Fitness First penalised for short-changing customers via surcharges

Fitness First penalised for short-changing customers via surcharges

Fitness First has paid a penalty of $12,600 after the Australian Competition and Consumer Commission (ACCC) found that the gym chain was excessively surcharging its customers on card payments. The ACCC issued an infringement notice against Fitness First after it investigated concerns against the company's flat fee surcharge on members...

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Former Sirtex CEO charged with insider trading as class action looms

Former Sirtex CEO charged with insider trading as class action looms

Within days of biotech company Sirtex Medical Limited delisting from the ASX following its takeover from China's CDH Investments for $1.9 billion, former CEO Gilman Edwin Wong has been charged with insider trading. The Australian Securities and Investments Commission (ASIC) alleges Wong, who was also a director of the radioa...

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Blackbird Ventures: Unlocking "unprofitable beasts" and why they need more patient capital

Blackbird Ventures: Unlocking "unprofitable beasts" and why they need more patient capital

Companies are staying private for longer than ever before with abundant capital on offer, but the flipside is that sizeable global funds are entering the Australian market earlier to make their mark on the startup community. Meanwhile, local public equity funds are often unable to do the same due to mandates that don't allow investmen...

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ASIC review finds "unacceptable" delays by big banks in reporting breaches

ASIC review finds "unacceptable" delays by big banks in reporting breaches

ASIC is casting light once again on the poor behaviour of Australia's largest financial institutions. After several controversial issues were uncovered by the royal commission, ASIC has found further "unacceptable" delays by financial institutions in reporting, addressing and remediating significant breaches. In its late...

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Watch your tone! Training experts reveal how to leverage manners for success

Watch your tone! Training experts reveal how to leverage manners for success

As the saying goes, it's not what you say but how you say it. According to the founders of ISR Training, Jack Corbett and Ryan Tuckwood, this statement couldn't be more accurate to the world of business. If you haven't already heard of these entrepreneurs, Corbett and Tuckwood have made it their mission to create a new sta...

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