AUSTRAC Expands Civil Penalty Case Against CBA

January 15, 2018 Editor Uploads 0

A further 100 alleged contraventions against the Commonwealth Bank of Australia (CBA) have been filed in Dec by the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Government’s financial intelligence and regulatory body, adding to the current civil penalty proceedings.

Fair Work Ombudsman Secures First Accessorial Liability Penalties Against an Accounting Firm

January 10, 2018 Editor Uploads 0

Last year the Fair Work Ombudsman has for the first time used accessorial liability laws to obtain penalties against a professional services firm for knowingly helping one of its clients exploit a vulnerable worker. Victorian accounting firm Ezy Accounting 123 Pty Ltd has been penalised $53,880 after the Federal Circuit Court found earlier in the year that it facilitated underpayments by its client, fast food operator Blue Impression Pty Ltd.