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ASIC takes property investment spruiker Sasha Hopkins to court
ASIC 2023-07-26 2:45 pm By Gareth Baker

ASIC is calling for disqualification orders and penalties against property guru Sasha Hopkins, alleging he hawked real estate investment opportunities on social media that raised over $32 million without a licence. 

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Vanguard Investments accused of greenwashing in ASIC court action
Financial Services 2023-07-25 2:09 pm By Christine Caulfield

ASIC has brought enforcement action against Vanguard Investments Australia, accusing the investment firm of misleading claims that its ethically conscious hedge fund screened securities for their environmental, social and good governance bona fides.

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In a first, Lactalis hit with $950,000 penalty for Dairy Code breaches
Competition & Consumer Protection 2023-07-25 11:11 pm By Cat Fredenburgh

Dairy processor Lactalis Australia has been hit with a $950,000 penalty in the first proceedings against a company for breaches of the Dairy Code.

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ACCC delays decision on $4.9B ANZ, Suncorp merger
Competition & Consumer Protection 2023-07-24 11:10 pm By Cat Fredenburgh

The competition regulator has delayed its final decision on whether to approve ANZ’s $4.9 billion acquisition of Queensland-based Suncorp, after expressing worries the tie-up could stifle the growth of smaller banks.

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Costco in hot water over lobster country of origin claims
Competition & Consumer Protection 2023-07-21 2:26 pm By Sam Matthews

Wholesale retailer Costco has paid a penalty of $33,000 to the consumer watchdog after being caught out for labelling imported lobster as locally sourced.

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ACCC flags concerns with Coles acquisition of Saputo dairy plants
Competition & Consumer Protection 2023-07-20 12:30 pm By Gareth Baker

The ACCC has raised concerns about Coles plans to acquire milk processing plants from Saputo, with the regulator saying the transaction — marking the first time a supermarket chain has ventured into the processing market — would be a “major structural change”.

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ACL’s $1.5B tie-up with Healius rings alarm bells for ACCC
Competition & Consumer Protection 2023-07-20 3:07 pm By Gareth Baker

The proposed $1.5 billion merger of Australian Clinical Labs and Healius — two of Australia’s largest pathology services providers — is likely to substantially lessen competition, the ACCC has warned.

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Equal pay rules don’t apply retrospectively, FWC says in Peter Rowland chef’s case
Employment 2023-07-19 10:32 pm By Gareth Baker

A former chef of catering company Peter Rowland Group has lost her fight for gender pay equality, with the Fair Work Commission accepting the merits of her claim but ruling the legislation that covers equal pay can apply only to current employees.

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Cryptocurrency exchange FTX Australia loses financial services licence
Financial Services 2023-07-19 3:58 pm By Sam Matthews

The corporate watchdog has cancelled the AFS licence of FTX Australia, the Australian subsidiary of collapsed cryptocurrency exchange FTX.

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Regulator’s files disclosed in HWL Ebsworth data breach
Privacy & Cybersecurity 2023-07-18 9:32 pm By Sam Matthews

The Fair Work Ombudsman has revealed that its files were among those exposed in a cyberattack against law firm HWL Ebsworth.

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