Corporate Responsibility
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Better auditing could lasso corporate cowboys
First 5000 | September 10, 2018Current corporate auditing procedures have failed to rein in bad behaviour and a new approach – and stronger penalties – are required to protect consumers.
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Tackling unfair contract terms
Rod Sims | September 1, 2018ACCC Chair Rod Sims has told the Council of Small Business Organisations Australia’s National Small Business Summit how the ACCC is tackling unfair contract terms and looks to strengthen codes of conduct.
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Gender diverse boards have greener policies
First 5000 | September 1, 2018Companies with a more balanced mix of men and women on their boards are better at protecting the environment and less likely to be sued for environmental law violations, according to new research from the University of Adelaide.
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Code for ethical treatment of clothing workers renewed
First 5000 | August 31, 2018Ethical Clothing Australia’s Homeworkers Code of Practice, which helps reduce the exploitation of textile, clothing and footwear workers in Australia, has been reauthorised by the ACCC for a further ten years.
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Illegal ‘phoenixing’ activities spelt out in draft legislation
First 5000 | August 26, 2018A proposed package of reforms to tackle illegal ‘phoenixing’ should reduce the number of business owners who close a firm to escape their creditors before opening up again under a different name.
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Just desserts? Fair work swoop catches non-compliant vendors
First 5000 | August 23, 2018The Fair Work Ombudsman’s audit of three popular food destinations has recovered $471,904 for 616 workers, after the FWO found that 72 per cent of the 243 businesses audited had breached workplace laws.
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Employers recognised for support of Defence reservists
First 5000 | August 21, 2018Five employers from across the Australian Capital Territory and South East New South Wales have been recognised for their support of Australian Defence Force Reservists at the Defence Reserves Support Council’s annual Employer Support Awards event.
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Half of all Australian homes affected by unsafe products
First 5000 | August 21, 2018Faulty products continue to cause serious injury and harm to thousands of Australians, with more than 4.5 million items recalled by suppliers in the 2017-18 financial year.
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Banks must rebuild consumer trust and pursue cooperation
First 5000 | August 17, 2018Australia’s banking sector faces an uncertain future after the Royal Commission highlighted a long list of scandals and misdeeds, a crisis compounded by diminishing customer trust and new competition.
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ACCC to increase enforcement efforts
First 5000 | August 4, 2018The ACCC will further increase its enforcement action, expand its work on data, algorithms and digital platforms, and increase the use of its powers to gather evidence in complex merger investigations over the next 12 months.
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IBAC reveals corruption threats to Victorian regulators
First 5000 | July 28, 2018Victoria’s anti-corruption agency, IBAC, has identified key corruption risks associated with activities undertaken by the state’s regulatory authorities in a new report.
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Scandal hit banks lose public confidence
First 5000 | July 26, 2018Public trust in Australia’s banks and financial advisers has fallen sharply after a raft of scandals and the damning evidence of misconduct presented to the recent Royal Commission.
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Five steps business can take to ensure aggressive performance targets don’t drive bad behaviour
Tim O'Shannassy | July 24, 2018The pressure to perform and hit targets can lead to people taking short cuts which cross ethical and legal red lines, with unfortunate consequences for the individual and the business if remedial action is not taken in time.
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Companies behaving badly?
First 5000 | July 15, 2018ACCC Chair Rod Sims shared his observations on the types of company behaviour that drive breaches of Australia’s competition and consumer laws in delivering the Giblin Lecture in Tasmania.
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Solving corporate governance needs more than deck chair rearranging
Andrew Linden | July 8, 2018Splitting company boards and allowing employees to elect board members are just the start of the reforms needed to fix corporate governance.