ASIC
Regulator hits CWH-linked entity with $198k fine
ASIC penalises Chemist Warehouse operator for allegedly failing to lodge audited financial reports on time for FY 2025Â Â Pharmacy ownership group, East Yarra Friendly Society Pty Ltd, has paid an …
Interest in StrongRoom AI revealed
Administrators handling StrongRoom AI attracted several final offers for the fallen pharmatech, with a report to creditors recommending liquidation and suggesting the company may have been trading while insolvent The …
Small businesses bear the brunt of cybercrime: ASIC
Cybercrime is costing small businesses an average of $46,000 a year the Australian Securities and Investments Commission (ASIC) warns Pharmacies and other small businesses are being urged to be increasingly …
Pharmacy wholesaler’s $4.4m ‘phoenixing’ fail
Four year ban on managing companies after bankruptcies left creditors and ATO multi-millions out-of-pocket  A pharmacy wholesaler director who engaged in illegal so-called phoenixing activity has been disqualified from …
Former Sigma CEO sentenced
Former managing director and CEO of Sigma Pharmaceuticals, Elmo De Alwis, along with former CFO Mark Smith, have been sentenced for falsifying Sigma’s books and misleading directors. De Alwis and …