Crown Resorts failed to act on warnings that it was not vetting its “junket” partners for criminal links closely enough for a year before it pledged to stop working with the controversial high-roller tour operators.
Former federal Labor MP and senator Belinda Neal is turning her attentions to international human rights violators. “President Xi Jinping, don’t you know who I am?“.
Advisers could be in line for more principles-based regulation according to ALRC president Sarah Derrington, who agreed with a host of global regulatory experts that a balance between principles and prescription is required.
ALRC Commissioner and federal court judge Justice Hon. John Middleton.
Australian Law Reform Commissioner and federal court judge Hon. Justice John Middleton has confirmed the ALRC will look at pulling chapter seven of the Corporations Act – which deals with financial products and services – out of the Act altogether as part of the group’s ongoing review into financial services regulation.
After an ALRC webinar presentation that outlined some of the complexities within the Corporations Act, Middleton was asked by ALRC president and fellow federal judge Justice Hon. Sarah Dennington whether chapter seven might be better “as a standalone statute”.
“It’s certainly something that’s on the table for consideration,” Middleton said, before adding that doing so “wasn’t an automatic cure, necessarily,” to the complexity issues that plague the Act.
Engineering firm involved in Nine HQ hit by cyber raid
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An engineering company paid by Nine to help find and plan its Sydney headquarters has been hit by a ransomware attack, with hackers threatening to release a trove of stolen information.
The cyber raid comes six weeks after an attack on Nine’s North Sydney offices at 1 Denison Street, which disrupted publishing and broadcasting at the country’s largest media company.
An artist’s render of Nine’s North Sydney headquarters at 1 Denison Street.
Sydney-headquartered Medland Engineering, which has offices across Australia and in London, was given 10 days to pay a ransom, after which the hackers said they would publish stolen information on the dark web.