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High Court won’t hear broker’s case over 2014 ban for second time
Appeals 2023-06-15 5:53 pm By Christine Caulfield

The High Court has rejected an appeal by a mortgage broker in a saga stretching back a decade, when the corporate regulator imposed a lifelong ban against the broker for failing to disclose a conviction on his credit licence application.

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AGL Energy accused of ‘gaming’ SA electricity market
Article 2023-06-15 11:18 pm By Cat Fredenburgh

A class action against AGL Energy alleges the Big three energy supplier’s adoption of “gaming” strategies in the supply of electricity in South Australia led to anomalous price spikes in the state.

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Facebook agrees to $20M penalty in ACCC case over data privacy app
ACCC 2023-06-14 11:37 pm By Gareth Baker Sydney

Facebook has agreed to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private, when in fact it was being collected for commercial use.

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Council’s GST payments not unconstitutional tax, High Court says
Anna Lord 2023-06-14 11:09 pm By Christine Caulfield

Notional GST payments by local councils under an intergovernmental agreement with the Commonwealth are a voluntary act, not an impermissible tax in breach of the Constitution, the High Court has ruled.

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Big Un’s CFO charged with insider trading in latest action over failed company
Article 2023-06-13 3:49 pm By Christine Caulfield

The former chief financial officer of Big Un has become the third person to be charged with insider trading connected to shares in the defunct video producer.

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Armaguard, Prosegur merger wins clearance from ACCC with conditions
ACCC 2023-06-13 4:22 pm By Christine Caulfield

Armaguard and rival Prosegur have secured authorisation for their proposed merger from the ACCC, which has found the likely reduction in competition in the cash transport industry was outweighed by the public benefits of the transaction.

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JWS nabs BHP vice president for Melbourne tax practice
BHP 2023-06-08 2:16 pm By Gareth Baker Sydney

Johnson Winter Slattery has appointed senior tax specialist Don Spirason, former Vice President of Tax at BHP, as a special counsel based in Melbourne. Spirason joins JWS with more than 20 years’ tax experience, including more than 10 years at BHP and 5 years at Foster’s Group. Beginning his career at Corrs Chambers Westgarth, he…

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ATO denies telling tax board to wind back PwC leak inquiry
Accounting 2023-06-07 11:30 pm By Cindy Cameronne Sydney

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne Sydney

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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CBA hit with $3.55M penalty for ‘alarming’ spam breaches
ACMA 2023-06-07 4:58 pm By Gareth Baker Sydney

Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.

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