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Mining giant Rio Tinto has been ordered to pay a $750,000 penalty in ASIC's case over a disclosure breach linked to its $5.8 billion purchase of a Mozambique coal mining company.
Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.
The ACCC will target businesses seeking to use COVID-related disruptions to global and domestic supply chains as “a veil for illegal conduct” the watchdog's outgoing chair has said in setting out the regulator’s priorities for 2022.
Directors have been warned by the corporate regulator to take an active role in the management of cyber risks or face enforcement action.
The Fair Work Ombudsman has commenced legal proceedings against the Sushi Bay group of restaurants and its owner for allegedly underpaying workers to the tune of $650,000.
Administrators for building giant ProBuild have won more time to examine its assets as they try to avoid the "nightmarish prospect" of costly delays to the company's projects.
The ACCC got what it wanted when IVF providers Virtus Health and Healius terminated a proposed $45 million merger, but it wasn't a win, a judge has said in mostly denying the regulator's bid to recover the costs of its court challenge to the deal.
The Australian Securities and Investments Commission has dropped all but one claim against Rio Tinto in a four-year-long case over disclosures related to its troubled $5.8 billion acquisition of a Mozambique coal mining business and abandoned all claims against the mining giant's former CEO and CFO.
The Australian Competition and Consumer Commission is considering whether new laws are needed to rein in Google, Apple and Facebook, including rules to curb self-preferencing conduct and strengthen the merger review framework.
The self-declared “wolf trader” of the Gold Coast, Tyson Scholz, will not have to provide a concise statement in response to the Australian Securities and Investments Commission’s case accusing him of providing unlicensed financial services, a judge has ruled.