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Ex-EY partner’s reputation ‘only thing of value to him’, court told
Tax 2024-12-17 4:20 pm By Cindy Cameronne

An ex-EY partner accused of pocketing $700,000 in commissions in a tax loss scheme wants to vindicate his reputation at trial but is weighing whether to keep his silence, a court has heard.

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AUSTRAC accuses online betting firm Entain of money laundering failures
Gaming 2024-12-17 1:37 pm By Andy Sidler

The operator of online gambling sites Ladbrokes and Neds has been taken to court by AUSTRAC for alleged “systemic” money laundering compliance failures.

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Mobil taken to court for ‘misleading’ statements about fuel
Energy & Natural Resources 2024-12-17 11:51 pm By Julia Kanapathippillai

The ACCC alleges Mobil Oil breached consumer laws by falsely claiming it was selling a specific brand of fuel at six Far North Queensland stations.

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ASIC suit claims HSBC failed to protect customers from scams
ASIC 2024-12-16 11:15 pm By Julia Kanapathippillai

ASIC has launched legal proceedings against HSBC, alleging the bank did not have appropriate controls to protect customers from scammers.

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Lead auditor for collapsed Greensill suspended for multiple failures
Financial Services 2024-12-16 11:13 pm By Cindy Cameronne

The lead auditor for the collapsed Greensill group, which was wound up in 2021 with claims over $1.7 billion, has been suspended until June 2026 for failing to adequately carry out his duties. 

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Online florist Meg’s Flowers to pay $1M penalty for dodgy ‘local’ claims
Competition & Consumer Protection 2024-12-16 11:36 pm By Julia Kanapathippillai

Online florist Meg’s Flowers has been hit with a $1 million penalty for falsely claiming on websites and online ads that it was a local florist.

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NRL referee loses second appeal over alleged unfair sacking
Sports 2024-12-16 11:38 pm By Julia Kanapathippillai

A former referee who accused the NRL of unfair dismissal has lost a second appeal against a Fair Work Commission decision that found he was not sacked.

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Judge hearing Cbus case slams ‘false economy’ of concise statements
Suresh Senathirajah 2024-12-13 11:16 pm By Sam Matthews

The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.

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Spotless, Ventia in court over alleged price-fixing on Defence contracts
Competition & Consumer Protection 2024-12-12 1:23 pm By Julia Kanapathippillai

Facilities services companies Spotless and Ventia and four executives have been taken to court by the competition watchdog, accused of fixing prices on Defence contracts.

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Kraken crypto exchange operator Bit Trade must pay $8M penalty
Cryptocurrency 2024-12-12 5:03 pm By Julia Kanapathippillai

The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.

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