Credit crackdown concern as banks commit to addressing credit card failures
There is concern banks will tighten the reigns on credit card lending after ASIC revealed a non-binding set of commitments for banks.
UK-based retailer Wiggle fined over refund policy
UK-based sporting goods retailer Wiggle has been fined for "likely" misleading customers with its refund policy, the ACCC has said.
Businessman fined for sacking employee who contacted Fair Work: The dangers of adverse action
Businesses are being warned about the dangers of adverse action after a director was fined for sacking a worker that approached fair work with a complaint.
ACCC blitz: Visy, Cleanway and Suez change SME contracts over potentially unfair terms
An ACCC blitz has prompted Visy, Cleanaway and Suez to change their contract terms, over concern several clauses may have been unfair.
Afterpay, Zip under microscope: ASIC supports further buy-now-pay-later regulation
Only one in six major buy-now-pay-later providers are examining the income and existing debts of their customers, ASIC says.
Business owner jailed for five years over illegal phoenix activity
A business owner convicted of illegal phoenix activity will spend five years in prison, amid a broader crackdown on the black economy.
Corporate red tape reductions to save SMEs $300 million over four years
The federal government has unveiled ASIC red tape reductions that will save about 2200 SMEs almost $37,000 each year by removing reporting requirements.
Why companies go broke: ASIC data reveals pain for food and accommodation businesses
ASIC has released new data on corporate insolvency, which has shed some light on the difficulties faced by food and accommodation firms in 2017-18.
Directors to be named and shamed for phoenixing under new Labor policy
Directors engaging in illegal phoenixing will be named and shamed under a new Labor policy designed to crack down on black economy activity.
ATO, Fair Work Ombudsman to be given new powers to pursue directors for abandoning workers
The Fair Work Ombudsman will receive new powers to pursue company directors under laws that passed the lower house this week
SmartCompany Explainer: Australian consumer law is changing, here’s what you need to know
Some important changes to Australian consumer law have passed through parliament, so let's break down what you need to know.
Crypto startup promoted by cricketing star shuts down amidst ASIC investigation
ASIC has confirmed it is making “some enquiries” into a local cryptocurrency startup which was once promoted by Australian cricketing great Michael Clarke.
