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Judge hits AMP with $5.2M penalty, says greedy financial adviser was ‘in the right place’
Financial Services February 5, 2020 11:05 am By Miklos Bolza

The Federal Court has imposed a penalty of almost $5.2 million on AMP Financial Planning after finding it was “reckless” in its “lamentable failure” to […]

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Training college Unique cops $4M penalty in ACCC case
Competition & Consumer Protection October 31, 2019 2:49 pm By Christine Caulfield

Unique International College has been slapped with a $4.165 million penalty after a court found the defunct vocational trainer engaged in unconscionable conduct in enrolling […]

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Court signs off on AMP’s new remediation program in ASIC insurance churn case
Financial Services October 1, 2019 8:42 pm By Miklos Bolza

A judge has given the thumbs up to AMP’s new program to identify and compensate victims of so-called insurance churning by its financial planning arm […]

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Westpac gives court more reasons to uphold win in ASIC’s responsible lending case
Appeals October 7, 2019 1:41 pm By Miklos Bolza

Westpac has offered an appeals court two more reasons to affirm its victory in a closely watched responsible lending case brought by the Australian Securities […]

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ASIC to challenge ‘uncertainty’ of Westpac responsible lending decision
Appeals September 10, 2019 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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Lottoland hits the jackpot in ACMA betting challenge
Media August 19, 2019 5:40 pm By Amelia Birnie

The CEO of Lottoland says the company has “finally been vindicated” by a court ruling that overturned a decision by the Australian Communications and Media […]

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Westpac defeats ASIC home loan case
Breaking News August 13, 2019 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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ASIC seeks $36M penalty against AMP unit in insurance churn case
Financial Services June 19, 2019 5:13 pm By Miklos Bolza

The Australian Securities and Investments Commission has asked a court to impose penalties of up to $36 million on an AMP subsidiary for failing to […]

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