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Origin hit with $17M penalty for disconnecting vulnerable customers
AER 2022-06-29 10:47 pm By Cat Fredenburgh

Origin Energy has been hit with a record $17 million penalty for violating its obligation to protect financially vulnerable customers, including by disconnecting the services of some who were on a payment plan.

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Judge to rush trial in Tiwi Islanders challenge to Santos offshore drill plan
Allens 2022-06-29 2:29 pm By Sam Matthews

Tiwi islanders in a Federal Court challenge to the Barossa offshore gas project have won an expedited trial, but the case won’t be heard before drilling starts in mid-July.

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ASIC can’t access PwC report at centre of privilege fight with Terracom
Accounting 2022-06-28 11:10 pm By Christine Caulfield

A judge has rejected a bid by the corporate regulator to access an unredacted PricewaterhouseCoopers report commissioned by coal miner TerraCom ahead of a challenge to a decision that cleared the way for the regulator to eye the document as part of an investigation.

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‘You get him in the witness box’: Kumova trial on hold after judge questions Stock Swami’s discovery
Barry Dean 2022-06-28 9:25 pm By Cindy Cameronne

A judge has halted a defamation trial in a case brought by mining investor Tolga Kumova after saying he had “no confidence whatsoever” that the owner of Twitter account Stock Swami complied with discovery obligations.

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‘Where are our rights?’: ASIC wants to be heard in privilege row over PwC report
Accounting 2022-06-27 2:57 pm By Sam Matthews

ASIC has renewed its bid to see a PricewaterhouseCoopers report commissioned by TerraCom in order to defend the coal mining company’s appeal of a judgment that found the regulator could view the report because of public statements made by the company.

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Investor Tolga Kumova admits to $4.8B valuation error in defamation row
Barry Dean 2022-06-23 1:44 pm By Cindy Cameronne

Former Young Rich Lister Tolga Kumova has admitted to publishing an inaccurate tweet about the value of a mineral resource owned by a zinc producer of which he was a director, agreeing at trial in his defamation case that he was off by $4.8 billion.

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Woodside hit with third lawsuit over $16.5B WA natural gas project
DLA Piper 2022-06-22 3:34 pm By Cindy Cameronne

The Australian Conservation Foundation has brought proceedings against oil and gas producer Woodside Energy, arguing its Scarborough gas project in Western Australia cannot go ahead until its climate impacts are assessed. 

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High Court won’t hear argument for $100M judgment against Adani over Abbot Point fees
Andrew Stumer 2022-06-20 4:22 pm By Cat Fredenburgh

The High Court has declined to review an appeals court decision that overturned a $106 million judgment against a unit of Indian conglomerate Adani Group over access charges for its Abbot Point coal terminal.

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Full Court finds class actions are not managed investment schemes
Adam Hochroth 2022-06-16 10:43 am By Cindy Cameronne

In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.

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Quintis investors to get $4.7M in class action settlement, court told
Alexander Edwards 2022-06-14 2:51 pm By Cindy Cameronne

Two years after an insurance dispute scuttled a proposed settlement, group members in two class actions against sandalwood producer Quintis are set to receive $4.7 million in a settlement with the defunct company.

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