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Treasury recommends splitting off audit function in Big Four firms
A Treasury report has suggested splitting audit functions off from multidisciplinary professional services firms, following whistleblower claims that KPMG leaked confidential client information.
Brambles takes shareholder class action loss to Full Court
Logistics company Brambles has followed through on plans to challenge its landmark loss in a shareholder class action, setting the stage for further appellate court guidance in securities cases, which once routinely settled.
Construction PRO
ACCC blocks Coles acquisition of WA supermarket leasehold
Coles Group's proposed acquisition of a leasehold interest in a Kalgoorlie supermarket and liquor store site would substantially lessen competition in the retail supply of groceries in the region, the competition cop says.
ACCC opposes Coles acquisition of WA supermarket site
The competition regulator has opposed Coles Group's proposed acquisition of a leasehold interest in a Kalgoorlie supermarket and liquor store site, finding it would substantially lessen competition in the retail supply of groceries in the region.
Amazon ordered to reinstate worker who made ‘smart-arse’ comments
Online retail giant Amazon has been ordered to reinstate an employee after the Fair Work Commission found remarks he made leading to his dismissal were “smart-arse” but did not constitute harassment or discrimination.
Humm Group avoids court action after ASIC investigations
The corporate cop will not take enforcement action against consumer lender Humm Group or its subsidiaries, following investigations into the companies' reporting processes and contract terms.
Amazon taken to court by ACCC over Prime Video contracts
The consumer regulator has brought proceedings against Amazon, alleging it relied on unfair contract terms in its Prime Video subscription contracts to introduce advertising to its streaming service.
Committee calls on ACCC to investigate Apple’s digital payments dominance
A parliamentary committee has called on the ACCC to investigate Apple's digital payments market power, finding that the sector is "anti-competitive, opaque and complex".
Coles, Woolworths to face new price-gouging law
Coles and Woolworths could face penalties of more than $10 million under new supermarket price-gouging laws that come into effect next week, and the ACCC says community concerns will guide its enforcement priorities. 
Construction PRO
Lendlease tapped to develop former Visy site in South Brisbane
The Queensland government has selected Lendlease as its master development partner for a mixed-use riverfront project in South Brisbane ahead of the 2032 Olympics.