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Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.
The federal government will take on $50 million of Rex Airlines' debt to keep the troubled regional carrier flying.
A judge has deferred the question of what penalties Harvey Norman and Latitude Finance should face in a case by ASIC until their appeals are heard, noting the “regrettable” fragmentation of the case.
After 30 years at the Australian Competition and Consumer Commission, the watchdog's CEO will take the reins as chief of the corporate regulator.
A court has ordered ASX-listed childcare company G8 Education to advance the legal costs of its embattled former chair, Jennifer Hutson, who faces a criminal trial next month.
ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company's financial position.
An appeals court has overturned a finding that food company Noumi waived privilege over a PwC report commissioned by Ashurst, which it produced to ASIC under voluntary disclosure.
A judge has found that representatives for forex broker Union Standard used unfair tactics to pressure customers to invest in risky financial products and derived most of their revenue from customer losses, said to total $83 million.
ASIC has sued credit contractor Swoosh Finance for allegedly providing unsuitable loans with high fees and interest rates to customers who showed "clear signs of financial distress".
Crypto firm Binance deprived hundreds of customers of consumer protections by misclassifying them as wholesale clients and allowing them to buy risky derivatives, ASIC says.