Tag: ASIC

BCR Advisory Bankruptcy
Finance

Barclays Penalized by Australian Regulator for Disclosure Lapses

BCR teamComments Off on Barclays Penalized by Australian Regulator for Disclosure Lapses

This article was sourced from Bloomberg. Article by Emily Cadman. Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas. Under the Australian regime, foreign firms which offer services to the wholesale market can obtain exemptions […]

Insolvency Law Change 2017
Insolvency

The Sub-Contractor Scam: ‘Certified Fraud’

BCR teamComments Off on The Sub-Contractor Scam: ‘Certified Fraud’

This article was sourced from Sourceable. Article by Anne Paten. If you walk around any construction site across the country, it’s immediately apparent that sub-contractors are the backbone of Australia’s building and construction industry. They enter into contracts, do the work and have a fundamental legal right to be paid. But in this industry, all small business […]