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College’s enrolment practices should be ‘condemned’, Full Court says in ACCC win
ACCC 2023-04-06 4:29 pm By Cindy Cameronne Sydney
The Full Federal Court has upheld a finding that online educator Captain Cook College engaged in systemic unconscionable conduct by enrolling thousands of unsuitable students, who accrued $60 million in debt but never finished their courses. 
$27M penalty for ‘extensive and systematic’ failures by CBA units
Ben Hancock 2022-10-25 11:03 pm By Sam Matthews Melbourne
Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for “serious and unacceptable” system failures that led to excessive fee charges for customers.
CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures
ASIC 2022-03-03 9:02 pm By Bianca Hrovat Sydney
Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.
ASIC opposes BlueScope general manager’s request to manage company
ACCC 2021-12-09 3:09 pm By Cindy Cameronne Sydney
The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellis’ request for court permission to manage another company, saying he should wait until the ACCC’s price-fixing case against him has been decided.
Captain Cook College engaged in systemic unconscionable conduct, court finds
ACCC 2021-07-02 11:09 pm By Cat Fredenburgh Melbourne
Motivated by greed, online educator Captain Cook College engaged in a system of unconscionable conduct by enrolling thousands of students who accrued $60 million in debt but never finished their courses, a court has found.
GetSwift’s move to Canada wins court, FIRB approval after fierce opposition by ASIC
ASIC 2021-01-08 9:21 pm By Miklos Bolza Sydney
Last-mile logistics software company GetSwift has ceased trading on the ASX after its relocation to Canada got the greenlight by the Federal Court and FIRB despite the company facing ongoing litigation in Australia.
ASIC not ‘disproportionately prejudiced’ by GetSwift’s move to Canada, judge says
ASIC 2020-12-01 9:23 pm By Miklos Bolza Sydney
A judge has found that a plan by last mile logistics software company GetSwift to relocate to Canada in the midst of ongoing civil litigation would not "disproportionately prejudice" ASIC, which is seeking penalties against the company.
Judge postpones signing off on GetSwift move to Canada until FIRB approval
ASIC 2020-11-27 7:49 pm By Cat Fredenburgh Melbourne
A judge has indicated she will approve GetSwift's plans to relocate to Canada, despite concerns raised by ASIC, but will wait until the company has received approval from the Foreign Investment Review Board.
GetSwift not ‘fleeing the jurisdiction’ with Canada relocation bid, court told
ASIC 2020-11-26 6:58 pm By Miklos Bolza Sydney
Logistics software company GetSwift has tried to assure the Federal Court that an attempt to relocate to Canada is not for the purpose of avoiding pecuniary penalties and damages in civil proceedings brought by ASIC and a $50 million shareholder class action.
GetSwift faces scrutiny over shareholder disclosures ahead of planned Canada move
ASIC 2020-10-08 7:06 pm By Christine Caulfield Melbourne
ASIC and the applicant in a class action against GetSwift have intervened in an application by the logistics provider to relocate its headquarters to Canada, aiming to ensure shareholders are aware of the potential outcomes of the regulator's enforcement action, which include banning orders against directors Bane Hunter and Joel Macdonald.