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AMP to pay $120M to settle superannuation class action
Class Actions 2025-09-15 10:41 am By Cat Fredenburgh

AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.

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Class action can’t send personalised opt out notices in IC Markets case
Class Actions 2025-09-02 11:31 pm By Christine Caulfield

IC Markets has prevailed in a fight with the applicant in a class action against the brokerage firm, which sought to personalise a notice to group members advising them of the case.

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Court blocks examinations over Ray White loans to failed developer
Real Estate 2025-09-01 11:05 pm By Cindy Cameronne

Ray White has secured a stay of examinations of its employees, as a creditor of FSM Development investigates claims the real estate agency’s loan agreement with the collapsed Sydney developer was uncommercial.

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IC Markets fights class action’s bid to access ‘highly private’ info for opt-out notices
Class Actions 2025-08-26 11:29 pm By Sam Matthews

IC Markets is fighting a class action’s bid for “highly private and confidential” information about possible group members to craft personalised opt-out notices, arguing the information would be safer in the hands of a third-party mailing house than a plaintiff firm given increasing cyberattack risks. 

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Plus500 says class action must arbitrate claims over CFDs
Class Actions 2025-08-20 11:35 pm By Cindy Cameronne

Online trader Plus500 is seeking to stay a class action on behalf of investors who lost money trading in highly leveraged financial products, telling a court the applicant signed an agreement forcing the dispute into arbitration. 

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NAB hit with $15.5M penalty for mishandling financial hardship requests
Financial Services 2025-08-13 11:42 pm By Christine Caulfield

National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.

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Judge wrong in case over insurer’s pre-existing condition term: ASIC
Insurance 2025-07-08 11:44 pm By Christine Caulfield

The corporate regulator has appealed a Federal Court decision that rejected part of its case against HCF Life Insurance over a pre-existing condition term in its policies that was found to be misleading but not unfair.

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GCO won’t cover law firm’s costs in Suncorp class action, court told
Class Actions 2025-06-30 11:47 pm By Andy Sidler

Maurice Blackburn’s costs in running a ‘junk’ insurance class action which settled for $34 million will not be fully covered under a 25 per cent group costs order, a court has heard. 

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NAB agrees to $15.5M penalty for ignoring hardship claims
Financial Services 2025-06-13 11:14 pm By Andy Sidler

NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code. 

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Failed NULIS class action can’t duck costs pending appeal
Class Actions 2025-06-05 11:27 pm By Sam Matthews

The lead applicant in a failed class action against ex-NAB super trustee NULIS Nominees has lost his bid to stay a costs order of some $12.5 million pending an appeal.

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