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Optus agrees to $13.5M penalty for misleading NBN customers
Competition & Consumer Protection 2022-11-10 1:39 pm By Sam Matthews

Optus has agreed to pay a $13.5 million penalty for misleading thousands of NBN customers into paying for internet plan speeds that could not be achieved, the telco’s third penalty in four years over misleading representations made in relation to its NBN services.

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Law firm’s advice to be handed to ex-Quintis director in defamation case
Agriculture 2022-11-10 10:21 pm By Christine Caulfield

A former director of sandalwood producer Quintis, who is suing the company’s top brass over statements made to the corporate regulator, has won unrestricted access to legal advice the executives sought to keep a lid on.

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Estate of iconic restaurateur Giovanna Toppi loses battle with landlord over $1.1M loan
Estates 2022-11-10 4:06 pm By Cindy Cameronne

A judge has ordered the estate of Giovanna Toppi to pay money owing to a landlord under a $1.1 million loan after refusing to find the iconic Sydney restaurateur was the victim of wrongdoing by her daughter, Paola.

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Nuix drags PwC into shareholder class action over $1.8B IPO
Corporate 2022-11-09 11:41 pm By Christine Caulfield

Nuix has pointed the finger at its accountant PricewaterhouseCoopers in the software company’s defence to a class action over a prospectus for its $1.8 billion IPO two years ago.

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CBA says disclosing money laundering failures would have misled the market
Trials 2022-11-09 9:16 pm By Cindy Cameronne

The Commonwealth Bank of Australia has argued that disclosing its money laundering failures before AUSTRAC brought proceedings would have misled the market, as the bank takes the rare move of defending a shareholder class action at trial.

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Class action can’t get its hands on AMP, Clayton Utz emails
Class Actions 2022-11-09 9:24 pm By Sam Matthews

A judge overseeing a class action over AMP’s fees for no service practice has dismissed the applicant’s bid to access communications between AMP and law firm Clayton Utz that led up to an ostensibly independent report that allegedly went through 25 rounds of edits with the wealth manager’s inhouse lawyers.

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In light rail class action trial, NSW government denies it ‘sat back and did nothing’
Trials 2022-11-09 9:49 pm By Sam Matthews

The New South Wales government has rejected a class action’s claims that it dropped the ball in relation to the identification and management of underground utilities which caused delays in Sydney’s $3 billion light rail project.

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Liberty Financial appeals partial victory for ATO
Tax 2022-11-09 10:33 pm By Cat Fredenburgh

Liberty Financial unit Minerva has challenged a judgment that found two schemes it carried out were done with the primary purpose of securing a tax advantage.

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Trial pokes holes in CBA’s claim of ‘cordial’ relationship with AUSTRAC
Trials 2022-11-08 10:04 pm By Cindy Cameronne

While CBA’s defence to a shareholder class action argues the bank did not need to disclose money laundering failures because it doubted AUSTRAC would take legal action, communications show it was drafting a defence six months before proceedings started, a trial has heard.

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Court approves GCO in Noumi class action but may review lawyers’ cut
Class Actions 2022-11-08 10:40 pm By Sam Matthews

A judge has signed off on a group costs order in a shareholder class action against food company Noumi and auditor Deloitte guaranteeing group members a return of at least 78 per cent, but noted the law firms’ cut may need to be reviewed to avoid a “disproportionate return”.

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