ASIC

More businesses than ever are struggling to stay afloat across Australia, with only some light relief predicted in the new year.

‘After much consideration, we have made the difficult decision to close all MOS Burger locations in Australia,’ MOS Burger said in a social media post.

A leading retail expert says the ongoing story of struggling Australian business is a sign the economy is not doing well.

Australians are particularly susceptible to online scams, despite having a full swathe of internet safety regulators.

Despite being required by law to have processes to assist customer who are in debt, banks have made the process so complex that a third of people give up.

‘ASIC’s move is a throwback to the stolen generation,’ Urban Rampage said in response to the ASIC ban.

The company took money from Centrelink for 16 years; now that it has collapsed, the federal government will spend almost $100 million on compensation.

ASIC chair Joe Longo said greenwashing remains a ’serious threat.’

ANZ failed to disclose to the public that its underwriters purchased about one-third of its $2.5 billion institutional share placement in 2015.