by AIP Online Bureau | Jul 31, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
by AIP Online Bureau | Jun 30, 2024 | Banking & Bancassurance, Eco/Invest/Demography, International News
ANZ CEO Shayne Elliott said the deal will allow it to add scale to its retail and commercial businesses, enabling ANZ to more effectively compete in the Australian market Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of...
by AIP Online Bureau | May 8, 2024 | Eco/Invest/Demography, International News
The fine is the biggest ever for an Australian airline and among the largest globally in the sector, although some Australian banks and casino operators have faced higher penalties for breaches of the law Australia’s Qantas Airways agreed to pay A$120 million ($79...
by AIP Online Bureau | Apr 23, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
At a hearing overnight, Australia’s Federal Court ordered X, formerly called Twitter, to temporarily hide posts showing video of the incident a week earlier, in which a teenager was charged with terrorism for knifing an Assyrian priest and others Elon Musk lashed out...
by AIP Online Bureau | Jan 23, 2024 | Eco/Invest/Demography, Health, International News, Policy, Regulation, Risk Management
This is the first time Australia has used its cyber sanctions framework since legislating it in 2021. The sanction makes it a criminal offence, punishable by up to 10 years in jail and fines Australia on Tuesday imposed cyber sanctions on a Russian man for his role in...
