Superhero founders to buy company back from Swyftx as crypto volatility, regulatory changes sink $1.5 billion merger
Share trading platform Superhero's planned $1.5 billion merger with Australian cryptocurrency exchange Swyftx has been scrapped.
End of Director ID amnesty exposes 500,000 Australian corporate leaders to severe fines
As many as 500,000 company directors are now exposed to criminal penalties of $13,200 after the ATO's amnesty on late Director ID applications passed on Wednesday.
“We always strive to be the most compliant”: Finder CEO defended Earn’s regulatory status days before ASIC lawsuit
The Australian Securities and Investments Commission (ASIC) has sued a division of financial comparison platform Finder, alleging the company offered its recently-shuttered Earn crypto-investment product as an unlicensed financial service.
Wage theft is rampant in Australia. So why hasn’t it been criminalised yet?
It is clear wage theft and other forms of non-compliance with minimum labour standards are major problems in Australia.
ASIC sues crypto fintech Block Earner, claiming it offers unlicensed financial services
In a legal challenge which could redefine how cryptocurrency platforms operate in Australia, the Australian Securities and Investments Commission has sued Block Earner.
Telstra Ventures caught in FTX blowback after investing as part of US$350 million round
The Australian-born, San Francisco-based firm invested in FTX as part of its third fund, which closed in September.
Blackbird founder backs SafetyCulture after CEO Luke Anear slams mandatory ASIC reporting
SafetyCulture is threatening to domicile in the US over Australian laws forcing large proprietary companies to publicly lodge their financial statements. And Blackbird's Rick Baker has come out in support of the startup.
Crypto crackdowns, investment scams and greenwashing targets at ASIC’s Annual Forum
ASIC has revealed its enforcement priorities with suspicious crypto companies, investment scams and greenwashing at the top of its hit list.
John Durie: Small business ‘can’t avoid commitments’ as ATO works through backlog of arrears
Small businesses are being warned to pay attention to their tax obligations and if in trouble, to speak up early to set repayment plans with the ATO.
“Factually incorrect”: ASIC fines company $56,000 for greenwashing, warns more is to come
The financial regulator has warned companies that are boasting about their sustainability credentials to back up their claims — or else.
ATO spends $3.2 million to push director ID registrations as deadline approaches
Anyone who is a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation is required to register and director identification number by November 30.
ACCC greenwashing crackdown earns startup support as sustainability claims go unchecked
Australia's competition watchdog will soon "sweep" company websites for false or misleading claims about environmental sustainability, with penalties on the cards for serious breaches.
