Kelsian Group Ltd
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CommSec fined $20m, Kelsian acquires Horizons West and Westpac signs NRL sponsorship deal
Australia’s largest stockbroker CommSec, owned by Commonwealth Bank (ASX: CBA), has been handed a $20 million fine from the Federal Court after its was found it had breached market integrity rules, including over-charged customers in brokerage fees on almost 121,000 occasions. The overcharge in brokerage fees alone were found to amount to $4.3 million. Commonwealth […]
Rio Tinto pays historic tax settlement, Kelsian walks from deal with Go-Ahead and BHP accelerates potash project
Mining giant Rio Tinto (ASX: RIO) has agreed to hand over almost $1 billion in unpaid taxes in what is deemed to be one of the largest tax settlements in Australian history. Rio Tinto will pay the Australian Tax Office (ATO) an additional $613 million to settle disputes over its financing arrangements and marketing hubs […]
Coles pledges $10m to preserving Great Barrier Reef, Appen deal with Telus falls through and Boral confirms job cuts
Coles (ASX: COL) has pledged $10 million towards the development of blue carbon projects at the Great Barrier Reef off Queensland in an effort to preserve the reef and appeal to ethically minded consumers. The significant investment from the retail giant towards an iconic Australian landmark incorporates investing $10 million over the next decade, capturing […]