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ASIC to challenge ‘uncertainty’ of Westpac responsible lending decision
Appeals September 10, 2019 9:07 pm By Amelia Birnie

The Australian Securities and Investments Commission has filed an appeal against the Federal Court’s responsible lending ruling in favour of Westpac, arguing the decision had […]

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Westpac faces class action over ‘excessive’ super rates
Class Actions September 6, 2019 3:10 pm By Miklos Bolza

Two Westpac units have been hit with a class action over allegedly excessive superannuation interest rates,  the third class action filed as part of Slater […]

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Original lawyers in BankSA class action want bigger stake of multi-million dollar settlement
Class Actions August 20, 2019 8:46 pm By Amelia Birnie

The original solicitors who stepped down from leading a class action against Westpac unit BankSA amid abuse of process allegations will bring separate proceedings in […]

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Senior partner denies deliberate delay in trial over rejected $4.45M Westpac settlement
Legal Ethics August 20, 2019 8:45 pm By Miklos Bolza

A senior partner at a Sydney-based law firm has denied he made a “deliberate decision” to withhold advice from a former client suing for alleged […]

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Responsible lending class action against Westpac paused after ASIC loss
Class Actions August 16, 2019 10:10 pm By Christine Caulfield

After defeating the corporate regulator’s case alleging it breached responsible lending laws, banking giant Westpac has won a reprieve from lodging a defence in a […]

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APRA slaps Allianz with extra $250M capital requirement over risk management issues
Financial Services August 14, 2019 4:36 pm By Amelia Birnie

Insurance company Allianz Australia will need set aside an extra $250 million in capital until it strengthens its risk management, making it the fifth financial […]

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Westpac defeats ASIC home loan case
Breaking News August 13, 2019 11:43 am By Amelia Birnie

Westpac has defeated a responsible lending case brought by the Australian Securities and Investments Commission in relation to almost 262,000 home loans, with the Federal […]

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APRA hits Westpac with $1.5M fine for breaching reporting obligations
Financial Services August 8, 2019 9:00 pm By Miklos Bolza

Westpac and two of its subsidiaries have been hit with a $1.5 million penalty by the Australian Prudential Regulation Authority for failing to meet their […]

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Judge OKs Westpac’s confidential class action settlement over unregistered investment scheme
Class Actions July 26, 2019 2:28 pm By Christine Caulfield

A judge has signed off on a confidential settlement resolving a class action brought by investors against Westpac over its role in an unregistered managed […]

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Investors set to get 40% of settlement in class action against Westpac’s BankSA
Class Actions July 19, 2019 3:12 pm By Christine Caulfield

Group members in a recently settled class action against Westpac unit BankSA over its conduct in connection with convicted Ponzi schemer Michael Samra are expected […]

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