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Fortrend unlawfully withheld bonuses owed Shaw & Partners defectors: court
Employment 2025-02-21 10:44 am By Christine Caulfield

Fortrend Securities breached the Fair Work Act in withholding the bonuses of two financial advisors who jumped to rival Shaw & Partners, a court has ruled.

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AusSuper cops $27M penalty for account merger failures
ASIC 2025-02-21 3:01 pm By Andy Sidler

A judge has hit AustralianSuper with a $27 million penalty for breaching superannuation rules requiring providers to consolidate customer accounts. 

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Judge OKs $500K underpayments class action settlement, grills firm over fees
Class Actions 2025-02-21 11:16 pm By Julia Kanapathippillai

A judge has signalled he will approve a $500,000 settlement in an underpayments class action against labour hire company Stellar Personnel, but has grilled the applicant’s law firm over costs.

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Telstra misled customers about Belong upload speeds, court finds
Competition & Consumer Protection 2025-02-21 2:41 pm By Sam Matthews

A court has found that Telstra misled almost 9,000 residential broadband customers about the upload speeds of its budget internet provider Belong.

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Cosmetic surgery class action faces battle over plan to drop doctor from case
Class Actions 2025-02-21 11:30 pm By Cindy Cameronne

A class action against Sydney doctor Daniel Lanzer and several of his associates over alleged botched cosmetic surgeries wants to drop its claims against one doctor, but other defendants have taken issue.

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EML wins extra time to respond to class action’s ‘new case’
Class Actions 2025-02-20 4:54 pm By Sam Matthews

Payments processing company EML has won more time to respond to a new pleading in a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.

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Landmark ruling to upend tax office’s practice of treating UPEs as loans
Tax 2025-02-20 11:56 pm By Sam Matthews

An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.

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Construction PRO
No ‘judicial sympathy’ for Taringa shopping centre builder faced with insolvency
Construction 2025-02-21 11:44 pm By Julia Kanapathippillai

A judge has order the winding up of a construction company contracted to build a Queensland shopping centre after the builder failed to comply with a statutory demand.

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Allergan may bring ‘state of the art’ defence in breast implants class action
Class Actions 2025-02-20 10:35 pm By Andy Sidler

US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.

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Judge won’t bar case pursuing Banksia class action mastermind’s lawyers
Class Actions 2025-02-19 11:25 pm By Christine Caulfield

A bid by Banksia Securities’ special purpose receiver to thwart planned proceedings by a group of debenture holders against lawyers for the class action funder has failed.

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