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Judge questions if ASIC’s proposed $6M penalty against IOOF unit has enough sting
A judge has raised concerns about a $6 million penalty proposed by the Australian Securities and Investments Commission against IOOF unit RI Advice for failing to rein in an adviser who reaped hefty commissions for steering clients towards risky investments.
Arasor class action applicant sues funder over $1.2M in expenses
One of the applicants in a settled shareholder class action against tech company Arasor has sued the funder that backed the case alleging it is owed $1.2 million in personal expenses accrued while serving as lead applicant on the case.
AMP unit settles retired planner’s suit over $1M buyout deal
A subsidiary of AMP has settled a retired financial planner's lawsuit accusing the company of using “unfair tactics” to avoid coughing up close to a million dollars owed under a buyout option exercised in November 2019.
One time Liberal powerbroker says Nine using journalist privilege to ‘block him at every opportunity’
Former Liberal power broker Marcus Bastiaan has accused Nine Entertainment of hiding behind “the cloak of journalistic professional privilege” in refusing to provide documentary evidence concerning the production of an alleged defamatory 60 Minutes report.
Liberal MP Andrew Laming looks to strike out Nine’s ‘desperate’ defamation defence
Liberal MP Andrew Laming has slammed the Nine Network for attempting to “bully and harass” him with its contextual truth defence to his lawsuit over an allegedly defamatory news segment that accused the Queensland politician of taking a lewd photograph.
Shell wins more in ATO appeal over $2.3B gas exploration deduction
An appeals court has unanimously rejected the Commissioner of Taxation’s latest bid to block Shell’s $2.3 billion tax deduction for the cost of exploration activities conducted as part of the Browse LNG project off the coast of Western Australia.
McDonald’s hit with third lawsuit over unpaid rest breaks
McDonald’s has been hit with a lawsuit on behalf of 339 employees across four states alleging it systematically failed to give workers paid 10-minute breaks, a month after a class action was filed against the fast food giant for allegedly denying workers rest breaks.
Westpac wins freezing order over sale of Papas’ girlfriend’s Sydney home
The Federal Court has issued a worldwide freezing order over the assets of Bill Papas' partner, which includes the proceeds of the $1.13 million sale of her home in Sydney's inner west.
CIMIC unit hits back at underpayments class action, says workers ‘overpaid’
Engineering company UGL Limited has denied wrongdoing in a class action on behalf of casual aluminium construction and manufacturing workers who were allegedly underpaid for over three years, saying they were, in fact, overpaid.
Judge won’t block disciplinary action against unvaccinated Qantas staff
A judge has dismissed an urgent application to block Qantas from taking disciplinary action against unvaccinated employees, but the airline has committed to extending their leave with pay until a challenge to its COVID-19 vaccination policy can be heard.