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FWO alleges Commonwealth Bank ‘knowingly’ underpaid staff $16.4M
Employment 2021-10-11 4:09 pm By Miklos Bolza

The Fair Work Ombudsman has taken the Commonwealth Bank of Australia and CommSec to court for allegedly knowingly underpaying almost 7,500 employees over $16.4 million through the use of individual agreements.

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ASIC takes superannuation trustee Diversa to court
Financial Services 2021-10-11 4:14 pm By Bianca Hrovat

The Australian Securities and Investments Commission has launched court proceedings against superannuation trustee Diversa for allegedly failing to take appropriate action in response to a financial advisor who was under investigation.

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Day of reckoning arrives for Banksia class action lawyers
Feature 2021-10-08 10:50 pm By Christine Caulfield

It has been described as the darkest chapter in Victoria’s legal history, an exemplar of all that is terrible with class actions in Australia. A case of greedy lawyers who found their golden egg in a group of retirees who had lost their life savings, never thinking the chickens might come home to roost. Until now.

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Insurers largely prevail in second COVID-19 test cases
Insurance 2021-10-08 5:13 pm By Christine Caulfield

Insurers have largely succeeded in challenging COVID-19 business interruption losses claimed by a group of small businesses, in an important second test case that could save the industry billions of dollars.

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Woolworths to pay further $50M to staff as underpayments class action settles
Class Actions 2021-10-08 1:00 pm By Miklos Bolza

Supermarket giant Woolworths will pay an additional $50 million to current and former salaried team members and has provisionally settled an underpayments class action against it.

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Priceline hit with class action by franchisees
Class Actions 2021-10-08 9:58 pm By Christine Caulfield

Priceline faces a class action by a group of franchisees accusing the pharmacy giant of exercising an “overly prescriptive level of control” that limits their profitability.

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Virgin sued by union over privacy concerns linked to COVID-19 jab mandate
Employment 2021-10-08 7:11 pm By Miklos Bolza

The aircraft engineers’ union has filed Federal Court proceedings against Virgin Australia over alleged privacy breaches relating to the airline’s enforcement of its mandatory COVID-19 vaccination policy.

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Lendlease files $8.7M lawsuit over combustible cladding in Docklands high rise
Construction 2021-10-07 2:37 pm By Miklos Bolza

Lendlease has taken two consultants and a designer to court to recoup $8.7 million it spent on replacing combustible cladding used on its $107 million EXO residential apartment block in Melbourne’s Docklands.

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Ex-Dick Smith CFO to appeal $43M victory for NAB
Restructuring & Insolvency 2021-10-07 6:25 pm By Miklos Bolza

Dick Smith’s former CFO will appeal a $43 million judgment in favour of National Australia Bank over his role in the retailer’s collapse.

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IOOF unit loses bid to strike out ASIC’s cybersecurity case
Privacy & Cybersecurity 2021-10-07 1:26 pm By Cindy Cameronne

IOOF unit RI Advice has lost its bid to strike out ASIC’s novel case claiming it failed to protect its clients against cybersecurity risks, but a judge has chastised the regulator for causing “needless confusion” and “wasted time”.

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