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Tax advisors will face tougher penalties for misconduct under new federal legislation introduced in response to the PwC tax leaks scandal and recommendations from a Tax Practitioners Board review.
ASIC may reconsider its approach to claims against non-executive directors after failing to prove that three NEDs of Rex had actual knowledge that the failed budget airline did not have a reasonable basis for a rosy profit forecast, experts told Lawyerly.
Pauls Milk producer Lactalis has copped a penalty after the consumer regulator issued infringement notices for alleged misleading representations about the freshness of two of its products.
Hamilton Locke has lured three partners and their teams from K&L Gates, bolstering its tax offering in response to client demand.
Construction PRO
A judge has found that Heran Group unit York Property can't call on $6.4 million in bank guarantees after finding builder Tomkins has a strong prima facie case that a $17.5 million payment certificate issued under contract to build a 119-Gold Coast residential tower was not authorised.
A Treasury report has suggested splitting audit functions off from multidisciplinary professional services firms, following whistleblower claims that KPMG leaked confidential client information.
A Victorian law that came into effect this month will fundamentally change how NDAs relating to workplace sexual harassment can be used in the state, says Kingston Reid's Katie Sweatman and Aneisha Bishop.
In a new report, ASIC warns Australia risks losing ground to overseas competitors unless it provides more clarity on technologies like tokenised assets and AI, which the regulator said could shake up longstanding assumptions about intent and misconduct.
Construction PRO
NSW's ICAC will hold a public inquiry this month to probe allegations that the state branch of the Liberal Party accepted political donations from fugitive property developer Jean Nassif.
Corrs Chambers Westgarth has followed other firms in bolstering its projects offering with its latest partner promotions, with two of the firm's four new partners boasting expertise on complex energy and infrastructure projects.