Latest Financial Penalties News

Fiducian Group's subsidiary Fiducian Investment Management Services Limited has settled ASIC civil proceedings with a $7.3 million penalty plus $650,000 in costs, approved by the NSW Supreme Court.

The ACCC has initiated Federal Court proceedings against Dusk Group's subsidiary, alleging supply of button battery products without completed safety testing and breaches of prior undertakings.

Mastermyne delivered FY26 revenue of $237.7 million and underlying EBITDA of $20.3 million, beating its own guidance amid robust strata consolidation activity. The company’s order book and near-term pipeline have expanded, while net cash rose to $46.5 million despite a pending legal penalty.

SkyCity Entertainment Group and its Adelaide arm have struck a non-binding deal with South Australian regulators to settle long-running compliance issues, including a A$21 million fine and major governance changes at the Adelaide Casino.

ANZ Bank New Zealand has lodged an appeal against a High Court summary judgment in a class action related to consumer credit laws, prolonging legal uncertainty for the lender.

Mastermyne Group is poised to hit the top end of its FY26 revenue and EBITDA guidance, bolstered by robust second-half activity and new Anglo American agreements. Despite supply chain hiccups and a financial penalty under appeal, the underground mining services provider maintains a healthy order book and pipeline.

Electro Optic Systems Holdings Limited (ASX: EOS) has concluded its civil penalty proceedings with ASIC, agreeing to a $4 million penalty and costs. This resolution marks a significant step in addressing legacy issues and refocusing on strategic growth.

Fiducian Investment Management Services Limited has reached a heads of agreement with ASIC to resolve civil proceedings over misleading disclosures in its Diversified Social Aspirations Fund. The settlement includes a $7.3 million penalty and legal costs, pending court approval.

Mesoblast has refinanced its senior debt with a new US$125 million, five-year credit facility that lowers borrowing costs and preserves key assets, positioning the company for strategic growth.

DGL Group Limited has secured an extension of its syndicated debt facility to March 2027 and received a waiver protecting it from default amid its ASX suspension. The company anticipates its securities will be reinstated on the ASX by early 2026 following a half-year audit.

Fiducian Group’s subsidiary Fiducian Investment Management Services Limited has filed a defence after ASIC initiated civil proceedings alleging misleading disclosure and compliance failures related to a managed fund.

Australian Ethical Investment Limited (AEF) has responded to ASX inquiries about additional licence conditions imposed on its subsidiary, Australian Ethical Superannuation Pty Ltd (AES), asserting these do not materially affect its securities value despite a notable share price drop.