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ACCC worried Cleanaway’s $110M Citywide tie-up may trash competition
Corporate 2024-11-14 11:40 pm By Julia Kanapathippillai

Australia’s competition watchdog is concerned Cleanaway’s proposed acquisition of Citywide could reduce competition in the waste management sector.

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ASIC slams ‘false’ premise of payday lender BSF’s appeal
Financial Services 2024-11-14 11:08 pm By Cindy Cameronne

ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.

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MinRes admits it should have disclosed related-party transactions
Energy & Natural Resources 2024-11-13 4:23 pm By Andy Sidler

Facing a probe by the corporate regulator, mining giant Mineral Resources has admitted that it should have disclosed transactions relating to managing director Chris Ellison’s company. 

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Consumer watchdog to target ‘NDIS approved’ advertising claims
Competition & Consumer Protection 2024-11-13 5:23 pm By Julia Kanapathippillai

The consumer regulator is planning lawsuits over misleading advertising by businesses targeting National Disability Insurance Scheme participants.

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Cbus dragged to court by ASIC for $20M in claim delays
Financial Services 2024-11-12 11:51 pm By Christine Caulfield

The superannuation fund of the construction industry has been hit with ASIC enforcement action, accused of long delays in processing the death and disability claims of thousands of members.

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Noumi privilege ruling could undermine ASIC investigations, Full Court told
Appeals 2024-11-12 11:15 pm By Sam Matthews

ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.

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Domestic airfares soared after collapse of regional carrier Rex, ACCC finds
Competition & Consumer Protection 2024-11-12 2:32 pm By Julia Kanapathippillai

Australia’s consumer regulator has found that domestic airline customers are facing less choice and higher prices following the collapse of regional airline Rex.

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Companies need to report basis for climate change statements, says ASIC
Climate change 2024-11-12 1:55 pm By Cindy Cameronne

ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.

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Investment manager’s not-so ‘Golden Method’ leads to jail time
White Collar 2024-11-11 3:45 pm By Julia Kanapathippillai

A former investment manager who provided investors with forged portfolio reports about his ‘Golden Method’ trading strategy has been sentenced to three years in jail.

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Optus slapped with $12m penalty over Triple-0 outage
Telecommunications 2024-11-08 2:36 pm By Julia Kanapathippillai

Optus has been hit with a $12 million penalty over a “preventable” nationwide network outage in November 2023, which left thousands of customers unable to make emergency calls.

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