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Westpac agrees to $20M penalty in ASIC case against RAMS
ASIC 2025-10-21 11:56 pm By Julia Kanapathippillai

A judge has raised concerns about whether an agreed-to $20 million penalty against Westpac’s defunct home loan subsidiary RAMS is enough to deter other lenders from breaking credit rules.

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In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
Courts 2025-09-30 11:49 pm By Christine Caulfield

A judge did not need to recuse himself from deciding the penalty in ASIC’s case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.

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Paladin director disqualified in ASIC case over ‘entirely fanciful’ $1B valuation
Financial Services 2025-09-23 11:22 pm By Sam Matthews

ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.

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‘They will have their day in court’: Class action can’t intervene in ASIC suit against RAMS
Class Actions 2025-09-05 10:59 pm By Cat Fredenburgh

The applicant in a class action by former RAMS franchisees can’t intervene in proceedings by ASIC against the defunct Westpac mortgage unit, with a judge finding the outcome of the ASIC case will not affect the class action.

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Sunshine Loans’ case over judge’s recusal to be heard by High Court
Appeals 2025-08-08 11:33 pm By Christine Caulfield

The High Court will hear an appeal by Sunshine Loans, which centres on a judge’s recusal in the corporate regulator’s case over unauthorised fees.

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Class action seeks to intervene in ASIC’s suit against RAMS
Class Actions 2025-06-30 11:13 pm By Julia Kanapathippillai

Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.

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