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ASIC deputy chair Peter Kell has put financial services firm's on notice that excusing poor behaviour as an industrywide problem won't cut it anymore.
Westpac faced another tortuous day at the Banking Royal Commission on Tuesday, with general manager of commercial banking Alastair Welsh under the spotlight for inconsistencies in the bank's small business lending practices.
The ACCC will face a test of its ability to win misuse of market power cases when a long-awaited judgment is handed down this week in the regulator's appeal of a ruling dismissing its case alleging Pfizer misused its market power in the months leading up to the expiration of the patent for its blockbuster cholesterol drug Lipitor.
Just two months after the retailer announced it would close down all of its US and UK stores, the Australian unit of Toys 'R' Us has announced it has gone into voluntary administration.
The Transport Workers Union has lost its bid for a stay of a court order that it pay a $270,000 penalty for allegedly keeping almost 21,000 lapsed members on its register and failing to keep copies of records.
For the third time this year, IP Australia has upheld a challenge to a coffee capsule patent, finding that the patent, owned by a unit of German food giant Kruger, was not inventive.
Australia's corporate regulator has brought fraud charges against the former director of failed internet company Freenet, alleging he took money from the company and used false invoices to conceal the theft.
A judge has upheld a court referee's dismissal of construction subcontractor Brighton Australia's claim that global contractor Multiplex violated the Australian Consumer Law by making misrepresentations in a subcontract for construction work on the NAB flagship office building in the Melbourne's Docklands neighborhood.
The Australian Federal Police has settled a malicious prosecution case brought by former CFMEU organiser John Lomax over blackmail charges against the union official that were dropped just months later.
AGL has rejected a $250 million bid to buy its Liddell power station and will go ahead with plans to close the coal-fired plant in four years, the power company told shareholders Monday.