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ASIC scolded for ‘unconstrained appeal’ in failed life insurance case
A judge has sounded the alarm bell about regulators launching appeals to re-litigate enforcement proceedings, in a recent decision tossing the corporate cop's appeal in a case against insurer HCF Life.
Fed-up FWC slams growing trend of AI misuse by complainants
A full bench of the Fair Work Commission has attacked an Uber driver's "unreasonable" reliance on artificial intelligence to prepare his complaint, saying it was part of an increasing trend of applicants abusing generative AI.
ACCC says green eggs a sham, producer shells out fine
The ACCC has fined a Victoria-based small egg producer $39,600 after the consumer watchdog alleged that claims its eggs were free-range were false or misleading.
Defunct AI start-up founder jailed for nine years for duping investors
The former boss of Metigy has been sentenced to nine years behind bars after pleading guilty to misusing company funds and providing false information to investors, who pumped $40 million into the AI start-up.
ASIC confirms two investigations into KPMG data misuse claims
ASIC’s chair says the corporate cop is investigating individuals at KPMG for alleged misuse of confidential information belonging to Lendlease and Optus to win new work, but says it is hamstrung by current law from undertaking a broader probe. 
Fitness support company pays penalty over NDIS claims
Fitness support company and NDIS provider WeFlex has paid a $19,800 penalty over social media ads which allegedly made misleading claims about NDIS funding. 
RSPCA Qld settles with FWO after underpaying staff $4.3M
RSPCA Queensland has entered into an enforceable undertaking with the Fair Work Ombudsman after underpaying 1,008 staff approximately $4.3 million between February 2017 and September 2023.
Judge takes HSBC to task for late settlement with corporate cop
A judge has approved a $35 million penalty against HSBC in ASIC’s novel case over the bank's scam protection failures, despite questioning whether the punishment was severe enough given how long the case took to settle.
HSBC to cop $35M fine in novel ASIC case over scam protections
HSBC has agreed to pay a $35 million penalty in ASIC proceedings after it admitted to serious failures in protecting customers from scams, but a judge is questioning whether the penalty is high enough. 
Ex-Star CEO, GC hit with $1.1M in penalties for money laundering failures
A judge has ordered the former CEO and chief legal officer of Star to pay a combined $1.1 million in penalties for failing to act on "obvious" money laundering risks, but said the fines would have been higher had ASIC not struck a "generous" settlement with other directors.