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Regulation

Former Kleenmaid boss found guilty of fraud

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.

ASIC bans Perth adviser

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 obligations

ASIC acts on $240m investment scheme

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.

27 banks join first home loan deposit scheme

P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government’s first home loan deposit scheme, aimed at low and middle income earners.

ASIC takes action on Sterling First

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.

Stirling speeds up small business approvals

The City of Stirling has streamlined the approvals processes and cut red tape for small businesses in the area, as part of the Small Business Friendly Approvals Project.

Perth company fined $40,000

A former building director and his Mount Hawthorn business, Turquoise Developments, has been fined a total $40,000 in the State Administrative Tribunal for threatening behaviour.

EPA revises greenhouse gas policy

The Environmental Protection Authority has released a new draft greenhouse gas emissions guideline, which substantially softens the initial draft guideline announced earlier this year.

SAT approves Claremont apartments

Iris Residential is preparing to launch a $130 million apartment project overlooking Claremont oval after the State Administrative Tribunal overturned objections raised by the development assessment panel and the local council.

ASIC bans Perth director

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.

WorkSafe prosecutes Hanssen

WorkSafe announced it has taken action against Perth-based construction company Hanssen in relation to an incident that resulted in the death of a labour hire backpacker.

ASIC bans WA finance broker

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.

Perth building surveyors fined $35,000

Building surveying company Resolve Group and its two directors have been fined a total $35,000 for negligence after signing off on three buildings that failed to meet fire safety requirements.

Ammon loses final bid to close Raffles Hotel bar

The Supreme Court has rejected the final bid from Perth mining executive Derek Ammon to have the Raffles Hotel bar closed at night over noise complaints.

Hanssen fined for Vue accident

Hanssen has been fined $47,500, after a tilt-up panel fell from a Finbar Group development onto parked cars, with the construction work being supervised by someone without adequate qualifications.

11 contractors suspended by WA govt

The state government has banned 11 contractors for up to five years each, as a result of the Corruption and Crime Commission’s (CCC) investigation into the North Metropolitan Health Service.

Venus takes Bosio and Adams to court

Venus Metals Corporation has commenced proceedings in the Supreme Court of Western Australia against Davide Bosio, Paul Adams, DJ Carmichael and Spectrum Metals, in relation to Spectrum’s acquisition of the Penny West gold project.

Prominent Perth restaurateur accused of extortion

The Perth restaurateur behind The Meatball Bar chain, Gourmet Republik, and Thuggs Fried Chicken and Waffles, is accused of threatening to destroy a man's cafe and put him "in a coffin" over some fruit and vegetables.

$40k penalties after WA pilots underpaid

The operators of a scenic and commercial helicopter flights business in regional Western Australia have been fined $40,260 after it was found guilty of underpaying two pilots.

Push for regulation of short-stay sector

Industry bodies are divided over a plan to increase regulation of short-stay accommodation providers such as Airbnb, with Tourism Council WA and the Australian Hotels Association among supporters of the proposed rules.

Perth director on market manipulation charge

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.

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