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Westpac agrees to $20M penalty in ASIC case against RAMS
ASIC 2025-10-21 11:56 pm By Julia Kanapathippillai

A judge has raised concerns about whether an agreed-to $20 million penalty against Westpac’s defunct home loan subsidiary RAMS is enough to deter other lenders from breaking credit rules.

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Westpac employee told WFH ‘no substitute for childcare’
Employment 2025-10-21 1:26 pm By Cindy Cameronne

Westpac has lost a dispute with a part-time employee who asked to work from home to care for two young children and was told by a manager that “working from home is no substitution for childcare”.

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MWL Financial adviser banned for recommending failed Shield fund
Financial Services 2025-10-21 11:10 pm By Christine Caulfield

The corporate regulator has banned a MWL Financial adviser for eight years for recommending clients park the bulk of their superannuation into Keystone’s high-risk Shield Master Fund, which has since collapsed.

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ATO defeats bid by Brite receivers to be dragged into ASIC case
Tax 2025-10-20 11:33 pm By Cindy Cameronne

A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax. 

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ASIC loses case against ex-Freedom boss, manager over sales incentives
Financial Services 2025-10-17 11:12 pm By Julia Kanapathippillai

A court has tossed the corporate regulator’s case against Freedom Insurance’s former boss and another executive, finding that a sales incentives scheme did not breach conflicted remuneration laws.

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Construction PRO
Investors win $9.7M in dispute over failed Gold Coast development
Contracts 2025-10-20 11:45 pm By Cindy Cameronne

A group of investors have won a dispute against a Newcastle-based company over a foreclosure on a mortgage in relation to a Gold Coast which did not proceed. 

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Insurer Marsh barred from pursuing Greensill claims in UK court
Insurance 2025-10-13 11:23 pm By Christine Caulfield

Upping the ante in sprawling litigation over the failure of Greensill Capital, the global finance firm’s bank has won an anti-anti-suit injunction against Marsh that bars the insurer from prosecuting its UK case.

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Resilium’s disclosure of authorised rep’s client data not a breach: court
Insurance 2025-10-08 11:50 pm By Julia Kanapathippillai

A former authorised representative of Resilium Insurance Broking has failed to persuade an appeals court that the intermediary network breached a contract by providing its client data to a new representative.

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Thomson Geer scoops up Baker McKenzie banking partner, special counsel
Business of Law 2025-10-08 11:53 pm By Julia Kanapathippillai

Thompson Geer has nabbed a partner and a special counsel from Baker McKenzie to grow its Melbourne-based banking and finance team.

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CBA unit to pay $119.5M to settle consumer class action
Class Actions 2025-10-07 11:41 pm By Cat Fredenburgh

Commonwealth Bank’s New Zealand unit, ASB Bank, has agreed to pay $119.35 million to settle a class action alleging it failed to repay fees and interest wrongly charged to 150,000 customers who took out home or personal loans.

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