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Westpac’s $130M settlement in flex commissions class action approved
Financial Services 2025-08-28 2:52 pm By Christine Caulfield

A judge has signed off on Westpac’s $130 million settlement in a class action over flexible commissions paid to car dealers, bringing to an end three cases brought by Maurice Blackburn against lenders.

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RAMS accuses class action of trying to ‘hijack’ ASIC case
Class Actions 2025-08-26 11:43 pm By Julia Kanapathippillai

Westpac’s defunct mortgage unit RAMS has accused a class action by former franchisees of attempting to “hijack” civil penalty proceedings by the corporate regulator by seeking to intervene in the case.

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Westpac can shield Allens docs in money laundering class action
Class Actions 2025-07-24 11:55 pm By Andy Sidler

Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.

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Class action seeks to intervene in ASIC’s suit against RAMS
Class Actions 2025-06-30 11:13 pm By Julia Kanapathippillai

Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.

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Clayton Utz bolsters risk advisory team with hires from CBA, A&O Shearman
Business of Law 2025-06-20 11:42 pm By Julia Kanapathippillai

Clayton Utz has boosted the expertise in its risk advisory practice, hiring a trio of lawyers from CBA and A&O Shearman.

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European Energy secures $130M for solar projects
Energy & Natural Resources 2025-06-20 11:46 pm By Julia Kanapathippillai

Danish renewables company European Energy has closed a $130 million financing package for two solar projects in Victoria and NSW.

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NAB agrees to $15.5M penalty for ignoring hardship claims
Financial Services 2025-06-13 11:14 pm By Andy Sidler

NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code. 

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Westpac’s RAMS taken to court over ‘widespread’ misconduct across franchise network
ASIC 2025-06-04 12:49 pm By Julia Kanapathippillai

Westpac’s mortgage subsidiary RAMS Financial Group faces penalty proceedings by the corporate regulator after admitting to “widespread” misconduct.

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ASIC seeks $30M penalty for Westpac’s ‘scandalous’ conduct
Financial Services 2025-05-26 11:17 pm By Andy Sidler

ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused  financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.

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Westpac looks to shield Allens chronologies in AUSTRAC class action
Class Actions 2025-04-09 11:09 pm By Andy Sidler

Westpac is arguing timelines prepared by law firm Allens are privileged and should not be handed over in a shareholder class action over its alleged lax compliance with anti-money laundering laws.

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