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‘Loose with the truth’ broker to get High Court’s ear
Financial Services August 20, 2018 3:06 pm By Cat Fredenburgh

The High Court has granted special leave to appeal a lifelong ASIC ban to a broker a judge once described as “loose with the truth” […]

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ASIC vows to pursue fees-for-no-service cases in court
Financial Services August 17, 2018 11:05 pm By Christine Caulfield

The corporate watchdog is planning to launch legal action soon over the banking industry’s fees for no service, and expects to secure $1 billion in […]

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Westpac adviser at centre of ASIC suit got ‘high achievement’ ratings, bank admits
Financial Services August 15, 2018 9:32 pm By Cat Fredenburgh

Westpac admits that it violated the Corporations Act by awarding high performance marks to a financial adviser whose work was flagged for compliance concerns during […]

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AMP slams ‘red herring’ in class action transfer fight
Class Actions August 14, 2018 8:58 pm By Miklos Bolza

Embattled financial giant AMP on Tuesday criticised concerns raised by lawyers for the federal class actions about group members’ opt out rights, saying the concerns […]

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Class action can claim Westpac unit knew about $1.9M Ponzi scheme
Class Actions August 14, 2018 9:23 pm By Cat Fredenburgh

A judge has denied a Westpac unit’s bid to strike allegations that it knew about a $1.9 million Ponzi scheme from a class action alleging […]

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AMP denies class members will hit time bar in state court
Class Actions August 13, 2018 10:24 pm By Christine Caulfield

AMP has slammed arguments that group members in four Federal Court class actions could face a jurisdictional limitation on their claims of disclosure breaches if […]

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IOOF unit seeks to expand claims against insurance broker in Provident class action
Class Actions August 13, 2018 9:17 pm By Miklos Bolza

IOOF subsidiary Australian Executive Trustees wants to expand the cross-claim it filed against insurance broker Willis Australia in the class action over the collapse of […]

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AMP shareholders on surer legal footing in Federal Court, judge told
Class Actions August 10, 2018 10:07 pm By Christine Caulfield

The Federal Court offers group members in the shareholder class actions against AMP a major legal advantage over the NSW Supreme Court, lawyers for the […]

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S&P settlement approved despite ‘extraordinarily large’ funder fee
Class Actions August 9, 2018 9:34 pm By Miklos Bolza

A judge has given the green light to a settlement of five class actions against ratings agency S&P Global over toxic financial products, saying despite […]

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NAB says sorry after bruising week at Royal Commission
Financial Services August 9, 2018 10:45 pm By Christine Caulfield

National Australia Bank has issued a public apology after evidence this week at the Banking Royal Commission revealed the bank charged fees for no service […]

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