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Australian Clinical Labs hit with $5.8M penalty over data breach
Privacy & Cybersecurity 2025-10-08 11:48 pm By Cat Fredenburgh

In the first-ever civil penalty proceedings for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has been ordered to pay $5.8 million over a 2022 data breach that compromised the sensitive personal information of 223,000 customers of its Medlab business.

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ATO officer lied, tampered with evidence, judge says in staying fraud case
Tax 2025-10-07 11:07 pm By Cindy Cameronne

A judge has ordered federal prosecutors to drop a criminal tax fraud case against a medical researcher, finding an ATO officer lied and tampered with evidence during the probe.

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ASIC approves Cboe’s application to compete with ASX for IPOs
Securities 2025-10-07 11:11 pm By Cindy Cameronne

The Australian Securities and Investments Commission has approved Cboe’s application to list companies on its platform, in direct competition with market operators, including the Australian Securities Exchange.

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Man sentenced for insider trading ahead of $20M Cann Group share placement
White Collar 2025-10-07 11:37 pm By Cat Fredenburgh

A Victorian man has pleaded guilty and been sentenced for trading on insider information ahead of the public announcement of a $20 million share placement for medical cannabis company Cann Group.

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ASIC says 15 auditors likely did not comply with independence rules
ASIC 2025-10-07 11:56 pm By Cat Fredenburgh

A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.

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Telstra hit with $18M penalty in ACCC case over Belong speeds
Competition & Consumer Protection 2025-10-03 3:25 pm By Sam Matthews

Telstra has been ordered to pay $18 million in ACCC proceedings, after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider Belong.

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ASIC sues Fiducian Group over ESG representations
ASIC 2025-10-03 3:37 pm By Sam Matthews

Looking to continue its hot streak of successful anti-greenwashing cases, the corporate regulator has taken Fiducian Investment Management to court over allegedly misleading representations about its ESG fund.

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Hall Chadwick NSW failed to prevent auditor rotation breaches: ASIC
Accounting 2025-10-02 12:32 pm By Cindy Cameronne

The Australian Securities and Investments Commission has accepted court-enforceable undertakings from Hall Chadwick NSW and three of its auditors after finding the firm’s systems failed to detect breaches of auditor rotation requirements. 

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Cbus admits liability in ASIC death benefit case, faces penalty hearing
ASIC 2025-10-01 11:21 pm By Christine Caulfield

Super fund Cbus has made admissions in the corporate regulator’s case over long delays in the processing of $20 million in death and disability claims, with the action to progress directly to penalty.

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Construction PRO
Brisbane Olympics procurement ‘highly susceptible’ to cartel conduct: ACCC
Construction 2025-10-02 11:15 pm By Christine Caulfield

Warning of the propensity for major events procurement to attract cartel conduct, the competition regulator is encouraging the Queensland government to share data on bids for Brisbane Olympics projects.

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