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Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for "intemperate" remarks its founder made in the media about the legal system.
Westpac has paid back $50 million plus interest and super to 47,000 current and former staff who were underpaid over an 11-year period.
ASIC has lodged an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance's former boss and another executive over a sales incentive scheme.
ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.
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.