Commonwealth Bank’s New Zealand unit, ASB Bank, has agreed to pay $119.35 million to settle a class action alleging it failed to repay fees and interest wrongly charged to 150,000 customers who took out home or personal loans.
A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.
Telstra has been ordered to pay $18 million in ACCC proceedings, after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider Belong.
Rebel Wilson posted claims to her 11 million Instagram followers that the lead actress in her directorial debut had complained about a producer’s harassment, while knowing the accusations were false, a defamation case alleges.
Builder Shinetec has argued $48 million paid to the developer of a $185 million project in Sydney by Bank of China under a standby letter of credit was money it lent to the collapsed developer, with a judge seeming to agree the sum would otherwise be a windfall.
Canberra builder Geocon has brought a lawsuit against the developers of the Aspen and Establishment apartment buildings in Canberra, claiming it is owed $4 million in construction payments.
In the latest chapter of a long-running dispute, a developer has failed in its appeal bid to tear down the historic Subiaco Theatre in Western Australia, despite raising public safety concerns.
A judge has declined a creditor’s bid to wind up Victorian builder Roberts Construction Group, finding that the application relied on a “very modest” debt and involved a solicitor’s email “cast in threatening terms”.
The developers of an industrial-chic Melbourne apartment building have won a fight against the building’s owners corporation over a lease that allowed Vodafone to store telecommunications equipment on the roof.
A judge has allowed a class action over Isuzus that allegedly contained emissions cheat devices to send an opt out notice to group members that includes a warning that if they sell their cars, they may “lose some or all of the money” they could receive in any settlement.