Most Recent
MyBudget skimmed interest off hard-up customers, court hears
Class Actions May 3, 2018 10:40 pm By Miklos Bolza

MyBudget has exploited tens of thousands of customers already in financial difficulty and owes them interest on money they entrusted to the debt management company, […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
Commonwealth Bank admits data breach of 20 million accounts
Privacy & Cybersecurity May 3, 2018 2:30 pm By Christine Caulfield

Commonwealth Bank of Australia has confirmed a breach of data affecting nearly 20 million accounts, but said Thursday there was no evidence that customers’ details […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
StatePlus employment case could get “ugly” at trial, judge warns
Employment April 30, 2018 8:19 pm By Miklos Bolza

An employment dispute between financial advisory StatePlus and former program and project manager Mark Lawson has been ordered into mediation, with a Federal Court Judge […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
Clouds build as AMP faces three potential shareholder class actions
Class Actions April 23, 2018 6:06 pm By Miklos Bolza

Law firms Quinn Emanuel, Slater & Gordon and Shine Lawyers said Monday they were all weighing potential shareholder class actions against AMP after damaging revelations […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
ASIC gets new powers amid shock admissions at Royal Commission
Securities April 20, 2018 3:03 pm By Cat Fredenburgh

Banks face increased fines for corporate wrongdoing under reforms that also boost the powers of the watchdog amid stunning admissions by financial services firms at […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
ASIC confirms AMP probe, as Morrison warns of jail time
Financial Services April 18, 2018 6:29 pm By Christine Caulfield

The corporate regulator has confirmed it is investigating AMP over its ‘fees for no service’ practice revealed at the Hayne Royal Commission in stunning testimony […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
S&P analysts take stand in class action trial
Class Actions April 17, 2018 8:07 pm By Miklos Bolza

Two high ranking analysts from S&P Global have distanced themselves from the decision making process behind healthy ratings given to toxic financial products at the […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
ANZ to pay $3M after ASIC probe
Financial Services April 6, 2018 10:07 pm By Christine Caulfield

Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
ACCC says MYOB bid for Reckon raises competition concerns
Financial Services March 29, 2018 10:56 am By Cat Fredenburgh

The Australian Competition and Consumer Commission has raised concerns about MYOB’s proposed bid for Reckon’s accounting unit, saying it could substantially lessen competition in the […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.
Insurers could be next target of unfair contract law expansion
Financial Services March 23, 2018 9:06 pm By Cat Fredenburgh

The Australian government is mulling whether to extend unfair contract laws to insurance contracts, Finance Minister Kelly O’Dwyer said. Speaking before the Financial Services Council […]

Subscribe for instant access to all Lawyerly content. Already a subscriber? Login here. Want to test drive Lawyerly? Contact us to take a free trial.