The federal government has extended insolvency and bankruptcy protections until the end of the year as it seeks to stem the shock of a national recession.
Two directors and the company secretary of ASX-listed Continental Coal have been charged with breaching their duties, as well as providing false and misleading statements.
A former director of property management business Sterling First, which entered administration last year, has been contracted to insolvency firm Mackay Goodwin.
Business insolvencies in April were at their lowest in almost a decade in Western Australia, suggesting emergency COVID-19 provisions for directors had a major impact.
The Australian Securities and Investments Commission is suing the Commonwealth Bank and subsidiary Colonial First State Investments over a banking royal commission finding that the latter paid bank staff to promote a superannuation product to customers.
The Federal Court in Perth has approved the appointment of interim receivers to the property of Chris Marco, who the corporate watchdog has accused of running a large Ponzi scheme that is deeply in the red.
Former BAC Group managing director Mark Armstrong has been charged with making a misleading statement to the Australian Securities and Investments Commission, and ex-Stellar Corporate Solutions director Craig Dale will face court on charges of avoiding anti-money laundering reporting requirements.
Kelmscott-based adviser Anthony Hilsley has been banned from providing financial services for four years, while real estate sales representative James Mitsopoulous has been banned from working in the industry for 10 years.
Keith Bowker, who was previously banned six years from providing financial services, has received a reduced ban of two years after appealing the ASIC decision to the Administrative Appeals Tribunal.
Growing concerns over the novel coronavirus have led this week to the cancellation of multiple business and sporting events, with the largest being HBF's Run for a Reason and the annual Steadfast Convention, which would have brought more than 2,000 insurance industry delegates to Perth later this month.
Property analyst Mark Goldenberg has been permanently banned from engaging in any credit activities, after he was found operating an illegal early access to superannuation scheme in Perth.
The corporate watchdog has charged former Bellamy's director Jan Cameron over the alleged masking of her stake in the infant formula business via a mysterious Caribbean-based associate.
AMP has been ordered to pay a $5.2 million penalty after the Federal Court found the bank had failed to take reasonable steps to ensure its financial planners complied with the best interests duty.
Primewest is spinning out five of its office assets in Perth and Brisbane into a new publicly listed fund, with the new trust's portfolio valued at around $285 million.
Andrew Young, the former director and founder of collapsed whitegoods distributor Kleenmaid, has been found guilty today on 19 charges involving fraud and insolvent trading.
Insurers have promised to act quickly on claims made by bushfire victims, with companies told to prioritise local tradespeople when they start paying out for rebuilds.
The Australian Securities and Investments Commission has banned Wayne Blazejczyk from providing financial services for five years, saying the Perth adviser had failed to meet best interest obligati
The corporate regulator is seeking to wind-up an alleged unregistered managed investment scheme run by Mt Hawthorn resident Chris Marco, who received about $240 million from 132 investors.
The corporate regulator has started court action against Sydney-based company Theta Asset Management and its director Robert Marie over Theta's role as responsible entity for one of the main businesses in the collapsed Sterling First property group.
The corporate regulator has strongly criticised company directors and lead managers involved in mining IPOs, saying they often have conflicts of interest, favour select clients and are focused on chasing short-term gains.
Westpac is allowing investors to withdraw from a $500 million share purchase plan it launched two weeks before a money laundering and child exploitation scandal hit the lender's share price.
The Australian Securities and Investments Commission has banned Peter Jianchao Xu from providing financial services for five years, after surveillance showed Mr Xu providing improper advice to clients.
Not-for-profit group Communicare Inc has announced the acquisition of White Ribbon Australia, following negotiations with liquidators Worrells Solvency and Forensic Accountants.
CommInsure will refund more than $12 million to about 30,000 life insurance customers after pleading guilty to 87 counts of unlawfully selling policies in unsolicited phonecalls.
The Australian Securities and Investments Commission has disqualified the founder and chief executive of labour hire company Ochre Workforce Solutions from managing companies for five years.
The Australian Securities and Investment Commission announced today it has banned Element Finance Group director Tim Zheng from engaging in credit activities for at least three years.
ASIC has ordered IOOF Holdings to make sure a majority of directors have appropriate skills and experience to support its business as a wealth manager.
Ananda Kathiravelu, a director of corporate finance firm Armada Capital, will face trial after being charged with conspiracy to commit an offence of market manipulation.
The Morrison government has moved a step closer to beefing up the powers of the securities watchdog as part of its aim to restore trust in the nation's banking system.
