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CBA Urges Govt To Consider Opt-Out Rules For AI Training
Commonwealth Bank of Australia Chief Executive Matt Comyn said Australia's lawmakers should consider a statutory AI-training copyright regime under which rights holders could opt out of having their material used to train AI models and receive compensation when it is used.
Greensill Blocked Verification On Invoices, White Oak Says
US investment firm White Oak Global Advisors told the Federal Court of Australia that Lex Greensill blocked it from verifying invoices from multinationals including Mitsubishi and Panasonic, as it defended negligence allegations relating to its deal with the financier as it seeks to recover million of dollars in insurance claims linked to the invoices it bought.
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High Court Backs Activists In Landmark Coal Mine Case
The High Court of Australia on Wednesday ruled 3-2 to uphold a finding that a planning commission wrongly approved MACH Energy's coal mine expansion by failing to consider "Scope 3" greenhouse gas emissions, a decision activists say sets a precedent requiring Australian governments to take responsibility for emissions from coal that's exported.
CBA Urges Govt To Consider Opt-Out Rules For AI Training
Commonwealth Bank of Australia Chief Executive Matt Comyn said Australia's lawmakers should consider a statutory AI-training copyright regime under which rights holders could opt out of having their material used to train AI models and receive compensation when it is used.
Greensill Blocked Verification On Invoices, White Oak Says
US investment firm White Oak Global Advisors told the Federal Court of Australia that Lex Greensill blocked it from verifying invoices from multinationals including Mitsubishi and Panasonic, as it defended negligence allegations relating to its deal with the financier as it seeks to recover million of dollars in insurance claims linked to the invoices it bought.
High Court Backs Activists In Landmark Coal Mine Case
The High Court of Australia on Wednesday ruled 3-2 to uphold a finding that a planning commission wrongly approved MACH Energy's coal mine expansion by failing to consider "Scope 3" greenhouse gas emissions, a decision activists say sets a precedent requiring Australian governments to take responsibility for emissions from coal that's exported.
Expert Analysis
Lawyers at Mallesons take stock of Australia’s recently enacted Treasury Law amendments and explain the capital ga... (more story)
The Australian Securities Exchange’s forthcoming proposed listing rule reforms and enforcement priorities represen... (more story)
The High Court of Australia's recent landmark ruling in Australian Securities and Investments Commission v. Web3 V... (more story)
Financial Services More
Hall & Wilcox has hired Holding Redlich's Andrew Klein as a partner in Canberra specialising in government workplace relations and employment matters, the firm said in a statement on Wednesday.
Global cybersecurity firm Palo Alto Networks says Australian AI cybersecurity guidance should be made legally enforceable, telling a parliamentary inquiry on Wednesday there should be real consequences if firm... (more story)
KPMG auditors failed to properly look into contradictory information and unrealistic projections from Arrium Ltd before signing off on audits of the steelmaking and mining company ahead of its 2016 collapse, s... (more story)
The Supreme Court of Queensland rejected on Friday a bid by a director of two collapsed transport companies to set aside a default judgment over unpaid penalties, dismissing her claims that she was "uneducated... (more story)
The Federal Court of Australia has ruled that former Westpac subsidiary RAMS Financial Group breached its good-faith obligations by revoking a franchisee's credit authorisation and terminating its agreement, b... (more story)
ASIC has sued former financial adviser Osama Saad in the Federal Court, alleging he participated in schemes to avoid conflicted remuneration laws and breached his best interest obligations when advising client... (more story)
The Supreme Court of Western Australia has elected former state Labor politician Simon Millman as its registrar and extended Todd Hill's tenure as an acting registrar, the WA Supreme Court said in a statement on Thursday.
Greensill Capital creditor White Oak must provide $5 million in security costs after the Federal Court of Australia granted applications by underwriter BCC Tokio Marine and insurer IAG, which argued that the i... (more story)
Commercial Disputes More
A former Strategic Minerals shareholder has sued QGold and its billionaire founder, Christopher Wallin, in Federal Court over alleged misconduct during QGold's 2020 takeover of the company.
Johnson Winter Slattery has added Gilbert + Tobin's Chris Williams as a partner specialising in intellectual property in Sydney, the firm said in a statement on Wednesday.
Creators say the federal government should not weaken Australia's copyright laws to attract AI investment and must stop overseas AI breaching Australian law, warning the nation could become a "data laundering ... (more story)
A Federal Court of Australia judge has allowed two expert reports from a drinks-industry consultant to be used in a trademark dispute between Bickford's Australia and Noot Drinks over the use of the word "spri... (more story)
Engineering firm SMEC has agreed to a $9 million settlement with the Australian Federal Police, ending a long-running foreign bribery investigation, with no admission of liability or referral to the Commonweal... (more story)
The New South Wales Bar Association has appointed 20 barristers as Senior Counsel for 2026, the association said on Friday.
Victorian Supreme Court Justice Andrew Clements reflected on the "good fortune" his legal career has brought him during his welcome ceremony on Tuesday, paying tribute to the mentors who helped shape his caree... (more story)
A Queensland Supreme Court judge has refused mining exploration company DGR Global's application to add a new $73.4 million counterfactual claim in its proceedings over the collapse of Armour Energy, DGR announced Monday.