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ASIC vows to use ‘every inch’ of power to go after corporate violators
Article 2018-05-17 3:24 pm By Christine Caulfield Melbourne

ASIC’s newly installed chief on Thursday slammed banks and other financial firms for their “trust deficit” and vowed to deploy “every inch of our powers and tools” to go after violators.

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Telstra wins temporary block on Optus ‘Empires End’ ad
Article 2018-05-16 10:12 pm By Christine Caulfield Melbourne

Optus was ordered Wednesday to temporarily pull an ad that Telstra alleges makes a false and damaging claim about the superiority of Optus’ mobile network.

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Blackmail case dropped against CFMEU bosses John Setka, Shaun Reardon
Article 2018-05-16 8:46 pm By Christine Caulfield

Construction, Forestry, Mining, and Energy Union bosses John Setka and Shaun Reardon have walked free from court after prosecutors on Wednesday dropped blackmail charges related to the union’s boycott of Boral concrete.

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Aerocare loses Federal Court appeal over workplace agreement
Appeals 2018-05-16 3:52 pm By Christine Caulfield Melbourne

The Full Federal Court on Tuesday dismissed an appeal by aviation services company Aerocare of a ruling rejecting an enterprise agreement the Transport Workers Union called “substandard”.

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Law firm rivals in bidding war to woo AMP shareholders
Article 2018-05-15 10:15 pm By Christine Caulfield Melbourne

A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a “super deal” and Quinn Emanuel besting that with a funding arrangement to “shake up” the market.

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Fraud case against Shane Heal dropped after star witness no-show
Article 2018-05-14 10:23 pm By Christine Caulfield Melbourne

The fraud case against Australian basketball great Shane Heal has been withdrawn after prosecutors’ could not get their US-based star witness to testify in time.

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Judge recuses himself after raising spectre of legal watchdog
Article 2018-05-14 2:31 pm By Christine Caulfield Melbourne

A Victorian Supreme Court judge has recused himself from proceedings over costs in a construction dispute, after vowing to send transcripts of the case to the state’s legal watchdog.

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VicForests banned from logging in greater glider habitat
Article 2018-05-11 11:48 am By Miklos Bolza Sydney

An environmental group fighting to protect the threatened greater glider has won a temporary injunction that bans state-owned forestry corporation VicForests from logging in select regions of the Victorian Central Highlands where the marsupial has been found.

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$26M funding cut to hobble ASIC, experts say
Article 2018-05-10 10:02 pm By Christine Caulfield Melbourne

The Federal Government’s $26 million cut to ASIC’s budget has been blasted by experts and the opposition for undermining the corporate regulator, already facing the heat of the Banking Royal Commission.

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Government budgets $44.6M for consumer data rights
Article 2018-05-09 10:27 pm By Christine Caulfield

The Federal Government has promised $44.6 million over the next four years to establish a National Consumer Data Right that will enable consumers and small businesses to better protect their online data.

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