Franchisee's holiday leads to trainee ban amid safety concerns
By Sarah Mullins and Jordanna Schriever
An Ultra Tune franchisee who left two apprentices unsupervised while he holidayed interstate has been indefinitely prohibited from having trainees over supervision concerns.
https://www.abc.net.au/news/2025-10-16/ultra-tune-franchisee-banned-from-apprentices/105898582
#Apprenticeships #EducationandTrainingIndustry #BusinessandIndustryRegulation #Work #SarahMullins #JordannaSchriever
Watchdog slams super fund communications to retirees
By Nassim Khadem and Adelaide Miller
ASIC's review of 12 super funds collectively responsible for more $1.2 trillion in member assets finds they are failing in customer service and communications, and may not be giving members information to make informed retirement decisions.
#Superannuation #RetirementPlanning #BusinessandIndustryRegulation #ConsumerProtection #NassimKhadem #AdelaideMiller
First Guardian financial adviser says he relied on super trustees
By Nassim Khadem
A former financial adviser involved in placing thousands of clients into the First Guardian Master Fund says he was given clearance by superannuation trustee Diversa to do so after the trustee initially flagged compliance concerns.
#Superannuation #FinancialServicesIndustry #FinancialPlanning #FinancialMarkets #PersonalInvesting #BusinessandIndustryRegulation #RegulatoryAuthorities #Courts #NassimKhadem
Gambling regulator's alleged 'cosy relationship' with $50b betting industry
By Rory Callinan, Steve Cannane, Mayeta Clark, and Dan Oakes
Four Corners has uncovered allegations of conflicts of interest and pro-industry bias at the country's part-time regulator responsible for Australia's biggest betting companies.
#Gambling #RegulatoryAuthorities #BusinessandIndustryRegulation #RoryCallinan #SteveCannane #MayetaClark # #DanOakes
Nicheliving customer left with leaking home after plumber uses wrong pipe
By Emma Wynne
Kathy Ellis was overjoyed to finally move into her new house after years of building delays. But within days, she discovered her shower was draining straight into the ceiling below.
#HousingConstructionIndustry #ConsumerProtection #BusinessandIndustryRegulation #EmmaWynne
Up to 30,000 people at risk of losing some or all their super, ASIC boss warns
By Nassim Khadem
Compulsory super has led to higher levels of national savings but, as the pool of savings grows, many argue that stricter supervision is needed to protect Australians' retirement savings.
#Superannuation #FinancialServicesIndustry #ConsumerProtection #FederalGovernment #BusinessandIndustryRegulation #PersonalInvesting #RetirementPlanning #FinancialPlanning #FinancialMarkets #NassimKhadem
Amazon fined $3.8b by US government for misleading Prime subscribers
Around 35 million US Prime customers, equivalent to one in 10 American citizens, will be eligible for a payout.
https://www.abc.net.au/news/2025-09-26/amazon-fined-over-prime-subscriptions/105819274
#BusinessandIndustryRegulation #RetailIndustry #Internet #BusinessEconomicsandFinance #ConsumerProtection #Industry
Customers threaten to walk as WA's biggest insurer plugs sale to NSW group
By Cason Ho
The head of Western Australia's biggest insurer says having a Sydney-based owner is the "best path forward" for its customers, but some are threatening to leave if the acquisition goes ahead.
#Insurance #ConsumerProtection #BusinessandIndustryRegulation #Takeovers #CompanyNews #CasonHo
An ‘Apple vs Samsung charger dilemma’ is holding us back from gaming our power
By Daniel Mercer
In the same way Apple and Samsung used different phone chargers, many clean tech products are not compatible with others. Experts say it is a big problem for the energy transition.
