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Regulation

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.

Watchdog takes Pastacup franchisor to court

The competition regulator has initiated Federal Court proceedings against Perth-based franchise chain Pastacup and its co-founder Stuart Bernstein for alleged breaches of the Franchising Code of Conduct.

Citation enters voluntary administration

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

MinRes gets nod for BOTS rail project

Mineral Resources is a step closer to developing its bulk ore transport system (BOTS) in the Pilbara after the project was recommended for approval by the environmental watchdog.

AHG braces for insurance reforms

Car retailer Automotive Holdings Group is bracing for a potential earnings hit when the corporate regulator enacts reforms to finance and insurance commission arrangements next year.

EPA gives tick for Cliffs iron ore project

The Environmental Protection Authority has recommended approval of global miner Cliffs Natural Resources’ plans to extend its Koolyanobbing iron ore operations, as Mineral Resources continues to seek approval for its own expansion plans in the same region.

Ord expansion failing to deliver

The $529 million Ord-East Kimberley expansion project cost more and took substantially longer than originally expected, has not delivered the expected benefits, and left the region with an unclear pathway for future development, auditor general Colin Murphy has found.

Approval tick for uranium mine extension

Toro Energy has received the environmental watchdog’s backing to mine two additional deposits at its Wiluna uranium project, subject to a number of strict conditions.

High Court rejects FMG appeal

Hong Kong-based Brockman Mining has continued its run of legal victories in its efforts to gain access to Fortescue Metals Group’s rail infrastructure.

Ardrey to face retrial

Biotechnology entrepreneur William Ardrey faces a retrial on fraud charges after Western Australia’s Court of Appeal found the jury had been misdirected in the original court case.

Flanagan, In't Veld join Northern Star

Northern Star Resources has announced a major board restructure that includes the recruitment of two new directors and, in an unusual move that is at odds with corporate governance guidelines, the promotion of managing director Bill Beament to executive chairman.

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