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A Sydney accountant who was jailed in 2019 for perverting the course of justice has lost his latest battle with the tax office, with a judge tossing four taxation appeals by related entities after finding his evidence about over $21 million in wrongly claimed tax deductions was “entirely lacking in credibility”.
AUSTRAC has launched proceedings against gaming club group Mounties, alleging the company engaged in serious and systemic non-compliance with anti-money laundering and counter terrorism financing laws.
Banks have agreed to refund low income customers a total of $93 million in excessive fees following an investigation by ASIC, but the Commonwealth Bank has refused to make $270 million in further repayments.
A judge has signed off on a $9 million penalty against online flight bookings service Webjet for misleading air travelers about prices and bookings.
The Full Court has rejected ASIC's appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web.
Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.
Companies in the steel empire of billionaire Sanjeev Gupta have been ordered to lodge outstanding annual financial reports after the corporate regulator brought court action.
Glencore Coal has lost its case against the Port of Newcastle alleging it has been overcharged shipping fees based on a determination by the competition watchdog.
The Finance Sector Union has taken Commonwealth Bank to the Fair Work Commission over the alleged "sham redundancy” of over 100 positions it says are being offshored to India in breach of an enterprise agreement.