Corporate regulator ASIC prosecuted more than 200 small businesses in second half of 2018 Legal Matthew Elmas 10 April 2019 ASIC says it will be focusing on unfair contract terms and illegal phoenixing in 2019 after a tough year dealing with the banking royal commission.
Afterpay, Zip to face stronger regulation as ASIC welcomes new intervention power Retail Matthew Elmas 8 April 2019 ASIC says new product intervention powers which cover Afterpay and Zip Co will allow it to ensure better outcomes for consumers.
‘Unsustainable’ $5 pizzas: Fair Work boss Sandra Parker chases higher penalties for dodgy retailers Industrial Relations Matthew Elmas 19 March 2019 The Fair Work Ombudsman is reviewing its use of enforcement tools in the wake of the banking royal commission as it chases higher penalties.
“Lives destroyed”: Retail Food Group faces investigation for insider trading, tax avoidance and consumer law breaches after franchising inquiry report Retail Matthew Elmas 14 March 2019 A Senate committee has skewered Retail Food Group and has advised the ATO, ACCC and ASIC to probe allegations of insider trading and tax avoidance.
Accountant agrees to enforceable undertaking for three years following ASIC probe Legal Matthew Elmas 20 February 2019 A Gold Coast accountant has entered into an enforceable undertaking after ASIC found she had not been acting in the best interests of her clients.
Permanent director IDs imminent as Parliament considers business registry reform Legal Matthew Elmas 19 February 2019 New director IDs which will tag business owners with permanent unique numbers are being considered by parliament this week.
ASIC shells out over $100,000 on ‘new’ logo — but we can barely see the difference Branding Dominic Powell 13 February 2019 Australia's company and financial services watchdog has splashed the cash on a new font and logo, hoping to rebrand itself post-royal commission.
Hayne balks at calls for SME-lending reform and deputises ASIC as code cop Finance Matthew Elmas 5 February 2019 The banking royal commission has stopped short of advocating broad changes to SME lending, prompting criticism it has not gone far enough.
Man jailed for 30 months over tax fraud following ATO audit Tax Matthew Elmas 4 February 2019 A Sunshine Coast man will spend 30 months in jail after being found guilty of tax fraud involving over $100,000 in false GST claims.
Phoenixing tax dodger lands six years in jail and $1.8 million fine Tax Matthew Elmas 29 January 2019 A man convicted of tax fraud related to illegal phoenixing activity will spend six years in jail and pay $1.8 million in reparations.
Big-business fines up to $10 million under Labor plan to give unfair contract terms teeth Politics Matthew Elmas 25 January 2019 Labor will make unfair contract terms illegal if it wins the next election — its latest move to strengthen its small-business platform.
Social media “witch hunt” forces regional small-business owner to shut up shop Legal Matthew Elmas 23 January 2019 A Queensland small-business owner claims a social media "witch hunt" is forcing her to close down her fish-and-chip shop.
