Most Recent
Active Super says ASIC penalty would fall on ‘poor old members’
The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members. 
Ex-EY partner’s reputation ‘only thing of value to him’, court told
An ex-EY partner accused of pocketing $700,000 in commissions in a tax loss scheme wants to vindicate his reputation at trial but is weighing whether to keep his silence, a court has heard.
AUSTRAC accuses online betting firm Entain of money laundering failures
The operator of online gambling sites Ladbrokes and Neds has been taken to court by AUSTRAC for alleged “systemic” money laundering compliance failures.
Landmark $50M settlement over Meta’s Cambridge Analytica scandal
Facebook owner Meta has agreed to pay $50 million to settle action by the privacy commissioner over the Cambridge Analytica scandal.
NRL referee loses second appeal over alleged unfair sacking
A former referee who accused the NRL of unfair dismissal has lost a second appeal against a Fair Work Commission decision that found he was not sacked.
Online florist Meg’s Flowers to pay $1M penalty for dodgy ‘local’ claims
Online florist Meg’s Flowers has been hit with a $1 million penalty for falsely claiming on websites and online ads that it was a local florist.
ASIC suit claims HSBC failed to protect customers from scams
ASIC has launched legal proceedings against HSBC, alleging the bank did not have appropriate controls to protect customers from scammers.
Lead auditor for collapsed Greensill suspended for multiple failures
The lead auditor for the collapsed Greensill group, which was wound up in 2021 with claims over $1.7 billion, has been suspended until June 2026 for failing to adequately carry out his duties. 
Judge hearing Cbus case slams ‘false economy’ of concise statements
The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.
Sydney University to pay $23M to underpaid staff in agreement with FWO
The University of Sydney will pay $23 million to over 14,000 current and former workers who were underpaid over an 8-year period as part of a deal with the Fair Work Ombudsman.