2nd August 2016
A NSW corruption watchdog investigation into coal exploration licences only heard evidence that fitted with the theory former Labor MP Eddie Obeid was corrupt, a court has heard. Read More
27th July 2016
In a rather extraordinary move, four of Australia’s largest banks have written to Australia’s competition regulator requesting permission to join together in a collective boycott whilst they negotiate with third-party mobile wallet services including Apple Pay, Android Pay and Samsung Pay. The banks seeking permission include 3 of the ‘Big… Read More
25th July 2016
£ – The corporate regulator has expanded its legal case against ANZ Banking Group and Westpac Banking Corp, filing an amended statement of claim in the Federal Court on Friday afternoon that points to a broader number of possible victims. Sources close to the case said the revised wording of one… Read More
20th July 2016
Former Western Australian premier says he is considering legal action as court ruling throws convictions by state’s anti-corruption body into doubt Read More
29th June 2016
Labor Leader Bill Shorten has opened the door to establishing a federal corruption watchdog in the wake of the Eddie Obeid scandal. Read More
27th June 2016
Australian market regulator Australian Securities & Investments Commission (ASIC) said it has commenced proceedings against Macquarie Investment Management Ltd (MIML) as the responsible entity of the van Eyk Blueprint International Shares Fund (VBI Fund). The proceedings involve investments of $30m made by the VBI Fund in 2012 into a Cayman… Read More
23rd June 2016
Macquarie Group Ltd. has admitted to violating Australia’s corporations act by failing to properly oversee a collapsed fund manager that invested in a Cayman Islands fund. Macquarie Investment Management Ltd., an arm of Sydney-based Macquarie, said it reached a settlement with the Australian Securities and Investments Commission over its… Read More
16th June 2016
The Australian Taxation Office (ATO) has welcomed the conviction of two men for tax offences following successful investigations under the Serious Financial Crime Taskforce (SFTC). The ATO said that a 61-year-old former financial advisor was last week sentenced for five years and nine months for tax fraud offences totaling over… Read More
16th June 2016
It will slash regulatory uncertainty, time to market. Expanding to the land down under has just been made easier for Singapore fintechs, as the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) have inked a deal to assist innovative businesses in Singapore and Australia in… Read More
14th June 2016
Monaco-based oil services company Unaoil said on Tuesday it was launching legal action against Australia's Fairfax Media group, publisher of the Sydney Morning Herald, over reports linking it to corrupt practices involving big oil companies. Read More