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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Abacus sells Novotel Twin Waters for $88.5m

Abacus sells Novotel Twin Waters for $88.5m

Abacus Property Group (ASX: ABP) is on the cusp of winding down its hospitality fund altogether with the $88.5 million sale of Novotel Twin Waters on the Sunshine Coast, Queensland to Melbourne-based Shakespeare Property Group. The sale represents the final divestment for Sydney-based ABP's Abacus Hospitality Fund (AHF), which al...

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Huxley School of Makeup lays foundation for success with "first of its kind" TAFE deal

Huxley School of Makeup lays foundation for success with "first of its kind" TAFE deal

After the milestone of managing makeup for 7,000 people at the Commonwealth Games this year, Gold Coast entrepreneur Michael Huxley is stepping up to the podium with confidence after a big win with TAFE Queensland. He says the Huxley School of Makeup is now "future proofing" the business through an official partnership with Tafe...

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Asian private equity firm set to acquire Scottish Pacific Group for $630 million

Asian private equity firm set to acquire Scottish Pacific Group for $630 million

Affinity Equity Partners, a large Asian private equity firm, is set to acquire Scottish Pacific Group (ASX: SCO) for $630 million. The deal, to be approved by shareholders, will see Affinity purchase 100 per cent of SCO's shares for $4.40 per share representing a premium of 17.6 per cent. Established in 2004, Affinity is one of th...

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