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Regulation

Company founder hit by injunction

Interior design firm Habitat1 has secured a Supreme Court injunction against its founder, Christian Formby, after he sought to transfer its domain name to a new company and set up a business called Habitat Interiors.

Murphy labels Nalder's actions 'not reasonable'

The auditor general says former transport minister Dean Nalder’s decision to withhold information from parliament about his proposed Max Light Rail project was unreasonable, as the details were already in the public domain.

Fortescue's Solomon extension plans get EPA nod

The Environmental Protection Authority has recommended approval of Fortescue Metals Group’s proposed extension plans at its Solomon iron ore operations near Tom Price, subject to a number of strict conditions.

Asic starts proceedings against State One

The Australian Securities and Investments Commission has launched civil proceedings against Perth-based State One Stockbroking, and in a separate matter has accepted undertakings from two liquidators employed by Melsom Robson.

Gold Road’s Gruyere gets EPA tick

Aspiring gold miner Gold Road Resources has received the Environmental Protection Authority’s nod of approval for its proposed development of its $507 million Gruyere project near Laverton.

Inquiry launched into payment times

The recently appointed Australian small business and family enterprise ombudsman has launched an inquiry into the payment practices of big businesses and governments across Australia.

Macmahon adds to CEO salary cuts

Macmahon Holdings has unveiled the remuneration package for new chief executive Michael Finnegan, adding to a trend in the contracting sector for lower base salaries but greater potential for bonuses.

Asic bans Perth insurance broker

The Australian Securities and Investments Commission has permanently banned a Perth man from providing financial services after finding he had redirected $254,000 worth of clients’ funds into his own accounts.

Cash Converters to pay $12m after Asic probe

Perth-based Cash Converters International has agreed to refund $10.8 million to customers and pay a $1.3 million fine after enforceable undertakings were accepted by the corporate watchdog.

New ASX listing rules chiselled in

The Australian Securities Exchange has softened the changes to its listing requirements for companies wishing to trade on the stock market, with the new rules to take effect from next month.

Agents exposed for deceitful deals

A former York real estate agent has lost his licence and his son is facing further penalties after the State Administrative Tribunal upheld allegations they pocketed $6 million from deceitful and misleading land deals.

Local builder fined for misconduct

The supervisor of Dianella-based building company Frayson has been fined $15,000 for failing in his duties as a manager and supervisor on work carried out at 20 Perth properties over a 10-year period.

WA lags nation on recycling: report

The state government has failed to hit any of the targets in its own waste management strategy, and part of the reason is a lack of coordination among its two key agencies, a review by the auditor general has found.

Court ruling exposes developer rift

The co-founders of a successful property developer Nicheliving are mired in a legal dispute after plans to buy out key executive Danne Forte were halted when other directors questioned his financial projections.

ACCC accepts CBH undertakings

Grain handling cooperative CBH Group has opened itself up to increased competition in the provision of grain transport services, following a review by the competition watchdog.

BCI gets EPA nod for Iron Valley extension

The Environmental Protection Authority has recommended approval of BC Iron’s extension plans at its Iron Valley mine near Newman.

Asic cancels Macro's financial services licence

Veronica Macpherson’s Macro Realty Developments has had its Australian financial services licence torn up by the corporate regulator.

ASIC guidance draws mixed response

Advisers to mining and exploration companies have tentatively welcomed new guidance from the corporate regulator on forward-looking statements but believe more clarity is needed.

Applabs directors forced to lower Sovereign stake

Morgan Stanley Wealth Management has been appointed by the corporate watchdog to sell a portion of shares in Sovereign Gold Company held by former Applabs Technologies directors which were found to have been acquired invalidly.

Telstra defends network, warns against roaming changes

Telstra has defended the quality of its network after a series of major disruptions this year while also warning against the possible regulation of mobile roaming charges.

Donnelly judgement discloses financial woes

Former footballer and insurance broker Andrew Donnelly has failed to overturn freezing orders that were imposed in January in relation to the alleged misuse of $5.1 million of trust funds from his old business.

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