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Commonwealth Bank says it shouldn’t pay twice to defend two class actions
Class Actions February 25, 2019 11:54 am By Christine Caulfield

The Commonwealth Bank of Australia wants a judge to ensure it doesn’t get hit with double the cost for work defending two shareholder class actions […]

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ASIC targets AMP execs in fees for no service probe, court told
Financial Services February 8, 2019 9:13 pm By Christine Caulfield

AMP executives are the focus of the Australian Securities and Investments Commission’s investigation of the wealth management firm’s fees for no service scandal, a court […]

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Deep Investments’ case over $10M in share trading losses shut down
Financial Services January 22, 2019 1:32 pm By Miklos Bolza

An appeals court has shut down a case brought by investment adviser Deep Investments against a solicitor and six others over $10 million in alleged […]

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ASIC flags new rules for simpler super fee disclosures
Financial Services January 8, 2019 10:19 pm By Christine Caulfield

The corporate watchdog has released proposed reforms to fees and costs disclosure requirements for superannuation and managed investment schemes, and the rules would require disclosures […]

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MFS execs lose appeal over $147.5M in misused funds
Financial Services December 18, 2018 5:56 pm By Miklos Bolza

Three former executives of failed Gold Coast finance company MFS Group have lost their challenge to a ruling that they misappropriated $147.5 million in funds […]

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Lawyers, funders brace for landmark common fund ruling this week
Analysis February 26, 2019 9:39 pm By Christine Caulfield

Judgments in two appeals challenging the legality of common fund orders issued by courts in class actions will be handed down this week, and the […]

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ASIC foreshadows multiple criminal cases in wake of royal commission
White Collar February 19, 2019 11:00 pm By Cat Fredenburgh

ASIC has wasted no time in the wake of a critical report from the banking royal commission, reporting a 50 percent spike in investigations into […]

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ASIC challenge to Westpac personal advice ruling likely
Financial Services February 7, 2019 11:16 am By Miklos Bolza

The Australian Securities and Investments Commission will likely appeal a ruling that two Westpac units did not provide personal financial advice as part of a […]

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Activist suing super fund REST over climate change plan can’t cap adverse costs
Financial Services January 18, 2019 3:29 pm By Cat Fredenburgh

An ecological landscaper suing the Retail Employees Superannuation Trust fund for an undeveloped climate change policy has lost an application for a maximum costs order […]

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ASIC asks High Court to clarify meaning of ‘officer’
Corporate January 16, 2019 9:58 pm By Miklos Bolza

ASIC is seeking approval from the High Court to appeal a judgment that let a former director of Gold Coast finance company MFS Group partially […]

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