NEWS AND MEDIA

Final Report – Perth Royal Commission into Crown Casinos

The Perth Casino Royal Commission have tabled their final report in Parliament. The report, which cites Professor Elise Bant at several points, includes 59 recommendations to facilitate remediation work rather than a stripping of the licence.

ACCC VS BIG TECH: ROUND 10 AND COUNTING

The Australian Competition and Consumer Commission is taking on Big Tech again – this time it’s Meta – with a focus on dismantling a key Big Tech defence tool.

Book Review: Punishment And Private Law

Professor Normann Witzleb (Associate Professor (Law), Chinese University of Hong Kong) reviews Punishment and Private Law.

Can Crown’s Old Habits Die?

The Royal Commission says disgraced casino operator Crown Melbourne needs to reform itself – how will we be able to judge whether it has or not?

The 37th Annual Conference of the Banking & Financial Services Law Association

Tectonic Shifts in the Banking and Financial Services is the theme of this year’s BFSLA Conference. Taking place in Sydney and Auckland, the event also hosts remote speakers, including Professor Elise Bant who will speak on Shifting Sands: New statutory strategies for promoting good consumer
outcomes in Financial Services

Visit the BFSLA website or download the conference programme (PDF 2MB)

Charging dead clients is dishonest. Really? Who knew?

The news that Australia’s financial services regulator will take five AMP group companies to court over them charging life insurance and advice fees to dead people is a wake-up call to corporations.

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Privacy erosion by design: why the Federal Court should throw the book at Google over location data tracking

The Australian Competition and Consumer Commission has had a significant win against Google. The Federal Court found Google misled some Android users about how to disable personal location tracking. Will this decision actually change the behaviour of the big tech companies? The answer will depend on the size of the penalty awarded in response to the misconduct.

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WA Crown royal commission: No more blissful ignorance of corporate ‘Frankensteins’

The Perth Casino Royal Commission kicks off today. Among other matters, the commissioners will inquire and report on the ‘suitability’ of Crown Resorts and its local subsidiaries to continue to hold a license for Crown Perth.

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Crown, Collingwood and the corporate conscience

The different failures at Crown and Collingwood shows that the law needs to go beyond individuals when holding corporations to account

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More on Crown

Watch: ABC News – The Business: More change is coming for embattled casino giant Crown Resorts and key shareholder James Packer may need to radically reduce his stake.

James Packer might need to sell his Crown stake. Who will buy the tarnished casino giant?

Westpac’s scandal highlights corporate wrongdoing

Australia’s anti money-laundering regulator has accused Westpac of breaching the law of 23 million occasions.

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The Buck Stops Here: Holding banks responsible for dishonest conduct

With 76 recommendations, Commissioner Ken Hayne’s final report into the Australian financial services industry provides a roadmap to hold the sector to account, especially for the ‘fees for no service’ scandal

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Rio Tinto and the Anatomy of Corporate Culpability

Heads have finally rolled over the mining company’s shameful destruction of the Juukan Gorge rock shelter, but what are the legal implications and how does corporate culture matter?

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Holding Corporations to Account

The slippery concept of corporate guilt too often allows companies off the hook. The law needs reforming

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It’s about to become easier to lend irresponsibly, to aid the recovery

What used to be known as a requirement to lend responsibly is now regarded as red tape.

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Coming clean on hand sanitisers

Why clarifying the distinction between ’therapeutic’ and ‘cosmetic’ hand sanitisers could be critical in the fight against COVID-19

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Fine that’ll hurt. ASIC’s powerful, if ill-fitting, teeth

At last, our corporate watchdog has a strong set of teeth with which to fight crime and serious misconduct in the financial sector.

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Understanding Hayne. Why less is more

In the view of Royal Commissioner Kenneth Hayne, when all is said and done the complex patchwork of rules that regulate financial institutions can be boiled down to six simple requirements:

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Three simple steps to fix our banks

Here are three simple steps to address the widespread misconduct revealed in the interim report of the banking royal commission, arising out of research I have undertaken with my colleague Associate Professor Jeannie Paterson.

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Fees for no service

How ASIC is trying to make corporate misconduct hurt

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Misleading Conduct? So what!

How ASIC is trying to make corporate misconduct Indifference and disregard for the rule of law in Australia requires a firmer hand and tougher penalties

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How courts and costs are undermining ASIC and the ACCC’s efforts to police misbehaving banks and businesses!

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When families and money don’t mix

The banking Royal Commission highlights the vulnerability of parents acting as guarantors of their child’s business loan and the need for better ways to support decision-making

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They’re using my face!

What cosmetic bloggers and the Cambridge Analytica saga tell us about protection from misleading conduct

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