CBA cops record A$10m fine for wages theft
Commonwealth Bank is the first major Australian corporate to face judgment for the offence, but cases loom for Coles and Woolworths.
CBA executives were warned about the underpayments but did not act.
A judge has blasted Australia’s biggest bank the Commonwealth Bank of Australia over more than five years of systemic wages theft and has imposed a A$10.3 million penalty, the largest amount yet in Australia for the offence.
CBA, which reported an interim profit of A$5 billion this week and is
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