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Antony Catalano spared from giving evidence about Keybridge deal
ASIC 2025-08-25 11:27 pm By Julia Kanapathippillai

Billionaire media mogul Antony Catalano will not be required to provide evidence about a deal between Keybridge Capital and Magellan Financial Group after claiming it could put him at risk of incriminating himself as the Australian Securities and Investments Commission probes the transaction.

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ASIC looks to strike out Clive Palmer’s ‘incredibly weak’ case
ASIC 2025-08-22 11:55 pm By Andy Sidler

ASIC is again seeking to strike out mining magnate Clive Palmer’s lawsuit over examinations conducted by the regulator, with Palmer claiming the pleadings are “crystal clear”.

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ASIC to seek winding up orders against property developer ALAMMC
Financial Services 2025-08-18 11:40 pm By Julia Kanapathippillai

The corporate cop can revise its action against Gold Coast property developer ALAMMC to seek winding up orders after concerns have emerged about misuse of $70 million in investor funds.

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Magnis Energy misses deadline in ASIC’s battery plant disclosure case
Energy & Natural Resources 2025-08-15 11:29 pm By Andy Sidler

Magnis Energy Technologies has missed the deadline to file its evidence in ASIC proceedings over allegedly misleading disclosures about its lithium ion battery plant, with a court hearing the company’s new lawyers have not had a chance to brief counsel. 

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ASIC holds no ‘special position’ when it comes to indemnity costs for doomed cases: judge
ASIC 2025-08-14 11:50 pm By Christine Caulfield

The corporate regulator should not be immune from the risk of special costs for actions doomed to fail, says a judge who flayed ASIC last month for bringing a case against TerraCom directors it should have known was a dud.

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Super giant Mercer sued by ASIC for ‘longstanding and systemic’ failures
Superannuation 2025-08-14 1:11 pm By Julia Kanapathippillai

Mercer Super faces enforcement action by ASIC, alleging the superannuation giant failed to inform the watchdog about investigations into serious issues, including a failure to refund premiums to dead members.

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eToro can rely on late evidence in novel ASIC case over CFDs
ASIC 2025-08-14 11:23 pm By Julia Kanapathippillai

Online investment platform eToro has won its bid to rely on late expert evidence in ASIC’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.

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Beacon Minerals geological consultant sentenced in insider trading case
Securities 2025-08-14 11:17 pm By Cindy Cameronne

A geological consultant has been sentenced to a suspended 12 months’ prison after pleading guilty to insider trading using information obtained through his work with Beacon Minerals. 

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NAB hit with $15.5M penalty for mishandling financial hardship requests
Financial Services 2025-08-13 11:42 pm By Christine Caulfield

National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.

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Investment manager pleads guilty to insider trading of Platinum shares
White Collar 2025-08-12 11:29 pm By Cat Fredenburgh

Sydney investment manager Rodney Forrest has pleaded guilty to two counts of insider trading in relation to the trading of $2.6 million in shares of funds manager Platinum Asset Management while in position of inside information about a takeover offer.

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