CCH Australia - News - Corporate & Business Law

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PRESS REVIEW

20 June 2013

Watchdog fines iiNet $102,000 over fine print

Internet and telephone provider iiNet has been fined $102,000 by the competition watchdog for failing to prominently state the total minimum price payable for its Naked DSL service on a Sydney bus advertisement. (Sydney Morning Herald)

Lehman's US arm pulls plug

Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million. (The Age)

Treasury warned on super earnings tax

Executives from the SMSF Professionals’ Association have met with federal Treasury officials warning them about the impact the proposed 15 per cent tax on super investments above $100,000 will have. (Australian Financial Review )

ASIC’s Newcrest probe includes analysts

The Australian Securities and Investments Commission will meet analysts, as part of its investigation into Newcrest Mining’s potential selective briefing. (Australian Financial Review )

ASIC may face Senate inquiry over CBA

The corporate regulator, ASIC, may be forced to face a special Senate inquiry for failing to act sooner on whistle-blower complaints into serious problems uncovered at the Commonwealth Bank. (Australian Financial Review )

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Select News

	Committee recommends passing the IP Bill
	The House of Representatives Standing Committee on Social Policy and Legal Affairs has recommended that the House of Representatives pass the Intellectual Property Laws Amendment Bill 2013 (summarised at 89-007).
	Updated Corporations Regulations
	The CCH Australian Corporations Legislation has been updated for recent amendments, detailed below, which are now available online.
	Stockbroking activities under FoFA
	The government has released Corporations Amendment Regulation 2013 (No 4) (the Regulation), which makes a number of amendments to the Corporations Regulations 2001.
	$93m lost in scams
	The Australian Competition and Consumer Commission (ACCC) has released Targeting Scams, a report which shows that Australians lost around $93m in 2012 due to scams.
	Federal ban on synthetic drugs
	The Federal Government has put into place an interim ban on a number of synthetic drugs pursuant to the product safety provisions of the Australian Consumer Law.
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