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Corporate penalties to triple under new proposal
News October 24, 2017 12:36 pm By Cat Fredenburgh

The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate […]

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Law firm rivals in bidding war to woo AMP shareholders
Class Actions May 15, 2018 10:15 pm By Christine Caulfield

A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a “super […]

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AMP’s Salter denies misconduct, says he learnt of ousting from ASX
Legal Ethics April 30, 2018 9:47 pm By Christine Caulfield

AMP’s general counsel Brian Salter says he did not know he was sacked until he read the company’s announcement to the Australian Stock Exchange on […]

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AMP could face criminal charges, Royal Commission hears
Financial Services April 27, 2018 11:24 pm By Christine Caulfield

AMP could be hit with criminal charges after counsel assisting the Royal Commissioner said Friday evidence before the commission had shown the wealth management firm […]

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Under fire, Clayton Utz denies AMP report was compromised
Clayton Utz April 23, 2018 2:54 pm By Christine Caulfield

Facing demands for answers and a call to be suspended from government contract work, Clayton Utz has finally spoken out over its role in the […]

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ACCC delays decision on MYOB, Reckon merger
Competition & Consumer Protection April 20, 2018 10:45 am By Cat Fredenburgh

The ACCC has delayed it decision on MYOB’s proposed bid for Reckon’s accounting unit while it waits for information, after the regulator raised concerns about […]

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Independence of Clayton Utz report questioned at Royal Commission
Clayton Utz April 17, 2018 11:11 am By Christine Caulfield

The independence of a report by law firm Clayton Utz to ASIC over AMP’s practice of charging customers for services not performed was called into […]

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Commonwealth Bank to pay $3 million over fees for no service
Financial Services April 16, 2018 9:51 pm By Cat Fredenburgh

Two Commonwealth Bank subsidiaries have entered an agreement with ASIC to pay $3 million for failing to provide annual reviews to customers that paid for […]

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Cos. to face new penalties for manipulating financial benchmarks
Financial Services March 29, 2018 8:57 am By Cat Fredenburgh

Companies that manipulate financial benchmarks will face specific civil and criminal penalties under changes to the law made by the government today, in the wake […]

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ASIC to crack down on unfair lending contracts
Financial Services March 15, 2018 4:49 pm By Christine Caulfield

ASIC put banks and other lenders on notice Thursday that unfair lending contracts aimed at small business will be an enforcement priority for the securities […]

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