Investment manager Rodney Forrest must hand over his passport to an ASIC investigator before his sentencing next month for trading in shares in Platinum Asset Management armed with insider intelligence.
Fresh off a record settlement for the Robodebt scandal, the government is facing a new class action over a law that retroactively allowed it to impose card payment surcharges, which the suit says amounts to unjust enrichment.
The privacy watchdog has given a preliminary view that it won’t investigate a class action-style complaint brought by Maurice Blackburn over a 2022 Optus data breach, citing its own proceedings, a court has heard.
ANZ is facing a lawsuit by former CEO Shayne Elliott alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Under new rules that will come into effect in July, large supermarkets like Coles and Woolworths will face $10 million fines for price-gouging.
The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA’s insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
The competition regulator has cited the public interest in its misuse of market power case against Mastercard in fighting suppression applications by the credit card giant and its heavy-hitter customers, including Coles and Visa.
A court has slapped private health insurer Bupa with a $35 million penalty after it admitted to misleading thousands of customers about their benefits for over five years.
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital’s failed First Guardian Master fund.
The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers.