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Class action against ASIC over housing scheme discontinued
A class action filed against the corporate cop over alleged inaction against a failed housing scheme targeting the elderly has been discontinued after the lead plaintiff was unable to secure litigation funding. 
Coles ditches court challenge to ACCC block of Kalgoorlie site buy
Coles will continue its fight against the ACCC's decision to block its plans to lease a new site in Kalgoorlie, WA in the Competition Tribunal only, dropping a Federal Court challenge.  
‘Who is looking at them?’: ASIC chair calls for regulation of Big 4
In her first speech as chair of ASIC, Sarah Court has called for regulation of Big 4 accounting firms in the wake of the KPMG whistleblower scandal and warned the collapse of property developer Bathla may be the “first significant crack” in the private credit market.
ACCC wins ‘subscriptions trap’ suit against eHarmony
In a win for the ACCC, a judge has found online dating site eHarmony misled consumers about automatic subscription renewals and its free plan, which the judge found imposed restrictions that were incompatible with the idea of 'dating'. 
Berndale Capital’s former CEO appeals jail sentence
A former director of collapsed over-the-counter derivatives broker Berndale Capital Securities has filed an appeal after he was sentenced to 23 months' prison for misusing company funds.
Ex-ACCC chair says splitting up consulting firms ‘ridiculous’ idea
Ex-ACCC head Graeme Samuel has told a committee probing a KPMG whistleblower's claims that splitting audit services off from consulting firms is a "ridiculous" idea, instead recommending partnerships be regulated under the Corporations Act and "miscreant" auditors face "severe" penalties.
Fired Aldi worker hit with costs for using ‘plain wrong’ AI in FWC case
The Fair Work Commission has made the "very rare" decision to hit a former Aldi employee with costs after he relied heavily on artificial intelligence which undermined his own case.  
Subaru favoured dealers over independent mechanics, ACCC says
New enforcement action by the competition regulator alleges Japanese car maker Subaru failed to give independent mechanics equal access to software needed to repair its vehicles.
ASIC to appeal win for Rex directors over rosy forecast
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
Judge takes ‘draconian step’ of tossing long-running Obeid tax cases
A judge has taken the "draconian step" of dismissing long-running tax cases by the members of the Obeid family, on the eve of a hearing over a $30 million freezing order against the family.