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Cigno, BHF say they did not need a licence for payday loans
Financial Services 2020-11-03 3:41 pm By Miklos Bolza

Facing an ASIC enforcement action over alleged breaches of Australian credit laws, payday lenders BHF Solutions and Cigno claim they did not need a licence to issue loans to hundreds of thousands of consumers.

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Super fund REST reaches ‘groundbreaking’ settlement in lawsuit over climate disclosures
Environment 2020-11-02 9:22 pm By Miklos Bolza

Retail Employees Superannuation has settled a lawsuit brought by an ecological landscaper and activist over its climate change disclosures, acknowledging the need to identify the risks of climate change.

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Newspapers seek ‘deeply personal’ documents about Ben Roberts-Smith’s alleged affair
Defamation 2020-11-02 4:40 pm By Miklos Bolza

Lawyers from three newspapers being sued by war veteran Ben Roberts-Smith for defamation are seeking sensitive documents alleged to show the former soldier asked his wife to lie about an affair.

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Viagogo appeals $7M penalty for duping consumers
Competition & Consumer Protection 2020-11-02 1:42 pm By Cat Fredenburgh

Viagogo has appealed a $7 million penalty handed down after a judge found the ticket reseller had misled consumers into thinking it was an official vendor and failed to disclose booking fees of around 28 per cent.

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ASIC alleges funeral insurer made false claims in spruiking plans to Aboriginal customers
Insurance 2020-10-30 10:46 pm By Spencer Fowler Steen

Funeral insurer ACBF Funeral Plans and parent company Youpla Group are facing legal action from the corporate regulator alleging they breached financial service laws by making false claims in a funeral insurance policy sold primarily to Aboriginal consumers.

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Government kicks off review into privacy law overhaul
Privacy & Cybersecurity 2020-10-30 10:40 pm By Cat Fredenburgh

The Attorney-General’s office has begun its review into whether the Privacy Act is fit for the digital age, including whether the law should be changed to allow consumers to bring lawsuits, including class actions, for privacy breaches.

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Findex can’t enforce ‘convoluted’ restraint clauses against advisor who poached clients, court says
Accounting 2020-10-30 10:23 pm By Miklos Bolza

Accounting firm Findex has lost an appeal of a court’s judgment tossing its case against a former financial advisor, despite the court finding he had poached the company’s clients and caused $742,000 in losses.

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Court approves one of the first video opt out notices in a class action
Class Actions 2020-10-30 10:12 pm By Miklos Bolza

The Federal Court has approved what is thought to be only the second ever audio-visual opt out notice in a class action, a move that will make it easier for group members to find out about class actions they may be eligible for.

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Sigma general manager charged with insider trading
White Collar 2020-10-30 9:10 pm By Cat Fredenburgh

A former general manager of Sigma Healthcare is facing up to twenty years in prison after being charged with two counts of insider trading.

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Boston Scientific faces possible pelvic mesh class action
Class Actions 2020-10-30 12:08 pm By Miklos Bolza

A Sydney-based law firm is conducting a class action investigation into medical device manufacturer Boston Scientific’s pelvic mesh products, adding to the growing list of companies facing lawsuit by women who claim they experienced pain and other adverse symptoms due to the implants.

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