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A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.
Telstra has been ordered to pay $18 million in ACCC proceedings, after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider Belong.
Looking to continue its hot streak of successful anti-greenwashing cases, the corporate regulator has taken Fiducian Investment Management to court over allegedly misleading representations about its ESG fund.
The Australian Securities and Investments Commission has accepted court-enforceable undertakings from Hall Chadwick NSW and three of its auditors after finding the firm’s systems failed to detect breaches of auditor rotation requirements.
Super fund Cbus has made admissions in the corporate regulator's case over long delays in the processing of $20 million in death and disability claims, with the action to progress directly to penalty.
Construction PRO
Warning of the propensity for major events procurement to attract cartel conduct, the competition regulator is encouraging the Queensland government to share data on bids for Brisbane Olympics projects.
A judge did not need to recuse himself from deciding the penalty in ASIC's case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.
In the first penalty to be handed down for breaches of the Privacy Act, pathology services provider Australian Clinical Labs has agreed to cop a $5.8 million fine over a 2022 data breach that compromised the personal information of 223,000 customers of its Medlab business.
Optus has suffered another Triple Zero outage, just over a week after a 13-hour outage across three states that was linked to the deaths of three people.
Jayco must spell out its claim that it explained the specific features of its recreational vehicles to customers, as part of its defence to an ACCC case over alleged misleading statements, a judge has said.