On questioning by a judge, Star’s former top lawyer has denied making a mistake by failing to tell the board about issues with junket Suncity in May 2018, but said her view was different now with hindsight.
The trustee for Active Super has been ordered to pay a $10.5 million penalty for misleading members about its investments in gambling, oil tar sands and Russian companies.
During trial on Monday, ASIC also accused Star’s former top lawyer of giving false evidence about alleged cash for chip transactions in junket operator Suncity’s VIP room.
ExxonMobil Australia and Woodside Energy have approved a final investment for a project to drill new wells offshore in Victoria’s Gippsland Basin.
The Australian Securities and Investments Commission will seek to wind up investment firm Falcon Capital after obtaining freezing orders over its assets.
The corporate regulator has asked the Full Court to stamp out avenues for corporate mischief, as it challenges a finding about the authorised representative exemption to the licence requirement of financial services providers.
The Albanese government has pledged to extend unfair trading practice protections under the Australian Consumer Law to small businesses.
ASIC is having another go at cyber enforcement after its first case accusing a company of breaching the Corporations Act by failing to have adequate cybersecurity systems largely flopped.
The competition watchdog has raised concerns with stevedoring company DP World Australia’s proposed $174 million acquisition of logistics provider Silk, saying it may lead to higher prices.
The Star’s former CEO has told a court he thought a general counsel was “painting very dramatic pictures” when he voiced concerns about cash transactions in junket operator Suncity’s VIP room.