The former managing director of property developer Ralan Group could face up to 60 years in prison after pleading guilty to six fraud offences over loans the defunct corporate group took out to fund several projects in Sydney.
The practitioner accused in court of promoting tax exploitation schemes to clients was a former partner at EY who was terminated last year after allegedly disclosing $700,000 in unauthorised benefits, the consulting giant has confirmed.
Trial in a defamation suit by Mayfair 101 founder James Mawhinney over a media release issued by ASIC has been pushed off until the outcome of the regulator’s second go against the investment spruiker.
Qantas has hit back at the ACCC’s case alleging it sold thousands of tickets on cancelled flights for commercial gain, saying airlines cannot guarantee flights will run as planned.
An IP Australia has knocked back PayPal’s bid to patent an AI-powered model for making purchase or donation recommendations to online shoppers at checkout, rejecting simplistic considerations of AI-related inventions.
Two units of electricity giant AGL Energy will pay penalties totalling $6 million for being unable to make good on their promise to be on standby to release electricity to help prevent blackouts.
Charges have been laid against two financial services companies associated with investment promoter David Henty Sutton, who was slapped with a lifetime ban by the corporate regulator this year.
Former Dixon Advisory director Paul Ryan will ask the court for a suppression order protecting advice by a Big Six firm, as he defends ASIC’s claim that he failed to consider creditors when executing a deed that affected the company’s ability to recoup a $19 million debt.
A judge has blocked ASIC from running a new case seeking penalties against investment group M101 Nominees and founder James Mawhinney on remittal from the Full Court, after the regulator admitted it made errors at its initial trial.
A judge has rejected Facebook owner Meta’s request to pause a case by the Australian Competition and Consumer Commission over scam cryptocurrency ads until a private criminal action by mining magnate Andrew Forrest is decided.