ASX loses bid to force Digital Assets CEO to Australia for ASIC trial – 5 June 2026
The Federal Court rejected ASX’s request to compel Digital Asset Holdings CEO Yuval Rooz to appear in person for ASIC’s case regarding the failed blockchain-based CHESS replacement project. ASIC alleges ASX misled the market about the progress of the blockchain upgrade before it was ultimately abandoned. The case remains one of Australia’s most significant disputes involving blockchain technology and market disclosure obligations.
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Fake police scam targets Chinese diaspora with threats and forged documents – 6 June 2026
ABC News reported on a sophisticated scam targeting members of Australia’s Chinese community. Victims are contacted by criminals impersonating Chinese police and government officials, accused of serious crimes such as money laundering, and pressured into transferring funds to prove their innocence. The ACCC reported more than $12 million in losses from these “authority scams” during 2025, making them among the highest-loss scams affecting multicultural communities in Australia.
Accountant Steven Bendel wins landmark case against the ATO – 10 June 2026
Accountant Steven Bendel has won a landmark High Court case against the ATO, with the court ruling that unpaid trust distributions owed to a company beneficiary are not automatically considered “loans” under Division 7A tax rules. The decision overturns the ATO’s long-standing interpretation, potentially benefiting many family trusts and small businesses by reducing the risk of additional tax assessments and allowing some taxpayers to challenge past decisions.
Super funds still failing grieving members on death benefits: ASIC – 10 June 2026
ASIC has warned that many superannuation funds continue to mishandle death benefit claims despite previous enforcement action. The regulator found ongoing delays, poor monitoring and inadequate processes, leaving grieving families waiting longer than necessary for payments. ASIC has indicated that further enforcement action may follow if trustees fail to improve outcomes.
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AI deepfake scam uses Angus Taylor and Jacqui Lambie in fake investment ads – 10 June 2026
Scammers used AI-generated videos depicting politicians Angus Taylor and Jacqui Lambie in fabricated confrontations to promote a fraudulent AI trading platform. The videos directed users to a fake news website designed to resemble ABC News. The scam highlights the growing use of deepfake technology to lend credibility to investment fraud and harvest personal information from victims
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KPMG loses contracts and leaders amid scandal over alleged confidential leaks. Here’s what you need to know – 10 June 2026
KPMG Australia is facing a major misconduct scandal after whistleblower allegations claimed senior partners improperly used confidential client information to help secure business contracts. The controversy has already led to the resignation of KPMG Australia’s CEO, Andrew Yates, and its national audit head, Julian McPherson. Clients including Lendlease have terminated contracts, while the Australian Securities and Investments Commission (ASIC) has launched a formal investigation and a parliamentary inquiry is underway.
CFMEU pressured building and construction commission to ‘take action’ against certain contractors, inquiry hears – 10 June 2026
A Queensland inquiry into the CFMEU has heard allegations that former union officials pressured the Queensland Building and Construction Commission (QBCC) to target specific contractors. Former QBCC licensing manager Graham Easterby told the inquiry that complaints from the union were escalated through ministers and senior officials, raising concerns about political interference and the independence of the building regulator
JB Hi-Fi to refund customers more than $250,000 over allegedly misleading sales – 11 June 2026
JB Hi-Fi will refund more than $250,000 to 206 customers after the ACCC found it had allegedly used misleading “was/now” pricing on 17 products, including laptops, a VR headset and gaming monitors. The watchdog said some advertised discounts were not genuine because the products had either never been sold at the higher price or had only been sold at that price briefly. JB Hi-Fi blamed the issue on system and human errors, has contacted affected customers, and will not face further enforcement action after cooperating with the investigation and providing refunds
Firefighters union and secretary trying to block IBAC’s Operation Richmond report – 12 June 2026
The United Firefighters Union (UFU) and its secretary, Peter Marshall, have been revealed as the parties behind a legal bid to stop the release of IBAC’s Operation Richmond report, which investigated dealings between the union and the former Andrews government during the 2016 fire services dispute. Victoria’s Court of Appeal ruled they could not remain anonymous, although the anti-corruption report itself remains blocked from publication while the legal challenge continues.
Childcare paedophile Ashley Paul Griffith loses appeal to reduce sentence – 12 June 2026
Former childcare worker Ashley Paul Griffith has lost his appeal to reduce the 27-year non-parole period attached to his life sentence for sexually abusing 69 children over almost two decades. The Queensland Court of Appeal ruled that the sentence appropriately reflected the extraordinary seriousness of his offending and the devastating harm caused to victims, their families and the wider community, meaning Griffith remains eligible to apply for parole in 2049.
https://www.abc.net.au/news/2026-06-12/qld-ashley-paul-griffith-loses-appeal/106789618
