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Massage parlour that threatened to kill underpaid workers’ families hit with $1M penalty
Employment 2024-05-13 9:59 pm By Andy Sidler

A Canberra massage parlour that systematically underpaid, intimidated and exploited migrant workers, including by threatening to kill their family members if they complained, has been hit with a $1 million penalty. 

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AlphaThorn investment manager pleads guilty to forging performance reports 
Financial Services 2024-05-13 11:18 pm By Andy Sidler

A former AlphaThorn investment manager has pleaded guilty to charges of forging performance reports for two products to woo potential investors.

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JP Morgan cops $775,000 fine for ‘careless’ failure to flag suspicious commodities trading
Securities 2024-05-09 11:19 pm By Andy Sidler

Investment bank JP Morgan Securities has been fined $775,000 by the corporate cop after it failed to interrogate a number of unusual orders on wheat futures that should have raised red flags.

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Veteran information regulator to take the reins at OAIC
Privacy & Cybersecurity 2024-05-09 11:38 pm By Cat Fredenburgh

A veteran regulator with decades of government experience has been appointed to lead the Office of the Australian Information Commission amid a major overhaul of privacy laws and simmering controversies over AI, children’s privacy and data security.

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‘Get the coffees’ request to senior engineer not gender-based harassment, FWC finds
Employment 2024-05-07 11:02 pm By Cindy Cameronne

A request to a female senior engineer for WSP to “get the coffees” during a client meeting did not amount to gender-based harassment, the Fair Work Commission has found in rejecting the engineer’s unfair dismissal claim.

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Qantas to pay $120M to settle ACCC’s ‘ghost flights’ case
Competition & Consumer Protection 2024-05-06 8:29 am By Christine Caulfield

Qantas will pay a $100 million penalty and another $20 million in compensation in a settlement of the ACCC’s so-called ghost flights case that includes an admission by the airline that it engaged in misleading and deceptive conduct in selling tickets for cancelled flights.

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Qoin crypto issuer made misleading statements, court finds in win for ASIC
Cryptocurrency 2024-05-03 11:15 pm By Cindy Cameronne

A court has found Qoin cryptocurrency issuer BPS Financial made false and misleading claims about its product, in a win for the corporate regulator and a likely boost for a class action against the Gold Coast-based digital currency company.

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Lawyer’s miscalculation justifies extension in Santos engineer’s unfair dismissal case, FWC says
Employment 2024-05-01 1:43 pm By Sam Matthews

A former engineer with Santos has won a bid for more time to bring a claim against the energy giant, with the Fair Work Commission finding “an error in arithmetic” by her lawyer was a reasonable explanation for the out-of-time filing.

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ASIC takes Magnis Energy, chair to court over battery plant disclosures
Securities 2024-04-30 3:59 pm By Andy Sidler

ASIC has brought proceedings against renewables company Magnis Energy Technologies and its executive chairman for allegedly misleading the market about the capabilities and funding for the company’s “flagship” battery production facility in New York. 

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ASIC bans Centrepay credit lines at Urban Rampage stores
Financial Services 2024-04-29 11:24 pm By Andy Sidler

Concerned that First Nations customers are being targeted, the corporate regulator has ordered the owner of the Urban Rampage clothing chain to end Centrepay credit facilities.

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