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ANZ agrees to $240M in fines for ‘widespread misconduct’
ASIC 2025-09-15 2:44 pm By Cindy Cameronne

ANZ has agreed to pay $240 million in penalties to resolve four separate cases by the corporate regulator, including a record $80 million penalty for unconscionable conduct in its dealings with the federal government. 

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AMP to pay $120M to settle superannuation class action
Class Actions 2025-09-15 10:41 am By Cat Fredenburgh

AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.

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Union drags ANZ to Fair Work Commission over mass layoffs
ANZ 2025-09-15 11:42 pm By Julia Kanapathippillai

The Finance Sector Union has accused ANZ of being a “bank in crisis”, launching a case in the Fair Work Commission over its handling of mass job cuts.

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Mastercard fights win for ACCC over in-house counsel communications
Competition & Consumer Protection 2025-09-12 11:30 pm By Cat Fredenburgh

Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.

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Jabiru can expand case over pulled finance for Australia’s first satellite
Financial Services 2025-09-15 11:27 pm By Cindy Cameronne

Defunct telecommunications company Jabiru Satellite can add new claims to its suit against major banks for withdrawing support for Australia’s first satellite, but it can’t put on a case that the lenders were “shadow” directors.

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AUSTRAC trims money laundering case against Entain
AUSTRAC 2025-09-10 11:34 pm By Cat Fredenburgh

The financial crimes regulator has trimmed its case against the operator of online gambling sites Ladbrokes and Neds, UK-based Entain, alleging “systemic failure” to comply with its anti-money laundering obligations. 

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‘Inordinate and disproportionate’: Judge slams ASIC’s case against lender Money3
ASIC 2025-09-09 11:24 pm By Julia Kanapathippillai

A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an “inordinate and disproportionate amount of the judicial and administrative resources of the court”.

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Wollemi Capital resolves trade mark spat with Tesla chair’s family office
Intellectual Property 2025-09-08 11:03 pm By Christine Caulfield

CBA-backed venture capital firm Wollemi has reached an agreement to resolve a trade mark dispute with the family office of Tesla chairwoman Robyn Denholm.

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Receivers appointed to Australian Fiduciaries entities amid probe over missing $167M
Financial Services 2025-09-08 11:33 pm By Julia Kanapathippillai

A court has appointed receivers to two entities of collapsed asset manager Australian Fiduciaries amid concerns by the corporate regulator that $167 million in funds have been misused, including to buy $600,000 in luxury cars.

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ASIC gets High Court’s attention in case against crypto firm Block Earner
Cryptocurrency 2025-09-04 11:33 pm By Christine Caulfield

The corporate regulator has won the High Court’s leave to challenge a ruling for cryptocurrency firm Block Earner that it argues will allow future crypto products to evade the rules.

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