Business leaders would face fines of up to $40,000 for not listing their Director ID when required, and penalties of up to $20,000 for failing to provide updated email addresses, under draft legislation put forward by the federal government. The Treasury released an exposure draft for the Treasury Laws Amendment (Business Registries Stabilisation and Uplift)… Read more »
Over the summer break, Startup daily is republishing some of its most read and favourite stories from 2025. Today it’s about Canva’s profitabilty, published in September. It’s just shy of 20 years since US political satirist Stephen Colbert coined the term ‘truthiness’. He described it as “something that seems like truth – the truth we… Read more »
Failed logistics startup GetSwift’s cofounders, Bane Hunter and Joel Macdonald, have been banned from being company directors in Canada for life. The bans come four years after the pair moved to North America as their ASX-listed business disintegrated amid legal action and relisted in British Columbia. The BC Securities Commission (BCSC) last month placed permanent… Read more »
David Fairfull, the cofounder and former CEO of failed marketing startup Metigy has pleaded guilty to two charges in a prosecution brought by the Australian Securities and Investments Commission (ASIC). A year after first appearing in Federal Court in the ASIC case, and facing five counts of making false and misleading statements, plus one count… Read more »
Officials from corporate regulator the Australian Securities and Investments Commission (ASIC) and Australian Federal Police officers raided the headquarters of ASX-listed WiseTech Global on Monday over concerns about share sales by founder Richard White and three others. WiseTech (ASX: WTC) shares fell more than 16% to around $71 in opening trade on Tuesday morning after… Read more »
It’s just shy of 20 years since US political satirist Stephen Colbert coined the term ‘truthiness’. He described it as “something that seems like truth – the truth we want to exist”. In corporate circles, there’s a fiscal truthiness where everyone’s wealthy and successful right up until the moment they lodge tax filings with the… Read more »
The Australian Securities & Investments Commission (ASIC) will get one more crack at cryptocurrency fintech, Block Earner, in a long-running dispute over one of its investment products after the High Court granted the regular special leave to appeal a Full Federal Court decision it lost. It will be the fourth case in a two-year legal battle… Read more »
The Full Federal Court has dismissed ASIC’s appeal in the Finder Earn case, upholding a 2024 ruling that the crypto yield product wasn’t a debenture under the Corporations Act. Finder welcomed the decision, calling for better regulator–startup collaboration as Australia grapples with crypto regulation.
In a pointed speech, ASIC boss Joe Longo told bankers their AI ambitions will fly only if they tangibly help customers—and warned startups selling into finance that the regulator won’t hesitate to act if algorithms cause harm.
Corporate regulator the Australian Securities and Investment Commission (ASIC) is hoping it’s a case of third time lucky is its legal battle with cryptocurrency platform Block Earner, and will seek special leave from the High Court to appeal last month’s Full Federal Court decision to dismiss their case. ASIC is seeking a High Court’s ruling… Read more »
The battle between corporate regulator the Australian Securities and Investment Commission (ASIC) and Block Earner has swung in favour of the crypto platform after the Federal Court overturned a ruling that its Earner product was a financial product. The battle over the fixed-yield digital asset-related Earner has been running for the past two years after… Read more »
Corporate and and financial services the Australian Securities and Investment Commission (ASIC) is seeking feedback on its new regulatory guidance for the buy now pay later (BNPL) sector New laws offering increased protections for consumer users of BNPL kick in from June 2025, treating BNPL as a credit product. That means BNPL providers will need… Read more »
The company running the Kraken crypto exchange in Australia has been handed an $8 million penalty by the Federal Court for unlawfully issuing a credit facility to more than 1100 customers. The fine follows legal action by the corporate regulator ASIC against Bit Trade Pty Ltd, launched in September last year, over its ‘margin extension’… Read more »
David Fairfull, the bankrupt founder and former CEO of marketing startup Metigy, appeared in Sydney’s Downing Centre Local Court on Friday to face six charges following an ASIC investigation into the failure of the company. Fairfull was charged with five counts making false and misleading statements contrary to the Corporations Act, plus one count of… Read more »
The former CEO of the company behind defunct Queensland digital asset exchange Mine Digital has been charged with criminal fraud in the wake of an investigation by corporate regulator the Australian Securities and Investment Commission (ASIC). Grant Colthup, who was CEO of ACCE Australia Pty Ltd, appeared in Ipswich Magistrates Court on Monday charged with… Read more »
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