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Liquidator reprimanded by ASIC for breaching rules on independence
Restructuring & Insolvency 2022-07-01 10:45 pm By Sam Matthews

The corporate regulator has reprimanded a liquidator for “serious” breaches of independence rules, and has directed the insolvency practitioner to refuse appointments until next year. […]

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ASIC sues Mercer Financial over fees for no service conduct
Financial Services 2022-06-30 12:10 pm By Sam Matthews

ASIC has brought court proceedings against wealth manager Mercer Financial Advice, alleging the company charged fees for services it did not provide and made false […]

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Court finds sessional academic lecturer an employee, not a contractor
Employment 2022-06-30 5:14 pm By Cindy Cameronne

In its first decision applying a landmark High Court judgment redefining the test for when a worker is employed, the Federal Court has found a […]

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Origin hit with $17M penalty for disconnecting vulnerable customers
Competition & Consumer Protection 2022-06-29 10:47 pm By Cat Fredenburgh

Origin Energy has been hit with a record $17 million penalty for violating its obligation to protect financially vulnerable customers, including by disconnecting the services […]

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ASIC can’t access PwC report at centre of privilege fight with Terracom
Energy & Natural Resources 2022-06-28 11:10 pm By Christine Caulfield

A judge has rejected a bid by the corporate regulator to access an unredacted PricewaterhouseCoopers report commissioned by coal miner TerraCom ahead of a challenge […]

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ACCC goes after Ultra Tune again, this time for contempt of court
Competition & Consumer Protection 2022-06-28 5:27 pm By Christine Caulfield

Ultra Tune is facing contempt of court proceedings for allegedly breaching a judge’s orders and failing to meet the requirements of a court-ordered compliance program, […]

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ASIC triumphs in appeal against payday lenders Cigno, BHF
Appeals 2022-06-28 11:36 am By Sam Matthews

ASIC has won an appeal of a judge’s decision that found Gold Coast-based payday lenders Cigno and BHF did not need a licence to issue […]

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Optus warns of ‘irreversible consequences’ of Telstra, TPG network deal
Telecommunications 2022-06-28 10:06 pm By Sam Matthews

Optus has railed against the proposed network sharing agreement between Telstra and TPG, warning that it spells the return of a communications monopoly in regional […]

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‘Where are our rights?’: ASIC wants to be heard in privilege row over PwC report
Energy & Natural Resources 2022-06-27 2:57 pm By Sam Matthews

ASIC has renewed its bid to see a PricewaterhouseCoopers report commissioned by TerraCom in order to defend the coal mining company’s appeal of a judgment […]

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Former Sigma Healthcare exec gets 14 months for insider trading
White Collar 2022-06-27 9:33 pm By Christine Caulfield

A former Sigma Healthcare executive has been sentenced to a suspended term of 14 months’ in prison after pleading guilty to trading on insider information. […]

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