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In loss for TerraCom, Full Court finds ASIC can view PwC report
Coal mining firm TerraCom has lost its Full Court bid to shield a PricewaterhouseCoopers report from ASIC, on appeal from a judgment which found the regulator could view the report because of public statements made by the company.
Apollo offers divestiture to win ACCC approval for THL acquisition
Campervan company Apollo has offered to divest 80 per cent of its motorhome rental fleet in Australia to win ACCC approval for its tie-up with New Zealand competitor THL.
Mercedes-Benz hit with $12.5M penalty for downplaying Takata airbag recall
Mercedes-Benz has been hit with $12.5 million in penalties for failing to use attention capturing, high impact language when communicating with customers about a compulsory recall of potentially deadly Takata airbags.
iSignthis auditor Grant Thornton hit with criminal charges
Grant Thornton and former director Bradley Taylor appeared in court Thursday, facing charges of failing to ensure the 2018 audit of fintech firm iSignthis was conducted in accordance with auditing standards.
G&S can’t shield emails about legal advice in suit over Mount Pleasant coal mine
Engineering services firm G&S has lost a bid to shield emails about “the need to obtain legal advice” in a $270 million dispute with the operator of a NSW open-cut coal mine.
Fonterra wins challenge to patent for vegan dairy product
IP Australia has rejected the patent application of animal-free dairy and protein company Perfect Day, following a challenge by New Zealand dairy giant Fonterra.
Booktopia to pay $6M to settle ACCC case over refunds policy
Online book retailer Booktopia has agreed to a $6 million penalty to resolve action brought by the consumer regulator alleging its refund policy was misleading.
J Hutchinson, CFMEU fined $1.35M for construction boycott
Builder J Hutchinson and the CFMEU have been fined a combined $1.35 million for entered into an anti-competitive agreement to boycott an independent subcontractor at a construction site in Brisbane.
AUSTRAC investigates Perth Mint for financial crimes
AUSTRAC has appointed an external auditor to Perth Mint, Australia's official bullion mint, to assess its compliance with anti-money laundering and counter-terrorism financing laws.
‘No real contrition’: ASIC seeks $17.5M penalty against AMP in fees for no service case
ASIC has told a judge AMP should face a $17.5 million penalty for deducting $356,000 from customers' superannuation accounts for advice they never received, saying the wealth manager had shown "no real contrition" for its conduct.