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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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Appeal filed in failed class action against ex-CBA unit Count Financial
Class Actions 2025-06-30 11:40 pm By Cat Fredenburgh

Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients’ best interest.

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EML Payments settles shareholder class action for $37M
Class Actions 2025-06-25 11:14 pm By Cat Fredenburgh

Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.

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Judge rejects bid to declass ‘junk’ insurance class action
Class Actions 2025-06-25 11:24 pm By Andy Sidler

A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action. 

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S&P settles investors’ case but class action will resolve when ‘hell freezes over’, court told
Financial Services 2025-06-24 11:00 pm By Sam Matthews

S&P has reached a settlement in a case by two Cayman Island companies over alleged defective ratings but a class action won’t settle until “hell freezes over,” a court has heard.

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HBSC denies ASIC claims it failed to protect customers from scams
Financial Services 2025-06-20 11:21 pm By Sam Matthews

HSBC has hit back at ASIC’s claims that it failed to protect customers from scams, denying it breached its legislative duties despite admitting some of the regulator’s allegations concerning its compliance with the ePayments code, a voluntary code of conduct.

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NAB pays record penalty for breaches of consumer data sharing scheme
Financial Services 2025-06-19 1:04 pm By Andy Sidler

Big Four bank NAB has paid $751,200 for inaccurate credit data disclosures under the Consumer Data Right rules, the largest penalty to date for breaches of the regulations.

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ANZ whistleblower can’t tweak case for 13th time
Financial Services 2025-06-21 5:40 am By Andy Sidler

With three months until trial, a judge has knocked back a former ANZ trader’s bid to appeal a decision which barred him from amending his case for what would have been the thirteenth time.

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ASIC settles case against Hong Kong-based blockchain miner
ASIC 2025-06-18 11:16 pm By Cindy Cameronne

Blockchain mining company NGS Crypto has consented to orders sought by ASIC amid concerns that hundreds of Australians who sank $21.1 million into the business were misled about the safety of their investments.  The Australian Securities and Investments Commission took NGS Crypto Group and its Australian subsidiaries to court, seeking orders winding up the companies,…

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Blue Sky founder can drop class action claims against Gadens, Nine
Class Actions 2025-06-17 11:50 pm By Sam Matthews

A class action alleging a conspiracy against collapsed investment fund Blue Sky continues to be whittled down, with a court giving the firm’s founder the green light to drop claims against a handful of defendants, including law firm Gadens and AFR publisher Nine.

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