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Judge throws out ASIC evidence on tweets in ASX Wolf Trader’s case
ASIC 2022-10-05 4:48 pm By Cindy Cameronne Sydney

The self-declared “wolf trader” of the Gold Coast, Tyson Scholz, has won his bid to exclude ASIC’s evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.

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ASIC takes Harvey Norman to court over ‘no deposit, interest free’ ads
ASIC 2022-10-05 12:04 pm By Sam Matthews Melbourne

The Australian Securities and Investments Commission has brought action against Harvey Norman over allegedly misleading ads about its interest-free finance.

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University of Melbourne admits manager called academic ‘self-entitled Y-genner’
Ashurst 2022-10-04 4:31 pm By Sam Matthews Melbourne

The University of Melbourne has hit back at the Fair Work Ombudsman’s allegations that it took adverse action against two casual academics to prevent them from claiming payment for extra hours worked, but admitted a supervisor penned an email referring to one of them as a “self-entitled Y-genner”.

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Mobile network deal with Telstra could lead to TPG price hikes, ACCC says
ACCC 2022-09-30 11:14 pm By Christine Caulfield

A mobile network sharing agreement between Telstra and TPG is likely to boost the companies’ services to customers but could lead to TPG raising prices, the competition regulator said Friday.

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Grant Thornton, Moore Stephens sued over Linchpin audits
Accounting 2022-09-30 6:04 pm By Sam Matthews Melbourne

Embattled investment firm Linchpin Capital has sued auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly used investor money to advance the company’s business interests and line its directors’ pockets.

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ACCC signs off on THL acquisition of Apollo with divestitures
ACCC 2022-09-29 10:46 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has given the green light to New Zealand-based THL’s acquisition of campervan competitor Apollo, after the Australian company offered to divest 80 per cent of its local motorhome rental fleet.

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ASIC takes Nuix to court over ‘misleading’ market announcements
ASIC 2022-09-29 2:01 pm By Sam Matthews Melbourne

The Australian Securities and Investments Commission has filed long-awaited action against troubled tech company Nuix and a handful of former and current directors over allegedly misleading revenue announcements to investors.

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CBA defeats ‘misconceived’ ASIC conflicted remuneration case
Anna Wilson 2022-09-29 11:11 am By Sam Matthews Melbourne

The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, with a judge finding the regulator “ignored the circumstances” in which the product was distributed.

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J Hutchinson, CFMMEU appeal $1.35M fine over construction boycott
ACCC 2022-09-28 11:09 pm By Cat Fredenburgh

J Hutchinson and the CFMEU have appealed a judgment slapping them with a combined $1.35 million penalty for agreeing to boycott an independent subcontractor at a Brisbane construction site.

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Optus faces class action investigation over data breach
Class Actions 2022-09-26 3:35 pm By Cat Fredenburgh

Telecommunications giant Optus may face a class action over a cyberattack that left the data of up to 10 million current and former customers exposed.

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