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Equal pay rules don’t apply retrospectively, FWC says in Peter Rowland chef’s case
Employment 2023-07-19 10:32 pm By Gareth Baker

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.

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Cryptocurrency exchange FTX Australia loses financial services licence
ASIC 2023-07-19 3:58 pm By Sam Matthews

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

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Regulator’s files disclosed in HWL Ebsworth data breach
Business of Law 2023-07-18 9:32 pm By Sam Matthews

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

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FWO takes Bakers Delight to court over $1.25M in underpayments
Employment 2023-07-17 10:09 pm By Cat Fredenburgh

The Fair Work Ombudsman has taken Bakers Delight to court for the alleged $1.25 million underpayment of staff at three stores, the regulator’s second attempt at holding a franchisor responsible for the alleged unlawful conduct of a franchisee. In proceedings launched in the Federal Court last month, the FWO claims Bakers Delight Holdings Pty Ltd,…

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SkyCity may test AUSTRAC’s mettle at trial, judge says
Allens 2023-07-14 9:36 pm By Cindy Cameronne

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”.

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Retired law firm partner loses battle with ATO over final payments
Appeals 2023-07-13 4:18 pm By Christine Caulfield

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. 

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CBA loses second bid to throw out cuckoo-smurfing case
AUSTRAC 2023-07-13 2:23 pm By Cindy Cameronne

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.

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ASIC wins hard-fought case against payday lenders after High Court challenge
Adam Pomerenke 2023-07-12 9:31 pm By Cindy Cameronne

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.            

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Judge approves $450M penalty against Crown in AUSTRAC case
Allens 2023-07-11 4:51 pm By Sam Matthews

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.

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AUSTRAC’s history of agreed penalties could create a moral hazard, judge says
Allens 2023-07-11 4:02 pm By Sam Matthews

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.

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