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Controversial legislation advanced by the Morrison government that will weaken the country's continuous disclosure laws and make it harder to bring shareholder class actions has cleared the Senate.
Mining company TerraCom has asked a court to rule on the privilege status of a report by PriceWaterhouseCoopers, produced in reponse to "serious allegations" by a former employee over the falsification of coal quality results.
The former director of Sydney financial planning practice Hillross Bella Vista has been conditionally released without a conviction recorded after pleading guilty to falsifying documents uncovered during an investigation by the Australian Securities and Investments Commission.
Six of Australia's biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees for no service or were given bad advice.
Food and beverage manufacturer Freedom Foods will call its CEO and ex-group chairman to the stand in a case filed by the firm's former group general counsel, who has dropped her lawyer and is now self-represented.
The Australian Securities and Investments Commission has filed court action against a multi-million dollar Western Australian biotech company, alleging it made several misleading representations to the market during the height of the COVID-19 pandemic.
National Australia Bank has admitted in court it broke the law by charging fees it was not entitled to collect, but the bank and the corporate regulator are $25 million apart on what is an appropriate penalty.
The Full Court should determine whether a class action accusing two state-owned energy generators of gaming Queensland's energy pricing system needs to comply with regulations requiring litigation funders to register class actions as managed investment schemes, a court has been told.
The Australian Securities and Investments Commission has won its case against IOOF unit RI Advice, with a judge finding the financial services firm failed to ensure its advisers acted in the best interests of clients and did not give inappropriate advice.
Westpac has told the Federal Court it has "grave concerns" about Forum Group founder Bill Papas' evidence of his assets, contained in affidavits lodged on Thursday after weeks of non-compliance with a judge's orders.