Companies

Rules governing telecommunications companies will be amended in the wake of the Optus data breach that exposed the personal information of nearly 10 million customers.

The Australian and New Zealand Banking Group has hit back at allegations by its former head of money markets that he was sacked for making complaints about sexual harassment by senior managers at the bank and false reporting to the prudential regulator.

A mobile network sharing agreement between Telstra and TPG is likely to boost the companies' services to customers but could lead to TPG raising prices, the competition regulator said Friday.

The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, with a judge finding the regulator "ignored the circumstances" in which the product was distributed.

Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for approving a dividend payment the company could not afford.

The federal government has flagged reforms to Australia’s privacy laws in the wake of a cyberattack that left the data of up to 10 million current and former Optus customers exposed, including heftier penalties for companies that fail to safeguard users’ personal data.

As the FBI joins the hunt for the hackers behind last week's massive data breach at Optus, a second law firm has launched an investigation into possible claims against the telecommunications giant.

Telecommunications giant Optus may face a class action over a cyberattack that left the data of up to 10 million current and former customers exposed.

A judge has found that a 60 Minutes broadcast by Nine, but not a related article, carried defamatory meanings about Euro Pacific Bank boss Peter Schiff, saying the broadcast's  use of ominous music and shadowy figures invited judgment from viewers.

A data breach compromising the records of up to 9.8 million Optus customers has been referred to the Australian Federal Police for what the agency said would be a "complex, criminal investigation".