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Scourge of wage fraud demands action – 22 February 2020
Australia wage fraud crisis is now at ‘epidemic proportions’ per the Senate enquiry into the unlawful underpayment of wages. Well-known brands such as Woolworths, Coles and Target have been underpaying workers in wages and super. According to a submission by Industry Super Australia, the quantum of unpaid super is growing.
https://www.smh.com.au/business/workplace/scourge-of-wage-fraud-demands-action-20200220-p542wc.html
Bid to contain coronavirus COVID-19 sees Chinese tech giants deploy tracking maps – 22 February 2020
China is using “big data, artificial intelligence, 5G technology, cloud computing and other technical services to help prevent and control the COVID-19 epidemic. Human rights experts claim however, there is a lack of transparency and the Chinese government had credibility issues when it came to handling such data..
Devastated’: Melbourne pensioners could lose home after $280,000 ‘fraud’ by Westpac introducer – 22 February 2020
A couple who are both illiterate, allege that the loan application filled out on their behalf by a third-party “introducer” was fraudulent and Westpac failed to double check the information. Now the couple owe $280,000 and Westpac plan to foreclose on their home.
ASIC turns up the heat on enforcement – 27 February 2020
ASIC has revealed a 52% increase in enforcement investigations involving Australia’s largest financial institutions. With 316 investigations currently underway, ASIC said they related to directors’ and officers’ breaches, insider trading and market manipulation, auditor and liquidator breaches, and breaches of licensing obligations, including Australian financial services license obligations.
https://www.financialstandard.com.au/news/asic-turns-up-the-heat-on-enforcement-154973861
