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ACCC Eyes Extension Of Qantas, American Airline Alliance
The ACCC said it is considering granting an extension of the alliance between Qantas and American Airlines on trans-Pacific routes in a draft determination on Friday.
ASIC Probing Hundreds Of Big Four Internal Audit Complaints
ASIC is reviewing more than 550 internal complaints about audit work across the Big Four professional services firms, Chair Sarah Court told a parliamentary committee on Friday, and said it's expanding its probe into KPMG Australia around possible false or misleading information in its transparency reports.
Diversa Faces New ASIC Probe On Fees Tied to First Guardian
The corporate watchdog confirmed it is investigating Diversa Trustee Limited's delay in writing the now collapsed First Guardian Master Fund asset value down to zero and whether this meant members were incorrectly charged with administration fees, in a further probe of the trustee platform already charged with due diligence and monitoring failures in the Federal Court of Australia.
ACCC Eyes Extension Of Qantas, American Airline Alliance
The ACCC said it is considering granting an extension of the alliance between Qantas and American Airlines on trans-Pacific routes in a draft determination on Friday.
ASIC Probing Hundreds Of Big Four Internal Audit Complaints
ASIC is reviewing more than 550 internal complaints about audit work across the Big Four professional services firms, Chair Sarah Court told a parliamentary committee on Friday, and said it's expanding its probe into KPMG Australia around possible false or misleading information in its transparency reports.
Diversa Faces New ASIC Probe On Fees Tied to First Guardian
The corporate watchdog confirmed it is investigating Diversa Trustee Limited's delay in writing the now collapsed First Guardian Master Fund asset value down to zero and whether this meant members were incorrectly charged with administration fees, in a further probe of the trustee platform already charged with due diligence and monitoring failures in the Federal Court of Australia.
Expert Analysis
The government’s recently announced reforms to strengthen its Foreign Investment Review Board framework represent ... (more story)
In the Australian Securities and Investments Commission's case against former Star Entertainment CEO Matt Bekier, ... (more story)
The most significant reform to Australia's anti-money laundering regime in two decades recently came into force, w... (more story)
Financial Services More
NSW Supreme Court Justice Richard Scruby used his swearing-in ceremony speech to call for stronger diversity and mental health awareness across the New South Wales bar while upholding current court standards.
The Victorian Supreme Court judge overseeing a shareholder class action alleging mining company Arrium Ltd issued misleading financial reports has rejected auditor KPMG's bid to access draft versions of a plai... (more story)
High Court Justice Michelle Gordon said the legal profession could "do better" on women's equality, outlining practical steps to encourage equitable briefing at the bar in a wide-ranging speech in Melbourne last month.
The Reserve Bank of Australia and Treasury said that there is "no clear public interest case" for the central bank to introduce digital currency for everyday transactions, as current payments systems and digit... (more story)
Aussie Home Loans told a Federal Court judge Thursday that mortgage protection insurance sold to their home loan customers was "pitched at a very general level" and didn't draw on customers' personal circumsta... (more story)
The Australian Financial Complaints Authority has added over 100 new members including major telecommunications firms like Optus and digital platforms including Meta, TikTok and Google ahead of its expanded ro... (more story)
Beacon Minerals' former project manager Alexander McCulloch was sentenced to 12 months' imprisonment for insider trading after he told two friends to buy 11 million Beacon Mineral shares while he had confident... (more story)
A disqualified self-managed superannuation fund auditor has been sentenced to 60 hours of unpaid community service by the Melbourne Magistrates Court after he admitted to auditing funds and falsifying document... (more story)
Commercial Disputes More
Fund manager Pengana Capital has applied to the Takeovers Panel to block Geoff Wilson's Wilson Asset Management (WAM) from raising its stake in Pengana's international equities fund, citing disclosure and conf... (more story)
An Australian judge on Tuesday denied Equatorial Resources Ltd.'s attempt to block its former counsel at Clifford Chance LLP from seeking arbitration over a roughly $3.46 million unpaid legal bill, incurred as... (more story)
The federal Takeovers Panel ordered gold mining company Forrestania Resources to extend the deadline for its bid to buy gold and lithium producer Zenith Minerals, after it issued a "declaration of unacceptable... (more story)
The ACCC has called for stronger product safety laws, including mandatory obligations on online marketplaces, warning existing Australian Consumer Law has failed to keep pace with the growth of online shopping... (more story)
Food manufacturer SPC Global has filed a second lawsuit against its former chair, his investment firm and a former board member in the Victoria Supreme Court, alleging they breached directors' duties by misusi... (more story)
A Federal Court judge on Monday ordered Venture 5 Group, which trades as short-term money lender CashnGo Australia, to pay $3.5 million for using and relying on unfair terms in credit contracts to consumers se... (more story)
AUSTRAC has launched an investigation into Western Union over concerns the global payments provider has failed to adequately manage money laundering and terrorism financing risks linked to high-risk payment ch... (more story)
High Court Justice Michelle Gordon AC has called for fewer interlocutory disputes and faster judgments in Victoria's Commercial Court, arguing courts and practitioners must foster a legal culture in which comm... (more story)