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Australia’s Climate Risks Are Making Home Insurance Unaffordable
Aug 14 2023 // Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. Median home insurance premiums surged 28% to A$1,894...
Australia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal
Aug 7 2023 // Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on Sunday in response to a scandal over the use of leaked fiscal plans by PwC...
Australia Fines Facebook Owner Meta $14M for Failure to Disclose Data Collection
Jul 26 2023 // An Australian court ordered Facebook owner Meta Platforms to pay fines totaling A$20 million ($14 million) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing...
Australia’s Fortescue Hit by Cyber Attack That Disclosed Some Network Data
Jul 19 2023 // Fortescue Metals Group Ltd. said it had been subject to a cyber attack that resulted in “the disclosure of a small portion of data from our networks.” The world’s fourth-largest iron ore exporter...
Tesla Sues Australia’s Cap-XX Over EV Battery Technology Patents
Jul 18 2023 // Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO...
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