Nassim Khadem is an award-winning multimedia journalist. She reports on business news across online, radio and TV for ABC News. Her recent reporting has also focused on international affairs, including Iran's protest movement. Nassim began working as a journalist with The Age in 2003, including as that newspaper's economics correspondent. Before joining the ABC, she worked in various business reporting/editing roles for Fairfax Media's BRW magazine, The Australian Financial Review and as deputy business editor for The Age and The Sydney Morning Herald. She has also reported on local, state and federal politics, and covered a variety of rounds outside of business including indigenous affairs, environment and world news. You can follow Nassim on Twitter: @NassimKhadem
First Guardian investor Melinda Kee is one of thousands of investors who have received the devastating news that they may not be able to recover the millions of dollars they invested in the scheme that later collapsed.
Australia's financial intelligence agency, AUSTRAC, had sought a much steeper fine that could have forced the casino company into financial collapse.
The Aussie share market closes higher following gains on Wall Street and Anthropic, the AI giant behind Claude, files plans to float on the share market.
The federal government extends its ban on KPMG bidding for new government work until at least the end of February, following allegations its audit partners misused client data then mishandled a whistleblower's complaint.
Topic: Accounting and Auditing Services
Australian shares closed the week higher after investors, who are cautious about AI, heard from US Federal Reserve chairman Kevin Warsh. He told an IMF meeting in Bangkok that AI was a huge benefit to the US economy, although the pathway to job creation and wealth would be "very bumpy".
An estimated 39,300 fewer Australians were in work last month, while the number of unemployed people increased by 8,900.
Perpetrators of financial abuse who use the tax and social security systems to create debts as a form of coercive control could soon be held liable.
There were high hopes for the Firmus float, but it sunk amid concerns about debt and ambitious expansion plans.
Firmus searches for private funding as it withdraws its application to list on the ASX just a day after closing its books to investors.
Five weeks into the spring season, property data firm Cotality said the combined capital clearance rate of 45 per cent was at its lowest level since July.
Australian house prices fell for a sixth straight month in September.
Almost 30 per cent of large companies paid no tax in 2024–25, an Australian Taxation Office report reveals, resulting in the corporate tax amount payable dropping by $8.2 billion from the previous year.
Australian house prices have fallen for a sixth straight month, and the property market is likely to continue experiencing drops of up to 15 per cent in the coming months, experts say.
The RBA delivers its fourth rate hike for 2026, bringing interest rates to the highest level since November 2011.
Financial and economic abuse is estimated to cost the economy almost 11 billion dollars a year - affecting more than 2.4 million Australians and now the Federal Government is cracking down on perpetrators.
Perpetrators of domestic violence would be punished rather than rewarded for their actions when committing abuse against their former partners through the tax and super systems.
Corporate regulator ASIC tells a parliamentary inquiry major accounting firms KPMG, PwC, EY and Deloitte have revealed 551 complaints in three years about alleged audit misconduct.
Topic: Accounting and Auditing Services
Without whistleblowers, Australians would be kept in the dark about major corporate scandals, but evidence suggests the experience of raising alarm bells can destroy their lives.
A KPMG whistleblower says the watchdog has to be "dragged kicking and screaming" to investigate alleged misconduct disclosures at the firm.
Documents allege a former KPMG partner treated "female members of staff and clients inappropriately" while he was at the firm.
Former tax commissioner Chris Jordan is accused of receiving more than $1 million in "secret commissions" during his time at KPMG in the 1990s, according to documents seen by the ABC.
Accounting firm KPMG says it will cut 27 partners and about 360 staff from its Australian arm, as well as revamp its structure, as it grapples with lower revenue from lost contracts following the audit leaks scandal.
Topic: Accounting and Auditing Services
There are divergent views among business leaders, from migrant and non-migrant backgrounds, about the impact of planned immigration cuts and the types of migrants that should be allowed into Australia.
Unlicensed telemarketers who cold call and make unsolicited approaches to consumers to convince them to switch their super will be banned under long-awaited reforms.
In the wake of the KPMG audit leak scandal, executives from Macquarie, Westpac, Optus and Dexus cast doubt on their faith in the auditor. KPMG current and former executives have also been quizzed about a whistleblower's revelations that the firm used confidential client data to win corporate contracts.
Topic: Accounting and Auditing Services
