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Singtel CEO Yuen Kuan Moon has apologised for a 13-hour outage Triple Zero across three states that has been linked to the deaths of three people, blaming the outage on a “people issue”.
In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
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A judge did not need to recuse himself from deciding the penalty in ASIC’s case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.
Developer Villawood sues director over $240M Epping logistics estate
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A Melbourne developer has sued its director, alleging that he unlawfully issued himself shares in an industrial estate development in Epping using a “simulated” signature, a claim which the director denies.
Kanadevia Inova hit with another suit over East Rockingham waste-to-energy project
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Swiss greentech company Kanadevia Inova has been hit with another suit by the receivers over a contract for the $500 million East Rockingham waste-to-energy plant in Western Australia.
Lendlease fends off vote on control of $2.8B retail property fund
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For a third time, real estate investment manager Lendlease has avoided a vote on the future of its oversight of a $10 billion property fund, with a proposed meeting Wednesday of the fund’s retail investors reportedly adjourned for want of quorum.
Ashurst advises Snowy Hydro on first BESS offtake deal
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Ashurst-represented Snowy Hydro has reached a landmark 15-year virtual tolling agreement with Akaysha Energy for Victoria’s Elaine Battery Energy Storage System, the first battery toll pact for the energy company.
Developer appeals $158M asset freeze won by Keystone liquidators
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Developer Robert Filippini is appealing a ruling that granted the liquidators for Keystone Asset Management’s expanded freezing orders of up to $158 million in assets as well as two family trusts and four luxury cars.
Australian Clinical Labs agrees to $5.8M penalty over data breach
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In the first penalty to be handed down for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has agreed to cop a $5.8 million fine over a 2022 data breach that compromised the personal information of 223,000 customers of its Medlab business.
ANZ whistleblower trial kicks off, with trader admitting inappropriate messages
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Former ANZ trader Etienne Alexiou has admitted during cross-examination that lewd messages sent to other bankers through Bloomberg’s messaging platform were inappropriate and could cause offence.
Clayton Utz senior advisor won’t give evidence in ANZ whistleblower trial
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ANZ can’t call its former group chief risk officer — now a strategic advisor for Clayton Utz — to give evidence as it defends a whistleblower case by former trader Etienne Alexiou.