The Coalition government will inject a record $550 million in additional funding for the banking and corporate regulators to crack down on wrongdoing in the financial services industry in the wake of the Hayne royal commission.
A PappaRich franchise operator is facing legal action by the Fair Work Ombudsman for allegedly underpaying 154 workers at three of the Malaysian food chain’s outlets in Sydney.
Jewellery brand Pandora has admitted it misled customer about ther rights to get a refund on faulty items and may have breached consumer laws, the watchdog said Friday.
In a first for the NSW Supreme Court, Judge Peter Garling last week found that the plaintiff in a class action does not need to have a claim against all defendants, a case that could make life much easier for plaintiff lawyers, says barrister Daniel Meyerowitz-Katz of Second Floor Wentworth Chambers.clas
A judge has ordered directors of collapsed mining company Termite Resources to pay $7 million in damages after finding they breached their duty by distributing more than $46 million to its parent company and failing to maintain a cash reserve of at least $10 million.
Receivers, not just liquidators, can distribute assets to satisfy priority claims of an insolvent company’s employees, a judge has ruled, settling a question of law under the Corporations Act.
Mach Energy is fighting a second lawsuit by a former director alleging he is owed $13 million in shares under an equity incentive scheme based on the performance of the Mount Pleasant coal project acquired from Rio Tinto in 2016.
The Australian Securities and Investments Commission has won its bid to appoint liquidators to solvent landbanking company Aviation 3030, with a judge saying ASIC’s public-interest case for the scheme’s winding up was “overwhelming”.
Maurice Blackburn has not given up its fight with the Australian Taxation Office over a multimillion dollar tax liability on record-setting class action payout for Black Saturday bushfire victims.
Australia’s television broadcasters face an investigation of their coverage of Friday’s terrorist attack in Christchurch, which included live footage filmed by the perpetrator of the mass shooting.