Category Archives: Legal Back

A former Sydney tech startup CFO has been charged with taking $6.25 million

John Falconer, a former director and chief financial officer of software startup TZ Limited, has been extradited from Thailand to face dishonesty charges in Sydney’s Central Local Court. The charges follow an investigation by corporate regulator ASIC (Australian Securities and Investments Commission) which alleges $6.25 million of TZ Limited’s funds were transferred to entities associated … Read more

NO BONUSES FOR CEO IAN NAREV AND COMMBANK EXECS IN WAKE OF MONEY LAUNDERING SCANDAL

BONUSES for Commonwealth Bank CEO Ian Narev and senior executives have been cut to zero in the wake of the money laundering scandal that hit the bank last week. As the Commonwealth Bank (ASX: CBA) moves into overdrive to repair its reputational damage, company chair Catherine Livingstone said the board had full confidence in Narev. … Read more

Canada offers Australia a blueprint for protecting and motivating corporate whistleblowers

As the Australian government considers how to incentivise and protect corporate whistleblowers, it could look to Canada’s system. The securities regulator for Canada’s largest and most populous province, the Ontario Securities Commission, launched its whistleblower program last year. The program is accompanied by some important changes in law to protect whistleblowers from retaliation, but also a bounty to … Read more

SYDNEY CLEANING COMPANY FINED FOR TREATING WORKERS LIKE “SLAVES”

THE Fair Work Ombudsman has fined operators of a Sydney-based cleaning company $444,300 and backpay $223,244 for treating vulnerable employees as “slaves” under a “calculated” scheme. Grouped Property Services Pty Ltd has been penalised $370,000 and its former owner Rosario Pucci was fined $74,300 for being “intimately involved” in the exploitation of 49 workers between … Read more

Negotiated acquisitions and buyouts (book)

Author: Nick Humphrey Negotiated Acquisitions and Buyouts is a plain English reference guide for mergers and acquisitions and buyouts with step-by-step advice on the key legal, tax and structuring issues when implementing transactions. The book contains 22 chapters divided into three parts, and is a comprehensive reference for anyone involved in acquisitions, divestments and private … Read more

Understanding business law, 8th edition (book)

Authors: Stephen Graw, David Parker, Keturah Whitford, Elfriede Sangkuhl, Christina Do Understanding Business Law, 8th Edition by Stephen Graw, David Parker, Keturah Whitford, Elfriede Sangkuhl and Christina Do is an excellent resource for law and business students and an easily accessible reference for those encountering commercial law issues in day to day practice. Now in … Read more