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CBA unit faces MySuper class action over delayed $3.2B funds transfer
Class Actions October 17, 2019 1:03 pm By Amelia Birnie

Commonwealth Bank subsidiary Colonial First State and former director Linda Elkins face a class action alleging the wealth management group breached its superannuation trustee duties […]

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Crown Resorts, ATO settle $396M dispute over botched US expansion
Tax October 17, 2019 9:15 pm By Miklos Bolza

Crown Resorts has settled its feud with the Australian Taxation Office over a $396 million tax bill stemming from the acquisition of Las Vegas-based Cannery Casino Resorts as part of the company’s failed North American expansion.

ASIC calls out insurers, super funds for selling ‘junk’ TPD insurance
Insurance October 17, 2019 5:09 pm By Amelia Birnie

AMP, Asteron and Westpac have been singled out by ASIC for having higher than expected decline rates for total and permanent disability life insurance claims, in a new review by the corporate watchdog that also revealed a “concerningly high” 60 per cent rejection rate for some narrowly defined policies.

Kmart pockets win over streetwear company in cargo pants IP dispute
Intellectual Property October 16, 2019 10:39 pm By Cat Fredenburgh

Kmart has defeated claims by a streetwear company that the retail giant infringed the copyright for its cargo pants and shorts designs. The case was […]

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ANZ says ASIC overreaching in case over ‘periodical payment’ fees
Financial Services October 15, 2019 9:17 pm By Miklos Bolza

ANZ has rejected allegations by the financial regulator that $35 million in fees charged to customers for periodical payments between accounts was unlawful, saying the […]

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Corrs retained by AMP financial planners to weigh class action
Financial Services October 15, 2019 10:44 pm By Christine Caulfield

Corrs Chambers Westgarth has been retained by the AMP Financial Planners Association to weigh a possible class action against the wealth manager over its plan […]

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Dick Smith cases to be heard together, after insurance class action plaintiffs drop discontinuance bid
Class Actions October 15, 2019 11:20 pm By Amelia Birnie

A judge has ordered all proceedings against Dick Smith to be heard concurrently during a marathon three month trial, after the plaintiffs in a shareholder […]

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Ex-Dick Smith directors seek damages against Deloitte over $520M float
Class Actions October 11, 2019 4:43 pm By Miklos Bolza

Two former Dick Smith directors targeted by dual class actions have expanded their case against Deloitte over the retailer’s 2016 collapse, saying if the company […]

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Election challengers subpoena ABC for Josh Frydenberg interview in front of Chinese posters
ABC October 11, 2019 9:25 pm By Miklos Bolza

Two petitioners challenging the election of Treasurer Josh Frydenberg and embattled Liberal MP Gladys Liu have subpoenaed the Australian Broadcasting Corporation and Sky News for […]

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Judge refuses access to insurance policy in Advanta Seeds class action
Class Actions October 10, 2019 5:06 pm By Amelia Birnie

The plaintiffs in a farming class action brought against Advanta Seeds over allegedly contaminated sorghum have been denied access to the defendant’s insurance policy documents, […]

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