BusinessQuiet 88d · day 88
Australian competition watchdog raids WiseTech in third investigation
The software company and founder face renewed regulatory scrutiny as shares fall sharply.
What to know
- The ACCC raided WiseTech Global on 2026-08-19, marking the third separate investigation by a regulator or police force into the company or its founder.
- The raid announcement caused WiseTech's share price to fall sharply.
- The company faces multiple simultaneous investigations by different authorities.
“It's now the third regulator or police force to investigate the embattled software company or its billionaire founder.”
David Swan, SMH.com.au journalist · Sydney Morning Herald · Aug 18
WiseTech Global Software company under investigationAustralian Competition and Consumer Commission Competition regulator
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