Most Recent
Blockchain mining firm NGS wound up for ‘blatant’ contraventions
A court has ordered the winding up of blockchain mining firm NGS Group and related companies, finding they operated in "blatant" violation of the Corporations Act.
Macquarie agrees to pay $35M penalty in ASIC’s first short-sale reporting case
Macquarie Securities has agreed to pay a $35 million penalty in a civil suit brought by the Australian Securities and Investments Commission alleging systemic misreporting of short sales over a 14-year period.
ANZ cops $250M penalty, judge tacks on $10M for ‘inexcusable’ bond conduct
A judge has ordered ANZ to pay $250 million in penalties in four cases by ASIC – $10 million more than the bank had agreed to pay – saying ANZ had "substantially deceived” the government by overstating bond trading volumes.
Bendigo Bank faces regulatory action for risk management weaknesses
AUSTRAC has launched an investigation into Bendigo and Adelaide Bank's compliance with anti-money laundering laws, as APRA directs the bank to hold a capital add-on of $50 million.
Netwealth admits First Guardian failures in ASIC case, will pay $100M
Super trustee Netwealth has agreed to return over $100 million to members who invested their retirement savings in the First Guardian Master Fund, in the latest action by the corporate regulator over the failed fund.
ACCC opposes Yamaha’s bid to acquire boat maker Telwater
The ACCC has opposed Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater, saying it would result in the substantial lessening of competition in the wholesale supply of outboard motors.
Construction PRO
ACCC approves Coles supermarket lease acquisitions after divestment
The ACCC has given Coles the green light to acquire two leasehold interests to launch new supermarkets in Melbourne's rapidly developing west after the supermarket giant agreed to divest its ownership and interest in its Kororoit Town Centre site.
Apple wants to rob judgment of ‘bite’ in Epic Games case, court told
Orders proposed by Apple after a judge’s finding that the digital giant and rival Google engaged in anti-competitive conduct would “rob the court’s findings of their detail, their efficacy and their bite”, Epic Games has said.
Former Bruck Textile CEO has conviction overturned
An appeals court has quashed the conviction of the former CEO of Bruck Textile Technologies, finding it was not open to the court to convict him despite his guilty plea.
‘No way to break glass ceiling’: FWC raps non-profit for cuts to men’s pay
The Fair Work Commission has criticised a non-profit after two male social workers were demoted and their pay docked by $10,000 to address complaints by their female colleagues about pay disparity.