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Two units of AMP have paid a $536,000 penalty for failing to report derivative transactions, with the Australian Securities and Investments Commission slamming the company for "serious inadequacies" in its reporting processes.
The corporate cop has brought legal proceedings against the Commonwealth Bank's wealth management unit claiming it made misleading or deceptive statements to over 12,000 fund members during the transition to MySuper accounts.
The corporate watchdog has brought two post-Hayne Commission proceedings against the Commonwealth Bank of Australia, alleging it upped the credit limit of a known problem gambler and overcharged more than $8 million in fees on its agricultural lending products.
Qantas Airways has repaid more than $7 million in underpayments and will make an additional $2 million in 'apology' payments to workers after self-reporting to the Fair Work Ombudsman that it incorrectly calculated the salary of hundreds of staff.
Westpac has been hit with another class action over alleged anti-money laundering breaches, teeing up a high-stakes beauty parade over which firm will lead the class action against the bank.
Hong Kong-based casino group Melco Resorts must hand over documents claimed to be privileged to a NSW public inquiry into James Packer's Crown Resorts, with an appeals court ruling the inquiry had the power of a royal commission.
A court has ordered the lead applicant in a $129 million underpayment class action against Merivale to fill gaps in his case, after the hospitality giant complained there was insufficient information as to how the employee's claims related to other workers.
BHP Billiton must pay $125 million in added taxes after the High Court struck down its appeal in a dispute with the Australian Tax Office over taxes on income from its Singapore marketing hub.
A subsidiary of BHP Billiton can't get its hands on underwriting documents in its case against Lloyd's of London and Berkley Insurance, which are being sued by the mining giant for over $36 million after allegedly substandard equipment was installed at its Olympic Dam Mine.
Venture capitalist Elaine Stead is pushing forward with her defamation case against the Nine-owned Fairfax Media despite what she has called an "inadequate" third attempt at a defence by the publisher.