According to the regulator’s press statement, this is the first time that it has cancelled an AFSL after a compensation payment by the Compensation Scheme of Last Resort (CSLR). This scheme aims to help victims who suffered losses due to financial misconduct and restore faith in the Australian finance industry. Established in June 2023, the…
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The financial watchdog indicated that the company, which supplies regenerative phosphate and organic fertilisers in Australia and North America, issued deceptive statements regarding its reforestation initiative in the Philippines. According to the allegations, Fertoz, which is listed on the Australian Securities Exchange (ASX), included misleading eco-based statements in a presentation published on this index. The…
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The Fair Work Ombudsman and the Australian Securities and Investment Commission (ASIC) will audit 50 businesses in the Melbourne CBD and inner suburbs in their second joint operation. On 20 and 21 June, Fair Work inspectors will be checking time and wage records to ensure employers are paying their workers correctly and complying with pay…
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