Online trading platform Trade360 will close shop at the end of the month, following an ASIC investigation that found its representatives at an offshore call centre provided personal advice to clients which the company was not licensed to give.
Bank of Queensland is the first bank to be caught for alleged breaches under the new Consumer Data Right scheme, paying a $133,200 penalty.
Embattled mining company Griffin Coal has copped a $4,000 fine after being convicted of failing to meet its financial reporting and officeholder requirements.
A judge has ordered a defunct telecommunications company to pay $450,000 in penalties for flouting orders requiring it to pay out over $63,000 to its customers.
ASIC has called for a $15 million penalty against GetSwift and 12-year bans against its directors, who moved the logistics company overseas as the regulator’s enforcement action was on foot, a move the court on Tuesday said was “unprecedented”.
Retail giants Bunnings and Kmart are facing an investigation by the country’s privacy regulator for using facial recognition technology in their stores.
Insurer Select AFSL acted unconscionably when selling life, funeral and accidental injury insurance over the phone, a court has found in a case brought by the Australian Securities and Investments Commission.
The Australian Securities and Investments Commission has filed civil penalty proceedings against advisory firm Lanterne Fund Services, alleging it ran a âwholly deficient businessâ.
Nufarm Australia has successfully challenged a herbicide patent application by Dow Agrosciencesâ successor on the grounds that the invention â aimed at limiting the worldwide problem of vapor drift â is neither new nor innovative.
Fintech startup Zeller Technologies has taken millennial financial adviser Victoria Devine to court after she succeeded in quashing its application to trade mark the word ‘Zeller’.