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NAB to face $1.2M unconscionable conduct claim by Victorian property developer
Financial Services 2019-10-03 11:46 am By Miklos Bolza

A court has thrown out a breach of contract claim brought by two subsidiaries of property developer Minster Group against National Australia Bank, but found the bank must face a $1.2 million unconscionability claim over allegedly excessive fees.

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NAB to set aside another $1.2B for post Hayne customer refunds
Financial Services 2019-10-02 9:24 pm By Christine Caulfield

National Australia Bank is setting aside a further $1.18 billion to compensate customers for dodgy adviser service fees, consumer credit insurance sales, and non-compliant advice.

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NSW government points finger at developer in Opal Tower class action
Class Actions 2019-10-02 9:01 pm By Amelia Birnie

The NSW government’s Sydney Olympic Park Authority, which is facing a class action brought by owners of apartments at the troubled Opal Tower, has laid the blame on the developer, designer and builder behind the project.

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Melbourne council may face class action over Prahran Square re-development
Class Actions 2019-10-02 8:15 pm By Amelia Birnie

The law firm behind multiple government class actions over major construction projects, including the Sydney Light Rail proceeding, is investigating a new case against a Melbourne council after a major development allegedly left local businesses struggling to survive.

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Sydney private school caretaker wins $3.1M after catastrophic gas explosion
Employment 2019-10-02 4:19 pm By Amelia Birnie

At caretaker at a Sydney private school has been awarded $3.1 million in damages after he was seriously injured in a workplace gas explosion, with five defendants including building contractors, certifiers and gas suppliers all found to be equally liable.

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Battle ahead as Hanwha seeks to ‘strengthen’ solar patent after suing rivals for infringement
Intellectual Property 2019-10-02 4:15 pm By Miklos Bolza

Global solar panel manufacturer Hanwha Q CELLS wants to amend the patent behind its solar technology, more than six months after launching infringement proceedings against three rivals.

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University of Sydney wins IP rights case against ObjectiVision
Intellectual Property 2019-10-02 3:34 pm By Miklos Bolza

The University of Sydney has emerged triumphant in its long running battle over the intellectual property rights of a glaucoma testing device, with the Federal Court ruling against opthalmic diagnostic tool manufacturer ObjectiVision.

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Liquidator of Ambient Advertising unit sues director after funding go-ahead from court
Restructuring & Insolvency 2019-10-01 8:55 pm By Christine Caulfield

The liquidator of a subsidiary of collapsed Ambient Advertising has launched legal proceedings against the company’s director after getting the all-clear from the Federal Court to enter into an agreement with a litigation funder that will take 45 per cent of the proceeds.

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Court signs off on AMP’s new remediation program in ASIC insurance churn case
Financial Services 2019-10-01 8:42 pm By Miklos Bolza

A judge has given the thumbs up to AMP’s new program to identify and compensate victims of so-called insurance churning by its financial planning arm after inadequacies were revealed in the original scheme.

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Fair Work Ombudsman ‘very concerned’ about Subway’s non-compliance
Employment 2019-10-01 8:11 pm By Amelia Birnie

The Fair Work Ombudsman says she is “very concerned” by the level of non-compliance with workplace laws by national sandwich franchise Subway, as inspectors recover another $80,000 in unpaid wages on behalf of more than 150 employees.

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