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The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator's case over excessive delays in processing $20 million in death and disability claims.
The corporate cop has launched two new cases and sought approval to bring a third action over financial advice that led customers to sink hundreds of millions of dollars in retirement savings into the failed Shield and First Guardian investment funds.
John Holland and the CFMEU have voluntarily nixed agreements requiring the construction company to use certain labour hire businesses on two major projects in NSW, after the ACCC raised competition concerns.
ASIC has called for a court to strike out negligence and public misfeasance claims in a suit by billionaire Clive Palmer alleging the regulator and its chief investigator were "improperly influenced” by corporate rivals.
Ubiquitous child entertainment group The Wiggles has admitted it likely breached consumer laws by selling Emma light-up headbands without warning consumers the dress-up toy contained button batteries, which can be fatal if swallowed.
Penalties imposed for disclosure breaches will hit two directors of e-commerce firm Open4Sale where it hurts, after a court on Tuesday barred the pair from having recourse to any indemnity by the company.
ASIC has filed proceedings against mineral exploration company AVZ Minerals and two of its directors, alleging the company failed to disclose a critical legal dispute, including a forgery claim, relating to a $32 million lithium mine deal.
Construction PRO
Waste management firm Veolia has agreed to pay $1 million after admitting that it failed to use required odour source controls for its landfill site in Hampton Park, Victoria.
Mobil Oil has agreed to pay a $16 million penalty after admitting it ran false ads in far North Queensland claiming it was selling a specific brand of fuel with certain benefits, when in fact it was suppling ordinary fuel.
In its case accusing Australian Gas Networks of greenwashing with ads promising gas was “becoming renewable”, the consumer regulator is pushing the company to identify who it says had reasonable grounds for the statements.