From www.holdingredlich.com: The Supreme Court of Victoria facilitates claims of oppressive conduct under Section 233 of the Corporations Act 2001, providing a cost-effective process for resolution.… read more
From asic.gov.au: DOD Bookkeeping Pty Ltd, formerly known as Equiti Financial Services Pty Ltd, has been penalized $11,030,000 by the Federal Court for breaching conflicted remuneration rules and providing inadequate “cookie cutter” advice to clients regarding self-managed super funds.… read more
From www.aicd.com.au: Recent Federal Court decisions clarify whistleblower protections under the Corporations Act, emphasising the need for disclosures to meet specific eligibility criteria to qualify for protection.… read more
From www.claytonutz.com: The Federal Court ruled in Bridging Capital Holdings Pty Ltd v Self Directed Super Funds Pty Ltd that sellers must actively disclose material information during the due diligence process, rather than relying solely on data rooms filled with documents.… read more
From piperalderman.com.au: The Full Federal Court in Australia overturned a prior ruling, determining that Block Earner’s fixed-yield ‘Earner’ product does not qualify as a “financial product” under the Corporations Act, and thus does not require an Australian Financial Services Licence.… read more
From hallandwilcox.com.au: On April 22, 2025, the Full Federal Court ruled that Web3 Ventures Pty Ltd (Block Earner) did not breach financial services laws, overturning earlier decisions and clarifying that fixed interest crypto lending products may not automatically be classified as financial products.… read more
From asic.gov.au: The Full Federal Court ruled that Block Earner did not require a financial services license to offer its digital asset-related Earner product, overturning a previous decision that classified the product as a financial product.… read more
From www.claytonutz.com: Large grocery businesses in Australia with revenues exceeding $5 billion must comply with a new mandatory Food and Grocery Code of Conduct that came into effect on April 1, 2025.… read more
From www.claytonutz.com: Starting January 1, 2026, certain high-value acquisitions of Australian real estate must be notified to the ACCC and cleared before completion, alongside existing foreign investment regulations.… read more
From www.claytonutz.com: Justice Rofe’s decision in McClure v Medibank Private Limited ruled that Medibank could not claim legal professional privilege over Deloitte Reports related to a 2022 ransomware attack because their primary purposes were operational and public relations rather than legal advice.… read more
From decrypt.co: The Full Federal Court of Australia ruled in favor of crypto lender Block Earner, determining that its lending product was a fixed-term loan rather than a regulated financial product requiring licensing.… read more
From mccabes.com.au: The High Court’s decision in Kramer v Stone clarified the principles of proprietary estoppel.
A clear promise and reasonable reliance by the promisee are essential for establishing an estoppel by encouragement.… read more
From sophiegrace.com.au: AFS licensees must avoid offering financial or credit products during unsolicited contact, as it is a strict liability criminal offense under the Corporations Act.… read more
From corrs.com.au: The High Court of Australia ruled that a successor trustee does not owe a fiduciary obligation to a former trustee for indemnity preservation, impacting recovery actions for former trustees and trust creditors.… read more
From jws.com.au: The Workplace Gender Equality Amendment (Setting Gender Equality Targets) Act 2024 requires employers with 500 or more employees to establish and report on three gender equality targets within 12 months, achieving or improving on them within three years.… read more