Australia recently saw developments across its financial, environmental, and legal sectors.
In finance, ANZ Bank has agreed to pay a record $240 million in penalties to the Australian Securities and Investments Commission (ASIC) to resolve five claims of misconduct. ASIC Commissioner Longo stated that ANZ had ‘betrayed the trust of Australians‘ and required change, an sentiment echoed by the bank’s chair who acknowledged ‘mistakes’ and apologized for widespread misconduct. These penalties await federal court approval.
Concurrently, Climate Change Minister Chris Bowen warned that ‘every Australian’ is at risk from the climate crisis, noting that rooftop solar now accounts for 13% of the national energy mix.
Separately, the Queensland government announced its decision to appeal the sentence of Emma Lovell’s killer to the high court.
Source: www.theguardian.com