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‘No excuse’: ASIC slams poor practices by managed investment funds holding $1T
Financial Services 2025-06-02 11:35 pm By Julia Kanapathippillai

The corporate cop has found “widespread” compliance plan failures in the managed investment fund industry, and says it is investigating some fund managers for potential breaches.

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Judge won’t let ACCC case against Spotless, Ventia get ‘totally unwieldy’
Competition & Consumer Protection 2025-05-30 11:54 pm By Sam Matthews

The judge hearing the ACCC’s price-fixing case against Downer EDI’s Spotless and Ventia has proposed an initial hearing to determine if the companies are in competition, saying he won’t let the case become “totally unwieldy”.

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AUSTRAC flags organised crime risks at Queensland, NT casinos
Gaming 2025-05-30 9:43 pm By Julia Kanapathippillai

Australia’s financial crimes agency has sounded the alarm on organised crime risks at two casinos in Far North Queensland and the Northern Territory.

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Competition cop confirms REA Group investigation
Competition & Consumer Protection 2025-05-29 11:49 pm By Christine Caulfield

The competition watchdog confirmed Thursday it was investigating real estate listings company REA Group.

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ACCC has concerns about $475M merger of rural retailers Elders, Delta
Competition & Consumer Protection 2025-05-29 11:08 pm By Julia Kanapathippillai

The ACCC has raised concerns about the proposed acquisition by ASX-listed Elders of Delta Agribusiness, saying it could reduce competition in agriculture products.

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Thermomix cops $80,000 penalty for NDIS claims
Competition & Consumer Protection 2025-05-29 11:27 pm By Christine Caulfield

Thermomix has paid $79,200 in penalties after being served with four infringement notices over ads claiming two appliances got the National Disability and Insurance Scheme tick.

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ASIC launches suit against missing ex-Blockchain Global director
Cryptocurrency 2025-05-28 11:55 pm By Andy Sidler

The corporate watchdog has brought proceedings against the former director of collapsed cryptocurrency exchange platform Blockchain Global for alleged violations of his directors duties. 

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REA Group faces investigation by competition regulator
Competition & Consumer Protection 2025-05-27 11:46 pm By Christine Caulfield

Real estate listings giant REA Group on Tuesday confirmed media reports of an investigation by the Australian Competition and Consumer Commission.

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Captain Cook hit with $30M in penalties for systemic unconscionable conduct
Competition & Consumer Protection 2025-05-27 11:21 pm By Julia Kanapathippillai

Defunct education provider Captain Cook College and its parent company have been penalised over $30 million for enrolling thousands of vulnerable students who accrued $60 million in debt.

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TerraCom to pay $7.5M to settle ASIC’s whistleblower suit
ASIC 2025-05-27 11:56 pm By Cat Fredenburgh

Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower’s reputation. 

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