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Avanteos faces multi-million dollar penalty in landmark criminal case over dead members
Financial Services 2021-12-08 3:09 pm By Bianca Hrovat

Former Commonwealth Bank subsidiary Avanteos Investments Limited pleaded guilty on Wednesday to charging up to $700,000 in fees to hundreds of deceased superannuation fund members. […]

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Union takes legal action against CBA over ‘draconian’ salary secrecy clause
Employment 2021-11-22 5:51 pm By Bianca Hrovat

The Finance Sector Union has launched legal proceedings in the Fair Work Commission against the Commonwealth Bank for allegedly sacking an employee who breached a […]

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Outlook for law firms positive as ‘battle for talent’ rages on, report finds
Business of Law 2021-11-15 5:47 pm By Cindy Cameronne

The legal market has experienced unprecedented growth during the last year despite the coronavirus pandemic, but law firms are “battling” to retain and hire lawyers, […]

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Court orders CBA to hand over oil and gas project books in climate change case
Climate change 2021-11-11 5:23 pm By Miklos Bolza

The Commonwealth Bank of Australia will have to hand over a preliminary tranche of documents relating to seven large-scale oil and gas projects it is […]

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CBA can’t throw out ‘cuckoo-smurfing’ lawsuit
Financial Services 2021-11-10 12:28 pm By Miklos Bolza

The Commonwealth Bank of Australia has failed in its bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” […]

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CBA seeks leniency as judge grapples with first criminal case of its kind
Financial Services 2021-10-29 5:31 pm By Miklos Bolza

A fine imposed against the Commonwealth Bank for false and misleading representations to customers should reflect offences that were “well below the midpoint” of seriousness, […]

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Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
Financial Services 2021-10-19 2:18 pm By Miklos Bolza

The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their […]

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CBA’s Colonial agrees to $20M penalty for misleading MySuper statements
Financial Services 2021-10-12 5:43 pm By Bianca Hrovat

The Commonwealth Bank’s wealth management unit has agreed to cough up $20 million in penalties for misleading thousands of fund members during the transition to […]

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FWO alleges Commonwealth Bank ‘knowingly’ underpaid staff $16.4M
Employment 2021-10-11 4:09 pm By Miklos Bolza

The Fair Work Ombudsman has taken the Commonwealth Bank of Australia and CommSec to court for allegedly knowingly underpaying almost 7,500 employees over $16.4 million […]

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CBA settles with former head of governance who complained of ‘excessive workload’
Employment 2021-10-06 2:57 pm By Cat Fredenburgh

The Commonwealth Bank has resolved a case brought by former head of governance and company secretary Kara Nicholls, who resigned from the bank on Tuesday […]

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