The Australian Securities and Investments Commission is targeting predatory lending, greenwashing and crypto-assets as rising interest rates cause consumers to turn to fringe sources of credit.
The Australian Securities and Investments Commission has drawn “a line in the sand” on greenwashing and will no longer accept “purely aspirational” climate change targets from companies, the regulator’s deputy chair has said.
As part of expansion plans for its Canberra office, Ashurst has brought back Mathew Baldwin as a partner in its digital economy team to advise federal government agencies in digital and data projects.
A joint court application by ASIC and NSW Fair Trading calls for special purpose liquidators to claw back money from funeral insurer Youpla over concerns about the current liquidator’s relationship with the failed company’s former lawyer.
A historic $99 million package has been committed for legal programs for First Nations people in the Albanese government’s inaugural budget, which also earmarks $263 million to establish a national anti-corruption commission and scope out a federal judicial commission.
Companies will face penalties of up to $50 million for serious privacy law breaches under legislation to be introduced the Attorney-General following data breaches by Optus, Medibank and Woolworths unit MyDeal.
Thomson Geer has snagged a construction disputes specialist from Clayton Utz to bolster its growing construction team in Sydney.
One Nation leader Pauline Hanson has been ordered to pay former colleague Brian Burston $250,000 for “seriously damaging” and malicious comments made in a Today Show interview.
The public and political response to the Optus incident, including the federal government’s announcement of urgent privacy law reform, suggests there may now be an appetite to test obstacles to data breach class actions, or for the government to legislate around them, say Allens lawyers Kate Austin, Valeska Bloch, Isabelle Guyot and Andrew Burns.
The Supreme Court of Victoria has been called out in a report into sexually inappropriate behavior and bullying by judges as an “extremely hierarchical” workplace that has all the risk factors for harassment.