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ACCC clears DP World’s $174M acquisition of Silk Logistics
Competition & Consumer Protection 2025-07-04 2:18 pm By Julia Kanapathippillai

The Australian Competition and Consumer Commission has given the green light to DP World’s proposed acquisition of Silk Logistics, after finding it was not likely to substantially lessen competition.

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Mastercard slams ACCC’s novel push for communications with lawyers
Competition & Consumer Protection 2025-07-03 11:41 pm By Cindy Cameronne

Mastercard has pushed back on the ACCC’s argument that it waived privilege over communications with lawyers, saying it would “take the law of waiver to a place it has never been before”.

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AUSTRAC orders audit of Western Union over AML/CTF concerns
Financial Services 2025-07-03 10:28 am By Sam Matthews

AUSTRAC has ordered an external audit of international funds company Western Union after sounding the alarm about its compliance with anti-money laundering regulations. 

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Debt management firm still MIA as ASIC trial looms
ASIC 2025-07-03 11:59 pm By Andy Sidler

A judge has said an 11-day trial in ASIC’s case against Solve My Debt Now will go ahead in December despite a third set of solicitors ceasing to act and no sign that the debt management firm will put on evidence. 

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Landmark win for low-paid McDonald’s workers in FWC
Employment 2025-07-02 2:55 pm By Sam Matthews

The workplace umpire has handed a win to over 5,000 McDonald’s workers, in a decision that will force 18 of the fast food giant’s franchisees to the negotiating table for a single enterprise agreement under new laws.

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ASIC wants $300M in penalties for forex broker’s ‘egregious’ conduct
Financial Services 2025-07-02 2:08 pm By Cindy Cameronne

The corporate regulator says defunct forex broker Union Standard and its agents should be hit with $300 million in penalties for their tactics in pressuring customers to trade in risky financial products. 

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ASIC wins travel restrictions against Falcon Capital directors amid probe
Financial Services 2025-07-02 11:05 pm By Julia Kanapathippillai

The corporate regulator has secured travel restrictions and freezing orders against two directors of Falcon Capital as part of its investigation into its managed investment fund.

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Banana Boat owner taken to court by ACCC over ‘reef friendly’ claims
Greenwashing 2025-07-01 2:10 pm By Julia Kanapathippillai

The owner of Banana Boat and Hawaiian Tropic sunscreen brands faces court action by the consumer regulator for alleged greenwashing. 

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Fitness chain challenges ATO’s refusal of installment plan for $14.6M tax debt
Tax 2025-07-01 11:33 pm By Cindy Cameronne

Derrimut Health and Fitness has challenged the Australian Taxation Office’s rejection of its bid to pay a $14.6 million tax debt in installments. 

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Vales Point coal plant owner manipulated electricity futures market, ASIC alleges
Energy & Natural Resources 2025-07-01 2:16 pm By Sam Matthews

ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts. 

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