#HomeAppliances #EnergyIndustry #ElectricalProductsIndustry #BusinessandIndustryRegulation #DanielMercer
Judge finds businessman had 'magic pudding' approach to valuing company
By Loretta Lohberger
The Australian Securities and Investments Commission took Dave Hodgson and two of his companies to the Federal Court, alleging they were operating without the required financial services licence, and had made misrepresentations to investors.
https://www.abc.net.au/news/2025-09-23/dave-hodgson-queensland-businessman-asic/105806258
Watchdog takes insurer to court over 'misleading' renewal notices
By Liam Walsh
The corporate watchdog alleges RACQ knowingly misled over 500,000 customers in insurance renewal notices since 2019.
https://www.abc.net.au/news/2025-09-23/racq-insurance-premiums-regulator-action/105805622
Unofficial ABC News Bot @abc_bot
Senator calls for 'heads on spikes' to deter super mismanagement https://www.abc.net.au/news/2025-09-20/heat-on-asic-first-guardian-shield-fallout-superannuation-fails/105790322 #BusinessandIndustryRegulation #FinancialServicesIndustry #CorporateGovernance #ConsumerProtection #Superannuation
Well, dunno really that it will help specifically, but it sure as sheepdip will help generally. Thus, i submit my nominations [this list non-exhaustive]:
Senator calls for 'heads on spikes' to deter super mismanagement
By Nassim Khadem
As questions mount about how Australia's retirement funds industry is regulated, a senator says regulator ASIC must more quickly and forcefully enforce the law.
#Superannuation #FinancialServicesIndustry #CorporateGovernance #BusinessandIndustryRegulation #ConsumerProtection #NassimKhadem
Retirement funds disaster leaves investors in 'a really dark place'
By Nassim Khadem
The failed First Guardian and Shield schemes have cost about 12,000 Australians more than $1 billion in retirement savings and exposed deep flaws in how Australia's $4.3 trillion superannuation sector is regulated.
#Superannuation #FederalParliament #BusinessandIndustryRegulation #FinancialPlanning #FinancialServicesIndustry #Crime #CorporateCrimes #ScamsandFraud #ConsumerProtection #NassimKhadem
ANZ commits bank errors in its favour. Is there any other kind?
By Michael Janda
ASIC has lived by that aphorism in its decision to strike a settlement deal with ANZ over a raft of wrongdoing.
https://www.abc.net.au/news/2025-09-16/anz-slammed-for-bank-errors-in-its-favour/105775702
Breaking: ANZ faces record penalty for ripping off customers and government
By Michael Janda
ANZ bank agrees to a record penalty with the corporate regulator over its dealings with about 65,000 customers, as well as the federal government.
https://www.abc.net.au/news/2025-09-15/anz-record-penalty-asic-federal-court/105773084
#Banking #CorporateCrimes #CorporateGovernance #BusinessandIndustryRegulation #RegulatoryAuthorities #MichaelJanda
IVF peak body loses $3 million in suspected fraud
By Grace Tobin and Kirsten Robb
Shocking allegations of suspected embezzlement at the fertility industry's peak body have been revealed just days before Australia's health ministers meet to decide the future of how the organisation self-regulates the IVF sector.
#FertilityandInfertility #Courts #Crime #ScamsandFraud #BusinessandIndustryRegulation #Government #GraceTobin #KirstenRobb
Financial fallout of Woolworths, Coles underpayments could climb past $1 billion
By Stephanie Chalmers and Yiying Li
Supermarket giants Coles and Woolworths expect to spend hundreds of millions of dollars more to repay staff the companies underpaid, following a legal judgement experts say could have wide-reaching implications.
#Supermarkets #WagesandBenefits #IndustrialRelations #BusinessandIndustryRegulation #Courts #CompanyNews #StephanieChalmers #YiyingLi
A banned pesticide is showing up in blueberries. No-one can find the source
By Rachel Clayton
A scientist investigating why pesticides were appearing in marine life discovers a banned chemical on NSW berries. The underwhelming response from the government has exposed regulatory blind spots in the system meant to protect consumers.
#ConsumerProtection #PublicHealth #Horticulture #RegulatoryAuthorities #BusinessandIndustryRegulation #EnvironmentalImpact #EnvironmentalPolicy #RachelClayton
The 'shocking legal loophole' allowing some abusers to profit from their partner's death
By Nassim Khadem
Perpetrators of domestic violence and financial abuse can gain access to the superannuation benefits and life insurance proceeds of their victims. A parliamentary inquiry finds super laws should be changed to prevent it continuing.
#Superannuation #DomesticViolence #FinancialServicesIndustry #BusinessandIndustryRegulation #ConsumerProtection #Businesses #Laws #FederalGovernment #FederalParliament #NassimKhadem
