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ASIC to challenge ‘uncertainty’ of Westpac responsible lending decision
Appeals 2019-09-10 9:07 pm By Amelia Birnie

The Australian Securities and Investments Commission has filed an appeal against the Federal Court’s responsible lending ruling in favour of Westpac, arguing the decision had […]

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‘A degree of chaos’: Judge questions IAG common fund as High Court decision looms
Insurance 2019-08-16 8:48 pm By Miklos Bolza

A judge has questioned a bid for a common fund order in a class action against two IAG entities over allegedly worthless add-on insurance, saying […]

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Westpac defeats ASIC home loan case
Breaking News 2019-08-13 11:43 am By Amelia Birnie

Westpac has defeated a responsible lending case brought by the Australian Securities and Investments Commission in relation to almost 262,000 home loans, with the Federal […]

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Incentive-based funding commission dropped in IAG insurance class action
Class Actions 2019-06-28 12:48 pm By Amelia Birnie

The funder backing the IAG add-on insurance class action has agreed to a fixed 25 per cent commission, after the plaintiff copped criticism from a […]

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Judge questions Piper Alderman’s $3.5M legal bill in KPMG class action
Class Actions 2019-05-28 1:59 pm By Amelia Birnie

A judge has questioned whether he should approve the $3.5 million legal bill in the settled Discovery Metals shareholder class action against KPMG, amid concerns […]

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Court approves confidential KPMG class action settlement over objections
Class Actions 2019-05-27 9:32 pm By Amelia Birnie

A judge has signed off on the confidential settlement of a shareholder class action brought against KPMG relating to the failed $830 million hostile takeover […]

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Judge questions redacted funder’s commission in IAG class action
Class Actions 2019-05-24 1:46 pm By Miklos Bolza

A judge has raised questions about a redacted funding agreement in a class action against two IAG units over allegedly worthless add-on insurance products, saying […]

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Westpac slams ASIC for ’19th century approach’ to home loans
Financial Services 2019-05-06 8:35 pm By Miklos Bolza

Banking giant Westpac has criticised the Australian Securities and Investments Commission’s old fashioned approach to home loan serviceability, saying its own complex system is more […]

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Woolworths class action homes in on supermarket giant’s price perception problem
Class Actions 2019-05-03 9:06 pm By Christine Caulfield

Woolworths’ knowledge of its poor performance on price perception among shoppers in 2014 is at the centre of a $100 million shareholder class action against […]

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ASIC to face off against Westpac after judge ripped up $35M settlement deal
Financial Services 2019-05-02 9:22 pm By Cat Fredenburgh

The Australian Securities and Investments Commission will gets a chance on Monday to prove its claims that Westpac breached responsible lending laws by providing unsuitable […]

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