News

The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.

Major changes to Australian competition law that include a ban on companies engaging in concerted practices have passed Parliament, and the competition watchdog says it’s ready to crack down on offenders.

Supermarket chain ALDI has taken its personal hygiene wipes off the shelves after the consumer regulator questioned the company’s promotion of the product as flushable.