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The Commonwealth Bank has been dragged to court by the corporate regulator, accused of charging business customers millions of dollars in undisclosed fees for the past 19 years.
ASIC wants $5.41 million in penalties over TelstraSuper's failure to respond to members complaints in a timely manner, while the superannuation fund is pushing for no penalty.
Macquarie Bank has agreed to a proposed $14 million penalty after admitting to failures in how it promoted introductory offers for new savings account customers.
Three former Youpla board members breached their duties as directors of the funeral insurance company, the Federal Court has found, issuing disqualification orders against the trio on Wednesday.
The corporate regulator has made interim orders barring Angas Securities from offering two managed investment schemes holding $114 million, raising concerns that it failed to disclose its exposure to collapsed developer Bathla Group.
Payday lender Sunshine Loans has been hit with $5.5 million in penalties for charging vulnerable customers almost $300,000 in fees, with a judge giving limited weight to its claim that it relied on legal advice when introducing the unlawful charges.
The High Court has dismissed billionaire Clive Palmer's bid to revive his misconduct claims against former ASIC chair James Shipton, which an appeals court rejected as "little more than a house of cards".
The property developer linked to collapsed investment funds Shield and First Guardian took the stand in court on Wednesday to face a grilling by liquidators, as investigators try to claw back the $1 billion in missing investor funds.
The operator of pharmacy chain Chemist Warehouse and hospitality giant Hemmes Group are among companies that copped a total of $4.4 million in fines for missing the FY25 financial reporting deadline, ASIC said Wednesday.
The Full Federal Court has upheld a finding that fintech iSignthis made misleading representations to shareholders, as well as a decision socking it with a $10 million penalty.