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Macquarie Bank has been hit with another lawsuit by former financial advisers who claim the bank underpaid them to the tune of $4.8 million by remunerating them solely in commission when they were entitled to a regular wage.
Fifteen former Macquarie Bank financial advisers are looking to expand their $2.6 million wages case against the bank, seeking evidence around allegedly unreasonable and unlawful deductions from their commissions.
Macquarie Bank has been hit with yet another lawsuit by a group of financial advisers alleging the firm breached the Fair Work Act by denying them regular wages, a case filed just days before the bank resolved an earlier action.