Latitude

Restructuring · Oceania

CPA Australia submitted proposal to Treasury for creation of dedicated Whistleblower Protection Office to improve support for corporate and tax misconduct reporting. Current system has multiple regimes, inconsistent eligibility, and complex reporting pathways that discourage disclosures.

Restructuring · Oceania

AFCA recorded 119,949 complaints in FY 2025-26 (highest on record), with investment/advice sector up 56% and superannuation up 42%. Reflects systemic issues in financial services complaint handling and resolution processes.

Restructuring · Oceania

Australia's second-largest private hospital operator, which financially collapsed over a year ago, is holding critical meetings with landlords this week to determine its future and head off a private equity break-up threat.

Restructuring · Oceania

monday.com announced a restructuring plan in July 2026 cutting approximately 20% of workforce (US$45–55M in net charges) while refocusing on AI Work Platform. Company maintained 2026 revenue growth guidance of 19–20% and indicated continued hiring in key strategic areas.

Restructuring · Oceania

Endeavour Group is offloading its Australian wine assets, signaling a portfolio rationalization and strategic refocus of its business operations.

Restructuring · Oceania

Anytime Fitness is conducting an internal probe into contract misconduct incidents, including false signatures on customer contracts and instances where customers were asked to sign largely blank contracts. The gym chain has apologised for the incidents.