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Federal police are investigating a large-scale data breach at an unnamed commercial health information organisation, the National Cyber Security Coordinator has revealed.
Billabong founder loses fight with ATO over $111M Plantic sale
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Billabong founder Gordon Merchant has lost his challenge to a decision by the ATO to increase his tax liability to $31 million, finding that he conducted a “wash sale” of his Billabong shares and engaged in dividend stripping on the sale of bio plastics manufacturer Plantic Technologies.
Pizza Hut cops $2.5 million penalty for spam breaches
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Pizza Hut has paid $2.5 million in penalties for breaching spam laws when it sent more than 10 million unsolicited marketing messages to customers.
ACCC raises concerns over Louis Dreyfus’ proposed takeover of Namoi Cotton
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The Australian Competition and Consumer Commission has expressed concerns that France-based Louis Dreyfus’ proposed acquisition of ASX-traded cotton gin operator Namoi Cotton could substantially lessen competition and lead to higher prices for ginning services.
CBA didn’t have to alert investors to ‘toings and froings’ of AUSTRAC probe, judge says
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A judge that tossed two shareholder class actions against the Commonwealth Bank of Australia has found the bank did not have to alert investors to the possibility of AUSTRAC proceedings, saying investors did not expect to be apprised of the “toings and froings” of regulatory investigations.
High Court asked to resolve appellate court split on class closure
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The High Court has been asked to overturn a NSW Court of Appeal decision finding it had no power to exclude unregistered group members from a settlement, which conflicted with Federal Court precedent, hearing the divergence of the important issue “can only be resolved by the High Court”.
‘Well outside the median range’: Judge questions GCO rate in FleetPartners class action
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A judge has expressed concerns about the plaintiff’s proposed group costs order rate in a shareholder class action against fleet management company FleetPartners, saying the purpose of the GCO regime was to lower costs to group members.
Barrister cops suspension after High Court condemns undisclosed relationship with judge
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A barrister who had a “close personal relationship” with a judge presiding over her case has been suspended and fined $10,000, after the High Court ruled their communications gave rise to the appearance of bias and justified recusal.
Supreme Court urges ‘caution’ in use of AI by lawyers
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The Supreme Court of Victoria has issued ground rules for deploying artificial intelligence in litigation, urging litigants to exercise “particular caution” when using ChatGPT and other generative AI tools to draft affidavits and witness statements.
ANZ to face expanded claims in superannuation class action
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A class action against ANZ and former subsidiary OnePath has been given the green light to “significantly expand” its case against the big four bank, over three years after the case was first filed.