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ASIC puts banks on notice after review shows ‘extremely poor value’ of credit insurance
Financial Services July 11, 2019 6:47 pm By Amelia Birnie

The corporate watchdog has warned “robust” enforcement action is on the cards for banks and lenders, after a review found consumer credit insurance policies to […]

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Couple sues Samsung after home destroyed by exploding washing machine
Product Liability July 10, 2019 5:57 pm By Amelia Birnie

A Queensland couple has filed a product liability claim against Samsung seeking almost half a million dollars in damages, after their washing machine allegedly exploded […]

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Woolworths accepts FWC recommendation in dispute over new store structure
Employment July 4, 2019 6:14 pm By Amelia Birnie

Australian supermarket giant Woolworths has accepted a number of recommendations made by the Fair Work Commission, after two unions challenged a recent restructure that required staff […]

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APRA had ‘unhinged hatred’ of IOOF exec, court told
Financial Services July 3, 2019 7:49 pm By Amelia Birnie

APRA has been accused of harbouring an “unhinged hatred” for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA […]

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IOOF liability ‘plain as a pike staff’, APRA says at start of trial
Financial Services July 1, 2019 10:47 pm By Amelia Birnie

The prudential regulator has opened the first day of its case against IOOF directors and entities by claiming the wealth manager’s liability is “plain as […]

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Law firms should air their gender pay gap ‘dirty laundry’, Herbert Smith Freehills boss says
Business of Law June 21, 2019 8:51 pm By Amelia Birnie

One of the top Australian executives of Herbert Smith Freehills has advocated for a UK-style quartile pay transparency system Down Under, calling on law firms […]

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Mystery woman emerges as potential source of ‘industrial espionage’ against Motorola
Intellectual Property June 19, 2019 9:05 pm By Amelia Birnie

The potential source of alleged “industrial espionage” in Motorola’s case against Hytera over the intellectual property for its digital radio mobile devices has been revealed […]

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Former MFS boss gets 10% off penalty for $147.5M misappropriation
Appeals June 18, 2019 8:55 pm By Amelia Birnie

A court has trimmed 10% off a $300,000 penalty against the former CEO of failed Gold Coast finance company MFS Group, after he successfully argued […]

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Government to fund examination of JM Kelly’s web of inter-company loans
Restructuring & Insolvency June 17, 2019 5:25 pm By Amelia Birnie

The Commonwealth has agreed to fund a public examination into the affairs of collapsed Queensland-based construction group JM Kelly, after liquidators uncovered a complicated web […]

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Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
White Collar July 2, 2019 9:03 pm By Amelia Birnie

A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought […]

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