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ASIC loses appeal in crypto case against Finder
Cryptocurrency 2025-07-24 11:55 pm By Cindy Cameronne

The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money. 

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ASIC takes another company to court over cyber risk management
Privacy & Cybersecurity 2025-07-22 11:28 pm By Andy Sidler

The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web. 

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Ord Minnett settles exec’s suit over $110K pay cut following ASIC penalty
Employment 2025-07-22 11:39 pm By Cat Fredenburgh

Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.

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Sanjeev Gupta companies ordered to lodge missing annual reports
ASIC 2025-07-21 11:46 pm By Christine Caulfield

Companies in the steel empire of billionaire Sanjeev Gupta have been ordered to lodge outstanding annual financial reports after the corporate regulator brought court action.

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Port of Newcastle defeats Glencore suit over wharfage fees
Competition & Consumer Protection 2025-07-17 11:27 pm By Cindy Cameronne

Glencore Coal has lost its case against the Port of Newcastle alleging it has been overcharged shipping fees based on a determination by the competition watchdog.

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CBA faces union action for alleged offshoring of hundreds of jobs
Employment 2025-07-18 11:35 pm By Sam Matthews

The Finance Sector Union has taken Commonwealth Bank to the Fair Work Commission over the alleged “sham redundancy” of over 100 positions it says are being offshored to India in breach of an enterprise agreement.

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Acciona’s takeover of waste-to-energy plant sparks ACCC concerns
Competition & Consumer Protection 2025-07-17 12:30 pm By Cindy Cameronne

The ACCC is concerned Acciona’s proposed acquisition of the East Rockingham waste-to-energy project would remove competition between the only two such facilities in Western Australia. 

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ASIC wins travel ban, citing possible $640M in Keystone, Falcon investor losses
ASIC 2025-07-17 11:36 pm By Cindy Cameronne

ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”. 

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Construction PRO
Builder banned for five years after leaving 300 creditors out $94M
Construction 2025-07-18 11:48 pm By Julia Kanapathippillai

A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.

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ACCC won’t oppose Omnicom’s $21B acquisition of Interpublic
Competition & Consumer Protection 2025-07-17 11:42 pm By Julia Kanapathippillai

The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.

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