Two units of AMP have paid a $536,000 penalty for failing to report derivative transactions, with the Australian Securities and Investments Commission slamming the company for “serious inadequacies” in its reporting processes.
The corporate cop has brought legal proceedings against the Commonwealth Bank’s wealth management unit claiming it made misleading or deceptive statements to over 12,000 fund members during the transition to MySuper accounts.
Beer giant Lion has slapped a WA retailer with a trade mark lawsuit over an offensive t-shirt that features the mark for its Emu Export beer with the words “wife basher” emblazoned across the top.
The corporate watchdog has brought two post-Hayne Commission proceedings against the Commonwealth Bank of Australia, alleging it upped the credit limit of a known problem gambler and overcharged more than $8 million in fees on its agricultural lending products.
The former boss of Sydney’s 2GB and Melbourne’s 3AW radio stations, Adam Lang, has resolved his defamation case against the publisher of the Daily Telegraph over articles he claimed portrayed him as an incompetent, sadistic executive who created a toxic work atmosphere.
A settlement has been reached in a lawsuit against ‘Underbelly’ actor Damien Walshe-Howling alleging he sexually harassed an extra on the set of Channel Ten’s ‘Bikie Wars’ when he grabbed the actress and forced his tongue into her mouth.
Qantas Airways has repaid more than $7 million in underpayments and will make an additional $2 million in ‘apology’ payments to workers after self-reporting to the Fair Work Ombudsman that it incorrectly calculated the salary of hundreds of staff.
A Federal Court judge has acknowledged concerns raised by the accused in a criminal cartel case against mobility equipment provider Country Care and two employees about how an upcoming jury trial will proceed if the coronavirus pandemic worsens, telling the parties the court had already taken measures to control the spread of the virus.
A judge has given his blessing to a $49.7 million settlement of two class actions that alleged infant food maker Bellamy’s misled investors about its China growth strategy and declining market share in Australia.
Westpac has been hit with another class action over alleged anti-money laundering breaches, teeing up a high-stakes beauty parade over which firm will lead the class action against the bank.