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The Australian Securities and Investments Commission's new chair Joseph Longo has defended his team's work in reviewing the Nuix prospectus before the embattled tech company's $2.9 billion float late last year.
Labor Senator Deborah O'Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.
The Australian Competition and Consumer Commission is seeking a $1.2 million penalty against Victorian electric utility Sumo Power for luring customers with the promise of discounts and low rates only to jack up their prices months later.
Industry super funds AustralianSuper and IFM Investors - the consortium behind the interest rate swap at the centre of the corporate watchdog's insider trading case against Westpac -- have asked a judge to shield commercially sensitive information from the public as the high-profile action unfolds.
A tribunal has rejected a bid for review of ASIC's decision to permanently ban an RI Advice financial planner who was accused of double charging his clients.
Tabcorp-owned Tatts Group has appealed a finding from the Commissioner of Taxation that it cannot deduct a $120 million lotto licence from it assessable income for the 2017 financial year.
Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Combatting "opportunistic" class actions is one of the main drivers behind proposed legislation to reform Australia's continuous disclosure laws, but the federal treasury department has brushed off a Senate committee's request for a list of cases apparently deserving of the derogatory tag.
The ACCC has cleared Woolworths' planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant's proposed undertaking to maintain independence between the company for three years.
Volkswagen has asked the High Court to throw out a a landmark $125 million penalty over its emissions cheating scandal, the highest ever handed down in Australia for consumer law violations.