Watchdog wants $505K penalty for union’s poor record-keeping

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The Registered Organisations Commissioner is seeking a $505,000 penalty against the CEPU for record-keeping breaches, despite the union’s claim that the conduct was not deliberate.

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ATO fights for $744M from re-registered Bell Group cos.

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The fallout over the collapse of Alan Bond’s Bell Group of companies more than two decades ago rages on in the Federal Court, with the Australian Taxation Office in a battle for $744 million it claims is owed by the the now re-registered firms. 

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Herbert Smith Freehills wins costs against United for ‘meritless’ IPO case

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Herbert Smith Freehills has won a ruling that puts United Petroleum on the hook for the costs — on an indemnity basis — of the law firm’s defence against a case that was, according to a judge Tuesday, “devoid of merit”.

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ASIC may take banks on for sluggish reporting of breaches

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ASIC said it is considering enforcement action against companies that fail to detect and report breaches of the law in a timely manner, after a damning report found the major banks take more than four-and-a-half years on average to spot a breach.

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Ashurst investigation docs sought in Bechtel same-sex harassment suit

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A Bechtel worker who claims his genitals were groped by a male employee and that the construction giant discriminated against him by failing to take the same-sex harassment seriously has sought documents from an internal investigation by Ashurst into the matter.

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Aussie wine label regime floated to fight copycats

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The Department of Agriculture and Water Resources has proposed a wine label directory meant to safeguard the intellectual property of Australian wine makers by making it easier to detect and bring lawsuits against copycats.

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AMP admits to one bad apple in ASIC insurance rewriting case

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AMP’s financial planning unit has shot back at allegations by the corporate watchdog that a group of planners engaged in so-called life insurance rewriting, admitting only that one of its army of advisers broke the law. 

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Class action firm backs Labor bid for gender pay gap disclosures

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Class action law firm Maurice Blackburn has thrown its support behind a Federal Labor proposal that would force larger companies to reveal the extent of their gender pay gaps.

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