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Regulation

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.

$100,000 fine for car dealer

Luxury car dealership Luxuride and its director have been fined a total of $100,000 by the Perth Magistrates Court for breaking laws designed to protect consumers.

IOOF shares down as APRA moves on execs

Shares in IOOF Holdings have lost more than a quarter of their value after the prudential regulator moved to disqualify the beleaguered wealth manager's top brass and impose new licence conditions.

Delron underpaid workers $447,000

Perth-based commercial cleaning company Delron Cleaning has agreed to ongoing scrutiny of its workplace arrangements by the Fair Work Ombudsman after it was found to have underpaid staff more than $447,000.

BHP pays $529m to settle tax dispute

BHP Billiton has reached a settlement with the Australian Taxation Office (ATO) relating to their long-running dispute over the miner’s part-owned marketing hub in Singapore.

EPA backs second waste-to-energy plant

The environmental watchdog has recommended approval of a second waste-to-energy plant in southern Perth, just days after a Macquarie Capital consortium announced it would start construction this month on a similar facility.

Govt backs Airbnb inquiry

The state government has backed an inquiry into short-stay accommodation providers, just days after the Australian Hotels Association called for a tightening of regulation of the sector.

Panel makes adverse ruling on Tribune

The Takeovers Panel has made a finding of unacceptable circumstances against ASX-listed Tribune Resources, which is led by managing director Anthony Billis.

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