Regulators

A former chef of catering company Peter Rowland Group has lost her fight for gender pay equality, with the Fair Work Commission accepting the merits of her claim but ruling the legislation that covers equal pay can apply only to current employees.

The corporate watchdog has cancelled the AFS licence of FTX Australia, the Australian subsidiary of collapsed cryptocurrency exchange FTX.

The Fair Work Ombudsman has revealed that its files were among those exposed in a cyberattack against law firm HWL Ebsworth.

SkyCity may be the first company to test the strength of AUSTRAC's claims in court, according to a judge who recently said in a separate case that the regulator's habit of agreeing to penalties could give rise to a "moral hazard".

The Commonwealth Bank has failed again to dismiss a case brought by customers who claim they were the victims of a money laundering scam known as cuckoo smurfing and had funds seized as proceeds of crime.

A former law firm partner has lost his scrap with the Australian Taxation Office over exit payments he received on retirement, with a court ruling his $180,000 payout could not be offset against repayments made to the partnership's capital account. 

ASIC has won orders declaring that Gold Coast-based BHF Solutions and Cigno needed a credit licence to issue loans to hundreds of thousands of customers, after the High Court tossed a challenge by the payday lenders.            

A judge has approved a $450 million penalty put forward by Crown Resorts and AUSTRAC despite reservations about evidence going to the casino operator’s financial position.

The judge asked to approve a proposed $450 million penalty in AUSTRAC’s case against Crown Resorts has questioned whether the practice of regulators settling enforcement action ahead of trial gave rise to a "moral hazard” problem.