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Gina Rinehart’s daughter wins appeal over $4B family trust documents
Appeals 2022-05-11 1:19 pm By Cindy Cameronne

The NSW Court of Appeal has granted Bianca Rinehart’s bid for her billionaire mother Gina to hand over trust documents that could be used in […]

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‘High time’ to end uncertainty: Judge sets clock to run after class action abandoned
Class Actions 2022-04-27 11:52 am By Christine Caulfield

A judge has ruled that the discontinuance of a class action doesn’t lift the suspension of the limitations period on group member claims, and a […]

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Judge signs off on $1.5M penalty against Westpac for unsolicited insurance
Financial Services 2022-04-07 6:03 pm By Cat Fredenburgh

A judge has hit Westpac with a $1.5 million penalty for misleading 141 customers into believing they had purchased add-on insurance. During a hearing earlier […]

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IAG investigates underwriter accused of issuing unauthorised Greensill policy
Insurance 2022-04-07 9:53 pm By Miklos Bolza

Insurance Australia Group is investigating the underwriter behind an allegedly unauthorised trade credit policy issued to Greensill Capital, according to a defence by the insurer […]

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Westpac agrees to pay $1.5M to settle ASIC case over unsolicited insurance
Financial Services 2022-04-04 1:51 pm By Cat Fredenburgh

Westpac has agreed to pay $1.5 million to settle proceedings brought by ASIC for misleading 141 customers into believing they had purchased add-on insurance. Counsel […]

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MLC admits to contraventions in $17.5M ASIC suit
Financial Services 2022-03-24 10:49 pm By Cindy Cameronne

Insurer MLC Limited has admitted to violating the Corporations Act by failing to send overdue notices to policyholders over a 15-year period, but will defend […]

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Judge shoots down damages questions for initial trial in NAB super class action
Class Actions 2022-03-16 2:18 pm By Miklos Bolza

A judge hearing a superannuation class action against NAB unit NULIS Nominees will not determine the correct approach for calculating damages at an initial trial […]

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ASIC drops most claims against Rio Tinto over $5.8B acquisition
Securities 2022-02-28 1:31 pm By Miklos Bolza

The Australian Securities and Investments Commission has dropped all but one claim against Rio Tinto in a four-year-long case over disclosures related to its troubled […]

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Class action against Suncorp unit wants opt out notice delayed till eve of trial
Insurance 2022-02-18 1:55 pm By Christine Caulfield

The law firm behind a consumer class action against Suncorp subsidiary AAI over add-on car insurance says notices to group members should not be sent […]

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Aware Finance cops $20M penalty in ASIC fees for no service action
Financial Services 2022-02-17 9:04 pm By Sam Matthews

Aware Finance, formerly StatePlus, has been fined $20 million for charging over 25,000 customers approximately $50 million for services they did not receive.  In a […]

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