From www.klgates.com: Maintaining confidentiality in real estate transactions in Australia involves understanding various legal structures and strategies, as there is currently no comprehensive public registry for beneficial ownership of land.… read more
From www.codea.com.au: The unregulated use of generative AI in organisations creates risks of data breaches, misinformation, and increased privacy obligations.
Recommended steps include defining use cases, conducting due diligence on AI solutions, performing privacy impact assessments, and implementing AI policies and training to mitigate these risks.… read more
From allens.com.au: ACCC has released a final guide on sustainability collaborations to clarify the application of competition laws, and updated its Immunity and Cooperation Policy to enhance transparency.… read more
From sladen.com.au: ASIC initiated legal proceedings against Active Super, alleging it made false and misleading statements regarding its adherence to Environmental, Social, and Governance criteria in investment decisions.… read more
From hallandwilcox.com.au: Bunnings Group Limited was found to have breached the Privacy Act 1988 due to its use of facial recognition technology (FRT) in stores without obtaining valid consent from individuals.… read more
From hallandwilcox.com.au: The case Funtastic Ltd v Madman Film and Media Pty Ltd centered on a dispute regarding completion accounts in a share sale agreement, specifically over the classification of certain accrued expenses and un-invoiced amounts.… read more
From stonegatelegal.com.au: An influential person in a Queensland construction company is defined as an individual who can control or substantially influence the company’s operations without holding a formal title such as director or secretary, which may include significant shareholders or senior managers.… read more
From sladen.com.au: On December 6, 2024, ASIC updated its Regulatory Guide 217, which advises directors on preventing insolvent trading by actively monitoring a company’s financial position, investigating potential financial difficulties, and obtaining professional advice when necessary.… read more
From financialnewswire.com.au: Outgoing Assistant Treasurer and Minister for Financial Services, Stephen Jones, is set to leave Parliament, having made minimal progress in addressing the financial planning sector’s challenges, which he described as a “hot mess.”… read more
From www.claytonutz.com: The New South Wales Supreme Court has ruled that parties asserting ownership rights against a company under administration must obtain consent from the administrators or seek leave from the Court to avoid violating section 440B of the Corporations Act 2001.… read more
From sladen.com.au: In January 2025, significant reforms to Australia’s Mergers and Acquisitions regulatory landscape were established, moving from a voluntary review process to a mandatory one overseen by the ACCC).… read more
From www.claytonutz.com: DORA, effective from January 17, 2025, focuses on ICT risk management across the EU’s financial sector, impacting both EU and non-EU entities involved with covered financial services.… read more
From piperalderman.com.au: The High Court’s decision in Elisha v Vision Australia emphasizes the enforceability of workplace policies as contractual obligations and highlights the necessity for employers to ensure procedural fairness in disciplinary actions.… read more
From www.abc.net.au: Keith Batt, the founder of Nant Distilling, appeared in Hobart Magistrates’ Court on charges of defrauding investors in a whisky investment scheme, facing a total of 736 charges including 622 counts of fraud.… read more
From financialnewswire.com.au: The Australian Financial Complaints Authority supports a shared responsibility framework for scam liability across all sectors as part of the Scams Prevention Framework.… read more