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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.
The ACCC is concerned Acciona’s proposed acquisition of the East Rockingham waste-to-energy project would remove competition between the only two such facilities in Western Australia.
ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”.
Construction PRO
A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.
The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.
ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.
The former chairman of BBY has been charged with aiding and abetting dishonest conduct while head of the board at the defunct stockbroking firm.
Flu vaccine maker Seqirus has successfully opposed Moderna’s proposed patent for a mRNA vaccine, but an IP Australia delegate said the problems with the patent can be overcome by amendments.
The Fair Work Ombudsman has launched action against a labour hire company for allegedly failing to pay compensation to a pregnant worker sacked from the Royal Hotel Granville.
A former director of collapsed Melbourne derivatives broker Berndale Capital Securities will spend a year in jail after pleading guilty to offences connected to his misuse of company funds.