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ASIC’s contempt case against Mayfair’s Mawhinney paused pending ban challenge
ASIC 2022-05-04 10:44 am By Christine Caulfield Melbourne

A judge has ordered a temporary stay of ASIC’s case accusing Mayfair 101 director James Mawhinney of contempt for breaching a 20-year ban.

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ASIC can’t duck case by G8 Education’s ex-chair over alleged unlawful examination
ASIC 2022-05-03 5:49 pm By Sam Matthews Melbourne

ASIC has lost a bid to dismiss former G8 Education chair Jennifer Hutson’s application seeking declarations that she was unlawfully examined by the regulator over the company’s $162 million hostile takeover bid for Affinity Education Group.

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Lawyers will try to serve missing Big Un founder on LinkedIn
ASIC 2022-05-03 5:16 pm By Sam Matthews Melbourne

A judge has given the liquidators of Big Un the go-ahead to serve the director of the collapsed video company through his LinkedIn account after several unsuccessful attempts to contact him about proceedings accusing him and others of violating their directors’ duties.

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‘Pyrrhic victory’ for unvaxxed aged care worker unfairly sacked: FWC
Coronavirus 2022-05-02 10:03 pm By Cat Fredenburgh Melbourne

The Fair Work Commission has found that aged care provider Baptcare unfairly dismissed an employee for refusing to comply with the company’s COVID-19 vaccination policy, but declined to order any remedies in a “pyrrhic victory” for the worker.

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NAB avoids court, signs undertaking to resolve AUSTRAC compliance probe
AUSTRAC 2022-05-02 1:36 pm By Christine Caulfield Melbourne

National Australia Bank has avoided enforcement action and entered into an undertaking with AUSTRAC to settle an investigation into compliance with anti-money laundering and counter-terrorism financing laws.

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ASIC loses waiver argument over privileged docs in case against REST
Albert Dinelli 2022-04-29 2:18 pm By Sam Matthews Melbourne

A judge has panned ASIC’s bid to discover a wide range of privileged communications between super fund REST and various legal advisers, finding the regulator used a “very wide net” to catch nothing at all.

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Dealers in Holden class action rejected $5M offer from GM
ACCC 2022-04-28 10:33 pm By Cat Fredenburgh Melbourne

Car dealers that have brought a class action against General Motors over its decision to retire the Holden brand in Australia rejected offers of compensation totaling close to $5 million, according to court documents.

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THL’s proposed acquisition of Apollo raises red flags for ACCC
ACCC 2022-04-28 2:36 pm By Sam Matthews Melbourne

The ACCC has flagged a number of competition concerns over New Zealand campervan giant THL’s proposed acquisition of Australian competitor Apollo, saying the tie-up could leave campers paying more to hit the road.  

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ASIC fines Maritime Super for misleading super members over fees
ASIC 2022-04-27 11:32 pm By Cat Fredenburgh Melbourne

Industry fund Maritime Super has been fined $26,640 by the corporate regulator for allegedly misleading members about the impact of its partnership with superannuation fund Hostplus.

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Uber agrees to $26M penalty over misleading ride cancellation fee warnings
ACCC 2022-04-26 11:47 am By Christine Caulfield Melbourne

Uber has admitted to making misleading statements to passengers and has agreed to pay $26 million in penalties in a case by the consumer regulator over the ridesharing giant’s cancellation warning messages.

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