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RAMS ordered to pay $20M penalty in ASIC case
Financial Services 2025-10-24 11:02 pm By Julia Kanapathippillai

Defunct Westpac home loan unit RAMS has been hit with a $20 million penalty after admitting to widespread misconduct at its franchises over a four-year period.

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Westpac agrees to $20M penalty in ASIC case against RAMS
ASIC 2025-10-21 11:56 pm By Julia Kanapathippillai

A judge has raised concerns about whether an agreed-to $20 million penalty against Westpac’s defunct home loan subsidiary RAMS is enough to deter other lenders from breaking credit rules.

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Structural Monitoring Systems barred from removing CEO
Employment 2025-10-21 11:39 pm By Julia Kanapathippillai

ASX-traded Structural Monitoring Systems has been barred from sacking its CEO after he launched whistleblower proceedings against the aerospace company.

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Ex-Keybridge CEO can’t bring derivative suit over ACM investment
Corporate 2025-10-20 11:36 pm By Cindy Cameronne

Former Keybridge CEO Nicholas Bolton, who was voted out in a board spill earlier this year, has lost his bid to bring a derivative suit against director Frank Catalano over a failed bid to acquire a rural publisher previously owned by Nine. 

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4D Medical sues Cyclopharm over ‘misleading’ statements elicited by ‘fake’ question
Competition & Consumer Protection 2025-10-10 11:55 pm By Cat Fredenburgh

ASX-listed biotech 4D Medical has sued competitor Cyclopharm alleging the company made false, misleading and malicious statements about its rival during an online webinar prompted by a “fake” question.

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High Court to hear ATO, Billabong founder’s appeals in $30M tax spat
Tax 2025-10-09 11:15 pm By Christine Caulfield

Billabong founder Gordon Merchant has won the ear of the High Court in his fight over what the ATO claims was a “wash sale” of his 10 million shares in the retailer, but the justices have also agreed to hear the tax office’s appeal.

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WSP flags bid to stay suit by partner on troubled Kingston development
Construction 2025-10-08 11:55 pm By Cindy Cameronne

Engineering firm WSP may seek to permanently stay a new suit by Canberra builder Morris Construction that claims it should be on the hook for engineering and design failures by a subsidiary, the latest fight between the parties over a troubled Kingston development. 

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Dexus-bloc shareholders in APAC can’t have different lawyers, judge says
Transportation & Infrastructure 2025-10-03 11:44 pm By Christine Caulfield

The trustee for shareholders that want to retain their Dexus-managed stake in Australia Pacific Airports Corporation can’t be separately represented from the selling group, a judge has ruled in a case that pits APAC’s investors against each other.

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In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
Courts 2025-09-30 11:49 pm By Christine Caulfield

A judge did not need to recuse himself from deciding the penalty in ASIC’s case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.

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Civil construction firm Shamrock loses second attempt to toss $30M Cleanaway claim
Construction 2025-09-26 11:14 pm By Julia Kanapathippillai

An appeals court has binned construction firm Shamrock’s second bid to toss waste management firm Cleanaway’s $31 million claim for costs associated with cleanup of an Ipswich dump following a flood.

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