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Government hit with $2.9M judgment in live export class action
Class Actions June 29, 2020 1:30 pm By Alison Eveleigh

The lead applicant in a class action against the Federal Government over its total ban on live cattle exports to Indonesia in 2011 has been […]

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Government faces hefty bill after loss in landmark live export class action
Class Actions June 2, 2020 9:35 pm By Cat Fredenburgh

A judge has ruled in favour of live exporters in a class action against the Federal Government, finding a total ban on live cattle exports […]

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Full Court to hear Cigno challenge to ASIC ban on short-term credit lending
Appeals May 20, 2020 12:07 pm By Cat Fredenburgh

Cigno has appealed a ruling shooting down its challenge to the first action brought by ASIC under its powers to prohibit ‘predatory’ financial products, which […]

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Payday lender Cigno loses challenge to ASIC ban on short-term credit lending
Financial Services April 15, 2020 3:20 pm By Christine Caulfield

Payday lender Cigno has lost a challenge to the corporate regulator’s first action under powers to prohibit ‘predatory’ financial products that targeted its model of […]

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ASIC pans Wagyu and shiraz ‘thought experiments’ in Westpac home loan appeal
Financial Services February 25, 2020 5:05 pm By Miklos Bolza

ASIC has criticised a Federal Court judge for his ‘thought experiments’ around prospective home loan applicants feasting on Wagyu beef and shiraz, as the regulator […]

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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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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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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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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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