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ASIC has taken a leaf out of the playbook of Australia's courts in granting litigation funders temporary relief from having to disclose certain sensitive financial information in their product disclosure statements.
HWL Ebsworth has been ordered to hand over file notes to a former client and whistleblower suing ANZ for unfair dismissal, with a judge rejecting the law firm's argument that the notes were created solely for the benefit of the junior solicitor taking them.
The Australian Competition and Consumer Commission is seeking leave to intervene in Epic Games' appeal of a ruling that sent its misuse of market power lawsuit against Apple to California so that it can argue the case should be heard in Australia.
Superannuation provider Statewide Super has announced that it will not defend civil penalty proceedings brought by ASIC over an administrative error which resulted in around 12,500 fund members being charged for non-existent insurance.
The Australian Competition and Consumer Commission has proposed to deny authorisation for Qantas to coordinate with Japan Airlines on flights between Australia and Japan despite the regulator’s increased flexibility on the travel sector during COVID-19.
BlueScope Steel has raised concerns over the ACCC’s subpoenas to produce documents in its civil penalty proceedings against the steel company, saying it may significantly broaden the regulator's claims about which businesses are its competitors.
The ACCC has secured a misuse of market power declaration against Tasmanian government-owned TasPorts in the regulator's first action under amended competition laws, but the ports company will not pay a penalty as part of an agreement to resolve the case.
Westpac has been accused by the corporate regulator of insider trading before the $16 billion privatisation of electricity provider Ausgrid.
AUSTRAC has taken enforcement action against military lender Australian Military Bank after accusing the bank of violating anti-money laundering, counter-terrorism finance laws.
Telstra has been hit with a $1.5 million fine from the the Australian Communications and Media Authority for dropping its number porting service during the first COVID-19 wave last year, leaving 42,000 customers unable to transfer their numbers away from or to new providers.