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ASIC reveals 3 KPMG probes, 500 audit complaints against Big Four
The Australian Securities and Investments Commission is reviewing 551 audit-related complaints against KPMG, PwC, Deloitte and EY as part of surveillance triggered by the recent whistleblower scandal.
Construction PRO
Qube wins $26M fight with Martinus Rail over Moorebank terminal
Logistics company Qube has prevailed in a fight to enforce $26 million in partial arbitration awards against Martinus Rail over Sydney's $4 billion Moorebank Intermodal Terminal.
Construction PRO
High Court appeal on cards in Dexus, APAC row amid sale worth ‘many billions’
A fight over the sale of Dexus' shares in Melbourne Airport operator APAC “may well” go to the High Court, a judge said Friday, as the infrastructure asset manager tells the court the sale may be in the “many billions of dollars".
‘All profit, no responsibility’: Diversa grilled over First Guardian
Superannuation trustee Diversa has been grilled by a parliamentary committee for its refusal to admit failures over the now defunct First Guardian fund and its continued defence of the corporate regulator's $240 million lawsuit.
Law professor fights dismissal recommendation over alleged student kiss
A Sydney-based law professor is challenging a university investigator's dismissal recommendation following allegations he kissed a student during a study tour in Paris.
Breast implants class action takes aim again at Allergan’s ‘state of the art’ defence
A class action against Allergan over recalled breast implants is trying again to strike out the US drug company’s defence that there was no known causal link between its implants and a type of cancer at the time of supply.
ING hit with $50M capital penalty by APRA over liquidity breaches
The Australian Prudential Regulation Authority has imposed a $50 million capital penalty and other licence conditions on ING Australia, after the bank breached minimum liquidity requirements over several years.
ACCC gives final nod to Google, Epic Games settlement
The competition regulator has given final approval to a settlement between Fortnite maker Epic Games and Google that resolves allegations the digital giant misused its market power.
AVZ Minerals has no money for lawyers in ASIC case, court told
Mineral exploration company AVZ Minerals does not have the funds to defend itself in ASIC proceedings alleging it failed to disclose a critical legal dispute, including a forgery claim, related to a $32 million lithium mine deal, a court has heard.
Beacon Minerals project manager sentenced for insider trading
A former project manager who enlisted two associates to buy 11 million shares in Beacon Minerals before the market knew it had struck gold has been sentenced to one year in prison following a guilty plea.