Most Recent
Judge slams APRA case against IOOF as ‘fundamentally inadequate’ and ‘tenuous in the extreme’
Financial Services 2019-09-20 10:04 am By Amelia Birnie

APRA’s purely documentary case against troubled fund manager IOOF has been dismissed by the Federal Court as “unpersuasive”, “fundamentally inadequate” and “tenuous in the extreme”, […]

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ASIC wins highest ever penalty against individual in $40M investment scam case
ASIC 2019-09-19 9:59 pm By Christine Caulfield

A judge has permanently banned the director of financial services firm Gallop International from the industry and proposed a record $3 million fine after the […]

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ACCC’s Sims says ‘strong competition’ lacking in retail banking sector
Competition & Consumer Protection 2019-09-18 4:48 pm By Cat Fredenburgh

ACCC Chair Rod Sims reiterated concerns about the lack of competition in the retail banking sector on Wednesday, but shut down media reports that the […]

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Judgment looms for IOOF execs in APRA’s disqualification case
Financial Services 2019-09-17 11:53 am By Christine Caulfield

Five IOOF executives will learn their fate this week when a judge rules on a disqualification bid by the prudential regulator, the first judgment to […]

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ASIC retains external law firms to expedite banking royal commission cases
Financial Services 2019-09-11 9:02 pm By Miklos Bolza

With over 300 concurrent investigations on foot, the Australian Securities and Investments Commission has leaned heavily into its ‘why not litigate’ approach and is bringing […]

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ASIC to challenge ‘uncertainty’ of Westpac responsible lending decision
Appeals 2019-09-10 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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State Street can use evidence from Maurice Blackburn case in US suit against Fearless Girl artist
Intellectual Property 2019-09-06 11:45 pm By Christine Caulfield

State Street Global Advisors has been given the go-ahead to use evidence unearthed in its trade mark and copyright action against Maurice Blackburn over the […]

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Westpac faces class action over ‘excessive’ super rates
Class Actions 2019-09-06 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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$29M Radio Rentals settlement clears hurdle after ex-CEO cries prejudice
Class Actions 2019-09-04 10:13 pm By Miklos Bolza

The $29 million settlement in the Radio Rentals ‘Rent, Try, $1 Buy’ class action is back on track after concerns by former CEO James Marshall […]

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ASIC takes BOQ, Bendigo Bank to court over small business contracts
ASIC 2019-09-04 10:31 am By Cat Fredenburgh

The Australian Securities and Investments Commission has filed Federal Court proceedings against Bank of Queensland and Bendigo and Adelaide Bank over alleged unfair terms in […]

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