Tag: Penalty

Open4Sale promised $57bn revenue with zero income history. Directors now face $2.8m penalty and decade-long corporate bans.

Fitness chain pays penalty fee.

What made the news this week?

A business has received a large fine after failing to pay workers.

The taskforce charged with reviewing ASIC’s enforcement powers, including penalties regime, has recommended nearly tripling penalties for corporate and financial sector misconduct.  In a position paper, published this week, The ASIC Enforcement Review Taskforce expressed concern that penalties available to address corporate and financial sector misconduct are inadequate, inconsistent or too low to act as a […]

The operator of online electronics store Electronic Bazaar has been fined $100,000 for misleading customers regarding refunds and the liability for faulty goods.

The Australian Competition and Consumer Commission has fined NIB Health Funds $10,200 for misleading advertising about the waiting period for “Extras” cover.

The South Australian arm of electricity retail giant AGL has been penalised over $1 million for misleading customers on the discounts they would receive under the company’s energy plans.

The Australian Competition and Consumer Commission (ACCC) has issued the Independent Liquor Group (ILG) with a $10,200 penalty for misleading consumers with its “Aussie Beer” line of alcohol.

A Melbourne cleaning company has been fined half a million dollars in proceedings by the ACCC.