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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
Financial Services 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing orders won by the regulator earlier this month.

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ACCC, Fujifilm ‘close’ to settling case over small biz contracts
Competition & Consumer Protection 2022-06-08 4:14 pm By Cindy Cameronne

The Australian Competition and Consumer Commission is “close” to settling its case against office supply company Fujifilm over allegedly unfair contracts with small businesses, a court has heard.

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Nufarm takes Advanta Seeds to court after patent lapse held to be lawyers’ error
Intellectual Property 2022-06-08 4:59 pm By Sam Matthews

Agricultural chemical company Nufarm has appealed a decision giving rival Advanta Seeds extra time to pay a renewal fee for its patent for a hybrid plant cell after correspondence from its lawyers was sent to employees that had left the company and the patent renewal fell through the cracks.

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ASIC wins guilty plea from investor who posted about ‘fun and games’ of market manipulation
White Collar 2022-06-07 4:44 pm By Harry Thomas

A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the “fun and games and cat and mouse of the stock market” has pleaded guilty to market manipulation.

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ASIC sues online lender Sunshine Loans over ‘prohibited’ fees
Financial Services 2022-06-07 12:53 pm By Sam Matthews

The Australian Securities and Investments Commission has sued Queensland-based Sunshine Loans for allegedly charging over $320,000 in prohibited fees.

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Property developer Sasha Hopkins to face ASIC grilling
Real Estate 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team Property Group.

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‘High prices, worse service’: Optus CEO lashes proposed TPG-Telstra deal
Competition & Consumer Protection 2022-06-01 10:19 pm By Harry Thomas

The CEO of Optus has come out swinging against a proposed 10-year agreement between TPG and Telstra to share mobile network infrastructure and spectrum in parts of regional Australia, warning it would harm consumers.

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Sacking of ANU professor who went skinny dipping with student not unfair, FWC says
Employment 2022-05-31 3:20 pm By Sam Matthews

The Fair Work Commission has overturned a finding that an Australian National University professor was unfairly fired over a 30-minute “intimate” beach encounter with a student, saying the student was unfairly cast as an “embittered seductress.”

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Van Eyk Research ex-CEO pleads guilty to dishonesty
White Collar 2022-05-31 9:12 pm By Cindy Cameronne

A former CEO of defunct investment research firm van Eyk has admitted to breaching his duties by using his position as director of a subsidiary to dishonestly retain control of the company.

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Roof tiling companies to cop penalty in ACCC cartel case
Competition & Consumer Protection 2022-05-31 9:20 pm By Cat Fredenburgh

Two Sydney roof tiling businesses have made admissions in civil penalty proceedings brought by the Australian Competition and Consumer Commission alleging they rigged bids for construction at the University of Sydney.

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