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ASIC ditches ‘why not litigate’ stance as government prioritises economy
ASIC 2021-08-26 10:32 pm By Sam Matthews

Just three years after adopting its ‘why not litigate’ approach in response to a lashing by the Hayne royal commission, the corporate regulator has abandoned the tough enforcement stance as the Morrison government focuses on economic recovery from COVID-19.

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Credit Union worker who used company card for coffee not unfairly sacked, FWC says
Employment 2021-08-20 4:22 pm By Sam Matthews

A Credit Union Australia worker, who was fired for ringing up $100 in personal coffee orders on the company’s tab, has lost her bid to appeal a Fair Work Commission decision that she wasn’t unfairly dismissed.

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Banks fork over $1.86B to repay customers for bad behaviour
Financial Services 2021-08-05 10:05 pm By Sam Matthews

Six of Australia’s biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees for no service or were given bad advice.

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