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Regulation

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.

Win for Flinders minority investors

The Takeovers Panel has declared unacceptable circumstances in the proposed delisting of the Flinders Mines, giving minority shareholders of the company a victory in the feud.

Govt offers $20m to settle hospital dispute: report

The Western Australian government has reportedly offered contractor John Holland $20 million to settle the long-running dispute over the Perth Children's Hospital.

APRA review panel named

The panel tasked with reviewing the Australian Prudential Regulation Authority will be led by former Australian Competition and Consumer Commission chair Graeme Samuel and includes Wesfarmers non-executive director Diane Smith-Gander.

Government compromises on rock lobster plan

The state government and the Western Rock Lobster Council have reached a comprise on the future of the industry, with the annual catch to increase by just 315 tonnes. However, details of how this will be delivered to the local market have not yet been worked out.

Optus hit with $10m fine

Optus has been ordered to pay a $10 million fine, one of the highest penalties to be imposed by the Federal Court, for misleading its customers over digital content.

John Holland charged over Perth project

Construction company John Holland and two contractors are facing federal work health and safety charges over an incident that injured a worker at Main Roads WA’s $1 billion NorthLink road project.

AFG shares fall 29% on royal commission report

Shares in Perth-based Australian Finance Group and in ASX-listed Mortgage Choice plunged today on concerns the mortgage broking sector will be one of the biggest losers from the banking royal commission, which recommended the banning of commissions paid by lenders to brokers.

WA government seeks assurance from Huawei

There are doubts Chinese government-owned telecommunications giant Huawei will be able to deliver a $136 million contract for Perth’s rail network, after the United States brought criminal charges against the company.

Austal investigation expands to US

US federal agents have conducted a search at Austal’s offices in Mobile, Alabama, in relation to an inquiry by the Australian Securities and Investments Commission into announcements the shipbuilder made in late-2015 and mid-2016.

Asic appoints Morgan Stanley to sell Tribune shares

The Australian Securities and Investments Commission has appointed Morgan Stanley Wealth Management to sell approximately 12 million ordinary shares in Tribune Resources.

Ultra Tune cops $2.6m ticket

The Federal Court has imposed a $2.6 million penalty on Ultra Tune Australia, after it was found the automotive servicing and roadside assist company made false or misleading representations about a franchise site, and then tried to mislead the court in its defence.

City of Perth scraps alfresco fees

Alfresco dining areas will now be fee-free for restaurant and cafe owners within the City of Perth.

Father-and-son builders fined $20,000

Jason Burns Homes has been fined $20,000 by the State Administrative Tribunal after the father-and-son building partnership failed to rectify defects at three new homes.

Strata changes offer premium potential

Western Australia’s revamped strata regulations have made it easier for property owners to sell together and realise a higher premium than if they sold individually, particularly in strategic locations.

State launches EOI for partial Landgate sale

The state government has hit a key milestone in the partial privatisation of Landgate, seeking a private sector operator to undertake automated land titling transactions.

Creso expands into Sri Lanka

Medicinal cannabis company Creso Pharma has announced it will expand into Sri Lanka, after it signed a binding letter of intent with Ceyoka Health, one of Sri Lanka’s largest pharmaceutical distribution companies.

Kleenheat in hot water with the ACCC

Wesfarmers-owned Kleenheat Gas has paid $25,200 in penalties, after the Australian Competition and Consumer Commission issued two infringement notices for alleged false and misleading discount gas campaign.

Puma pulls out of Dunsborough

Opponents of a Puma Energy development on Dunsborough’s main street have emerged victorious from the three-year stoush, after the developer behind plans to build the 24-hour service station announced it would no longer proceed with its bid.

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