The first part of the reforms to consumer law via the Australian Consumer Law Bill 2009 received Royal Assent and commenced on 15 April 2010, amending the Trade Practices Act 1974 and Australian Securities and Investments Commission Act 2001.
The change has been to introduce civil penalties as opposed to criminal penalties of up to $1.1 million [...]

 
ONE-TEL founder Jodee Rich and the company’s former finance director Mark Silbermann have been awarded costs in a landmark win over the corporate regulator.
 
Read more in theNewLawyer and reproduced with permission.

ASIC media release 20/11/2009:
Mr McCoy was convicted in May 2009 (refer 09-89AD) on five counts of forging cheques following an ASIC investigation into the collapse of Blueprint Developments (Aust) Pty Ltd.
Mr McCoy is now required to serve the remaining period of his sentence and will be due for parole on 18 August 2010.
 
Brisbane Barrister – [...]