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Judge questions AMP class action’s bid to ‘prettify’ case on eve of trial
Class Actions 2025-11-07 11:14 pm By Sam Matthews

The applicant in a class action against AMP wants to amend the case five years in and three months out from trial, but a judge has warned he will look dimly on any changes that disrupt the evidence planned for the hearing.

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High Court declines to clarify accessorial liability in payday lenders’ appeal
Competition & Consumer Protection 2025-11-06 11:55 pm By Cat Fredenburgh

The High Court has declined to hear an appeal of a ruling that found the directors of payday lenders Cigno and BSF are liable for the companies’ unlicensed credit activity.

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FSU puts banks on notice following landmark WFH ruling
Employment 2025-11-06 11:28 pm By Cat Fredenburgh

The Finance Sector Union has warned the country’s biggest banks they could be flouting workplace laws if they refuse flexible work requests, following a landmark court victory for a Westpac worker whose work from home request was denied.

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Hesta, Prime Super pay ASIC fines for greenwashing
Greenwashing 2025-11-06 11:28 pm By Christine Caulfield

Superannuation funds Hesta and Prime Super have been pinged by the corporate regulator for allegedly greenwashing their investment portfolios.

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Colonial First State, AIA settle class action for $140M
Settlement 2025-11-05 1:41 pm By Christine Caulfield

Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.

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ASIC mulls appeal in conflicted remuneration case against ex-Freedom boss
ASIC 2025-11-05 11:44 pm By Julia Kanapathippillai

ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance’s former boss and another executive over a sales incentive scheme.

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ASIC wins OK to pursue case against Solve My Debt despite liquidation
ASIC 2025-11-03 11:45 pm By Julia Kanapathippillai

The corporate cop has won court approval to proceed with a consumer suit against debt manager Solve My Debt, despite the company falling into liquidation.

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Fraudster Chris Marco cops record 14-year sentence for Ponzi scheme
White Collar 2025-10-30 11:06 pm By Christine Caulfield

A court has slapped a 14-year jail term on Perth businessman Chris Marco, after a jury found him guilty of 43 charges connected to a $34 million fraud on investors.

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ASIC, eToro settlement falls through in novel CFD case
ASIC 2025-10-28 11:57 pm By Julia Kanapathippillai

Trial has kicked off in ASIC’s first-ever design and distribution suit over high-risk contracts for difference, after an in-principle agreement reached with investment company eToro fell through.

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Marsh appeals ruling blocking it from pursuing Greensill claims in UK court
Appeals 2025-10-27 1:03 pm By Cat Fredenburgh

Insurer Marsh wants the Full Federal Court to overturn a ruling barring it from pursuing claims in a UK court over the failure of Greensill Capital.

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