The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.
Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.
Wealth guru Dominque Grubisa wants the High Court to overturn a finding that she had actual knowledge her company’s statements were misleading, saying the case raises unresolved questions about accessorial liability.
The federal government will take on $50 million of Rex Airlines’ debt to keep the troubled regional carrier flying.
Bakers Delight has filed a challenge to a finding that it was subject to a statutory reverse onus aimed at employers, in a Fair Work Ombudsman underpayments case against a franchisee.
Unions involved in Sydney’s rail worker pay dispute have agreed to pause all industrial action and revive negotiations with the NSW government on a new enterprise agreement.
Telcos are set to face penalties of up to $10 million for breaching the industry code under a suite of proposed changes to the Telecommunications Act.
A self-represented customer of Latitude Financial has lost his bid to challenge a decision throwing out his data breach lawsuit against the non-bank lender after he defaulted on court orders.
The Fair Work Commission has described as a “disgrace” a decision by union lawyers to cease acting for an illiterate council worker who was unfairly dismissed from his job.
A judge has deferred the question of what penalties Harvey Norman and Latitude Finance should face in a case by ASIC until their appeals are heard, noting the “regrettable” fragmentation of the case.