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ASIC wants KPMG receivers to investigate Sequoia’s sale of Interprac
Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.
Defence firm EOS to pay $4M for continuous disclosure breaches
A judge has hit Electro Optic Systems with a $4 million penalty after the defence firm admitted to continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts.
Sacked Victorian garbo who shared explicit material wins compensation
A Victorian garbage man who admitted to sharing explicit material at work has been awarded compensation after the Fair Work Commission found he was unfairly dismissed.
Latest MWL Financial adviser DQ’d for steering investors to Shield
A Melbourne adviser is the latest person linked to MWL Financial to be banned for spruiking Keystone Asset Management's failed Shield fund to clients.
Uber slammed for booting driver who touched groin during trip
The Fair Work Commission has criticised Uber for failing to explain the nature of a complaint against a driver, who touched his groin during a trip, before deactivating his account on the rideshare app.
In Mastercard case, judge says suppression bids ‘spiralling out of control’
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.
ASX ‘lacks aspiration’ to oversee critical markets infrastructure, ASIC says
The corporate regulator has delivered a scathing report on exchange operator ASX, finding it has significantly under-invested in technology in favour of delivering short-term dividends to shareholders.
ACCC taps keg supplier’s acquisition of rival for in-depth review
The competition regulator will further probe US keg company MicroStar's proposed acquisition of the assets of rival keg pooling service Konvoy, saying the transaction could substantially lessen competition.
Aged care provider to backpay staff $11M under deal with FWO
Non-profit aged care provider Southern Cross Care has agreed to pay over $11.7 million to 5,500 underpaid staff as part of a court-enforceable undertaking with the Fair Work Ombudsman.
ACCC seeks $36M penalty against Emma Sleep for misleading discounts
The consumer watchdog is pushing for a $36 million penalty against Emma Sleep after it admitted to repeatedly misleading consumers about discounts, but the online mattress retailer says a $2 million fine is adequate.