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A former executive assistant of accused Ponzi schemer Chris Marco is facing charges linked to an alleged $29.5 million fraud against investors.
MLC ordered to pay $10M penalty for ‘serious failure’
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A judge has ordered MLC to pay $10 million for its “serious failure” to pay life insurance benefits to customers undergoing rehabilitation, in an ASIC case that also alleged the insurer failed to promptly update medical terms in policies.
TPG-backed company fleeced in major scam tied to $1B climate deal, court told
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TPG-owned Anew Climate has sued an Australian company that allegedly impersonated a US carbon offset developer by using “bogus” emails to unlawfully receive payments under a $968 million (US$640 million) investment deal, a court has heard.
Victorian Bar to poll members on endorsing Voice to Parliament
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A group of Victorian barristers says the Bar has a responsibility to make a public statement backing the proposed Voice to Parliament, while others have questioned the “propriety” of speaking out, an email to members reveals.
WA government faces second class action by Banksia Hill inmates
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Law firm Levitt Robinson has filed a second class action against the Western Australian government on behalf of inmates in the state’s Banksia Hill detention centre alleging unlawful disability and age discrimination.
Judge orders discovery of legal advice in spat over $45B Ichthys LNG project
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A judge has ordered contractor JKC Australia to hand over legal advice relating to a settlement deed it entered with Japanese oil company Inpex in 2021, as it seeks to hold Dutch paint company AkzoNobel NV responsible for its “significant” potential liability under the settlement.
ANZ to cop penalty in ASIC case over cash advance fees
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ANZ will no longer contest liability at trial in a case by the regulator over more than $10 million in cash advance fees charged to the credit card accounts of hundreds of thousands of customers.
Sydney MP Alex Greenwich to sue Mark Latham over homophobic tweet
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Independent member for Sydney Alex Greenwich is preparing to bring a defamation case against One Nation’s NSW leader, Mark Latham, after he published a homophobic post on Twitter last month.
Nine’s A Current Affair broke privacy rules in airing neighbour dispute, ACMA finds
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The Australian Communications and Media Authority has found Channel Nine breached privacy rules in a story on A Current Affair about a violent dispute between neighbours in regional New South Wales that went viral on YouTube.
PwC tax leak scandal puts spotlight on firms’ uneasy commitment to compliance
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The tax leaks scandal engulfing PwC has shone a spotlight on the culture of large professional services firms, where ensuring compliance with good governance is akin to “herding cats”, experts say.