The corporate cop has launched a formal investigation after the airing of tax evasion allegations against Mineral Resources’ billionaire founder, Chris Ellison.
A judge has dismissed the corporate regulator’s case alleging former Dixon Advisory director Paul Ryan breached his director’s duties.
A “time poor” judge’s extensive copying and pasting of submissions and an offensive tweet by senator Pauline Hanson were at the centre of the week’s biggest litigation wins.
ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.
ASIC has won its case against insurer HCF Life over a pre-existing condition term that was likely to mislead the public, but failed to convince the court that it was an unfair contract term.
The corporate regulator has warned financial services and credit licensees to get ahead of the curve in regulating the use of AI, particularly in the face of novel risks that include algorithm bias.
The corporate regulator has brought court action against QBE Insurance alleging it misled over half a million customers over policy discounts.
The CEO of defunct cryptocurrency exchange Mine Digital has faced court charged with fraud linked to a $2.2 million transaction.
The former CEO of fintech iSignthis would need a loan to pay a $1.5 million penalty sought by the corporate regulator for breaches of directors duties, a court has heard.
A judge on Friday rejected Latitude Finance’s defence in ASIC’s case over Harvey Norman’s ‘interest-free’ ads that no reasonable consumer would expect “a charitable free lunch”.