O7540 Justice

Coroner’s plea for drug deaths action

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Original article by Nino Bucci
The Age – Page: 4 : 12-Jan-15

An online and real-time drug prescriptions monitoring system was a campaign promise of the former Victorian government ahead of the November 2014 election. Coroner Jacinta Heffey has now called on the new State Government formed by the Australian Labor Party to adopt the policy, or face an increase in the number of overdoses. Heffey has issued her findings on the death of a man who received a prescription for methadone from one doctor and one for the benzodiazepine tranquilliser from a second

CORPORATES
CORONER’S COURT (VICTORIA), VICTORIA. DEPT OF HEALTH, AUSTRALIAN LABOR PARTY, ASIA PACIFIC CORONERS’ SOCIETY

Legal loopholes exposed as cyclist runs down pedestrian at crossing

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Original article by Eryk Bagshaw
The Sydney Morning Herald – Page: 8 : 12-Jan-15

There is no legal requirement in New South Wales (NSW) for cyclists to hold compulsory third party insurance. This has become an issue in a number of cases where these road users have collided with pedestrians, and the latter were then unable to claim for compensation after suffering serious injuries despite the other party having been at fault and charged with negligent driving. The NSW Motor Accidents Authority in 2013 advised Roads & Maritime Services against a proposed scheme under which an insurance levy would apply at the point of sale of new bicycles

CORPORATES
NEW SOUTH WALES. MOTOR ACCIDENTS AUTHORITY, NEW SOUTH WALES. ROADS AND MARITIME SERVICES, NEW SOUTH WALES. MINISTRY OF TRANSPORT, CITY OF SYDNEY, LEICHHARDT COUNCIL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, PEDESTRIAN COUNCIL OF AUSTRALIA, BICYCLE NEW SOUTH WALES INCORPORATED

Cauldron wins access to Forrest cattle run

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Original article by Andrew Burrell
The Australian – Page: 16 : 8-Jan-15

Western Australian (WA) Mines Minister Bill Marmion has approved a request by the Cauldron Energy company, headed by entrepreneur Tony Sage. It will now be able to conduct exploration drilling for uranium on the "Minderoo" cattle station. The WA Mining Warden’s Court recently sided with the land’s owner, Fortescue Metals Group chair Andrew Forrest, in blocking the access. Onslow Resources had previously gained permission, with some conditions attached, to extract mineral sands at "Minderoo"

CORPORATES
CAULDRON ENERGY LIMITED – ASX CXU, ONSLOW RESOURCES LIMITED, FORTESCUE METALS GROUP LIMITED – ASX FMG, MINDEROO PTY LTD, MINING WARDEN’S COURT (WESTERN AUSTRALIA), WESTERN AUSTRALIA. DEPT OF MINES AND PETROLEUM

Provident ‘the fault of trustees’

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Original article by Kylar Loussikian
The Australian – Page: 17 : 8-Jan-15

A class action suit is being launched by law firm Slater & Gordon on behalf of investors who lost funds in the mid-2012 collapse of Provident Capital. It will be alleged that Australian Executor Trustees was not diligent enough in its supervision of the debentures business, and should have realised in late 2010 that were insufficient reserves to secure the loans written by Provident. The equity ratio in 2008-09 was just 6.43%, compared with the Australian Securities & Investments Commission’s stipulated minimum of 20%

CORPORATES
SLATER AND GORDON LIMITED – ASX SGH, PROVIDENT CAPITAL LIMITED, AUSTRALIAN EXECUTOR TRUSTEES LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN CAPITAL RESERVE LIMITED, FINCORP PTY LTD, MERIDIAN LAWYERS LIMITED

Burglars on prowl most in January

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Original article by Craig Butt, Claire Martin, Louise Almeida
The Age – Page: 10 : 7-Jan-15

An analysis of Victorian crime data shows that the month of January tends to have the state’s highest incidence of reported burglaries. The number of burglaries that occur in January is eight per cent higher than the monthly average. Superintendent Tim Hansen of Victoria Police says many burglaries that occur in January are opportunistic, with criminals taking advantage of the fact that people are often away from home on holidays

CORPORATES
VICTORIA POLICE, INSURANCE COUNCIL OF AUSTRALIA LIMITED

Charges laid over $110m loan fraud

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Original article by Chris Vedelago, Georgia Wilkins
The Australian Financial Review – Page: 5 : 7-Jan-15

