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ASIC adopts new rules to speed IPOs
Policy and Regulation 2025-06-10 11:58 pm By Sam Matthews

The corporate regulator has announced a two-year trial for new rules that will streamline the public offering process “to deliver more IPOs” amid a dip in floats. 

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Former CEO of BBY charged over $192M Aquila Resources acquisition
ASIC 2025-06-10 11:58 pm By Cindy Cameronne

The boss of defunct stockbroking firm BBY has been hit with criminal charges over the acquisition of $192 million shares in mining company Aquila Resources. 

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ASIC’s appeal in case against Auto & General rejected as ‘inherently contradictory’
Insurance 2025-06-06 11:50 pm By Julia Kanapathippillai

An appeals court has dismissed the corporate regulator’s “logically inconsistent” appeal against a landmark decision that found insurer Auto & General did not include an unfair term in its contracts.

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Cadbury wins challenge to ‘Crunchiez’ trade mark
Intellectual Property 2025-06-05 11:12 pm By Julia Kanapathippillai

Cadbury has successfully opposed a bid to register ‘Crunchiez Surprize’ as a trade mark, with a delegate finding the mark was deceptively similar to the mark for UK confectionery giant’s  popular Crunchie chocolate bar. 

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Star says it can’t afford $400M penalty sought by AUSTRAC
Gaming 2025-06-04 11:35 pm By Andy Sidler

AUSTRAC wants Star to pay a $400 million penalty for breaching anti-money laundering and counter-terrorism financing laws, while the company claims a penalty of more than $100 million would tip it into liquidation. 

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Meta not ‘innocent bystander’, says ACCC in fight to keep crypto ad case alive
Competition & Consumer Protection 2025-06-04 11:50 pm By Cindy Cameronne

The ACCC is again trying to fend off a strike-out bid by Facebook owner Meta in its case over cryptocurrency ads, arguing Meta has built a system in which the misleading ads can flourish and is not an “innocent bystander”. The regulator lodged the case in March 2022, alleging it breached the Australian Consumer Law…

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Westpac’s RAMS taken to court over ‘widespread’ misconduct across franchise network
ASIC 2025-06-04 12:49 pm By Julia Kanapathippillai

Westpac’s mortgage subsidiary RAMS Financial Group faces penalty proceedings by the corporate regulator after admitting to “widespread” misconduct.

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HSBC manager found bank had ‘no understanding’ of liability under ePayments Code, court told
Financial Services 2025-06-04 11:03 pm By Sam Matthews

ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.

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Choosi misled customers with insurance comparison service, ASIC claims
Competition & Consumer Protection 2025-06-03 11:38 pm By Julia Kanapathippillai

Insurance comparison site Choosi has been taken to court by ASIC for allegedly misleading its users by almost exclusively comparing funeral and life insurance policies from one insurer.

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Penalty in ASIC case against TerraCom to wait until directors’ hearing
ASIC 2025-06-02 10:48 pm By Julia Kanapathippillai

Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial. 

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