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The Australian Competition and Consumer Commission has appointed the NSW government’s former chief data scientist as a commissioner, adding experience in AI as the regulator eyes a more data-driven approach.
Victoria’s IBAC inquiry recommends expanding definition of ‘corrupt conduct’
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An inquiry into Victoria’s corruption watchdog has suggested expanding the definition of ‘corrupt conduct’ to include not only criminal offences.
BHP’s $110M class action settlement OK’d, with half going to lawyers, funder
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A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK’d fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.
SkyCity shareholder can’t bring action over $67M AUSTRAC penalty
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A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.
Janssen wins injunction against Juno in patent fight over generic Invega
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Johnson & Johnson-owned Janssen has secured an injunction against drug maker Juno Pharmaceuticals, halting the release of Juno’s generic version of schizophrenia drug Invega Sustenna.
ATO’s appeal flops in $52M row with streetwear brand City Beach
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An appeals court has confirmed that a restructuring by streetwear retailer City Beach did not involve a $52 million tax avoidance scheme, tossing a challenge by the tax office.
Four arrested as part of Bendigo Bank money laundering probe
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Police have arrested four individuals who are suspected of being involved in a money laundering operation at a Bendigo Bank branch in Victoria.
Elysium Noosa Resort faces IP suit over rebrand
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A wellness retreat has launched an intellectual property suit against luxury Queensland resort Elysium Noosa, claiming that a recent rebrand amounts to passing off.
National Storage REIT agrees to $4B takeover by Brookfield consortium
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National Storage REIT has agreed to a takeover by a consortium of Brookfield Property and GIC Investments that values the self-storage investor at $4 billion.
HWL Ebsworth wants $130M negligence case sent back to referees
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HWL Ebsworth, which was found liable for negligent advice on a Parramatta land development, wants the issue of damages returned to two referees, saying the experts’ findings would have a significant impact on how much the firm had to pay.