The fifth and final defendant named in a criminal proceeding over a $105 million tax fraud involving payroll services company Plutus Payroll has been found guilty for his part in the scheme.
Tesla Motors Australia former director Kurt Schlosser has been given a suspended sentence for trading in shares of a lithium supplier based on insider information.
A law firm and several peak bodies for professionals in the corporate sphere have criticised the Australian Securities and Investments Commission’s enforcement track record, saying the regulator is inefficient and fails to properly address misconduct.
Star Entertainment has pleaded guilty in Queensland to seven charges of allowing the purchase of gambling chips with a credit card, months after being with a $100 million fine for violating the state’s gambling laws.
A former JPMorgan executive has been charged with eight counts of fraud for allegedly misappropriating $940,350 from clients of his defunct companies, Guevara Capital and Online Trading Capital.
ANZ has been hit with a $10 million penalty in a case brought by the Australian Securities and Investments Commission alleging the bank’s home loan ‘introducer’ referral program breached credit laws.
Facebook will face a penalty in the Australian Competition and Consumer Commission’s case alleging it misled consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private.
The former managing director and CEO of Bingo Industries should be sentenced to imprisonment for aiding and abetting the waste company in fixing prices for demolition waste services in Sydney, a court has heard.
The High Court has revoked special leave to Facebook to challenge a case by the privacy commissioner, finding that the social media giant’s grounds of appeal no longer involved issues of public importance.
The ACCC will monitoring the pricing and supply of essential services such as energy and telecommunications as well as interest rates in 2023 as cost of living pressures continue to bear down on consumers.