The Australian Securities & Investments Commission has issued details on a case of two men allegedly committing fraud against the four main banks and other mortgage lenders. It is being claimed that the accused used the Footscray branch of Myra Financial Services to lodge loan applications with sham documents, causing a loss of a total $A110m across 350 mortgages. Prison terms of up to 15 years each may be imposed, on a charge of obtaining financial advantage by deception

CORPORATES
MYRA FINANCIAL SERVICES, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CIGNA FINANCIAL PTY LTD, AUSTRALIAN FINANCE GROUP PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, MELBOURNE MAGISTRATES’ COURT, PREMIUM FINANCIAL SERVICES, RAMS HOME LOANS PTY LTD

ASIC in probe of senior trader

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Original article by Leo Shanahan
The Australian – Page: 16 : 6-Jan-15

The alleged manipulation of the bank bill swap rate by financial institutions, including ANZ Bank, is being looked into by the Australian Securities & Investments Commission. Seven ANZ staff were stood aside on full pay by the bank in November 2014, pending the outcome of the inquiry. It has now emerged that among those accused of wrongdoing is interest rate derivatives pricing executive Paul Woodward, who joined ANZ from Deutsche Bank in 2008. Balance sheet trading head Etienne Alexiou is said to be another of the seven

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, DEUTSCHE BANK AG, AUSTRALIAN FINANCIAL MARKETS ASSOCIATION INCORPORATED, ROYAL BANK OF SCOTLAND GROUP PLC, UBS AG, BNP PARIBAS SA

Lindt siege payouts may depend on terrorist decision

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Original article by Mathew Dunckley, Lisa Visentin
The Australian Financial Review – Page: 3 : 5-Jan-15

The Australian Reinsurance Pool Corporation is empowered by law to gauge the losses incurred by businesses in a terrorism event. It can also, if appropriate, reduce the liability of insurance companies in such cases, and providers including Insurance Australia Group are waiting for a decision by the Federal Government on the 15-16 December 2014 siege at the Lindt Cafe in Sydney’s Martin Place. Some small businesses have lodged claims under optional business disruption clauses, and will need to find out whether the siege is indeed deemed a terrorist act

CORPORATES
INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, AUSTRALIAN REINSURANCE POOL CORPORATION, AUSTRALIA. DEPT OF THE TREASURY, LINDT AND SPRUNGLI (AUSTRALIA) PTY LTD, AUSTRALIAN NATIONAL RETAILERS ASSOCIATION LIMITED, AUSTRALIAN RETAILERS ASSOCIATION, CGU INSURANCE AUSTRALIA LIMITED, LUMLEY INSURANCE GROUP LIMITED, WFI INSURANCE

Elderly Welfare Street tenant stands ground in eviction row

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Original article by Rose Powell
The Sydney Morning Herald – Page: 8 : 5-Jan-15

Real estate investment groups HBW1 and Centennial Property in mid-2014 acquired residential assets from the New South Wales Government. One of the tenants now facing eviction, John Higgins, and his legal representatives from the Inner West Tenants’ Advice & Advocacy Service dispute a claim by the Lands Legal firm that the client ceased to be a protected tenant when the property was sold in 1989 to the Sydney Olympic Park Authority. Higgins maintains that his father signed the original lease in 1948 and that it is still in force. The Civil & Administrative Tribunal will hear the matter in early January 2015

CORPORATES
NEW SOUTH WALES. CIVIL AND ADMINISTRATIVE TRIBUNAL, SYDNEY OLYMPIC PARK AUTHORITY, LANDS LEGAL PTY LTD, STRATHFIELD REAL ESTATE PTY LTD, CENTENNIAL PROPERTY GROUP PTY LTD, INNER WEST TENANTS ADVICE AND ADVOCACY SERVICE, HBW1

Mine probe over poisoned fruit

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Original article by Alex Massey
The West Australian – Page: 17 : 19-Dec-14

Western Australian police are investigating allegations that fruit supplied to workers at the Roy Hill iron ore mine was poisoned. A contractor on the site reported that a piece of fruit he was eating looked discoloured and had a bad taste, although he suffered no ill-effects. Several workers have claimed that the fruit was laced with cyanide, which is not used at the site, although police have yet to confirm the nature of the chemical involved

CORPORATES
ROY HILL IRON ORE PTY LTD, WESTERN AUSTRALIAN POLICE SERVICE, WESTERN AUSTRALIA. DEPT OF HEALTH