As corporate scandals unfold, are company boards doing enough to stamp out bad executive behaviour? – 27 October 2024
Australian billionaire Richard White and co-founder of logistics software company WiseTech Global this week announced he will step down from his role as chief executive following allegations of inappropriate behaviour. The allegations have reignited questions about the roles and responsibilities of company directors, and whether they provide enough scrutiny and scepticism of their CEOs.
MinRes expands probe into alleged tax dodge to address ‘inconsistencies’ – 29 October 2024
Mineral Resources says an independent investigation into an alleged tax dodge by its billionaire founder and managing director, has been broadened to examine new information against Chris Ellison that contradicts the company’s understanding of the facts. The board of the West Australian iron ore and lithium miner said it was working to resolve these “inconsistencies” via an external investigation.
Canberra unveils major $14.7m scam compensation pathway – 29 October 2024
The government will direct $14.7 million in funding to the Australian Financial Complaints Authority to establish a “single door” for scam victims to hold social media platforms, banks and telcos liable. The pathway would be available to all victims who have exhausted internal dispute resolution channels, even if the complaint was against multiple regulated industries. Assistant Treasurer Stephen Jones hailed the funding as “a major uplift in consumer protections for scam activity.
Does tracking employees make them more productive – 28 October 2024
Companies have powerful new tools to track employees and monitor their productivity in detail, raising obvious concerns. RMIT University senior lecturer Melissa Wheeler questions whether technologies used to track employees actually work.
Grubby Mildura granny unmasked in $200k taxpayer scam – 29 October 2024
A Mildura mother-of-two faces jail after admitting to defrauding taxpayers and attempting to obtain an additional $400,000, with the money funding luxury purchases and her gambling habit.
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Crown pays over $500,000 following regulator’s investigation into long service leave underpayment – 29 October 2024
Over $500,000 has been paid to Victorian workers, and Crown Melbourne and Crown Resorts (Crown) have received formal warnings, after a Wage Inspectorate Victoria investigation uncovered hundreds of staff were underpaid their long service leave entitlements.
Corruption chief ‘engaged in misconduct’ on stopping robo-debt probe – 30 October 2024
National Anti-Corruption Commissioner Justice Paul Brereton has been found to have engaged in misconduct, when he involved himself in proceedings that rejected further investigation into the senior public servant in the robo-debt scandal, who was an army reserve colleague. The embarrassing finding came after the NACC’s independent inspector Gail Furness found Mr Brereton should have excluded himself completely from the decision not to investigate referrals from the robo-debt royal commission.
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Massive data breach exposes 800,000 insurance customers’ personal information – 30 October 2024
The insurance administrative services company Landmark Admin, has warned that a data breach from a May cyberattack impacted over 800,000 individuals due to their partnership with some of the largest insurance carriers in the U.S. Through these partnerships, millions of policyholders and their sensitive information, such as names, Social Security numbers, driver’s license numbers and passport numbers, could be at risk of exposure, further amplifying the potential impact of this breach.
Three people sentenced over roles in $5.8m fraud against NDIS and ATO, ordered to pay back over $575k – 31 October 2024
Three people have been sentenced to multiple years imprisonment for their roles in a scheme that defrauded $5.8 million from the NDIS and ATO. The trio were among six people arrested in 2021 over a suspected syndicate making false claims to both the NDIS and ATO. The trio have been sentenced to multiple years imprisonment, and have been ordered to repay the Commonwealth more than $575,700.
https://www.abc.net.au/news/2024-10-31/three-people-sentence-fraud-ndis-ato/104546856
