In a recent decision, the Federal Court has provided an important reminder that directors of any company—listed or not—are prohibited from taking up opportunities which should properly have been made available to their companies.
The Federal Court recently imposed record penalties of $6m against a director and $12m against a corporation for contravening the Australian Consumer Law. Are we seeing a new era of tougher penalties for consumer law breaches?
Prohibitions to credit betting coming into force in early 2018 mean that online corporate bookmakers are set to continue to be impacted by amendments to the Interactive Gambling Act 2001 (Cth) well into next year.
ASIC has intervened in relation to 21 superannuation trustees over potential breaches of section 29QB, which requires superannuation funds to disclose Transparency Information on their websites and keep it up to date at all times.