Property firm hit for false super claims

The director of Consumer Affairs Victoria has accepted an enforceable undertaking from a property investment company that made false claims related to investing in a superannuation fund. Earlier this month, Consumer Affairs announced that it had accepted an enforceable undertaking from Melbourne-based Accrue Property. Consumer Affairs found that Accrue made several false or misleading statements…

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SMSF penalties could raise millions

The ATO’s new penalty powers will potentially rake in millions of dollars from the SMSF sector, according to Townsends Business & Corporate Lawyers. In a statement released last week, Townsends said an expected minimum of $150 million in fines will be collected from the SMSF sector following the new penalty powers coming into effect on…

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HR MANAGER PENALISED FOR THE EMPLOYER’S BREACHES

In a recent decision by the Federal Magistrates Court, a Human Resources Manager of a company was ordered to pay a penalty for being knowingly involved in breaches of workplace laws by his employer. In the case of Fair Work Ombudsman v Centennial Financial Services Pty Ltd & Ors a company was found to have…

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