Regulators

The ASX is fighting for a key witness in ASIC’s case over alleged misleading statements concerning its CHESS replacement program to appear at an upcoming trial, saying he needs to be cross-examined in person. 

The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard. 

Four directors of regional airline Rex are set to decide this week whether they will remain silent in the face of allegations by the corporate regulator that they misled investors about the company’s financial position. 

Construction company Built has lost its opposition to an application by job recruitment platform Built In for registration of the trade marks 'Built in Australia' and 'Built in Sydney'. 

The Australian Securities and Investments Commission has won a $33.5 million penalty against the operator of online retailer Snaffle for charging consumers inflated prices and overcharging on credit contracts.

Former CFMEU Victorian secretary John Setka has reached an agreement with the Fair Work Ombudsman in proceedings alleging he tried to coerce the AFL to sack an umpire over his previous role at the Australian Building and Construction Commission.

ASIC says payday lenders Cigno, BSF and their directors should pay $150 million in penalties, arguing a judge should not have found they were entitled to a reduced $7 million in penalties because they had relied on legal advice from Piper Alderman.

Former CFMEU Victorian secretary John Setka has reached an agreement with the Fair Work Ombudsman in proceedings alleging he tried to coerce the AFL to sack an umpire over his previous role at the Australian Building and Construction Commission.

Men's briefs manufacturer Tradie has successfully opposed an application by a group supporting tradeswomen to register 'Tradettes' as a trade mark.

ASIC has lost its appeal of a failed bid to strike out of parts of mining magnate Clive Palmer’s claim that he was subject to an unlawful examination by the regulator, with a judge finding the pleading properly identified the ASIC officers involved.