of a company linked to embattled G8 Education head Jennifer Joan Hutson are the latest to be charged over the childcare operator’s failed takeover bid for a rival.
Legislation that would have blocked CFMEU merger not dead, MP says
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The Turnbull government will continue to pursue legislation that would have blocked the merger of the Construction, Forestry and Energy Union with two other unions by submitting the amalgamation to a public interests test.
ANZ to pay $3M after ASIC probe
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Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to wealth management customers that paid for the service.
NBN’s viability in doubt, ACCC says in final communications report
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The Australian consumer regulator has questioned the long-term commercial viability of the NBN, saying consumers may lose their appetite for increased broadband speeds when the network’s prices go up.
Privacy Commissioner opens probe into Facebook
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The Privacy Commissioner on Thursday opened an investigation of Facebook on the heels of confirmation by the social media giant that the data of over 300,000 Australian users may have been improperly harvested.
ACCC’s Sims compares big four banks to synchronised swimming
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The head of the Australian Competition and Consumer Commission said Thursday that when it comes to mortgage prices, the behaviour of Australia’s big four banks looks more like synchronised swimming than vigorous competition.
Nationwide looks to appeal Geoffrey Rush defamation ruling
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Nationwide News has moved to appeal after a ruling in a closely-watched defamation case by actor Geoffrey Rush that struck down one of Nationwide’s key defences.
Japanese shipping co. pleads guilty in global cartel case
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Japan-based global shipper K-Line has pled guilty to its role in a criminal cartel, the second company to admit guilt in Australia in the case.
High Court urged to make Amaca pay for lost super, age pension
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There is nothing novel about a dying mesothelioma sufferer seeking damages for the loss of 17 years’ of superannuation and the age pension, the High Court has been told ahead of an expedited hearing on the question of whether the benefits count as compensable loss of earnings in tort cases.