Most Recent
AGL cops a $25M penalty for overcharging welfare recipients
Energy & Natural Resources 2024-12-19 11:28 pm By Andy Sidler

Energy provider AGL has been slapped with a $25 million penalty after it continued to deduct payments from around 500 welfare recipients after they had closed their accounts.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge hearing Cbus case slams ‘false economy’ of concise statements
Suresh Senathirajah 2024-12-13 11:16 pm By Sam Matthews

The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Kraken crypto exchange operator Bit Trade must pay $8M penalty
Cryptocurrency 2024-12-12 5:03 pm By Julia Kanapathippillai

The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Wealth guru Dominique Grubisa pleads ignorance in appeal of $6M penalty
Competition & Consumer Protection 2024-11-20 11:25 pm By Andy Sidler

On appeal of a $6 million judgment for misleading statements, Dominique Grubisa and her wealth education company DG Institute have argued her advice was based on faulty knowledge, not ill intentions. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC seeks $20M penalty against Kraken crypto exchange
Cryptocurrency 2024-11-14 11:22 pm By Andy Sidler

In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Noumi privilege ruling could undermine ASIC investigations, Full Court told
Appeals 2024-11-12 11:15 pm By Sam Matthews

ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘A bottle of wine every night’: Ex-Noumi CFO’s non-disclosures caused him to spiral
Securities 2024-10-17 1:28 pm By Cat Fredenburgh

The former CFO of Noumi has been hit with a $100,000 penalty and four-year ban for his involvement in the company’s continuous disclosure breaches, which a judge heard caused him to drink a bottle of wine every night.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Mastercard can’t appeal ACCC’s ‘novel’ use of judicial notice rule
Competition & Consumer Protection 2024-10-17 11:31 pm By Andy Sidler

The court has rejected Mastercard’s bid to appeal an evidentiary win for the ACCC in the regulator’s misuse of market power case against the payments giant.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Former Noumi CFO set to cop $100,000 penalty in ASIC case
Securities 2024-10-08 3:48 pm By Sam Matthews

A judge has indicated he will sign off on a $100,000 penalty and four-year ban against the former CFO of Noumi, who has admitted his role in the food company’s non-disclosures.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Mastercard takes swipe at use of Reserve Bank statistics in ACCC’s case
Competition & Consumer Protection 2024-09-17 11:28 pm By Christine Caulfield

Mastercard is fighting an evidentiary win for the competition watchdog in a case alleging the payments giant misused its market power in deals with major retailers.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?