Georgia Wilkins

Tax Office pushes for biggest corporations to audit themselves

Georgia Wilkins The Australian Tax Office is pushing ahead with a controversial plan to allow the country's biggest corporations to audit themselves through their own private auditors, despite mounting public anger...


We were not consulted on data retention law changes: ASIC


Georgia Wilkins The corporate regulator says it was not consulted about changes to data retention laws that will leave it without access to phone recordings vital for catching white-collar criminals.


Harvey Norman's Gerry Harvey slams multinationals' tax lobbyists

Garry Harvey.

Georgia Wilkins Billionaire retailer Gerry Harvey has accused Australia's powerful business lobby groups of failing to represent ordinary tax-paying businesses and instead pushing the interests of profit-shifting...


Apple's $80.3 million Australian tax bill revealed

Apple logo

Georgia Wilkins Apple paid just $80.3 million in Australian tax last year, despite making more than $6 billion in local revenue.


NAB customers given last chance to join class action on bank fees

NAB Bank

Georgia Wilkins NAB customers have until Tuesday to join a class action over overdrawn fees as the bank prepares to settle its part in a long-running bank fee case.


Victims of Commonwealth Bank financial planning scandal and consumer group Choice question scheme's independence and reach

CBA stocks plunged 7.4 per cent in September.

Georgia Wilkins Consumer group Choice and victims of the Commonwealth Bank financial planning scandal have expressed fresh concerns over the handling of a bank-run compensation scheme, saying many potential victims...

Start-ups look to hire new talent off back of tax change


Georgia Wilkins Australian start-ups say they will consider hiring more staff and will have greater ability to compete with the likes of United States tech giants Google and Apple after the government moved to...


Timbercorp investors forced to repay loans as Christmas respite ends


Georgia Wilkins Hundreds of investors in failed agribusiness scheme Timbercorp will be called on to repay their loans to creditors, including ANZ, as a four-week respite during Christmas ends.


ASIC let alleged $110 million fraudster flee country


Chris Vedelago, Georgia Wilkins The corporate regulator failed to stop a key figure in an alleged $110 million loan fraud from fleeing the country despite notifying the suspect he was under investigation and raiding his home.

Financial Advice

Suncorp firm under ASIC scrutiny over 'deficiencies' in insurance advice

The corporate watchdog has imposed new conditions on Guardian Advice, after an investigation uncovered

Georgia Wilkins The corporate regulator has slapped new licence conditions on Suncorp's life insurance advisory firm Guardian Advice, after it hired several advisers from failed firms.


Massive fraud link to major mortgage broker

Chris Vedelago, Georgia Wilkins, Chloe Booker The Melbourne man at the centre of an alleged $110 million mortgage fraud holds a senior position in one of the country's largest mortgage brokerage networks, raising concerns that the true...

Men charged in alleged $110m home loan fraud

ASIC released a statement saying two men had been charged.

Georgia Wilkins Two Melbourne men have been arrested for allegedly conspiring in a $110 million home loan fraud out of a financial services company in Footscray. 

Disgruntled CBA customers still waiting on compo scheme

Georgia Wilkins The Commonwealth Bank has been accused of deliberately delaying a compensation scheme for thousands of potential victims of its scandal-ridden financial planning arm to avoid hefty payouts.


Former judge rallies against shareholder rule changes

The Honorable Peter Graham QC warned against getting rid of the shareholder meeting rule.

Georgia Wilkins A retired Federal Court judge has urged the government not to abolish a rule that forces companies to hold extraordinary meetings at the request of shareholders, calling the move "destructive".


Move to stop multinationals artificially loading debt overseas to dodge tax


Georgia Wilkins and Nassim Khadem The OECD is urging governments to tackle interest payments made by multinationals to themselves as part of its global crackdown on profit shifting. 

Canada transparency laws force ASX companies to disclose tax bills

The legislation aims to tackle corruption and tax avoidance in poor countries, as well as payments to indigenous groups.

Georgia Wilkins Two Australian miners will be forced to disclose how much tax they pay in every country around the world by new transparency laws introduced in Canada. 

Bushfire insurers in line for $100 million Black Saturday payout

Georgia Wilkins Large insurance companies are set to reap about $100 million from the settlement of Victoria's Black Saturday bushfire disaster.


Coles fined $10 million for misconduct

The ACCC took Coles to court in October over claims it broke the law by engaging in unconscionable behaviour with five suppliers.

Georgia Wilkins Supermarket giant Coles has been ordered to pay $10 million in penalties for "serious, deliberate and repeated" misconduct towards suppliers that were in some cases in deep financial trouble.


Watchdog bites Commsec over using clients' money


Georgia Wilkins An independent expert will review the Commonwealth Bank's online broker, Commsec, as part of increased scrutiny over the brand's handling of client accounts.


ANZ distances itself from Timbercorp troubles but victims want bank's compassion

Angry: Protesters outside the Melbourne Town Hall during the Senate hearing into the collapse of Timbercorp.

Georgia Wilkins ANZ has attempted to distance itself from its involvement in the collapse of agribusiness scheme Timbercorp despite desperate pleas from investors that the bank is culpable and needs to show...