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Friday, 1st Sep 2017
The Australian Financial Security Authority (AFSA) and the Australian Securities & Investments Commission (ASIC) have welcomed the start today of the second and final tranche of reforms introduced by the Insolvency Law Reform Act 2016 (ILRA).
Thursday, 31st Aug 2017
The Australian Competition and Consumer Commission report on the Australian petroleum industry for the June quarter 2017 shows that retail margins remained high despite quarterly average petrol prices in the five largest cities dropping by 3.9 cents per litre (cpl) from the March quarter to 125.2 cpl.
Wednesday, 30th Aug 2017
The Federal Court today ordered Get Qualified Australia Pty Ltd (GQA) to pay an $8 million penalty for multiple breaches of the Australian Consumer Law (ACL) and its sole director, Mr Adam Wadi, to pay a penalty of $500,000. This is one of the highest penalties ever awarded for breaches of the ACL.