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KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal

KPMG Australia has penalized seven staff members for misusing confidential client information. Financial penalties up to A$180,000 were imposed after an internal audit leak probe. This scandal has already led to the resignations of the firm's CEO and other senior leaders. The Australian Securities and Investments Commission is also investigating…

The Economic Times

'It breaks your heart': scammers fake a real economist

'It breaks your heart': scammers fake a real economist

A well-known economist has spoken about his experience of being impersonated by scammers, warning vulnerable Australians not to fall for their tricks.

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

The Economic Times

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Corporate regulators told not to hinder nation's growth

Corporate regulators ASIC and APRA have been directed to prioritise economic growth and productivity, in new guidance provided by Treasurer Jim Chalmers.

Super funds accused of slow action on customer support

A study by a consumer advocacy group claims super funds are failing customers but the methods of the "mystery shopper" sting have been called into question.

Audit firms to be investigated following KPMG scandal

Major consulting companies will have their audit firms investigated by the corporate watchdog in an inquiry triggered by allegations surrounding KPMG.

‘Not fair and honest’: KPMG and other audit firms finally face a reckoning – and a potential break-up

The “big four” audit and consulting firms face a likely crackdown that could even lead to the firms being broken up, following a string of ethical failures.

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Rex misled with sky-high claims before $31.7m crash

Rex misled with sky-high claims before $31.7m crash

A cash-strapped carrier which boasted it would deliver profits before turning a large loss has had another setback with a judge finding it misled the market.

Super platforms warned, again, to protect client funds

Super platforms warned, again, to protect client funds

A regulator is on the warpath after a review of superannuation platform trustees came up short for the second time, potentially leaving clients exposed.

Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?

Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?

A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’

The Guardian - AU

Australia's car loan trap: industry warned to be 'fair'

Australia's car loan trap: industry warned to be 'fair'

The findings of a major report on car financing in Australia aren't pretty, leaving the industry body to make clear that customers must be treated fairly.

UQPAY Appointed as ASIC Australian Financial Services Authorised Representative

MELBOURNE, Australia, June 18, 2026 /PRNewswire/ -- UQPAY Pty Ltd, the Australian subsidiary of UQPAY Group, is pleased to announce that it has been officially registered as an Australian Financial Services (AFS) Authorised Representative with the Australian Securities and Investments Commission (ASIC), effective 15 April 2026. This achievement marks a…

NSW:'Vigilance wanting': ex-Star boss hit with $700k fine

The corporate watchdog has failed to get a $1.3 million penalty imposed on Star's former chief for failing to inform the board of risky overseas punters.

KPMG lost its clients’ trust, yet kept winning government contracts. Here’s what needs to change

KPMG lost its clients’ trust, yet kept winning government contracts. Here’s what needs to change

This Friday, senior current and former leaders from major consulting and audit firm KPMG will face a barrage of questions at a parliamentary inquiry in Canberra.

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The Economic Times

Australia imposes record $211 million fine on collapsed broker Union Standard, representatives

Australia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker engaged in misconduct between 2018 and 2020. They targeted inexperienced investors, pressuring them to deposit more funds. This action resulted in millions of dollars in losses for customers.

FED:Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

The Canberra Times

'No procedure': watchdog defends keeping $3m KPMG contracts amid probe

Partnership loophole leaves watchdog powerless to discipline KPMG.

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FED:'Unexplained gap' in case against ex-Rex directors

Four former regional airline directors will soon know their fate as the corporate watchdog's case against them draws to a close.

'Unexplained gap' in case against ex-Rex directors

Four former regional airline directors will soon know their fate as the corporate watchdog's case against them draws to a close.

Casino slapped with $10m fine over gambling breaches

The Star casino has been hit with another round of massive fines for regulatory breaches, including allowing players to gamble well beyond legal time limits.

'Blows my mind': KPMG's whistleblower issues collide

A consultancy firm facing claims it mishandled allegations of misconduct by a whistleblower was dealing with whistleblower complaints for major companies.

'I take accountability': top advisory firm leader quits

The head of KPMG Australia has resigned after the corporate regulator publicly confirmed in real time it is probing registered company auditors at the firm.

NSW:Proposed $1.3m fine for ex-Star boss branded 'unfair'

A judge has questioned how he could fine Star's ex-chief more than $1 million for criminal risks at the casino when others settled for much lower amounts.

Proposed $1.3m fine for ex-Star boss branded 'unfair'

A judge has questioned how he could fine Star's ex-chief more than $1 million for criminal risks at the casino when others settled for much lower amounts.

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