This Month
Cbus customer service provider hits back
Superannuation administration platform Link Group says it services 19 other super funds that do not face the same level of complaints as Cbus.
- Hannah Wootton
When things went wrong for the cafe baron and the Chinese shoe king
The Federal Court has ordered that Faddy Zouky’s assets be frozen until he pays back nearly $9.6 million after a business deal turned sour.
- Updated
- Max Mason
Systemic customer failings in super, says ASIC
The opposition has accused the Albanese government of looking after super funds rather than their members, as ASIC warns more prosecutions are afoot.
- Hannah Wootton
ASIC sues Cbus for ‘inordinate delays’ in claims worth millions
The super fund headed by former treasurer Wayne Swan has admitted that failing to process payments cost members $20 million. Past payouts suggest the figure could be closer to $1 billion.
- Updated
- Hannah Wootton
- Exclusive
- PwC tax scandal
PwC Australia settles with three former partners for millions
The firm has entered into settlements worth millions with two partners forced to leave amid the tax leaks scandal and another former partner.
- Edmund Tadros
Australian AI start-up founder accused of faking financials in US
Baba Nadimpalli has been accused of providing fake bank statements and falsifying revenue numbers to investors by the US corporate regulator.
- Max Mason
Case closed: Escala loses bid to restrict defecting partners
Paul Sealey and Jonathan Vickers‑Willis defected to rival LGT Crestone in 2023 amid a spate of departures.
- Sarah Thompson, Kanika Sood and Emma Rapaport
AAT lawyer accused of ‘vile language’ in tweets targeting conservatives
The new Administrative Reviews Tribunal deputy president Clare Thompson allegedly abused conservatives on Twitter, and described Liberals as “misogynistic toe rags”.
- Hannah Wootton
UK watchdog plans action against Crispin Odey over sexual misconduct
Hedge fund boss Crispin Odey was the subject of a series of assault claims in 2023 that plunged the firm he founded into turmoil.
- Leonard Kehnscherper
October
Optus ‘exploited’ vulnerable people, ACCC alleges
The telco group sold phone plans to people who could not use them at home because there was no Optus coverage where they lived, the competition watchdog claims.
- Jenny Wiggins
Optus disputes ACMA’s ‘not highly sophisticated’ cyberattack claim
The hacker in Optus’ 2022 data breach had “a high degree of knowledge” of the telecommunications group’s confidential systems, Optus has claimed.
- Jenny Wiggins
Former Abercrombie & Fitch CEO charged with sex trafficking
A US indictment alleges Mike Jeffries often recruited male models for sex with the promise of appearing in the retailer’s ads.
- Updated
- Jennifer Peltz
- Opinion
- Chanticleer
Super Retail’s legal mess is an own goal
Super Retail Group’s failure to settle an ugly legal drama over whistleblower claims is creating a mess its new chairwoman will have to deal with.
- James Thomson
The endless downfall of a crypto power couple
He was a wealthy FTX crypto executive; she was a Washington policy wonk. Now the newlyweds are both headed to prison.
- David Yaffe-Bellany
Former RAMS chief executive quietly departs new job at Beyond Bank
The company said Jake Bromwich’s exit decision was mutual. Westpac-owned RAMS is at the centre of a fraud investigation and faces bulling claims from former employees.
- Lucas Baird
Federal Court orders EDO to release 3200 documents in financier search
Santos has been pursuing the activist legal firm, which represented Tiwi Islanders in a failed attempt to stop a $5.8 billion gas project, to find its backers.
- Ayesha de Kretser and Elouise Fowler
‘No excuse’: ASIC seeks $27m fine against super giant for customer care fail
The corporate watchdog asked the Federal Court for a penalty with “real sting and burden” against AustralianSuper as a warning to the wider sector.
- Hannah Wootton
Fortescue in court win over Element Zero
The Federal Court refused a request by former Fortescue executives to invalidate a search-and-seizure mission against them.
- Peter Ker
Business elite reaps the rewards of stolen wages cases
There’s a certain irony, and sadness, that it takes a rapacious firm looking to “maximise returns” for its wealthy backers to get governments to empty their pockets.
- Max Mason
- Updated
- ANZ Bank
ANZ loses appeal over botched $2.5b capital raising
The bank was attempting to have a ruling thrown out that it kept the market in the dark during a big institutional shortfall almost a decade ago.
- Updated
- Lucas Baird