Christine Caulfield

A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.

Victoria will pay $125 million in a settement finalised on Monday in a class action over the state's COVID-19 hotel quarantine program.

The NACC has released its report after a secretive investigation into six people linked to the Robodebt scandal, finding two bureaucrats engaged in serious corrupt conduct but letting former PM Scott Morrison off the hook.

MidOcean Energy, backed by US private equity firm EIG, has acquired Japan power company Jera's interest in  the Gorgon and Ichthys LNG projects in Western Australia.

Construction company ADCO Group has agreed to pay $850,000 to avoid prosecution for the collapse of a structural steel framework during redevelopment works at the Kew Recreational Centre.

Describing it as the most significant corporate governance action taken in his time at ASIC, the regulator's chief says the Star case is a wake-up call for directors.

A seventh person linked to MWL Financial has copped a ban for recommending Keystone's Shield Master Fund, which collapsed alongside the First Guardian Fund owing over $1 billion.

Crowley Australia has lost its challenge to a $6.1 million decision for contractor Latitude 63 in a payment row over the construction of fuel tanks in Darwin, with a judge rejecting claims the adjudicator should have recused himself. 

Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.

In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.