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The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members.
ASIC has launched legal proceedings against HSBC, alleging the bank did not have appropriate controls to protect customers from scammers.
The lead auditor for the collapsed Greensill group, which was wound up in 2021 with claims over $1.7 billion, has been suspended until June 2026 for failing to adequately carry out his duties.
The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.
The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.
UK currency exchange Wise has lost its challenge to a crypto asset management firm's ‘Bitwise’ trade mark, with IP Australia finding it could not monopolise the word ‘wise’.
A class action on behalf of 330,000 super members has settled against the trustees of the MLC Super fund, just days after another superannuation class action flopped.
A class action brought by former clients of Melissa Caddick, who were defrauded out of $23 million, have settled their claims against a group of SMSF auditors.
A class action against online trading platform IG Markets over alleged risky contracts for difference may drop its conflicted remuneration claims after struggling to find a sample group member.
RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.