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AMP sets aside $50M for BOLR class action as it mulls appeal
AMP has set aside $50 million in its financial statement for the first half of 2023 to cover potential liability in a class action won last month by financial advisers over the wealth manager's buyer of last resort policy.
IAG employee not unfairly sacked after WFH activity tracked
The Fair Work Commission has found that insurer IAG did not unfairly dismiss a veteran employee after a company review of her at-home cyber activity revealed extensive periods of “no or minimal keyboard activity”.
Class action wants Deloitte report into Optus data breach
A class action against Optus over a cyberattack that left the data of up to 10 million customers exposed is seeking access to an independent report prepared by Deloitte into the causes of the hack.
Downer class actions transferred to Victoria Supreme Court
The Federal Court has granted a bid by plaintiffs in competing class actions against Downer EDI to transfer their cases to the Victoria Supreme Court, where a four-way contest will take place.
ACCC rejects $4.9B ANZ, Suncorp merger
The ACCC has rejected ANZ's $4.9 billion acquisition of Queensland-based Suncorp, setting up a likely challenge before the Australian Competition Tribunal.
Deloitte’s $2.5M bill in CBA class action holds up settlement approval
A judge asked to approve a $50 million settlement in a consumer credit insurance class action against the Commonwealth Bank has questioned a $2.5 million deduction for professional services firm Deloitte.
Judge approves ANZ class action settlement, signs off on ATE insurance cost
ANZ's $47 million settlement of a class action over its consumer credit insurance has been given the nod by a judge, who has also approved recovery of the cost of after-the-event insurance held by the law firm running the case.
Judge to order OAIC to court over holdups in Optus class action
A judge overseeing a class action over the Optus data breach will order the Information Commissioner to appear in court to explain the “delay and uncertainty” surrounding a number of representative complaints before the OAIC which are hampering the court proceedings.
ABC journalist named in Heston Russell defamation case questioned on credibility of key source
A judge has questioned an ABC journalist who is the target of a defamation case by ex-commando Heston Russell if he should have treated a key source who another source called a "showpony" more cautiously while reporting on alleged war crimes in Afghanistan.