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Big Un’s CFO charged with insider trading in latest action over failed company
White Collar 2023-06-13 3:49 pm By Christine Caulfield

The former chief financial officer of Big Un has become the third person to be charged with insider trading connected to shares in the defunct video producer.

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Armaguard, Prosegur merger wins clearance from ACCC with conditions
Competition & Consumer Protection 2023-06-13 4:22 pm By Christine Caulfield

Armaguard and rival Prosegur have secured authorisation for their proposed merger from the ACCC, which has found the likely reduction in competition in the cash transport industry was outweighed by the public benefits of the transaction.

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JWS nabs BHP vice president for Melbourne tax practice
Johnson Winter Slattery 2023-06-08 2:16 pm By Gareth Baker

Johnson Winter Slattery has appointed senior tax specialist Don Spirason, former Vice President of Tax at BHP, as a special counsel based in Melbourne. Spirason joins JWS with more than 20 years’ tax experience, including more than 10 years at BHP and 5 years at Foster’s Group. Beginning his career at Corrs Chambers Westgarth, he…

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ATO denies telling tax board to wind back PwC leak inquiry
Tax 2023-06-07 11:30 pm By Cindy Cameronne

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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CBA hit with $3.55M penalty for ‘alarming’ spam breaches
CBA 2023-06-07 4:58 pm By Gareth Baker

Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.

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ANZ lashes rival’s ‘distorted’ arguments in final push for $4.9B Suncorp deal
Competition & Consumer Protection 2023-06-07 5:05 pm By Gareth Baker

ANZ has rubbished arguments from a competitor and the ACCC that its merger with Suncorp’s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a “distorted and selective view” of the proposal.

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Court action launched over Tanya Plibersek’s ‘irrational’ coal mine approvals
Energy & Natural Resources 2023-06-06 12:29 pm By Gareth Baker

Climate justice groups have launched a challenge to federal environment minister Tanya Plibersek’s decision to expand two proposed mega coal mines in NSW, arguing her refusal to accept the scientific evidence of climate risk was irrational and unlawful. 

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Dell admits duping customers about price of add-on monitors, says sorry
Competition & Consumer Protection 2023-06-06 3:14 pm By Gareth Baker

Dell Australia has apologised to consumers and admitted misleading those who purchased add-on computer monitors by inflating the pre-discount price, sometimes to more than the product’s normal retail value.

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Clifford Chance lures competition partner from Clayton Utz
People In The News 2023-06-06 4:29 pm By Gareth Baker

Clifford Chance has added former Clayton Utz competition and consumer law partner Elizabeth Richmond to the firm’s global antitrust team in Sydney.

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