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Regulation

Cladding to be replaced at Perth hospitals

Possibly flammable cladding at four Perth hospitals must be replaced but there is no risk to public safety, the state government says.

Skin Elements shares fall despite China deal

Shares in West Perth-based Skin Elements have fallen 23.3 per cent today to trade at 3.3 cents each, following its response to two ASX queries after trade closed yesterday.

Equity group to buy Navitas for $2.3b

A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.

RCR’s secured creditors may only get 30%

RCR Tomlinson’s secured creditors may only receive around $70.6 million of the $230 million they are owed, and its unsecured trade creditors are likely to receive none of the $170.6 million they are owed, as administrators McGrathNicol recommended the failed engineering firm be liquidated.

ASIC recovers $1.5m in final Westpoint action

The last of the 19 civil actions brought by the Australian Securities and Investments Commission on behalf of a number of investors in the Westpoint Group has been finalised.

IOOF facing shareholder class action

IOOF Holdings faces a class action over the beleaguered wealth manager's alleged failure to tell shareholders about APRA's concern over possible breaches of superannuation laws.

Two workplace deaths: one acquittal, two fines

A rigger has been fined $4,000 plus $10,000 in court costs after two Irish workers on an East Perth construction site were crushed to death by a tilt-up panel weighing more than three tonnes.

ATO cleared of small business cash grab

The head of the Australian Taxation Office has declared "integrity is everything" after the organisation was cleared of allegations it had executed a widespread cash grab on small businesses.

ACCC wants ban on sale of unsafe items

The consumer watchdog is calling for an overhaul of Australia's product safety laws to help reduce the two deaths and 145 injuries it says are caused each day by unsafe products.

Huawei contract for WA trains to proceed

Chinese telecommunications giant Huawei will continue to work on a digital radio system for Perth's rail network after the Western Australian government was assured the company could deliver the contract.

CCC alleges corrupt actions by WA commissioner in Japan

The Corruption and Crime Commission today tabled a report alleging that Craig Steven Peacock acted corruptly for at least a decade and cost Western Australian taxpayers in excess of $500,000.

Backflip on mortgage broker changes

Mortgage brokers will continue receiving trail commissions beyond 2020 under a federal coalition government, with Treasurer Josh Frydenberg revealing a plan to scrap them has been dropped.

Crew blundered in BHP runaway train drama

A BHP Group rail maintenance crew applied brakes to the wrong locomotive when they tried to help the driver of a runaway iron ore train, which ended up being deliberately derailed in the Pilbara region.

WA govt rejects EPA carbon neutral advice

A recommendation by Western Australia's environmental watchdog that new emissions-intensive projects should be carbon neutral has swiftly been rejected by the state government.

EPA recommends carbon emissions crackdown

The Environmental Protection Authority has recommended that operators of future major projects in Western Australia pay to offset their carbon emissions, in order to help Australia meet its climate change obligations.

Staffer of ex-NAB CEO arrested over $40m fraud

The former chief of staff to ex-NAB boss Andrew Thorburn has been arrested over a $40 million fraud against the bank.

Carnegie suspended from ASX

The cash-strapped company that received Western Australian government funds despite not meeting milestones attached to a wave power project has been suspended from trading on the Australian stock exchange for failing to lodge its half-year financial report.

Govt agency, contractor fined over worker death

State government agency VenuesWest and contractor Perth Aluminum Scaffolds have each been fined $90,000 over the death of a worker who fell through a skylight in the roof of HBF Stadium in Mt Claremont.

WA firm and director fined for worker injury

A company that supplies and installs underground services and its director have been fined a total of $69,500, and ordered to pay $4,391 in costs, over an incident in which a worker sustained serious permanent injuries.

Tabcorp confirms WA TAB interest

Tabcorp has confirmed it is interested in acquiring the Western Australian government-owned TAB, on the same day it announced a 642 per cent rise in profit stemming from its $11 billion merger with Tatts Group.

Silver Lake cops fine for worker injury

Silver Lake Resources has been fined $58,000 in Perth Magistrates Court following an incident in 2014 that seriously injured a worker at its Murchison gold operation, located 25 kilometres south-east of Cue.

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