News Articles for Australian Securities and Investments Commission

Westpac is offering refunds to more than 10,600 customers found to be paying for insurance they did not need.

ANZ Banking Group subsidiary Esanda has agreed to compensate more than 70 borrowers who took out car loans worth $1.38 million through Victoria Park-based broker Get Approved Finance.

A proposed acquisition of tech entrepreneur Justin Miller's company, Nuheara, by Wild Acre Metals has hit a major roadblock after concerns were raised by the corporate watchdog.

Consumer Protection is investigating a ‘bogus' investment company which is believed to have taken nearly $700,000 from Australians through its fake website.

Oliver Wood, the director of three Perth-based web development and digital marketing companies, has been handed a 10-month suspended prison sentence for using his position dishonestly to gain an advantage.

Homebuilder JWH Group has recorded a small dip in profit, despite increasing the number of homes it started building over the financial year.

Commercial real estate agency Metier has scored another plum government job, this time to handle retail leasing for the Metropolitan Redevelopment Authority at Midland's Railway Workshops.

The director of three Perth-based website development and digital marketing companies has been convicted in the District Court of using his position dishonestly to gain an advantage.

The corporate watchdog has fined Perth stockbroking firm DJ Carmichael $300,000 for actions undertaken by one of its former employees in 2011.

Two prominent Perth businesswomen have moved on to new government roles, with Heather Zampatti named the new chair for Lotterywest, while Libby Lyons has become a director of the national Workplace Gender Equality Agency.

The corporate watchdog has stopped Perth-based Macro Realty Developments from promoting a Pilbara property investment that ran afoul of Australian company regulations.

Eight years after Diploma Group listed on the ASX, the Di Latte family is looking to buy back the business from shareholders.

The corporate watchdog says former Hanlong Mining managing director Hui Xiao has pleaded guilty to insider trading involving two Perth resources companies.

The corporate watchdog is considering an update to its disclosure policy for prospectuses, one week after uncertainty over the policy contributed to the collapse of a high-profile backdoor listing deal.

A planned backdoor listing by technology company Yatango, which was backed by top-shelf advisers and boasted iiNet founder Michael Malone as one of its directors, has fallen through after being hit by tough market conditions and a run-in with the corporate regulator.

A Perth developer and builder recent campaign to attract investors has drawn the ire of the corporate regulator, with the Australian Securities and Investments Commission imposing a fine of more th

The corporate watchdog has permanently banned local brokers Eric-John Pryor and Peter McDonald from providing credit and financial services after being found to have engaged in misconduct when brokering car financing for a business in Victoria Park.

Troubled mining group FairStar Resources has been put in the hands of receivers and managers with the appointment of PPB Advisory's Simon Theobald and Melissa Humann.

The corporate watchdog has begun civil penalty proceedings against Padbury Mining and two of its directors over statements made last year claiming the company had lined up $6 billion in equity to fund construction of a port and rail network at Oakajee north of Geraldton.

Complaints against builder Capital Works Constructions, which collapsed this month owing $8.5 million, date back to at least 2013, with the first of dozens of formal grievances lodged with the indu

The corporate watchdog has banned stockbroker Anton Kerstens from providing financial services for five years, following an investigation that found he had manipulated the share price of Perth-based uranium explorer Cauldron Energy.

UPDATE: Perth Glory denies it has breached the salary cap and is considering its legal options, after it was banned from this year's A-League finals series over allegations it overpaid its players for the past three years.

The Australian Securities and Investments Commission has permanently banned former Patersons Securities WA state manager Lewis Fellowes from providing financial services after finding he had transferred about $1.5 million of clients' funds into his own accounts.

The Australian Securities and Investments Commission disclosed today it had raised concerns about Resolute Mining's project valuations, prior to the Perth-based miner's decision to impair its Syama gold mine in Mali by $310 million.

Quintessential Resources is set to relist on the ASX tomorrow after morphing into technology incubator Yonder and Beyond, but plans by three travel businesses, including George Michalczyk's Motive Travel, to undertake a backdoor listing through Red Gum Resources have fallen through. Click through to also see the BNiQ listing of 26 WA backdoor listings.

Troubled iron ore miner Pluton Resources has been restricted from issuing a reduced content prospectus until next year because it failed to comply with reporting and disclosure obligations, the Australian Securities and Investments Commission says.

Medibank Private says the number of pre-registrations for its share offer exceeded its expectations, with 750,494 lodgements received to date.

The Commonwealth Bank of Australia has agreed to release $2.2 million into the hands of about 45,000 of its customers who had money left on expired CBA travel money cards.

Nauru is a good example of why a sovereign wealth fund is not such a smart idea.

Former Aperio Resources director Andy Lim has been sentenced to 12 months jail in the Perth District Court on a fraud charge brought by the Australian Securities and Investments Commission.

Western Australia has recorded its highest number of insolvencies for a month in nearly two years, with 841 companies entering external administration across the country in July.

Brookfield Infrastructure has joined Azure Capital as a major shareholder in emergent Perth water utility Water West.

Perth-based potash exploration company Reward Minerals has been served a $33,000 penalty by the Australian Securities and Investments Commission and has complied with the infringement notice.

Gina Rinehart's Hancock Prospecting has been taken to court by the corporate watchdog for failing to lodge financial reports on time.

A former Perth accountant who was sentenced to eight years in prison for multiple fraud charges has been permanently banned from providing financial services by the corporate watchdog.

Stockbroking firm Hartleys has been fined by the corporate watchdog over an inadvertent trading error in 2012 which resulted in a plunge in Tanami Gold's share price.

Former Compass Hotel Group boss Brian Northcote has had his sentence for breaching directors duties and submitting false information to the corporate regulator extended by a New South Wales court.

Perth company director David Alan Zohar has pleaded guilty to three counts of providing false and misleading information to the Australian Securities Exchange.

Construction and development firm Diploma Group has been fined by the corporate watchdog for failing to comply with its continuous disclosure obligations.

Jane Gouvernet has been appointed acting regional commissioner for the Australian Securities and Investments Commission in WA, following the retirement of long-standing commissioner Bruce Dodd.