Australia Law And Legal

ASIC has commenced civil penalty proceedings against Commonwealth Bank of Australia (ASX:CBA), alleging the bank overcharged approximately 42,000 CommBiz customers $8.5 million.

The Australian Prudential Regulation Authority released its latest bi-annual report outlining rising stability risks across 3 core operational and financial areas.

The Australian government introduced 6 mandatory guardrails for developers such as OpenAI following a cyber incident involving Services Australia.

ASIC revealed that Australian superannuation trustees failed at the governance and leadership level regarding complaints handling across 23.2 million member accounts.

ASIC issued 15 comment forms containing 42 findings to 11 audit firms after its surveillance reviews found shortcomings in financial reports

A federal court judge ordered Apple (NASDAQ:AAPL) to allow alternative app stores and permit the video game Fortnite to return to its platform.

ASIC has discontinued its insider trading investigation into WiseTech Global (ASX:WTC) co-founder Richard White and two of the software firm's staff.

The Australian Taxation Office will ban all credit card payments starting Nov. 30, affecting roughly 2.3% of total tax payments.

Insurance Australia Group (ASX:IAG) subsidiary Insurance Australia reached a confidential settlement in Federal Court proceedings brought by Credit Suisse entities.

ASX (ASX:ASX) is still falling short of regulatory expectations in governance, operational resilience, and risk management, according to the latest assessment by the Reserve Bank of Australia.

ASIC is moving past warnings to prepare enforcement action against non-compliant firms in Australia's $200 billion private credit sector.

The Supreme Court of New South Wales extended Bathla Group's voluntary administration until Sept. 13, 2027.