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Mayfair’s conduct ‘cannot be laid at the door of any lawyers’: judge
ASIC 2025-07-10 11:55 pm By Cindy Cameronne

A judge has criticised Mayfair Group’s “directing mind” James Mawhinney in a do-over of ASIC’s case over notes tied to Mission Beach properties, saying “vociferous and continuous efforts” to blame others, including lawyers, for investor losses did not reflect well on him.

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Grant Thornton partner admonished for iSignthis audit review
Financial Services 2025-07-10 11:25 pm By Sam Matthews

A Grant Thornton partner has been admonished for failing to properly review the firm’s audit of the 2018 financial statements of delisted fintech iSignthis, in a promising turn for a recently filed class action.

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ACCC clears Lactalis play for Fonterra assets
M&A 2025-07-10 11:08 pm By Julia Kanapathippillai

The Australian Competition and Consumer Commission will not oppose an acquisition by Lactalis of assets of New Zealand dairy cooperative Fonterra if the French multinational is successful in its bid.

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ASIC wins $3.5M penalty over funeral insurer’s ‘Aboriginal owned’ claims
Insurance 2025-07-10 11:30 pm By Andy Sidler

Funeral insurer ACBF has been hit with a $3.5 million penalty for “callous” and “egregious” misrepresentations to Indigenous customers that its business was Aboriginal owned or managed.

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Melbourne Uni professor axed for relationship with student wins job back
Employment 2025-07-10 11:06 pm By Julia Kanapathippillai

A Melbourne University engineering professor who was sacked for sending intimate messages to a PhD student has been reinstated after the Fair Work Commission found he was unfairly dismissed.

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ASIC bans advisers for directing clients to Keystone’s Shield Master fund
Financial Services 2025-07-09 11:22 pm By Christine Caulfield

Two financial advisers who allegedly recommended a failed fund linked to Keystone Asset Management have been disqualified by the corporate cop.

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Uber driver files FWC case over recurring app malfunctions
Employment 2025-07-09 11:40 pm By Sam Matthews

A Sydney-based Uber driver has filed a Fair Work Commission case seeking $50,000 in compensation and damages over recurring malfunctions in the rideshare app, saying drivers “should not bear the financial burden of Uber’s technical failures”.

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SkyCity investor wants to sue execs to recoup $67M penalty
Securities 2025-07-08 11:08 pm By Andy Sidler

A SkyCity shareholder is seeking leave to launch a case against former executives and directors for their alleged role in the mismanagement of the casino’s money laundering risk, which last year resulted in a $67 million penalty.

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Judge wrong in case over insurer’s pre-existing condition term: ASIC
Insurance 2025-07-08 11:44 pm By Christine Caulfield

The corporate regulator has appealed a Federal Court decision that rejected part of its case against HCF Life Insurance over a pre-existing condition term in its policies that was found to be misleading but not unfair.

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BHP loses latest ‘same job, same pay’ battle with union
Employment 2025-07-07 11:09 pm By Cat Fredenburgh

Unions have prevailed in a fight with BHP over Labor’s same job, same pay legislation, with a landmark decision ensuring a pay rise for over 2,000 labour hire workers.

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