After months of uncertainty having struggled with solvency and a $6 million fine from the ACCC, Australia’s largest online book retailer Booktopia (ASX: BKG) has been sold by administrators in a move that will manage the financially distressed company, but see shareholders returned nothing. The sale was finalised on Friday, 16 August by administrators from
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In the face of a mounting affordability crisis, childcare operators are being scrutinised for potentially exploiting government-mandated relief meant for struggling parents. However, regulatory changes could soon put an end to this. A parliamentary inquiry is set to delve into concerns about childcare centres hiking fees whenever subsidies increase. This move comes as Australian parents
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“Oooh is that a free spot?” “Are these people leaving or arriving?” These are the mutterings of many a shopper as they negotiate the parking situation at their local shopping centre lately, and it’s music to the ears of retailers. Despite COVID accelerating ecommerce and online shopping, people are still flocking to shopping centres to
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For anyone that has ever used an online comparison service run by iSelect (ASX: ISU), the abundance of disclaimers you have to click through and agree to when their call centre contacts you will make a lot more sense after they reached an $8.5m settlement for disclosure breaches dating back to 2016. The breaches related
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