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The corporate regulator has warned financial services and credit licensees to get ahead of the curve in regulating the use of AI, particularly in the face of novel risks that include algorithm bias.
Santos’ net zero plan ‘little more than speculation’, trial court told
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Santos’ plan to reach net zero greenhouse gas emissions by 2040 was “little more than a series of speculations”, a shareholder group has said on the first day of trial in a landmark greenwashing case.
S&P entitled to Rolls-Royce defence in CDO class action: court
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S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
Homes Victoria says recording reasons for tower demolition plan ‘superfluous’
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Homes Victoria says the decision to demolish public housing towers in Melbourne — now the subject of a class action — took residents’ human rights into account, but has no documents to show it.
Antoinette Lattouf claims ABC managing director, ex-chair involved in sacking
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Former radio host Antoinette Lattouf will argue at trial that the ex-chair of the ABC, Ita Buttrose, and managing director David Anderson were involved in the decision to terminate her contract.
Clive Palmer’s nephew tells High Court he’s beyond reach of contempt
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Clive Palmer’s nephew has applied to the High Court for review of a decision rejecting his bid to dodge contempt proceedings, arguing he did not submit to the court’s jurisdiction.
Care A2 settles spat with infant formula distributor
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Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.
HFW recruits Clifford Chance construction disputes partner
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HFW has secured the expertise of a construction disputes specialist, set to join its Perth office in November from Clifford Chance.
Funder pulls out of WestConnex class action
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The funder bankrolling a class action by residents allegedly displaced by the construction of the $16.8 billion WestConnex tunnel has abandoned the case.
Discovery led to funder dropping class action against Westpac unit
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A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.