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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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Westpac pays $130M to settle last banking royal commission class action
Financial Services 2025-03-14 11:20 pm By Christine Caulfield

Westpac has agreed to fork over $130 million to settle a class action over payment of flexible commissions to car dealers, a practice that was banned by the corporate regulator seven years ago.

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Defunct Westpac unit RAMS settles trade mark dispute with fund manager
Intellectual Property 2025-02-06 11:54 pm By Julia Kanapathippillai

Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.

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RAMS franchisees call out ‘old school litigation’ in class action
Franchises 2024-12-05 3:41 pm By Sam Matthews

RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.

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