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Choosi misled customers about comparison service, judge says
In a win for ASIC, a judge has found Choosi misrepresented that its service compared policies from a range of funeral and life insurers, when just two brands were compared.
Former Sequoia boss banned for 10 years over Shield, First Guardian
Former Sequoia CEO Garry Crole has been disqualified for 10 years for his oversight of subsidiary Interprac, whose representatives advised thousands of clients to invest in the failed First Guardian and Shield funds.
Melbourne Uni loses challenge to professor’s reinstatement
The University of Melbourne has lost its appeal of a decision ordering it to reinstate an academic who was sacked for allegedly harassing a female colleague.
ASIC reveals 3 KPMG probes, 500 audit complaints against Big Four
The Australian Securities and Investments Commission is reviewing 551 audit-related complaints against KPMG, PwC, Deloitte and EY as part of surveillance triggered by the recent whistleblower scandal.
ASIC remains ‘concerned’ about private credit market
As residential developer Bathla struggles to secure more funds to stay afloat, the Australian Securities and Investments Commissionr told a senate committee hearing it had been concerned about the private credit market for the past 24 months.
Price-fixing parties should have met ‘without bread and water’ until conferral complete: judge
A judge has scolded the parties in a price-fixing case against Downer EDI's Spotless and Ventia for not conferring long enough to finalise critical documents ahead of trial, saying he should have ordered they stay in a room "without bread and water" until the task was complete.
ACCC clears Peter Warren’s Wakeling acquisition with divestitures
The ACCC has approved Peter Warren Automotive's acquisition of Wakeling Automotive Group’s new car dealerships after it agreed to divest eight sites amid the regulator's concerns about competition in Sydney's Macarthur region.
Law professor fights dismissal recommendation over alleged student kiss
A Sydney-based law professor is challenging a university investigator's dismissal recommendation following allegations he kissed a student during a study tour in Paris.
ING hit with $50M capital penalty by APRA over liquidity breaches
The Australian Prudential Regulation Authority has imposed a $50 million capital penalty and other licence conditions on ING Australia, after the bank breached minimum liquidity requirements over several years.
ACCC gives final nod to Google, Epic Games settlement
The competition regulator has given final approval to a settlement between Fortnite maker Epic Games and Google that resolves allegations the digital giant misused its market power.