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MA Financial to pay $90.4M for real estate investment manager IP Generation
Real Estate 2025-05-22 11:32 pm By Cat Fredenburgh

ASX-listed MA Financial will acquire shopping centre-focused real estate investment manager IP Generation for $90.4 million.

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‘Massive and irreparable harm’: Qantas faces possible $121M fine for ground crew outsourcing
Employment 2025-05-19 11:31 pm By Cindy Cameronne

Qantas should pay a penalty of the “highest order” for outsourcing its ground crew staff during the COVID pandemic, a union has argued, while a judge has questioned if he needs to send a message that “you can’t play the court for a fool”.

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No loss proven in CBA cases, but all is not lost for shareholder class actions
Analysis 2025-05-16 11:01 pm By Christine Caulfield

In explaining where CBA shareholders went wrong in proving damages from the bank’s omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.

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JB Hi-Fi class action judge says 30 per cent GCO ‘a good deal’
Class Actions 2025-05-16 1:47 pm By Andy Sidler

A judge hearing Maurice Blackburn’s application for a 30 per cent group costs order in a consumer class action against JB Hi-Fi has opined that an all-in group costs order was a better deal for group matters than the return in a typical funded case.

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Lendlease claims privilege over legal advice, messages to ATO in ‘tax dodge’ case
Tax 2025-05-14 11:16 pm By Julia Kanapathippillai

Lendlease has told a court that documents relied on by an ex-Greenwoods and Herbert Smith Freehills partner in his case contain privileged legal advice and without prejudice communications with the Australian Tax Office.

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ANZ flex commissions class action asks court not to disturb GCO
Class Actions 2025-05-09 11:27 pm By Sam Matthews

The plaintiff in a flex commissions class action against ANZ has asked the court to approve a $85 million settlement, including a 24.5 per cent group costs order, citing the “considerable risk” involved in running the case.

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Lack of proof in CBA class actions can’t be ‘laid at bank’s feet’: appeals court
Class Actions 2025-05-08 11:34 pm By Cindy Cameronne

The failure of two class actions to prove loss linked to the Commonwealth Bank’s disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings. 

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$59M settlement reached in rate-rigging class action against banks
Class Actions 2025-05-08 11:30 pm By Cat Fredenburgh

A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.

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Court orders HCF to pay $750K for misleading life insurance term
Insurance 2025-05-08 11:44 pm By Julia Kanapathippillai

HCF Life insurance has been hit with a $750,000 penalty for including a pre-existing condition term in a life insurance policy, which a judge found was likely to mislead.

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CBA shareholder class actions score partial win on appeal, but no damages
Class Actions 2025-05-07 5:25 pm By Cindy Cameronne

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

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