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ACCC urged to investigate Etihad for ‘greenwashing’
ACCC 2023-03-23 12:01 am By Cat Fredenburgh

A complaint has been lodged with the Australian Competition and Consumer Commission against Etihad Airways for allegedly making false or misleading statements about its greenhouse gas emissions and plans for achieving net zero emissions.

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Jury finds fifth person guilty in $105M Plutus tax fraud case
ATO 2023-03-21 8:57 pm By Sam Matthews Melbourne

The fifth and final defendant named in a criminal proceeding over a $105 million tax fraud involving payroll services company Plutus Payroll has been found guilty for his part in the scheme.

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Former ANZ unit says ASIC should ask bank for info in fees for no service case
Anna Garsia 2023-03-21 8:20 pm By Cindy Cameronne Sydney

A judge has rejected arguments by superannuation trustee OnePath Custodians that the corporate regulator must look to former parent company ANZ for evidence in its fees for no service case.

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Tesla Australia director gets suspended sentence for insider trading
Article 2023-03-21 8:22 am By Christine Caulfield

Tesla Motors Australia former director Kurt Schlosser has been given a suspended sentence for trading in shares of a lithium supplier based on insider information.

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Star Entertainment pleads guilty to Queensland gambling law violations
Adam Bell 2023-03-20 10:38 pm By Cat Fredenburgh

Star Entertainment has pleaded guilty in Queensland to seven charges of allowing the purchase of gambling chips with a credit card, months after being with a $100 million fine for violating the state’s gambling laws.

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‘Enabled misconduct’: Lawyers, liquidators slam ASIC’s track record
ASIC 2023-03-20 2:16 pm By Cindy Cameronne Sydney

A law firm and several peak bodies for professionals in the corporate sphere have criticised the Australian Securities and Investments Commission’s enforcement track record, saying the regulator is inefficient and fails to properly address misconduct.

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Former JPMorgan head trader Mark McCabe charged with fraud
ASIC 2023-03-17 3:54 pm By Cindy Cameronne Sydney

A former JPMorgan executive has been charged with eight counts of fraud for allegedly misappropriating $940,350 from clients of his defunct companies, Guevara Capital and Online Trading Capital. 

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Facebook to cop penalty in ACCC case over ‘misleading’ data protection app
ACCC 2023-03-10 3:20 pm By Cat Fredenburgh

Facebook will face a penalty in the Australian Competition and Consumer Commission’s case alleging it misled consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private.

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ANZ hit with $10M penalty over $18.5B home loan program
ANZ 2023-03-10 2:23 pm By Cindy Cameronne Sydney

ANZ has been hit with a $10 million penalty in a case brought by the Australian Securities and Investments Commission alleging the bank’s home loan ‘introducer’ referral program breached credit laws.

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Prosecutors want prison sentence for CEO in Sydney waste cartel case
ACCC 2023-03-09 5:59 pm By Sam Matthews Melbourne

The former managing director and CEO of Bingo Industries should be sentenced to imprisonment for aiding and abetting the waste company in fixing prices for demolition waste services in Sydney, a court has heard.

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